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Prosecution under PMLA cannot be dropped for Acquittal by ICAI Disciplinary Committee

August 2, 2017 1440 Views 0 comment Print

The findings of the Disciplinary Committee by no stretch of imagination can be said to be binding on the criminal court where the accusation is to be proved on the basis of evidence adduced before it in accordance with law. Moreover, the findings do not render the substratum of accusation of conspiracy between the petitioner and the other accused persons in extending unjustified financial assistance to the borrowers in the instant case patently absurd or inherently improbable

Charter of Functions of Directorate General of GST

August 2, 2017 3600 Views 0 comment Print

Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of Goods and Services Tax. Research and analysis of (a) Subjects relevant to GST; (b) Best practices in global environment; (c) Database and issues relating to collection of CGST, IGST and SGST.

Implementation of GST in Customs-Changes in S/B Declaration-reg

August 2, 2017 2109 Views 0 comment Print

In respect of the cases where export goods had been cleared from factory, warehouse, etc. prior to 1.7.2017 but let export order has not been issued before 1.7.2017. Such goods are not supplies under GST and accordingly, said Note and Condition 12A is not applicable.

Proforma for issue of Certificate of Origin for Export of Muli-bamboo & bamboo products:

August 2, 2017 2958 Views 0 comment Print

Proforma for obtaining Certificate of Origin (COO) for export of (i) Muli bamboo(Melconna baccifera); and (ii) Bamboo products made from bamboo obtained from legal source (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) has been notified.

17 FAQs related to GST on Handicrafts

August 1, 2017 4287 Views 0 comment Print

All imports will be deemed as inter-State supplies for the purposes of levy of GST. IGST is leviable on imports in addition to other duties of customs. Full set-off will be available as ITC of the IGST paid on import on goods and services

Order No. 128/2017 Transfer / Postings (Local Changes) in CIT Grade

August 1, 2017 1680 Views 0 comment Print

ORDER NO. 128 OF 2017 The following postings/ transfers in the grade of Commissioner of Income Tax (Local Changes) are, hereby, ordered with immediate effect and until further orders: –

Order No. 127/2017 Transfers & Postings (Local changes) in Addl./Joint CIT grade

August 1, 2017 1023 Views 0 comment Print

The following postings/ transfers in the grade of Additional / Joint Commissioner of Income Tax (Local Changes) are, hereby, ordered with immediate effect and until further orders:

Order No. 126/2017 Transfer / Postings (Local Changes) in DCIT/ACIT grade

August 1, 2017 1176 Views 0 comment Print

ORDER NO. 126 OF 2017 The following postings/ transfers in the grade of Additional / Joint Commissioner of Income Tax (Local Changes) are, hereby, ordered with immediate effect and until further orders:

Procedure for drawing of samples of Zink Ash/ Skimming in powder & lump form (metallic portion) classifiable under tariff heading 2620-reg

August 1, 2017 1299 Views 0 comment Print

Recently, instances have been noticed wherein samples of Zinc ash/ skimming received by DYCC Lab, JNCH, Nhava Sheva are often in powder form without containing any material in lump form which results in showing lower metallic Zinc content and other restrictive pollutants such as Lead, Cadmium etc. when analyzed by the DYCC.

ICAI President’s Message – August 2017

August 1, 2017 1542 Views 0 comment Print

Barring all apprehensions, the GST roll out finally saw the light of the day on 1st July 2017 paving the way towards the goal of One Nation-One Tax-One Market.

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