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e-NPS Govt offers ease & convenience in account opening for NPS Subscribers

November 30, 2022 990 Views 0 comment Print

e-NPS Govt provides the opportunity for the employees of Government Sector and empowers them to open NPS Acct with ease and lot of convenience in a paperless mode.

Tariff Notification No. 100/2022-Customs (N.T.) | Dated: 30.11.2022

November 30, 2022 966 Views 0 comment Print

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Notification No. 100/2022-Customs (N.T.) | Dated: 30th November, 2022 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi Notification No. 100/2022-Customs (N.T.) | Dated: 30th November, 2022 09 AGRAHAYANA, 1944 (SAKA) S.O. 5543(E).– […]

ITC of ST paid on manpower supply services used for providing canteen facility not eligible

November 29, 2022 11115 Views 0 comment Print

Whether Input Tax Credit (ITC) of the GST charged by the Service Provider would be eligible for availment to the Applicant? Applicant not eligible to avail Input Tax Credit of ST paid on manpower supply services used for providing canteen facility.

Non-appointment of CS as registered office of Company was in undeveloped small township – Penalty reduced

November 29, 2022 921 Views 0 comment Print

After that due to Covid-19 pandemic as well as due to registered office of the Company situated at a far off remote place i.e. in Anantapur is an undeveloped small township in Andhra Pradesh, none of the persons shown interest for appointment of Company Secretary and it became difficult on the part of the Company to appoint a Whole Time Company Secretary.

Section 43B not applies to provisions of section 36(1)(va) in respect of employees contribution

November 29, 2022 3084 Views 0 comment Print

SC held that the provisions of section 43B would not apply to the provisions of section 36(1)(va) of the Act in respect of employees contribution.

CBIC Amends notification no. 47/2022–Customs (N.T.), dated 31.05.2022

November 29, 2022 2610 Views 0 comment Print

Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022 –  vide Notification No. 98/2022-Customs (N.T.), Dated: 29.11.2022. CBIC exempts from maintaining deposits in ECL under Customs Act w.e.f. June 01, 2022 has been extended upto March 31, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification […]

Integration of ICEGATE with AQCS-ICS effective 01.12.2022

November 28, 2022 3729 Views 0 comment Print

Under SWIFT, the FSSAI and PQ are connected through online message exchange with their own systems, while the remaining four PGAs use ICES for providing online NoC. Further, vide Circular No. 01/2017-Cus dated 04.01.2017, the facility for automatic routing of Bills of Entry (BOEs) of WCCB for NoC in exports in SWIFT was introduced.

Proceedings u/s 153C in absence of any incriminating material is bad in law

November 28, 2022 2382 Views 0 comment Print

In the present search and impugned assessment proceedings no new / hidden fact has come to light. The learned assessing officer has only changed the opinion and has now sought to tax the receipts in the year of receipt as against the year of registration. Thus, the additions in the impugned order are purely based on a change in legal opinion and not on any ‘incriminating material’.

Reopening of assessment on Mere audit opinion not valid

November 28, 2022 3936 Views 0 comment Print

Mobis India Limited Vs DCIT (Madras High Court) Hon’ble Supreme Court way back in 1979, in Indian and Eastern News Paper Society, put the issue beyond any pale of doubt by holding that the opinion on law rendered by an audit party cannot be the basis for exercising the power of reassessment. Evaluation of law […]

3 Basic Benefits of current account for businesses

November 28, 2022 2571 Views 0 comment Print

A current account is a type of bank account where you can deposit and withdraw money. This is helpful if you want to access your money when you want to. You can also use a current account to make online purchases or to receive payments.

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