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Online Change of Centre/Group/Medium to appear in CA exam

September 5, 2019 3876 Views 0 comment Print

An on-line facility, for making requests for change of Centre/Group/Medium for appearing in CA exams is in place since May 2015 examination and onwards.

15 Issues and Suggestions for Compliance of Income Tax Laws

September 4, 2019 8727 Views 0 comment Print

Tax Bar Association, Guwahat has made a representation on Compliance of Income Tax Laws Regarding CPC,  Regarding TDS/TCS, Regarding CIT (Appeals), Settlement of Past Disputes (TDS), Regarding ITR and Other Forms, Exempted income specially in context of N E Region & Agricultural Income, E-assessments, Compliance, Special tax incentives for NE States, Deduction u/s 80DD/ 80U, […]

External Benchmark Based Lending

September 4, 2019 651 Views 0 comment Print

It has now been decided to link all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro and Small Enterprises extended by banks with effect from October 01, 2019 to external benchmarks.

DGFT notifies SION for “Cocoa Butter” in Food Product Group

September 4, 2019 594 Views 0 comment Print

DGFT hereby notifies a new SION with Serial Number E-135 in Food Product Group for export product Cocoa Butter vide Public Notice No. 30/2015-2020 dated 4th September, 2019.

DGFT invites Applications invited for recognition as PSIA

September 4, 2019 729 Views 0 comment Print

DGFT invites Applications for recognition as Pre-shipment Inspection Agencies (PSIA) vide Trade Notice No.20/2019-2020 dated 4th September, 2019. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi 4th September, 2019 Trade Notice No. 30/2019-2020 To, 1. RAs of DM 2. Members of Trade Reference […]

AO not justified in reopening based on mere report of investigation wing without independent application of mind

September 3, 2019 4779 Views 0 comment Print

M/s. Neelkanth Plywood Pvt. Ltd. Vs Income Tax Officer (ITAT Delhi) A perusal of the reasons for reopening of the case for the impugned assessment year, copy of which is placed at paper book page No. 20-21 shows that the reopening was made on the basis of the report of the investigation wing and there […]

Assessee cannot be treated as defaulter for Shortfall TDS deduction

September 3, 2019 1047 Views 0 comment Print

There is nothing in section 40(a)(ia) to treat assessee as a defaulter where there is shortfall in deduction of TDS and if the shortfall is due to any difference of opinion as to taxability of any item or the nature of payment falling under various TDS provisions, the assessee can only be declared to be an assessee-in-default under section 201 and no disallowance could be made.

18% GST on earthwork (Excavation in soil, hard rock excavation etc.)

September 3, 2019 78222 Views 0 comment Print

In re M/s Ashok Kumar Choudhary (GST AAR Rajasthan) What shall be rate of GST on activity of sub-contract for earthwork in relation to construction of access controlled Nagpur-Mumbai Super Communication Expressway (Maharashtra Samruddhi Mahamarg)? We find that the activity carried out by the applicant does not involve supply of goods whatsoever in any manner […]

ITC not eligible on supply of plant and equipment for lighting of plant road, boundary wall and watchtower

September 3, 2019 5667 Views 0 comment Print

In re NMDC Limited (GST AAAR Chhattisgarh) In the instant case, Structures/towers meant for Lighting for Plant Road, Boundary Wall and Watch tower can in no way be related to the outward supply of goods. As per Section 2(83) of CGST Act, 2017 “outward supply” in relation to a taxable person, means supply of goods […]

ITC not eligible on laying of private Railway Siding

September 3, 2019 5364 Views 0 comment Print

1. Whether input tax credit can be availed for civil and railway allied works in connection with the laying of private Railway Siding? 2. Whether input tax credit can be availed on signaling & telecommunication system, mechanical and structural works in relation to Railway Siding? 3. Whether input tax credit can be availed on execution of P-Way, Civil, over head electrification, general electrical and signaling & telecommunication works for the proposed block station yard in relation to private Railway Siding?

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