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11th Amendment to MGST Rules 2017

November 1, 2017 1284 Views 0 comment Print

(1) These rules may be called the Maharashtra Goods and Services Tax (Eleventh Amendment) Rules, 2017. (2) They shall come into force with effect from the 28th October, 2017.

Notification No. 102/2017-Customs (N.T.), Dated: 01.11.2017

November 1, 2017 1146 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Central Board of Excise and Customs No.97/2017-CUSTOMS (N.T.), dated 24th October, 2017, with effect from 2nd November, 2017

Treatment of Stores, Spares and Servicing Equipment as Per IND AS 16

October 31, 2017 11358 Views 0 comment Print

As Per sub section (1) of Section 128, Every Company shall keep at its registered office, the books of accounts and book or papers including Financial Statements with respect to every financial year including that of its branch office or offices and explain the transactions effected both at the registered office and branches.

CBDT Circular prescribing Monetary Limit for filing Appeal has Retrospective Effect

October 31, 2017 10722 Views 0 comment Print

CIT Vs. M/s Gillette India Ltd. (Rajasthan High Court) Instant appeal is directed against order of the Income Tax Appellate Tribunal and indisputably the tax effect as brought to our notice, is less than Rs. 20 lac. A Circular No. 21/2015 has been issued by the Central Board of Direct Taxes dated 10.12.2015 in exercise […]

Shares acquired from overseas investors are also foreign exchange assets u/s 115E

October 31, 2017 876 Views 0 comment Print

Sri Shashi Parvatha Reddy Vs DCIT (ITAT Hyderbad) Coming to the second category of shares i.e. the original and the bonus shares transferred to the assessee by the overseas investors without any cost attached to them, we find that the original shares were initially purchased or acquired by the overseas investors by way of inward […]

Seeks to amend notification No. 16/2017-Customs dated 20th April, 2017

October 31, 2017 1227 Views 0 comment Print

G.S.R. 1356(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India

CCI finds conduct / practice of AIFEC in contravention of Competition Law

October 31, 2017 1194 Views 0 comment Print

The Competition Commission of India (CCI) has found All India Film Employees Confederation (AIFEC), Federation of Western India Cine Employees (FWICE) & its affiliates and three producer associations i.e. Indian Motion Picture Producers Association (IMPPA)

CBEC notifies extended due date to file Form GSTR-2 & GSTR-3 for July, 2017

October 30, 2017 5217 Views 0 comment Print

G.S.R. …..(E). In exercise of the powers conferred by the first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017)

Not said that Govt may miss FY 2018 Revenue collection target: CBEC Chief

October 30, 2017 1449 Views 1 comment Print

Pease refer to the PTI article….Govt may miss FY 2018 Revenue collection target appearing in leading daily newspapers, both in the print and electronic version.

RTI in respect of request made to foreign tax authorities under tax treaties- Reg

October 30, 2017 672 Views 0 comment Print

It is noticed that RTI applications, where information is sought in respect of a request for information made to any foreign jurisdiction under tax treaties, are being transferred to the FT&TR division in a routine manner by CPIOs and First Appellate Authorities functioning in the field.

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