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Rate of exchange of conversion of foreign currency WEF 22.09.2017

September 21, 2017 1089 Views 0 comment Print

Rate of exchange of conversion of the foreign currency with effect from 22th September, 2017- Notification No. 90/2017 – Customs (N.T.) dated: 21th September, 2017

GSTN system is not working upto level & needs correction: Rajasthan HC

September 20, 2017 2478 Views 1 comment Print

Looking to the averments which are made in the petition and the reply which has been filed, it appears that the system is not working upto the level and the same is required to be corrected & updated to meet requirements.

Lodging of tax arrear claims and impleading as a party before NCLTs

September 20, 2017 1224 Views 0 comment Print

The Directorate looks after the cases of sick companies which require rehabilitation/ resolution of sickness. Previously the sick companies used to move Board for Industrial and Financial Reconstruction (BIER) under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

DGFT notifies important changes in the Duty Exemption Schemes

September 20, 2017 1395 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendments in Hand Book of Procedures 2015-2020 as under

Addition U/s. 69 justified for Excess gold recovered from employees

September 20, 2017 840 Views 0 comment Print

Where assessee did not explain satisfactorily about excess gold found from his employee’s possession, addition made under section 69 was as such, rightly made.

ICAI: Shifting from one Elective Paper to another under Revised Scheme of Education and Training

September 20, 2017 1074 Views 0 comment Print

Students of Final (New) Course may please note that under the Revised Scheme of Education and Training, the students will be required to opt one of the following Electives papers and the examination of these Electives will be Open Book and Case Study based.

GST : Composition Scheme can be availed till September 30, 2017

September 20, 2017 5520 Views 2 comments Print

GST : Small Traders/Manufacturers/Restaurants can now opt for availing the Composition Scheme till September 30, 2017 You can now opt for availing the Composition Scheme till 30th September, 2017 and avail its benefits from 1st October, 2017. Those with annual turnover upto Rs. 75 Lakh* can opt for Composition Scheme in which case the tax […]

Perfection And Excellence Is Lacking In Legal Profession: Delhi HC

September 18, 2017 702 Views 0 comment Print

Perhaps, it is because of the said grounds having been allowed by the Courts to prevail, that perfection and excellence is lacking in the legal profession and mediocrity has set in.

Books of accounts cannot be rejected merely at the instance of assessee

September 18, 2017 6204 Views 0 comment Print

During the course of assessment proceedings, in response to each of the queries raised by the assessing officer in relation to observations of the special auditor, the assessee has repeatedly stated that his books of account should be rejected as done in past assessment years.

Anti dumping duty on New/unused pneumatic radial tyres- Reg.

September 18, 2017 1368 Views 0 comment Print

Notification No. 45/2017- Customs (ADD)- Levy of anti dumping duty on New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16 originating in, or exported from China PR

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