ITAT opined that the assessee derived advantage by deferring its income to the extent of excess warranty provision to subsequent years. Therefore, such excess provision cannot be allowed as a deduction as it cannot be said to be reliable.
Procedure for filling online application for IEC/ modification in IEC/e-IEC is laid down. IEC will henceforth be system generated & an applicant will have the facility of taking a print out of IEC. Further, a requirement of Digital Signature for submitting IEC appl. is done away
Following the integration of PAN web service of CBDT with DGFT’s web server and automatic system based verification of PAN details with PAN database of CBDT, requirement of Digital Signature for submitting IEC applications is being done away with and Para 2.08 and 2.14 on IEC have been accordingly revised.
CBIC further amends notification No. 82/2017-customs dated 27th October 2017, to increase Ad-valorem component of BCD from 10% to 20% on 328 tariff lines of carpets, apparels and other textile products vide Notification No. 58/2018-Customs Dated: 7th August, 2018
In the appeal of M/s. Aditya Birla Retail Ltd. (GST AAAR Maharashtra), the appellate authority clarifies the interpretation of ‘brand name’ regarding packaging and GST exemptions. Also, read about the GST AAR ruling on Aditya Birla’s cereal packs.
The group of state finance ministers headed by MoS Finance Mr. Shiv Pratap Shukla will help provide speedy solutions to the problems faced by the MSMEs: Rashesh Shah, President, FICCI NEW DELHI, 6 August 2018: FICCI welcomes the initiative taken by the GST council to specifically discuss the issues and concerns being faced by MSMEs.
In exercise of the powers conferred by clause (d) of sub-rule (14) of rule 138 of the Rajasthan Goods and Services Tax Rules, 2017, hereinafter referred to as the said Rules, I, Alok Gupta, Commissioner of State Tax, Rajasthan, after consultation with the Chief Commissioner of Central Tax, Jaipur Zone
When all requisite details were already on record with supporting evidences and same were duly examined by AO, the order of AO was not erroneous and prejudice to interest of Revenue.
In re Maini Precision Products Ltd. (GST AAR Karnataka) Question 1- Whether the ‘Parts of Fuel Injection Pumps’ are classifiable under Tariff Heading 8413 91 90? The Parts of Fuel Injection Pumps for diesel engines are classifiable under Tariff Heading 8413 91 90 as per the Customs Tariff Act, 1975 Question 2- Whether the applicable […]
In re Nursery Men Co-operative Society (GST AAR Karnataka) Q. Whether landscaping and gardening work for government departments like BBMP, KSRTC, etc, through works contract attracts GST from this society? A. 1. The service of maintenance of parks provided by the society to the State Government, Central Government or a Local Authority (including BBMP) or […]
