Sponsored
    Follow Us:

5 Ways to avoid Income Tax Penalties

December 12, 2019 6660 Views 1 comment Print

We are morally bound to pay taxes, legally too. It is for the betterment of our own nation. The taxes we pay help the country develop and prosper, which is definitely good for the society at large.

Mandatory supporting documents | Document code & IRN | Bills of Entry

December 12, 2019 17079 Views 0 comment Print

Currently, on the import side, uploading of at least one document on e-Sanchit is mandatory for every Bill of Entry. This is now being modified to mandatorily uploading on eSANCHIT, for every Bill of Entry, Invoice/ Invoice cum packing list and Transport Contract i.e. Bill of Lading/ Airway bill etc., as the case may be.

Rubber Pad falls Under Chapter 4016 of GST Tariff Act 2017

December 11, 2019 1224 Views 0 comment Print

Rubber Pad falls under Chapter 4016 of the GST Tariff Act 2017 and attract GST @ 18% [9% CGST + 9% SGST] as on date. In re V K Enterprises (GST AAR Uttarakhand);

Nestle’ guilty of profiteering as not adopted correct methodology to pass on ITC Benefit

December 10, 2019 2454 Views 0 comment Print

Director General of Anti-Profiteering Vs M/s Nestle India Ltd (National Anti-Profiteering Authority) 1. The present Report dated 08.10.2018 and the supplementary Reports dated 16.01.2019, 01.02.2019, 15.03.2019, 08.05.2019 and 12.06.2019 have been received from the above Applicant (here-in­after referred to as the DGAP) after detailed investigation under Rule 129 (6) of the Central Goods & Services […]

Judgments in Favour of Revenue in Penny Stock Cases

December 10, 2019 20727 Views 1 comment Print

The provision for exemption of long term capital gains from shares requiring payment of securities transaction tax has been taken advantage by unscrupulous tax evaders. An organised tax evasion involving the brokers of stock exchanges, taxpayers and their consultants, entry operators and exist operators was in action for quite some time.

Anti-dumping duty on imports of Clear float glass

December 10, 2019 1761 Views 0 comment Print

Seeks to impose anti-dumping duty on imports of Clear float glass originating in or exported from Pakistan, Saudi Arabia and UAE in pursuance of Final findings of Designated Authority in sunset review of notification No. 48/2014-Customs (ADD) dated 11.12.2014 vide Notification No. 45/2019-Customs (ADD) dated 10th December, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT […]

Tamarind kernel falls under HSN Code 1207

December 10, 2019 912 Views 0 comment Print

In re Kalagarla Suryanarayana Son (GST AAR Andhra Pradesh) Whether Tamarind Seed attracts Nil Rate of Tax under HSN Code 1209 (Forest Trees Seed) or Not? Basic issue before us is whether Tamarind Seed attracts Nil Rate of Tax under HSN Code 1209 (Forest Trees Seed) or not. The appellant at the time of Personal Hearing admitted […]

GST Seva Kendras resolve complaints related to GST

December 9, 2019 1176 Views 0 comment Print

CBECMITRA, a pan-India helpdesk, a national toll-free number and GST Seva Kendras have been established to resolve taxpayer grievances relating to Goods & Service Tax (GST).

Taxability of Capital Gain in Case of Joint Development Agreement (JDA)

December 9, 2019 40836 Views 10 comments Print

Individuals/ HUF who enters Joint Development Agreement with the builder are liable to capital gains in the year in which the certificate of completion is issued by the competent authority.

Anti-Dumping Investigation on imports of “Mono Ethylene Glycol”

December 9, 2019 873 Views 0 comment Print

Case No. (O.I.) 21/2019 Initiation of Anti-Dumping Investigation concerning imports of Mono Ethylene Glycol originating in or exported from Kuwait, Oman, Saudi Arabia, UAE and Singapore.

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031