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GST advance ruling application liable for rejection in absence of full fees payment

March 12, 2019 1611 Views 0 comment Print

In re Ms. Umadevi Kamalkumar Patni (GST AAR Maharashtra) For an applicant, it is mandatory as per section 97(1) read with Rule 104 of the CGST/MGST Act to pay applicable fee of Rs. 5000/- each under SGST and CGST Act to be deposited in the manner as provided under Section 49 of the Act. If […]

Comply with RBI requirements related to corporate debt securities: SEBI

March 12, 2019 654 Views 0 comment Print

It is clarified that all the circulars and directions issued hereinafter by RBI w.r.t investment conditions for FPI Investment in corporate debt securities shall be complied with as per the timelines specified in the RBI circular(s). No separate circular(s) shall be issued by SEBI. All the intermediaries may take steps required to operationalize the RBI Circular(s

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

March 11, 2019 3738 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 3363 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 22869 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 4674 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 3333 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 5922 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 1014 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 1176 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 […]

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