Tracking ARN for Exports now available on GST Portal The system will now give one of following status: a) Refund confirmation received from ICEGATE on <date>: This implies that the ICEGATE has completed the processing and has reverted with confirmation to the GST System. b) Refund record rejected by ICEGATE on <date> due to <error […]
Ministry of Civil Aviation has drawn attention of Finance Secretary to a letter issued by Deputy Commissioner, IGI Airport to various duty-free shops requiring them to pay IGST on goods sold by them since 1.7.2017 citing the ruling by Authority for Advance Ruling, Delhi in the case of M/S Rod Retail Private Ltd. Subsequently, a Secretary level meeting has also been held where Chairman, CBIC along with Member (Customs), Member (GST), and Member (Budget) were present.
As per the provisions of the Section 17, there are certain conditions/ restrictions on the availability of the Input tax Credit (ITC) to be utilized by the registered person. Following are the ITC’s which have been blocked/ not allowed under the GST regime.
These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2018.
Kind reference is invited to Board Circular Nos. 03/2016-customs dated 03.02.2016 and 10/2016-customs dated 15.03.2016 regarding the operationalization of the Single Window Interface for Facilitation of Trade (SWIFT) from 01st April, 2016 at all EDI locations throughout India.
As per the Public Provident Fund Scheme, 1968, a PPF account can not be opened in joint names, i.e. in the names of more than one individual. Ministry of Finance has been receiving references from various Banks and Post Offices seeking regularization of irregular PPF accounts opened in joint capacity.
The action of the lower authorities in not following the case laws on the issue and in spite of legal precedents, still not quashing the penalty of Rs. 2,22,240/- is unjust, illegal, arbitrary, illusory and against the facts of the case and thus deserves to be deleted.
Institute of Cost Accountants of India has submitted suggestions on New Direct Tax Law on 23rd May 2018 to Finance Minister Shri Piyush Goyal and suggested Inclusion Of Cost Accountants Under The Definition Of Accountant U/S 288(2) Of Income Tax Act, 1961.
It has come to the notice of the Board that at many places, where High Court Benches are functioning, no High Court Cell has been set up. The bench-wise position of various High Courts with respect to setting up of High Court Cells is as per Annexure-A. High Court Cells should be set up immediately at all places where the Bench of High Court is situated.
In re Temple Packaging Pvt. Ltd. (GST AAR Daman, Diu & DNH) Issue- Classification of Printed Leaflet manufactured by them in their factory out of their own raw material-paper/ink and with the contents supplied by the purchaser. Clarification sought as to whether the same is to be considered as supply of goods or supply of […]
