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Reopening based on mere Tax Audit report Filed during Scrutiny Proceedings is Invalid

March 19, 2018 2550 Views 0 comment Print

Mahanadi Coalfields Ltd. Vs. ACIT, (ITAT Cuttack) In the present case found that thee Assessing Officer has initiated reassessment proceedings on the same facts which were available before him at the time of making assessment u/s.143(3) of the Act and no new tangible material has come on the basis of which it could be said […]

CENVAT Credit available on Construction Service commenced and provided before 1.4.2011

March 19, 2018 2244 Views 0 comment Print

M/s. Navin Fluorine International Ltd. Vs. CCE (CESTAT Delhi) It is clear that show cause proceedings were initiated only on the ground that the amended Cenvat Credit Rules excluded the construction services as eligible input service. The appellant took credit on 30.04.2011 whereas the amendment was carried on 1.4.2011. It is nobody’s case that the […]

GST applicable on Supply of motor vehicles as scrap after its usage in business: AAR

March 19, 2018 30645 Views 2 comments Print

Whether supply of such motor vehicles as scrap after its usage can he treated as ‘supply’ in the course or furtherance of business and whether such transaction would attract GST? If yes, please provide the rate of GST and/or Compensation Cess.

Analysis of Refund Available Under GST and Process Thereof

March 19, 2018 32661 Views 3 comments Print

A. General conditions for claiming refund As per section 54(4), the application shall be accompanied by— (a) documentary evidence to establish that a refund is due to the applicant; and (b) such documentary or other evidence to establish that the amount of tax etc. was collected from, or paid by applicant and the incidence of it had not been passed on to any other person.

The Benami Law

March 19, 2018 3678 Views 0 comment Print

The Benami Transactions (Prohibition) Amendment Act, 2016 (PBPT Act) which came into effect from 01st November 2016, after amending the 28-year-old law which was also called the Prohibition of Benami Property Transactions Act, 1988.

Declaration of Vijayawada Airport as Customs Airport

March 19, 2018 1524 Views 0 comment Print

Declaration of Vijayawada Airport as Customs Airport; amendment of Notification No. 61/94(NT)- CUSTOMS date 21st November, 1994

Empanelment for concurrent audit with Gopalganj Central Co-operative Bank

March 17, 2018 2115 Views 0 comment Print

The Gopalganj Central Co-operative Bank Ltd., Gopalganj, At- Post office Chowk, P.o+Distt- Gopalganj invites sealed tender under two bid system from Chartered Accountant Firm for concurrent audit for F.Y.- 2018-19 of its 16(sixteen) branches, 1(One) extention counter along with Head Office on following terms & Conditions:-

e-way bill system for inter-State movement of goods from 1st April, 2018

March 16, 2018 2979 Views 0 comment Print

As you are aware, the 26th meeting of the GST Council was held on 10th March, 2018 wherein certain recommendations have been made. In this meeting it was decided that e-way bill system for inter-State movement of goods across the country would be implemented from 1st of April, 2018

India’s Growth Story Since 1990s Remarkably Stable & Resilient: World Bank

March 16, 2018 1236 Views 0 comment Print

The Indian economy is set to revert to its trend growth rate of 7.5 percent in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a new World Bank report says.

Anti-dumping duty on imports of ‘Ofloxacin’

March 15, 2018 1029 Views 0 comment Print

Seeks to impose anti-dumping duty on imports of ‘Ofloxacin’ originating in or exported from China PR – Whereas, in the matter of import of Ofloxacin (hereinafter referred to as the subject goods) falling under the tariff item 3004 20 34 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act)

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