Section 68 deals with Inspection of goods in movement and Section 129 deals with Detention, Seizure and Release of Goods, beside this section 130 of the Act provides for the confiscation of goods or conveyances and imposition of penalty for the smooth working and to check the evasion concept of eway bill was also introduced for the movement of goods if the value exceeds Rs. 50,000/-.
Chartered Accountants Regulations, 1988 [Pertaining to Election to the Regional Councils] [As amended by the Chartered Accountants (Amendment) Regulations, 2012 effective from 1.8.2012 ] 134. Elections to the regional councils: (1) Subject to the other provisions of these regulations, a member whose name is borne on the Register on the 1st day of April of […]
Supersmelt Sponge Private Limited. Vs Superintendent, (Anti Evasion), Central Tax, C.G.S.T., Commissionerate, Bolpur & Ors. (Calcutta High Court) It was submitted that, the appeal filed by the petitioner is before a wrong authority. The Additional Commissioner (Appeals), C.G.S.T. Commissionerate, Siliguri has jurisdiction over the subject matter. He submits that, respondent no. 3 as described in […]
Mangalam Alloys Ltd. Vs Commissioner of Central Excise Ahmedabad-III (Gujarat High Court) The Revenue authorities and the Tribunal concurrently came to the conclusion that the transactions in question were nonexistence. The assessee was not able to establish the actual movement of the goods. When the RTO report strongly suggested that the vehicles in which the […]
Amendments have been made in Apendices & Aayat Niryaat Forms (ANFs) pertaining to Chapter 7 of Handbook of Procedures 20152020 in light of implementation of GST and updation in FTP/ BP consequent upon Mid-Term Review on 5.12.2017 vide Public Notice No. 37/2015.2020 dated 4th September, 2018.
The quantity of sugar (raw and/or white sugar) to be exported to Ender CXL Quota from 1.10.2018 to 30.09.2019 has been notified vide Public Notice No. 35/2015-2020-DGFT dated 4th September, 2018.
Paragraph 2.79 C has been included in the Handbook of Procedures of FTP 2015- 20 to lay down the procedure for export of SCOMET items for repair/replacement purposes vide Public Notice No. 33/2015-20, Dated 4 September, 2018.
CMA Krishna N. Chaubey The simple meaning of ITC (Input Tax Credit) is reduce your tax liability at the time of paying tax on supply or services but as prescribed in Central Good and Service Tax Act, 2017’ every registered person shall, subject to such conditions and restrictions as may be prescribed in the manner […]
MCA to update KYC of Directors: ICAI has thoroughly supported the Government in its initiatives to update its registry, wherein the Ministry of Corporate Affairs would be conducting KYC of the Directors of all companies annually through a new e-form, viz. DIR-3 KYC.
Urban Improvement Trusts and Development Authorities are responsible for the improvement and expansion of urban areas. In India, these Authorities are playing an important role by planning, coordinating and supervising the proper, orderly and rapid development of urban areas in their jurisdictions. Audit of these entities involve many issues and unique peculiarities.
