Income Tax: Income from Sikkim State Lottery - taxability under the Income Tax Act, 1961 - Once the assessee has paid the income tax at source in the State of Sikkim as per the law applicable at the relevant time in Sikkim, the same income was not taxable under the IT Act, 1961. - SC
April 21, 2018

GST: Levy of GST - Valuation - construction services / superstructure - undivided and impartible share of land - the value of land, or the undivided share of land, as the case may be, would be deemed to be one-third of the total amount, which is excluded from the value for the purposes of payment of GST - AAR
April 21, 2018

GST: Levy of GST - construction services / superstructure - Even if agreement between the applicant and the buyer is entered after part of the construction is already completed, whole of the consideration would be added for payment of GST - AAR
April 21, 2018

GST: Seizure of detained goods - Absence of E-Way bill - e-way bill-02 furnished immediately within 20 minutes from the time of the detention of the vehicle/goods - Since the petitioner is registered dealer, there is no error at the hands of the petitioner, and therefore, the order of seizure passed under Section 129(1) of the Act as well as the notice issued under Section 129(3) of the Act are hereby set aside. - HC
April 21, 2018

GST: Seizure of goods with vehicle - absence of Transit Declaration Form - interstate movement of goods through UP - There is no allegation or intention on the part of the assessee to unload the goods within the State of U.P. - seizure and penalty not sustainable - HC
April 21, 2018

GST: Correction of registration - petitioner applied for registration under GST on 27.6.2017, but mistakenly provided the PAN number of one of the partner of the firm, instead of PAN number of the Firm - until and unless the petitioner surrenders the subsequent registration dated 14.8.2017, the earlier cannot be corrected or activated - HC
April 21, 2018

Income Tax: Reopening of assessment - non obtaining of the requisite prior permission u/s 151 - The assessee is alleging that revenue has not obtained the necessary requisite permissions u/s 151 and onus is on the assessee to bring some evidence to justify its allegations. - Tri
April 21, 2018

More Highlights

An open letter to Honourable Prime Minister of India Why Frauds happen in Banks - Auditor Perspective
April 21, 2018

WHETHER REGULATED SALES OF LIQUOR BY GOVERNMENT CORPORATIONS A SERVICE?
April 21, 2018

Canteen services- analysis of Advance Ruling Authority, Kerala
April 20, 2018

Doing Mango Business with Australia
April 20, 2018

Analysis of Advance Ruling on Recovery of Food Expenses from Employees for the canteen provided
April 19, 2018

A Comprehensive understanding of Job Work provisions Under GST
April 19, 2018

Un-necessary litigation and argument to distinguish settled matter is wrong. Advocates, as responsible officers of Court must desist from such practices
April 18, 2018

More Articles

Cus (NT) - Exchange Rates Notification No.33/2018-Custom(NT) dated 19.4.2018
April 19, 2018

ADD - Seeks to impose definitive anti-dumping duty on imports of Glassware, originating in, or exported from People's Republic of China and Indonesia.
April 18, 2018

CGST - Seeks to make amendments (Fourth Amendment) to the CGST Rules, 2017
April 18, 2018

ADD - Seeks to extend the levy of anti-dumping duty, imposed on imports of Soda Ash originating in or exported from Russia and Turkey under Notification No. 8/2013-Customs (ADD), dated the 18.04.2013 for a further period of one year (i.e. 16.04.2019) or till the conclusion of the sunset review investigations initiated by the Designated Authority vide initiation notification No.7/4/2018-DGAD dated the 16th April, 2018, whichever is earlier.
April 17, 2018

FTP - Amendment in import policy conditions under Exim Code 9022 of Chapter 90 of ITC (HS), 2017, Schedule - I (Import Policy)
April 16, 2018

FTP - Incorporation of new HS codes for laying down import policy for Kabuli Chana, Bengal gram and Others under Exim Code 0713 of Chapter 07 of ITC (HS), 2017, Schedule - I (Import Policy)
April 16, 2018

SEZ - Amendment in Notification No. S.O.1864(E) dated 18th May, 2016
April 13, 2018

More Notifications

Customs - Classification of remnant fuel & oils -reg.
April 19, 2018

Customs - Subject: - Mechanism for drawal of representative samples in respect of DPD FCL containers from Terminals involving sampling by Customs or Participating Government Agencies (PGAs), operationalising “on-wheel sampling area for DPD FCL containers” -Reg.
April 18, 2018

Customs - Subject: Selection of a food-items for FSSAI NOC, efforts to reduce unintended selection and also to reduce time taken to obtain NOC / Test Reports- reg.
April 17, 2018

Customs - Subject: Duty payment through various duty credit scrips issued under Chapter 3 of FTP- reg.
April 17, 2018

VAT - Delhi - Regarding Assessment orders under the CST Act, 1956 for the year 2013-14; representation of STBA reg.
April 17, 2018

Customs - Subject: - Procedure (revised) to be followed for scanning of DPD containers selected for scanning- reg
April 13, 2018

Customs - SUB: Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments.–reg.
April 13, 2018

More Circulars

Cabinet approves the restructured Centrally Sponsored Scheme of Rashtriya Gram Swaraj Abhiyan
April 21, 2018

Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs: Digital Age Technologies have profound implications for policies concerning every aspects of the economy and for emerging markets and developing countries; Leads the Indian Delegation to the G-20 Finance Ministers and Central Bank Governors (FMCBG) Meeting held in Washington D.C. on 19th and 20th April 2018.
April 21, 2018

Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance: The Big Reforms undertaken by the Government of India for raising economic growth and maintaining macro-economic stability have made India one of the Fastest Growing Major Economies in the world
April 21, 2018

DRI busts Diesel Smuggling racket; 14 containers of diesel seized and 4 persons, including the Mastermind and one Hawala Operator, arrested under the Customs Act 1962.
April 21, 2018

Two day Regional Conference on “Urban Development: Technological Solutions and Governance Challenges” concludes in Ahmedabad today ;
April 20, 2018

Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements
April 20, 2018

Shri Subhash Chandra Garg , Secretary ,Economic Affairs participates in the BRICS Finance Ministers and Central Bank Governors Meeting in Washington D.C
April 20, 2018

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Sez - dta- exports clarification (1)

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Gst on expired pharma goods (1)

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