Sponsored
    Follow Us:

Govt increases Special Additional Excise Duty on production of Petroleum Crude

August 2, 2022 483 Views 0 comment Print

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and exempt export of Aviation Turbine Fuel vide Notification  No. 22/2022-Central Excise | Dated: 02nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 22/2022-Central Excise | Dated: 02nd […]

Govt reduces Special Additional Excise Duty on Diesel

August 2, 2022 516 Views 0 comment Print

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel vide Notification  No. 21/2022-Central Excise | Dated: 2nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 21/2022-Central Excise | Dated: 02nd August, 2022 G.S.R. 613(E).—In exercise of the powers conferred […]

e-Investment Choice for Government sector NPS subscribers

August 1, 2022 468 Views 1 comment Print

Central Government NPS Subscribers can choose any one of the available PFs and Investment Option as per their choice among the following: A. Active Choice – 100% Allocation into Government Securities B. Conservative Auto Choice – 25% Allocation in Equity Asset Class C. Moderate Auto Choice – 50% Allocation in Equity Asset Class

Impact of GST on unsold stock of pre-packaged commodities

August 1, 2022 864 Views 0 comment Print

The difference between the retail sale price originally printed on the package and the revised price shall not, in any case, be higher than the extent of increase in the tax, if any, or in the case of imposition of fresh tax, such fresh tax, on account of implementation of GST Act and Rules.

122 Ad-hoc appointment in the grade of ACIT

July 31, 2022 3081 Views 0 comment Print

Office Order No. 159 of 2022 31st July, 2022. Ad-hoc appointment in the grade of ACIT of 122 Officers

GST: No penalty for vehicle movement in wrong direction due to Human Error

July 30, 2022 7635 Views 0 comment Print

There may be chances of diversion that might have taken place due to human error and it cannot be definitely concluded that diversion was deliberate

SSBC Real Estate guilty of not passing ITC benefit to home buyers: NAA

July 29, 2022 954 Views 0 comment Print

NAA held that ITC benefit of Rs. 16,49,897/- was required to be passed on to 39 flat buyers by SSBC Real Estate Pvt. Ltd.

Application not maintainable if question raised is already pending or decided: AAAR

July 29, 2022 723 Views 0 comment Print

In re Saisanket Enterprises (GST AAAR Madhya Pradesh) We find that the first proviso to section 98(2) of CGST Act, 2017 is very clear, that the authority shall not admit the application where the question raised in the application is already pending or decided in any proceedings in case of an applicant under any of […]

No section 154 Rectification by AO in case of Debatable Issues

July 29, 2022 1167 Views 0 comment Print

Avisha Credit Capital Ltd. Vs ITO (ITAT Delhi) Undisputedly, the loss from sale of shares was debited to profit and loss account as trading loss. While completing the assessment under section 143(3) of the Act, the Assessing Officer obviously has accepted the claim. The Assessing Officer has initiated proceeding under section 154 of the Act […]

ITC not admissible on purchase of Lift for Hotel of Appellant

July 29, 2022 3129 Views 0 comment Print

In re Jabalpur Hotels Private Limited (GST AAAR Madhya Pradesh) Whether Input credit on Purchase of Lift would be available to Hotel as it has been used in the course or for the furtherance of business? As per the Section 17 (5) of CGST Act mentioned above, the Input tax credit shall not be available […]

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031