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Fight for your dreams and the dreams will fight for you

March 9, 2018 6423 Views 3 comments Print

Success starts, when one believes in himself with full dedication and determination. Everyday must start with an aim and willingness to accomplish the same. One must dream high beyond the imagination as sky isnt the limit when footprints are found upon it. Everything is possible with respect to efforts we make for the same. If we indulge ourselves truly into a work the product will be enormous.

ITAT confirms Penalty on admitted bogus purchase to Inflate work in progress

March 8, 2018 2247 Views 0 comment Print

Centaur Mercantile P. Ltd. Vs ACIT (ITAT Mumbai) It is undisputed that the assessee has booked bogus purchases thereby inflating work-in-progress. Hence, it is clear that the assessee was owner of undisclosed income during the year. It was because of the system of accounting followed by the assessee being percentage completion method, that there was […]

Newly introduced service cannot be made taxable prior to the date of its introduction

March 8, 2018 828 Views 0 comment Print

There is no dispute that the activities of the appellant are squarely covered within the definition of “Public Relation Services”, which was made taxable w.e.f. 01.05.2006. The stand of the respondent is that a particular service which has been newly introduced cannot be made taxable prior to the date of its introduction.

Issuance of Form E-13 before LEO for Export Containers in JNCH

March 8, 2018 8091 Views 0 comment Print

Attention of all the exporters, and stakeholders is invited to the various Public/Facility Notices issued by Jawaharlal Nehru Custom House (JNCH) about the procedure with regard to Export of Containers through various Parking Plazas. Representations have been received from Exporters for clarification whether the furnishing of Form E-13

CESTAT should not exercise its discretionary power in whimsical and arbitrary manner

March 8, 2018 900 Views 0 comment Print

Whether the Customs, Excise and Service Tax Appellate Tribunal (Tribunal) was right in exercising discretion and in refusing to admit the appeal preferred by the appellant in exercise of discretion vested under proviso (iii) to sub­section (1) of Section 129A of Customs Act, 1952 (Act, for short)?

How to file Letter of Undertaking for Export of Goods or Services

March 8, 2018 10251 Views 3 comments Print

To file the Letter of Undertaking (LUT) for export of goods or services at the GST Portal, perform the following steps: 1. Access theGST Portal at www.gst.gov.in URL. The GST Home page is displayed., 2. Login to the GST Portal with valid credentials.

CIT (Appeals) should timely issue & dispatch appellate orders

March 8, 2018 10557 Views 0 comment Print

It is once again reiterated that the CIT (Appeals) should abide by the instructions of CBDT regarding timely issue and dispatch of appellate orders in letter and spirit. It is also important to note that the Apex Court has held that CIT (Appeals) has plenary powers in disposing of an appeal. These powers must be used by CIT (Appeals) judiciously while passing appellate orders.

DGFT Notification No. 52/2015-20, Dated: 7 March 2018

March 7, 2018 4536 Views 0 comment Print

Amendment in Para 2.17 of the Foreign Trade Policy 2015-20 on “Prohibition on direct or indirect import and export from/to DPRK (Democratic People’s Republic of Korea) in terms of UNSC resolutions concerning DPRK.

Service Tax on Composite Work of Engineering Design and Construction

March 6, 2018 3546 Views 1 comment Print

Instant Civil Miscellaneous Appeal is filed against the order dated 30.04.2008, passed by the Customs, Excise, and Service Tax Appellate Tribunal, South Zonal Bench, Chennai in Final Order No.434/2008.

GST on services by members of Joint Venture to JV & vice versa

March 5, 2018 25842 Views 3 comments Print

Joint Venture -taxable services provided by the members of the Joint Venture (JV) to the JV and vice versa and inter se between the members of the JV

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