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Notifications/Circulars

DGGI detects fraudulent ITC refund claim of more than Rs. 400 crore

September 24, 2019 2001 Views 0 comment Print

DIRECTORATE GENERAL OF GOODS & SERVICES TAX INTELLIGENCE, ZONAL UNIT, AHMEDABAD. 6th & 7th Floor, I-The Address, Near Sola Fly Over, Off : SG Highway, Ahmedabad – 380060 Phone: 079-26477011; Fax: 079-29600116. F. No. DGGI/AZU/Gr ‘A’/12(4)/118/2019-20 Dated: 24.09.2019 PRESS NOTE Acting on specific intelligence that a few units located in Kandla SEZ at Gandhidham, (Gujarat) […]

Rules pertaining to single disbursement of GST refund claims effective from 24.09.2019

September 24, 2019 2871 Views 0 comment Print

Rules pertaining to single disbursement of GST refund claims brought into force with effect from 24.09.2019 vide Notification No. 42/2019 – Central Tax dated- 24th September, 2019. The provisions of clause 10, 11, 12 and 26 of the CGST (Fourth Amendment) Rules, 2019 [notification No. 31/2019– Central Tax dated 28th June, 2019] come into force […]

CBIC exempts petroleum operations or coal bed methane operations undertaken under HELP & OALP

September 24, 2019 1521 Views 0 comment Print

Seeks to amend notification No. 50/2017-Customs dated 30.06.2017, in order to exempt petroleum operations or coal bed methane operations undertaken under HELP and OALP GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 31/2019–Customs New Delhi, the 24th September, 2019 G.S.R. 684(E).— In exercise of the powers conferred by sub-section (1) of section 25 […]

Income Tax Business Application (ITBA) – Assessment Module – CASS 2019

September 24, 2019 94077 Views 0 comment Print

It has been noticed that sometimes the returns are received by Assessing Officer who is not a jurisdictional Assessing Officer as per PAN. The PAN should be immediately transferred to the jurisdictional Assessing Officer, so that further proceedings can be initiated by the jurisdictional Assessing Officer.At the time of CASS run, the data of returns selected in CASS which are falling in category of mismatch of PAN AO Code and Bundle AO code will be auto-transferred (after PAN transfer order is submitted) to PAN Assessing Officer through a scheduler.

Disclosure of Default / Inter Creditor Agreement (ICA) by listed companies

September 24, 2019 2475 Views 0 comment Print

With a view to provide for early recognition, reporting and time bound resolution of stressed assets, RBI vide circular dated June 07, 2019 had issued certain directions to Scheduled Commercial Banks, All India Term Financial Institutions (such as NABARD, NHB, EXIM Bank, SIDBI), Small Finance Banks, Systematically Important Non-Deposit taking Non-Banking Financial Companies and Deposit taking Non-Banking Financial Companies as part of RBI (Prudential Framework for Resolution of Stressed Assets) Directions 2019.

Valuation of money market and debt securities

September 24, 2019 4086 Views 0 comment Print

SEBI vide various circulars prescribed the guidelines on valuation of money market and debt securities. In order to align these guidelines with best market practices and improve the robustness of valuation of these securities, the following has been decided:

Anti-dumping investigation concerning imports of Electronic Calculators import from Malaysia

September 24, 2019 681 Views 0 comment Print

[Case No: 15/2019] Initiation of Anti-dumping investigation concerning imports of Electronic Calculators originating in or exported from Malaysia. The product under consideration in the present investigation is Electronic Calculators. An electronic calculator is a small and portable electronic device used for performing arithmetic operations and certain other mathematical functions.

Anti-Dumping investigation concerning imports of Faced Glass Wool in Rolls

September 24, 2019 1728 Views 0 comment Print

Case No. (OI) 16/2019] Anti-Dumping investigation concerning imports of Faced Glass Wool in Rolls originating in or exported from China PR.

Initiation of Sunset Review of Anti-Dumping investigation concerning imports of Electronic Calculators

September 24, 2019 942 Views 0 comment Print

(Case No. SSR 06/2019) Subject: Initiation of Sunset Review of Anti-Dumping investigation concerning imports of Electronic Calculators ` originating in or exported from China PR.

Anti-Dumping investigation concerning imports of “Acrylic Fibre”

September 24, 2019 756 Views 0 comment Print

The product under consideration is Acrylic Fibre of all types (hereinafter referred as subject goods). Acrylic Fibre is a long chain of synthetic polymer composed of at least 90% by weight of Acrylonitrile units (major raw material for production). The terms acrylic fibre includes acrylic staple, acrylic tow and acrylic top. In other words, acrylic staple fibre, acrylic tow and acrylic top are known as acrylic fibre in the commercial parlance.

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