Where no satisfaction had been recorded by the AO for initiation of penalty in the assessment order the same cannot invite the assessee to penalty under section 271(1)(c)
Article explains how to Request for Nil/Lower Deduction/Collection Certificate (Form 13) by Resident (Covered under Rule 28AB of Income Tax Rules, 1962), Resident (Not Covered under Rule 28AB of Income Tax Rules, 1962), Non Resident and Non Ordinarily Resident. Article also explains about Form 13 Submission with Mobile OTP. It further includes Important Information of […]
Shri Navneet Gupta Vs M/s Bharti Telemedia Pvt Ltd. (NAA) It was submitted that the tax incidence on DTH services prior to GST implementation was subjected to Entertainment Tax which ranged between 10% to 25% in various States, in addition to 15% Service Tax, whereas on introduction of GST, the tax rate came down to […]
In re Harmilap Media (P) Ltd. (GST AAR Uttarakhand) (a) applicability of GST rate on selling of space/ time for advertisement in print media in case of advertising companies; Selling of space for advertisement in print media by advertising company/ agency shall attract GST @ 5% [2.5% CGST + 2.5% SGST] in case of advertising […]
In the Section A – Directions on Governance of domestic CCPs authorised to operate in India by the RBI, the upper age limit for appointment of Managing Director, Director, Nominee Director, Independent Director and Chairperson was stipulated as 65 years.
In the upcoming GST Council Meeting ,the finance ministry might propose threshold limit of turnover Rs 50 crore for generating E-invoice on a centralized government portal for business-to-business (B2B) sales which might be beneficial for entities as well as for government as follows- Entities with turnover above Rs 50 crore would be saved from the […]
The rate at which MEIS benefits for export of `Onions Fresh or Chilled’ under ITC (HS) code 07031010 is granted under the FTP has been made zero (0%) from the current 10% with immediate effect. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 09/2015-2020-DGFT Dated the […]
Notification No. 23/2019-Customs (ADD) dated 11.06.2019 seeks to extend the levy of anti dumping duty imposed on ‘PVC (Resin) suspension grade’ imported from China, Thailand and USA till 12th August, 2019- Notification No. 23/2019-Customs (ADD) Dated 11th June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23/2019-Customs (ADD) New Delhi, the […]
The banks are advised to pass on the benefits to their customers for undertaking transactions using the RTGS and NEFT systems with effect from July 1, 2019.
Seeks to extend levy of anti-dumping duty till 24.06.2019, on imports of ‘Paracetamol’ originating in or exported from china PR, imposed vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018,in pursuance order of Hon’ble High Court of Gujarat in the matter of SCA 5278/2019. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, […]
