IRCON International is Mini-Ratna public sector company which is set to hit Indian stock exchanges with an initial listing of its 10.53% equity shares, by Ministry of Railways acting in behalf of President of India. While the company is primarily into engineering and construction businesses specializing in infrastructure projects, railways, highways, bridges etc.
ICAI has for the third time in less than a month made a request for Extension for extension of time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018. Earlier ICAI has made representation dated 31st August, 2018 and 10th September, 2018. Read ICAI 1st Representation on […]
The concept of TDS is simple concept. The recipient deducts tax at the notified rate from the payment due to the supplier and deposits the tax into the government treasury on behalf of the supplier. When the supplier files return, he can claim credit of the tax paid by the recipient on his behalf. Section 51 of the CGST Act deals with the issue of TDS.
Shri Sukhbir Rohilla & 108 Ors Vs M/s Pyramid Infratech Pvt. Ltd. (National Anti-Profiteering Authority) Authority under Rule 133 (3) (a) of the CGST Rules, 2017 orders that the Respondent shall reduce the price to be realized from the buyers of the flats in commensurate with the benefit of ITC received by him as has […]
Govt. decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three banks. The envisaged amalgamation will be the First-ever three-way consolidation of banks in India, with a combined business of Rs. 14.82 lakh crore, making it India’s Third Largest Bank.
In view of changes in the rates of incentives mid year during the Mid Term review of the FTP, some minor modifications and further testing of the module is in process. The new online E corn online module of the SEIS will be available to the exporters from 03.10.2018. Therefore, the exporters/ members of trade are requested to apply in the online module for SEIS only after 03.10.2018.
In re Indian Oil Corporation Ltd (GST AAR West Bengal) Whether input credit is admissible for GST paid on freight for transporting Petro products to export warehouse? Aviation Turbine Fuel (ATF) and other non-taxable supplies from the Applicant’s Haldia Refinery to the export warehouse of Indian Oil Corporation Ltd at Raxaul are not zero rated […]
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th September, 2018 S.O. 4885(E).—It is hereby notified for general information that the organization M/s Indian Council of Medical Research (PAN:- AAEAT4818Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section […]
Amendment to Customs Exemption Notifications No. 24/2015-Customs dated 08.04.2015 to align it with amendment in Foreign Trade Policy vide Notification No. 63/2018-Customs Dated 18th September, 2018
Taxation Bar Association, Ludhiana has requested CBDT to extend the due date for furnishing the tax audit report and Income Tax tax return to be extended for a month to 31st October 2018. Relevant Text of Representation is as follows:- Sub: Request for Extension of due date for filing tax audit report and return of […]
