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PF is applicable on Basic salary plus Special allowances except HRA: SC

February 28, 2019 216132 Views 11 comments Print

Regional Provident Fund Commissioner Vs. Vivekananda Vidyamandir and Others (Supreme Court) Basic wage, would not ipso­facto take within its ambit the salary breakup structure to hold it liable for provident fund deductions when it was paid as special incentive or production bonus given to more meritorious workmen who put in extra output which has a […]

Govt notifies persons who may file an application for initiating CIRP

February 27, 2019 1332 Views 0 comment Print

Central Government hereby notifies following persons who may file an application for initiating corporate insolvency resolution process against a corporate debtor before the Adjudicating Authority, on behalf of the financial creditor: –

Network Rights is Goodwill eligible for depreciation U/s. 32(1)(ii)

February 27, 2019 906 Views 0 comment Print

Explore the judgment by ITAT Hyderabad in Apna Incable Broad Band Services Pvt. Ltd. Vs DCIT, addressing depreciation on network rights and technical service fee disallowance.

RBI amends deceleration to be given in Form ‘FNC’

February 27, 2019 6063 Views 0 comment Print

Accordingly, the Form FNC has also been suitably modified and the following phrase added under the heading ‘Declaration’ in Part II clause (ii), at the end of the existing sentence.

Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2019

February 27, 2019 2280 Views 0 comment Print

FORM – C under regulation 5(3)- Courier Bill of Entry – XII (CBE-XII) for Samples and Gifts (Electronic Filing) i substituted by Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2019

Notification No. 06/2019-Customs (N.T./CAA/DRI) dated 27.02.2019

February 27, 2019 948 Views 0 comment Print

Notification No. 06/2019-Customs (N.T./C AA/DRI) dated 27.02.2019- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 06/2019-Customs (N.T./CAA/ EXTENSION/DRI) New Delhi, dated the 27th February, 2019 S.O. 1036(E). – In exercise of powers conferred upon by first proviso […]

CBIC direct tax Recovery by attachment & sale of defaulter’s property

February 26, 2019 3438 Views 0 comment Print

Authorised Officer should proceed to realise the amount by attachment and sale of the defaulter’s property, in accordance with the procedure of attachment and proclamation and sale as prescribed manner. Circular No. 1066/5/2018-CX F,No.298/05/2017-CX9 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Room Nq.267-D, North Block, New […]

ITC not admissible on ambulances purchased for employees benefit: AAR

February 26, 2019 23688 Views 0 comment Print

In re Nipha Exports Pvt Ltd (GST AAR West Bangal) Whether ITC is admissible on ambulances purchased for the benefit of the employees under legal requirement of the Factories Act, 1948. It is evident from above that input tax credit on inward supply of ambulance, being a motor vehicle, is not admissible under Section 1 […]

GST payable on Back Office Support Services and are not Exports

February 26, 2019 9210 Views 0 comment Print

In re Vservglobal Pvt. Ltd. (GST AAAR Maharastra) The Appellate Authority for Advance Ruling upheld  the ruling given by the Advance Ruling Authority by observing  that the services being offered by Appellant is a package of services, which is nothing but a composite supply, of which the principal supply is that of intermediary services. The […]

CBIC postpones increase in customs duty on specified imports from USA

February 26, 2019 783 Views 0 comment Print

Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 2nd March, 2019 to 1st April, 2019 vide Notification No. 06/2019-Customs Dated 26th February, 2019.

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