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Tariff Notification No. 101/2017-Customs (N.T.) dated 31.10.2017

October 31, 2017 1569 Views 0 comment Print

Notification No. 101/2017-CUSTOMS (N.T.) Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Invocation of rule 8D justified if exempt income is earned

October 30, 2017 828 Views 0 comment Print

Outsource Partners International (P.) Ltd. Vs DCIT (ITAT Bangalore) It was not a case where no exempted income is earned and AO applied rule 8D for as rule 8D of Income Tax Rules takes care of all aspects of interest bearing funds and interest free funds and expenditure incurred in management of portfolios, etc., once […]

GST Advance Ruling Authority cannot admit application on ‘place of supply’ issue

October 30, 2017 1836 Views 0 comment Print

In re M/s. Pon Pure Chemical India Pvt. Ltd. (AAR Gujarat) (i) Whether the authority is within jurisdiction to admit application especially on the issue of ‘place of supply’? As the ‘place of supply’ is not covered by Section 97(2) of the Acts, this authority is helpless to answer the questions raised in the application, […]

Procedure for clearance of Toys under Warehouse Bill of Entry

October 30, 2017 1200 Views 0 comment Print

It has been represented by the trade that it will take time for testing of toys from an independent laboratory which is accredited by NABL, India. They requested to allow warehousing of the toys to avoid the detention and demurrage.

Section 43(5) CBDT notifies Indian commodity Exchange limited

October 30, 2017 2499 Views 1 comment Print

Notification No. 91/2017 U/s 43 (5) of IT Act 1961 Central Government notifies Indian commodity Exchange limited (PAN:AABCI9419D) as a ‘recognized association’

HC on allowability of deduction U/s. 10A / 10B on Interest Income

October 30, 2017 4434 Views 0 comment Print

CIT Vs. Hewlett Packard Global Soft Ltd (Karnataka High Court) (Full Bench) HC held that assessee was entitled to 100% exemption or deduction under Section 10-A of the Act in respect of the interest income earned by it on the deposits made by it with the Banks in the ordinary course of its business and […]

Sec. 254(2) amendment applies to orders passed after 01/06/2016

October 29, 2017 2094 Views 0 comment Print

These Miscellaneous Applications are filed by the assessee seeking rectification of mistake apparent on the record in the order dated 06/09/2013 passed by the Tribunal while disposing of bunch of appeals filed by the department.

Revised Form GST TRAN-1 filing due date extended to 30th November 2017

October 28, 2017 3246 Views 1 comment Print

Commissioner, on the recommendations of the Council, hereby extends the period for submitting the declaration in FORM GST TRAN-1 with revision till 30th November, 2017.

FORM GST TRAN-1 filing due date extended to 30th November 2017

October 28, 2017 6648 Views 1 comment Print

Commissioner, on the recommendations of the Council, hereby extends the period for submitting the declaration in FORM GST TRAN-1 till 30th November, 2017.

FORM GST REG-26 filing due date extended to 31st December 2017

October 28, 2017 2673 Views 2 comments Print

Commissioner, on the recommendations of the Council, hereby extends the period for submitting electronically the application in the FORM GST REG- 26 till 31st December 2017

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