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Rate of GST on getting tobacco leaves re-dried without getting them threshed

March 11, 2019 3693 Views 0 comment Print

In re K.S Subbaih Pillai & Co (India) Private Limited (GST AAR Andhra Pradesh) (a) What is the rate of GST applicable on tobacco leaves procured at tobacco auction platforms or directly from farmers, which are cured and dried by -farmers themselves? The GST Rate of tax for the tobacco leaves procured at tobacco auction […]

Discontinuation of physical copy of Advanced/EPCG Authorisation – Procurement from SEZs

March 11, 2019 3333 Views 0 comment Print

In case of procurement from SEZs, TRA facility shall be operated by RAs of DGFT as outlined below. The request for TRAs from EDI ports to SEZs shall be made to the concerned RA.

No property tax for small houses (carpet area less than 500 sq.ft) in Mumbai

March 10, 2019 22584 Views 11 comments Print

Mumbai Muncipal Corporation shall not levy property tax leviable under this clause, on residential buildings or residential tenements, having carpet area of 46.45 sq. meter (500 sq. feet) or less.

Deduction U/s. 80P not allowable to Co-operative society if it provides Credit facility to other than members

March 9, 2019 4581 Views 0 comment Print

Where assessee-society was engaged in activity of finance business and was also engaged in activity of granting loans to general public as well, it could not be termed as co-operative society meant only for its members and providing credit facilities to its members, hence assessee was not entitled to deduction under section 80P.

Order No. 49 of 2019- Promotion in the grade of Pr. CCIT

March 9, 2019 3276 Views 0 comment Print

Office Order No. 49 of 2019 Consequent upon the approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Chief Commissioner of Income Tax (level 17 in the pay matrix Rs.2,25,000) on in-situ basis with effect from the date of assumption of charge of the post or until further orders:

Physical Submission of Audit Report in Form 704 for F.Y. 2017-18

March 8, 2019 5853 Views 1 comment Print

In case of some of the dealers, form e 704 was uploaded on a date. and, acknowledgment of the same was received after 3 to 4 days. However, date of uploading mentioned on the acknowledgment received was later date on which the pdf acknowledgement of form 704 received by the dealer

CBDT notifies M/s Elbit Systems Limited u/s Section 10(10)(iii)

March 8, 2019 978 Views 0 comment Print

Central Government hereby specifies that any income arising to the foreign company namely, M/s Elbit Systems Limited, Corporate Headquarters, Advanced Technology Center, P.O.B. 539, Haifa 31053, Israel, by way of royalty or fees for technical services received

Endorsement copies of ARE-3 cannot be treated as final proof of export

March 8, 2019 1119 Views 0 comment Print

In re M/s Indian Oil Corporation Ltd. (GST AAAR West Bengal) The Appellant has admitted that the NOC issued PDO (Product Delivery Order) on Raxaul Depot of the IOCL which is actually the supply point of the products. And the Appellant’s Raxaul unit prepared and submitted ARE-1 (Application for Export) to the Customs Authority for […]

Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019

March 8, 2019 945 Views 0 comment Print

These rules may be called the Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019.(2) They shall come into force on the date of their publication in the Official Gazette.

No Mandatory Training for Renewal of CoP to Cost Accountants

March 8, 2019 804 Views 0 comment Print

The Institute of Cost Accountants of India has amended its recent notification and rectified its mistake due to which it was mandated Training for Renewal of CoP to Cost Accountants while its was intended for Issue of certificate of practice (CoP) THE INSTITUTE OF COST ACCOUNTANTS OF INDIA CORRIGENDUM New Delhi, the 8th March, 2019 […]

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