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Bharat Bill Payment System – Expansion of biller categories

September 16, 2019 1251 Views 0 comment Print

It has been decided to expand the scope and coverage of BBPS to include all categories of billers who raise recurring bills (except prepaid recharges) as eligible participants, on a voluntary basis.

Notification No. 65/2019-Customs (N.T.) dated 13th September 2019

September 13, 2019 1359 Views 0 comment Print

Notification No. 65/2019-Customs (N.T.)- Amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 so as to include Barhi, Distt Sonepat, Haryana

Section 54F exemption cannot be denied for late execution of registered deed

September 13, 2019 2055 Views 0 comment Print

Once it is demonstrated that the consideration received on transfer has been invested either in purchasing a residential house or in construction of a residential house even though the transactions are not complete in all respects and as required under the law, that would not disentitle the assessee from the benefit under Section 54F.

Selection of Case of Search Years in ITBA Assessment module

September 12, 2019 2535 Views 0 comment Print

Availability of Miscellaneous Functionalities related to ‘Selection of Case of Search Year’ and ‘Relevant Search Years’ in Assessment module of Income Tax Business Application (ITBA)- reg. ITBA – Assessment Instruction No. 12 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/Assessment/177/2016-17/ Dated: 12/09/2019 To All Principal […]

SoP for filing Kerala Flood Cess Return and Payment of Flood Cess

September 12, 2019 38757 Views 37 comments Print

SoP for filing Kerala Flood Cess Return and Payment of Flood Cess • For filing of Kerala Flood Cess return and payment of Kerala Flood Cess every tax payer has to register into Kerala Flood Cess portal available in the website of Kerala State Goods and Services Tax Department (keralataxes.gov.in) initially. The SoP for registering […]

Anti-Subsidy Investigation of imports of Textured Tempered Glass from Malaysia

September 12, 2019 693 Views 0 comment Print

The petitioner has alleged that the producers/exporters of the subject goods in the subject country have benefitted from the actionable subsidies provided at various levels by the Government of the subject country, including the government of different provinces and Municipalities in which producers/exporters are located, and other ‘Public bodies’.

Notification No. 44/2019-Customs (N.T./CAA/EXTENSION/DRI), Dated: 12.09.2019

September 12, 2019 1200 Views 0 comment Print

Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 44/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 12th September , 2019 S.O. 3275(E).—In exercise of powers conferred upon by first proviso to section 28(9) of the Customs Act, 1962 (52 of 1962), the Director […]

Incentive received from Government for exploring new market -capital receipt or revenue receipt?

September 12, 2019 2376 Views 0 comment Print

JCIT (OSD) Vs Eastman Exports Global Clothing (P) Ltd. (ITAT Chennai) We have considered the rival submissions on either side and also perused the relevant material available on record. The Market Linked Focus Product Scheme is a scheme promoted by the Director General of Foreign Trade wherein incentive @ 2% on the FOB value of […]

CBDT releases MLI synthesised text for India- Serbia and Montenegro tax treaties

September 11, 2019 1338 Views 0 comment Print

CBDT has released the synthesised text for India- Serbia and Montenegro tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING AND THE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC […]

Licensing requirement for Parts and Accessories in Defence Sector

September 11, 2019 744 Views 0 comment Print

In reference to Press Note 1 (2019 Series) dated January 1, 2019 it is hereby clarified that No Industrial Licence/Arms Licence is required for the manufacture of any parts or accessories in Defence Sector, unless they are specifically listed in any of the Annexures of the said Press Note.

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