Attention of all the officers working in the Assessment Groups and CFS/Docks under the jurisdiction of NS-I to V Commissionerates is invited to the following guidelines with regard to expeditious clearance of goods:
As per the said Board’s Circular No. 21/ 2016-Customs, ‘security’ is to be furnished for seeking extension in warehousing period for storage of sensitive & non-sensitive goods by way of furnishing Bank Guarantee inter alia subject to certain conditions mentioned at Para 4 of the said Circular.
Taxpayers can visit GST Portal to see list of Documents Required for Registration, for registering on the Portal. Path to be followed is
It is a fact that political parties cannot receive contribution from any foreign source as defined under Clause (c) of Section 2 of the FCRA, 1976. Section 29 B of the Representation of the Peoples Act, 1951 also prohibits political parties from receiving foreign contributions.
The provisional figures of Direct Tax collections up to February, 2018 show that net collections are at Rs. 7.44 lakh crore which is 19.5% higher than the net collections for the corresponding period of last year.
It is proposed to have a campaign for going paper-free during the next two months, namely, March and April, 2018 with focus on verifying AADHAAR for the members so that all claims are received online avoiding submission of paper-claims
One of the major categories under which, claim for GST refund may arise would be, on account of exports. All exports (whether of goods or services) as well as supplies to SEZs have been categorised as Zero Rated Supplies in the IGST Act.
Scope of Section 254(2) to rectify mistake apparent from record is very limited and tribunal cannot review its own decisions within limited scope of Section 254(2) unless there is a mistake apparent from records neither it is shown that tribunal order is perverse not sustainable in the eyes of law.
Section 54F do not prescribe any condition as to the date of commencement of construction of new house property, meaning thereby that the construction of house property may be commenced even before the date of transfer of original asset.
A perusal of the assessment order shows that the assessee has surrendered the income, explained the manner in which it was earned and has paid the taxes due thereon. Therefore, the assessee has fulfilled all the conditions laid down in Section 271AAA for non-levy of penalty under the said provisions. Even otherwise also, it is an admitted fact that no search has taken place in the premises of the assessee and, therefore, provisions of Section 271AAA are not at all applicable.
