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Section 54 not defines quantum of construction to be eligible for Exemption

May 11, 2018 8976 Views 0 comment Print

Section 54 no where defines the quantum of construction on the land so as to be eligible to be defined as a residential unit. The only condition is that there should be a residential house capable of being used as a residence by any person.

Be an expert on panel of Women Entrepreneurship Platform of NITI Aayog

May 11, 2018 672 Views 0 comment Print

The National Institution for Transforming India (NITI) Aayog has launched Women Entrepreneurship Platform (WEP) on the occasion of International Women day ie 8th March, 2018 with the motive to bring together women from different parts of India to realize their entrepreneurial aspirations.

18% GST payable on freight on supply of materials in a composite supply of works contract: AAR

May 11, 2018 7665 Views 0 comment Print

The applicant supplies works contract service, of which freight and transportation is merely a component and not a separate and independent identity, and GST is to be paid at 18% on the entire value of the composite supply, including supply of materials, freight and transportation, erection, commissioning etc.

Enhanced Rates for items / Services in MEIS Appendix 3B /Appendix 3D

May 11, 2018 4065 Views 0 comment Print

The rates for items under MEIS Appendix 3B / Service categories in Appendix 3D which were enhanced in the Mid Term review are continued beyond 30.06.2018.

Modalities for import of Pigeon Peas, Toor Dal, Moong & Urad

May 11, 2018 966 Views 0 comment Print

Application process for import of 2 Lakh MT of Pigeon Peas/ Toor Dal and 1.5 Lakh MT for Urad and 1.5 Lakh MT for Moong is laid down.

No seizure of goods if e-way bill generated before seizure order

May 11, 2018 2181 Views 0 comment Print

It is submitted that vehicle carrying the goods was intercepted at Kanpur on 01.04.2018 at about 9-30 a.m. by respondent no. 2 and interception/detention memo was issued on the ground that since the E-Way Bill No.01 is not available as such the physical verification of the goods loaded is to be made and fixed 02.04.2018 for physical verification and inspection at 11-00 a.m.

HC refers e-way bill notification validity issue in UP to larger bench

May 11, 2018 1506 Views 1 comment Print

Om Disposals Vs State of U.P. (Allahabad High Court) We are, faced with two judgments given by the Coordinate Benches of this Court with diametrically opposite conclusions: (a) the earlier judgment in U.P. Kar Adhivakta Sangathan (supra) has affirmed the notification dated 21.07.2017 issued by the State of U.P., (b) the judgment dated 13.04.2018 in Satyendra Goods Transport […]

Master Circular for Underwriters registered with SEBI

May 11, 2018 762 Views 0 comment Print

Master Circular for Underwriters registered with SEBI is a compilation of the circulars issued by SEBI up to March 31, 2018, which are operational as on the date of this circular. References in the circular to the statutes / Regulations which now stand repealed, have been suitably updated.

Notification No. 40/2018-Customs (N.T.), Dated: 11.05.2018

May 11, 2018 2496 Views 0 comment Print

Notification No. 40/2018-Customs (N.T.) In exercise of the powers conferred by sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby assigns the functions of the proper officer to the following officers mentioned in column (2) of the Table below, for the purposes of section 17 and section 28 of the said Act

Notification reg. placement of 121 JCIT in Selection Grade (NFSG)

May 11, 2018 1080 Views 0 comment Print

NOTIFICATION NO. 06 OF 2018- The following Joint Commissioners of Income Tax are, hereby placed in the Selection Grade (NFSG) (Level 13 in the Pay matrix) (Pay Band-4 of Rs. 37,400 — 67,000 + Grade Pay of Rs. 8,700/-) (Pre-revised) with effect from 01.01.2018:

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