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Export Policy of Onions- Imposition of Minimum Export Price (MEP)

December 29, 2017 648 Views 0 comment Print

Export of all varieties of onions as described above will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 850 F.O.B. per Metric Ton till 20.01.2018.

Addition for Unutilized Cenvat Credit in absence of income element is ubjustified

December 29, 2017 1314 Views 0 comment Print

Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) comprising of Judicial Member S.S.Godara and Accountant Member Pramod Kumar has deleted the addition under the Income Tax Act in respect of unutilized CENVAT credit.

Notification No. 21/2017-Customs (N.T./CAA/DRI), Dated: 29.12.2017

December 29, 2017 906 Views 0 comment Print

Notification No. 21/2017-Customs (N.T./CAA/DRI) In pursuance of notification No. 60/2015-Customs (N.T.), published vide G.S.R. 453(E), dated 4th June, 2015 in Gazette of India, Extraordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E), dated 30th November, 2015

Notification No. 20/2017-Customs (N.T./CAA/DRI), Dated: 29.12.2017

December 29, 2017 717 Views 0 comment Print

Notification No. 20/2017-Customs (N.T./CAA/DRI) In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June, 2015 in Gazette of India, Extraordinary, Part II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E), dated 30th November, 2015 in Gazette of India

TRAN-01 & Table 6A of Form GSTR-1 disabled wef 28.12.2017

December 28, 2017 8565 Views 5 comments Print

As per information received from GSTN, It is informed that links related to following forms, have been disabled on GST Portal w.e.f. 28.12.2017

25 New FAQs on GST replied by GOI on 28.12.2017

December 28, 2017 19083 Views 1 comment Print

Registered as Composition dealer in UP VAT & Now as Regular in GST regism, how to claim LTC on TAX PAID stock in hand as on appointed date.

MS Office software License Purchase Expense is Revenue Expense

December 28, 2017 18675 Views 0 comment Print

It is not in dispute that the assessee purchased MS Office software and used the same in its business. By purchasing MS Office software, the assessee has not become owner of the software. The ownership of MS Office software remained with Microsoft company.

Exposure Draft of Preface to Framework & Standards on Internal Audit

December 28, 2017 813 Views 0 comment Print

EXPOSURE DRAFT PREFACE TO THE FRAMEWORK AND STANDARDS ON INTERNAL AUDIT* (Last date for comments- January 17, 2018) The Internal Audit Standards Board of The Institute of Chartered Accountants of India (ICAI) invites comments on proposed revision to the Preface to the Framework and Standards on Internal Audit. Comments are most helpful if they indicate […]

Notification No. 119/2017-Customs (N.T.), Dated: 28.12.2017

December 28, 2017 3498 Views 0 comment Print

NOTIFICATION No. 119/2017-Customs (N.T.) In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby directs that each of the notifications of the Government of India, Ministry of Finance (Department of Revenue), specified in column (2) of the Table shall be amended in the manner as specified in the corresponding entry in column (3) of the said Table, namely

IBBI grants recognition to two Registered Valuers Organizations

December 28, 2017 1017 Views 2 comments Print

In pursuance to the Companies (Registered Valuers and Valuation) Rules, 2017, the Insolvency and Bankruptcy Board of India (IBBI) has recognized today the following two Registered Valuers Organizations:

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