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Levy of Fees (Customs Documents) Amendment Regulations, 2018

July 27, 2018 2784 Views 0 comment Print

CBIC notifies Levy of Fees (Customs Documents) Amendment Regulations, 2018 vide Notification No. 64 /2018- Customs (N.T.) Dated: 27th July, 2018.

Campus Placements for May 18 Qualified Chartered Accountants (CAs)

July 27, 2018 5862 Views 0 comment Print

Campus Placement Programme for Newly Qualified Chartered Accountants August-September, 2018. Registration for May’18 pass out candidates begins on and from 24th July 18.

ICAI submits 26 Post Budget suggestions related to Income Tax

July 26, 2018 2760 Views 1 comment Print

POST-BUDGET MEMORANDUM – 2018 1. INTRODUCTION 1.0 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Post-Budget Memorandum to the Government. 1.1 In this memorandum, we have suggested certain amendments to the proposals contained in the Finance Bill, 2018 which would help the Government to achieve the […]

Customs officers have no jurisdiction to seize goods in SEZ

July 26, 2018 2160 Views 0 comment Print

We hold that the Customs officers have no jurisdiction on the appellant to seize the goods in S.E.Z. area therefore seizure of the goods in question is set aside. Consequently, no demand can be confirmed against the appellants. Therefore the confiscation of the impugned goods is also set aside.

No Service Tax on sell of study material to students of coaching centers

July 26, 2018 3582 Views 0 comment Print

M/s Smart Value Products & Services Ltd. Vs Commissioner of Central Goods & Service Tax (CESTAT Allahabad) Facts of the case are not in dispute that the coaching centers are registered coaching center and provide services to their students. The coaching centers are also private limited companies and having separate identity known by the Registrar […]

CBIC notifies CGST exemption on certain services from 27th July, 2018

July 26, 2018 12306 Views 0 comment Print

Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services from CGST with effect from 27th of July, 2018 vide Notification No. 14/2018-Central Tax (Rate), Dated: 26th July, 2018.

Revised CGST rates on various services WEF 27th July, 2018

July 26, 2018 29640 Views 1 comment Print

CBIC notifies CGST rates of various services vide Notification No. 13/2018-Central Tax (Rate) Dated: 26th July, 2018 with effect from 27 th of July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018.

DGFT allows Chapter 3 duty credit scrips for debit for import of items

July 26, 2018 1122 Views 0 comment Print

(To be published in the gazette of India extraordinary part-1 section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 24/2015-2020 New Delhi, dated: 26th July, 2018 Subject: Removal of all items from the Appendix 3A of the Handbook of Procedures, 2015-20. F. No. 01/61/180/32/AM19/PC-3.:- In […]

Income Tax cannot be recovered during Liquidation Process under IBC

July 26, 2018 20697 Views 0 comment Print

Leo Edibles & Fats Limited Vs TRO (Central) (Andhra Pradesh HC) Section 178 of the Act of 1961 is titled ‘Company in liquidation’. Under sub-section (1) thereof, the liquidator of a company which is being wound up, or a person who is appointed as a Receiver of the assets of such company has to give […]

Activity of pooling (amalgamation) of individual parcels of land is not a supply

July 26, 2018 2124 Views 2 comments Print

In re Gowra Ventures Pvt Ltd. (GST AAR Telangana) 1. Whether in the facts and circumstances the pooling of land by way of amalgamation of the separate parcels viz Land 1 and Land 2 as described in the ‘Statement of relevant facts’ would constitute a supply under the Central Goods and Services Tax Act, 2017and […]

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