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Customs Valuation (Determination of Value of Imported Goods) Amendment Rules, 2017

September 26, 2017 14556 Views 0 comment Print

In exercise of the powers conferred by section 156 read with section 14 of the Customs Act, 1962 (52 of 1962), the Central Government, hereby makes the following rules to amend the Customs Valuation (Determination of Value of Imported Goods) Rules 2007, namely

Amendment in import policy condition of Urea

September 26, 2017 795 Views 0 comment Print

In addition to the existing STEs, M/s I and M/s NFL are permitted to import urea only for three months with effect from the date of this notification.

Generation of scrutiny notices in CASS-2017-reg.

September 25, 2017 3165 Views 0 comment Print

It is seen that till 25-09-2017, notices have not been issued in 2285 cases. These 2285 cases include 8 cases which are lying with inactive codes.

Concealment has to be checked with reference to return filed U/. 153A

September 25, 2017 1560 Views 0 comment Print

In the present case also the income returned by the assessee under section 153A of the Act has been accepted by the assessing officer and once the assessing officer accepts the revised return filed under section 153A of the Act, the original return under section 139 of the Act abates and becomes non-est. Therefore, in […]

Amendments to RBI Master Direction on Financial Services provided by Banks

September 25, 2017 1677 Views 0 comment Print

Considering the suggestions and queries received from SEBI, banks and other stakeholders, Reserve Bank of India has decided to make certain amendments to Master Direction – Reserve Bank of India (Financial Services provided by Banks) Direction No.DBR.FSD.No.101/24.01.041/2015-16 dated May 26, 2016. In pursuance of these changes, Para 5(a)(v) of the Master Direction on Financial Services provided by Banks is amended to read as under

MGST: Restriction of Refund on Corduroy fabrics

September 25, 2017 777 Views 0 comment Print

In exercise of the power conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) (hereinafter referred to as the said Act), the Government of Maharashtra, on the recommendations of the Council

Notification providing MGST exemption on various goods

September 25, 2017 852 Views 0 comment Print

The phrase brand name means brand name or trade name, that is to say, a name or a mark, such as symbol, monogram, label, signature or invented word or writing which is used in relation to such specified goods for the purpose of indicating, or so as to indicate a connection in the course of trade between such specified goods and some person using such name or mark with or without any indication of the identity of that person.

SEBI Clarification to Enhanced Supervision Circular

September 25, 2017 3813 Views 0 comment Print

SEBI vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016, has issued guidelines covering broad areas for enhanced supervision based on the recommendation of the committee constituted by SEBI. Further SEBI issued certain clarification vide circular CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 dated June 22, 2017

Penalty for non-display of GSTIN on Board, incorrect Invoice & on Composition dealers

September 25, 2017 36345 Views 0 comment Print

Every registered person shall display his certificate of registration at his principal place of business and at every additional place or places of business. It is also required to display his GSTIN on the name board which should be exhibited at the entry of his principal place of business and at every additional place or places of business.

At registration stage of a charitable trust u/s 12AA CIT not required to look its activities

September 24, 2017 1902 Views 0 comment Print

This appeal under Section 260­A of Income Tax Act, 1961 (hereinafter referred to as the Act, 1961) has arisen from judgment and order dated 12.04.2017 passed by Income Tax Appellate Tribunal, Lucknow Bench A, Lucknow (hereinafter referred to as the Tribunal) in ITA No. 492/LKW/2016.

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