☛ Customs: Pilot implementation of paperless processing under SWIFT — Uploading of supporting documents regarding

☛ DGFT: Actual Service Providers (and not Ports) are eligible for SFIS/SEIS benefit in respect of their share of earnings made by performing the notified services under SFIS/SEIS Scheme.

☛ Income Tax: Penalty u/s 271(1)(c) - discretion to impose penalty - When the proceedings of assessment in which the additions in the hands of the assessee were made, the Tribunal could not have ignored such final conclusions by simply adopting the different mode or yardstick to judge the amount of tax sought to be evaded by the assessee. - HC

☛ Income Tax: Eligibility to scheme known as “Income Declaration Scheme, 2016” - since prosecution is going on against the petitioner for an offence which comes under Chapter XVII of the IPC, petitioner is not liable to be granted benefit of the said Scheme. - HC

☛ Income Tax: Reopening of assessment - reason to believe cannot be equated with finally established fact that the income chargeable to tax having escaped assessment additions will invariably be made and further, sufficiency of reasons enabling the Assessing Officer to form such a belief would not be gone into. - HC

☛ Income Tax: Addition on account of materials purchased - bogus purchases - It is a fact that the labours are paid by the assessee directly and not through contract or sub-contract. Therefore section 194C of the Act is not attracted. - Tri

☛ Income Tax: NRI status of assessee - Income accrued in India - period of stay in India - Stay in India for 181 days - AO directed to recompute the stay of assessee in India for claim of exemption - Tri

☛ Income Tax: Deemed dividend u/s 2(22)(e) - earnest money paid by the company on behalf of the directors - money was not returned after cancellation of sell agreement - the entire arrangement between the assessee and both the companies falls within the mischief of provisions contained u/s 2(22)(e) - Tri

☛ Income Tax: TDS u/s 194C/194I - TDS liability on monthly maintenance charges paid to housing societies - in the instant case, it is merely reimbursement by the members to the society and, therefore, the payment in question is not liable for TDS - Tri

☛ Income Tax: Validity of the order passed U/s 147 - There is no bar that the information received from the Investigation wing cannot be used as a basis for formation of belief and satisfaction by the AO that the income has escaped assessment. - Tri

More Highlights

☛ YET ANOTHER ANTI-PROFITEERING COMPLAINT DISMISSED

☛ ADVANCE RULING AUTHORITIES

☛ EXEMPTION OF SKILL DEVELOPMENT TO COMPANY , SEC 35CCD An Analysis of Rules 6AAH, 6AAF,6AAG

☛ GIST OF RECENT PRONOUNCEMENTS ON GST (PART-XI)

☛ Refund under Inverted Duty Structure - Anomaly

☛ INPUT TAX CREDIT (ITC) IN GST (PART-I)

☛ Treament of GST in case of issue of credit note

☛ THE BILL OF ENTRY (ELECTRONIC INTEGRATED DECLARATION AND PAPERLESS PROCESSING) REGULATIONS, 2018

☛ E-way Bill - Quick review

☛ FINANCIAL DEBT - Insolvency and Bankruptcy Code

More Articles

☛ UTGST - Lakshadweep - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government, rescinds the notification number G.S.R. 319(E), dated the 31st March, 2018

☛ UTGST - Andaman and Nicobar Islands - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government, rescinds the notification number G.S.R. 315(E), dated the 31st March, 2018

☛ UTGST - Daman and Diu - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government rescinds the notification number G.S.R. 318(E), dated the 31st March, 2018

☛ UTGST - Dadra and Nagar Haveli - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government rescinds the notification number G.S.R. 317(E) dated the 31st March, 2018

☛ UTGST - Chandigarh - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government, rescinds the notification number G.S.R. 316(E) dated the 31st March, 2018

☛ CGST - Seeks to extend the due date for filing of FORM GSTR-3B for the month of April, 2018

☛ Co. Law - Corrigendum - Notification Number G.S.R. 432(E), dated the 7th May, 2018

☛ Cus (NT) - Exchange Rates Notification No.43/2018-Custom(NT) dated 17.5.2018

☛ ADD - Seeks to impose definitive anti-dumping duty on imports of "Ceramic Rollers", originating in or exported from People's Republic of China

☛ PMLA - Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2018

☛ Cus (NT) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.

☛ Cus (NT) - Customs Brokers Licensing Regulations, 2018

☛ ADD - seeks to extend the levy of anti-dumping duty, imposed on imports of Peroxosulphates (Persulphate)originating in or exported from China PR under Notification No. 11/2013-Customs (ADD), dated the 16.05.2013 for a further period of one year (i.e. 14.05.2019)

☛ CGST - Seeks to waive the late fee for FORM GSTR-3B

☛ Cus (NT) - Appointment of Common Adjudicating Authority

More Notifications

☛ DGFT - Quota allotted under the Indo-Sri Lanka Free Trade Agreement: Minutes of the Meeting dated 9.5.2018

☛ DGFT - Service Providers (and not Ports) are eligible for SFIS/SFIS benefit

☛ DGFT - Maintenance of Annual Average Export Obligation- regarding

☛ DGFT - Change in import policy of Peas from 'Free' to 'Restricted' - Implementation of Notification No.4 dated 25.4.2018- reg.

☛ DGFT - Extension of date for mandatory digital payment through e-MPS

☛ Customs - Pilot implementation of paperless processing under SWIFT — Uploading of supporting documents regarding -Reg.

☛ Customs - Forwarding of samples for testing to the Outside Laboratories- reg.

☛ Companies Law - Clarification-Condonation of Delay Scheme, 2018-reg.

☛ DGFT - Clarification regarding DGFT Notification No. 4 & 5

☛ DGFT - Implementation of MOU between India and Mozambique for import of pulses from Mozambique - reg.

☛ Customs - Modification in the procedure of the Container Movement Permission – reg.

☛ Customs - Increase in the validity period of Chapter 3 Scrips – clarification reg.

☛ DGFT - Public Notice No.33 dated 23.10.2017 applied to all scrips under Chapter 3 of FTP.

☛ Customs - Direction under Section 16(5) of Food Safety and Standards Act, 2006 regarding operationalisation of draft Food Safety and Standards (Import) Amendment Regulations, 2018 –reg.

☛ DGFT - Non-submission of complete Appendix 4E, containing technical details, chemical reactions and data sheet for advance authorisation applications on self declaration basis under Para 4.04 and 4.07 of HBP for cases relating to NC-4

More Circulars

☛ NITI Aayog and ABB India Sign Statement of Intent

☛ Cabinet approves waiver of Penal Interest on Government Loans advanced to Visakhapatnam Port Trust

☛ Cabinet approves waiver of Penal Interest on Government Loans advanced to Paradip Port Trust

☛ Indo-Dutch Startup Initiative: #StartUpLink to be Launched

☛ Cabinet approves MoU between India and Turkey on trade in poppy seeds to ensure quick and transparent processing for import of poppy seeds from Turkey

☛ RBI Reference Rate for US $

☛ Constitution of Task Force for drafting a New Direct Tax Legislation- Extension of time reg

☛ One day Regional Conference on “Clean and Renewable Energy” as a lead up event to 3rd Annual Meeting of Asian Infrastructure Investment Bank(AIIB) held in Bhopal;

☛ Finmin ties up with 40 entities to extend funding under Mudra scheme

☛ RBI Reference Rate for US $

☛ Auction for Sale (Re-issue) of ‘6.84% Government Stock 2022; Auction’ for Sale (Re-issue) of ‘7.17% Government Stock 2028’, Auction for Sale (Re-issue) of ‘7.40% Government Stock 2035’, and Auction for Sale of (Re-issue) of ‘7.06% Government Stock 2046’

☛ RBI Reference Rate for US $

☛ GST Council asks Centre, states to quickly set up appellate authorities

☛ CAG Rajiv Mehrishi calls for a market regulator in event of market failure while delivering 9th Annual Day lecture of CCI

☛ Extension of date for filing return in FORM GSTR-3B for the month of April, 2018

More News

Transportation of employees (22)

Itc on canteen (19)

Merchant trading through ebay marketplace. (19)

Gstr1 july submission showing 20 invoice out 1400 error with submission (17)

Can itc avail on uniform to employees by the company (14)

Valuation of rent a cab services (12)

Acknowledgement for lut under gst (12)

Gst payable on rental immovable property (11)

Issuance of scn by lower authority (11)

E way bill for intra state jobwork (11)

Go to Forum

Employee contribution to provident fund and ecr upload process... (2)

Rcm on transport (2)

Reversal of itc (1)

I t return a.y.2017-18(f.y.2016-17) (1)

Entry of credit notehow to show against b2cs in gstr1 march against bill of jan... (1)

Third party payment (1)

Freight on export (1)

Migration to regular from composition scheme... (2)

Cash payment to causal labour (1)

Income tax on remittance (1)

Go to Forum