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Import of Nicotinic Acid & Nicotinamide – NOC condition removed

February 15, 2019 789 Views 0 comment Print

Till now, import of Nicotinic Acid & Nicotinamide (Niacinamide/ niacin) was ‘Free’ subject to No Objection Certificate (NOC) from Narcotics Commissioner, Gwalior, before import of the item. For import of Nicotinic Acid & Nicotinamide (Niacinamide/ niacin, this Policy Condition is being removed with immediate effect.

CESTAT Appeals without Mobile No. email ID Parties Counsel treated Defective

February 15, 2019 1506 Views 0 comment Print

Appeals filed before CESTAT Bench shall contain the mobile number and e mail address of the asseessee and their counsel whether they are appellant or respondent in the appeal memo. Appeals without the above required details will be considered as defective appeals.

When petitioner was not a fly by night operator, why bank accounts attached: HC ask Dept

February 15, 2019 906 Views 0 comment Print

Mono Steel India Ltd. Vs State of Gujarat (Gujarat High Court) 1. Mr. Paresh Dave, learned advocate for the petitioner has submitted that for recovery of a sum of rupees three crore and odd, six bank accounts of the petitioner have been provisionally attached by issuing notices under section 83 of the Gujarat Goods and […]

3 New Functionality / Improvement on GST Portal

February 14, 2019 2628 Views 0 comment Print

GST Registration– For Taxpayer Suo-moto cancelled taxpayers were not able to file revocation of cancelled registration application, as they were asked to file return after the month (also), in which cancelation order was issued (till filing of this application) and same (the later months) was also not shown in drop down list for filing. This […]

Finance Bill, 2019 passed by Lok Sabha

February 14, 2019 6408 Views 0 comment Print

Finance Bill 2019 is passed by Lok Sabha on 12.02.2019 and Text of the same is as follows:- AS PASSED BY LOK SABHA ON 12-2-2019 Bill No. 5-C of 2019 THE FINANCE BILL, 2019 A BILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to […]

AAR cannot decide if Decision of GST Council for which no notification been issued is binding on department or not?

February 13, 2019 1335 Views 0 comment Print

A ruling on whether the decision of the GST Council granting the exemption is binding on the Department in the absence of non-issuance of corresponding Notification by the Central/State Government is not within the competence and mandate of the Authority of Advance Ruling constituted u/s 96 of the OGST Act.

Notification No. 10/2019-Customs (ADD) Dated: 12th February, 2019

February 12, 2019 753 Views 0 comment Print

Notification No. 10/2019-Customs (ADD)- Seeks to amend notification No. 35/2018-Customs (ADD) dated 9th July, 2018 to amend the name of exporters at S. Nos. 1 and 2 of the duty table.

Notification No. 8/2019-Customs (ADD) Dated 12th February, 2019

February 12, 2019 603 Views 0 comment Print

Central Government, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 61/2015- Customs (ADD), dated the 11th December, 2015, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 955(E), dated the11th December, 2015, namely:-

HC reduces penalty for minor lapses in E-way bill to Rs. 5000 from Rs. 18.96 Lakh

February 12, 2019 10173 Views 0 comment Print

Tvl. R K Motors Vs State Tax Officer (Madras High Court) It is also not in dispute that the bill is addressed only to the writ petitioner’s principal office at Sivakasi; delivery alone is to be made at Virudhunagar. I am of the view that even if by mistake, a wrong instruction had been given to the driver of the vehicle to head towards Sivakasi. Still it would not really matter. The only question that the respondent ought to have posed is […]

Using Information Available at IU Platform for External Confirmations

February 12, 2019 966 Views 0 comment Print

Standards on Auditing (SAs) recognize the importance of ‘External Confirmations’ as audit evidence. Relevant extracts of some SAs regarding external confirmations are reproduced below.

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