Income Tax: Scrutiny assessment - Issue of notices u/s 143(2) of Income-tax Act, 1961 in revised format-regd. - Notification

Service Tax: CENVAT credit - interpretation of definition of input service - advertising for sale of cars - That it was performed elsewhere does not alter the factum of usage of another service-provider for supplying a service - credit allowed

Central Excise: SSI exemption - availing cenvat credit - The appellant has made a feeble attempt to satisfy the condition of the notification by reversing an amount @ 10% of the value exempted goods, as provided in Rule 6(3) of the CENVAT Credit Rules 2004 - the prescription made in CENVAT Credit Rules cannot be imported into the conditions of N/N. 8/2003

Customs: Constitutional validity - mandatory pre-deposit for filing an appeal - duty drawback - The aim of the amended provision is also to curtail litigation which had assumed high proportions, leaving no time to the appellate authorities to devote the same to important issues - If such is the aim and insight behind the provision, it certainly cannot be held to be unreasonable, onerous, unfair or discriminatory for two fold reasons. - HC

Customs: Valuation - The appellant has specifically asked for cross examination of Chartered Engineers and the persons to whom the market survey was conducted but the cross examination has not been granted by the adjudicating authority in casual manner - the impugned order is in gross violation of principle of natural justice.

Income Tax: Revision u/s 264 - period of limitation - The petitioner had applied before the AO u/s 154 within four years of the order sought to be corrected. The petitioner did not delay in filing the petition u/s 264 beyond the prescribed of one year from the date of passing of the order u/s 154 by the AO - HC

Income Tax: Claim of exemption u/s 54F - It is enough that the assessee procures the new property within the stipulated time provided in section 54F to claim the exemption. How the property purchased by the assessee is irrelevant.

Service Tax: Classification of services - whether works contract services or maintenance and repair services? - the work prior to 1st June, 2007 is also classifiable under the classification works contract as defined under Section 65(105) (zzm) of the FA

Customs: Warehousing of goods - extension of warehousing period - Since, the goods were cleared against zero per cent duty, no interest could have been levied. - HC

Income Tax: Addition - presumptions u/s 132(4A) - this is not a case where the additions are made on the basis of mere loose papers seized during search. It is a case where the documents seized during search contained entries made by the partner of the firm admittedly in his own handwriting and contained reference to the cash receipts - Additions confirmed - HC

Service Tax: CENVAT credit - input services - the input services have suffered service tax and CENVAT credit can be taken by the appellant and the registration is not a mandatory requirement for claiming CENVAT credit.

Central Excise: Manufacture - whether the fabrication and erection of steel structural at the site of the respondent amounts to manufacture or not? - The immovable iron and steel structures not being goods will not fall under Heading 73.08 of the Excise Tariff.

Central Excise: Adjustment of sanctioned refund towards other alleged dues - Whether the department can suo moto adjust from the sanction refund / rebate? - Section 11 of the Central Excise Act, 1944 does not contemplate adjustment of monies due to the assessee towards the amount due to the revenue.

GST: Govt all set to ring in GST at stroke of June 30 mid-night

GST: Seeks to empower the Principal Commissioner of Central Tax, Bengaluru West to grant registration in case of online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable territory and received by a non-taxable online recipient. - Notification

GST: Certain sections of the IGST Act, 2017 came into force w.e.f. 22.06.2017 i.e Definitions, Officers, Registration, Application of certain provision of CGST to IGST, Power to make rules - Notification

More Highlights

OFFICERS OF ‘DRI’ HAVE NO POWER TO DEMAND AND COLLECT ANY AMOUNT FROM ASSESSEE

Returns under CGST Act,2017 with Rules

ANTI-PROFITEERING RULES, 2017 – AN OVERVIEW

INTERPRETATION OF CENTRAL GOODS AND SERVICES TAX (CGST) ACT (PART-10) (Meaning of Important Terms)

More Articles

IT - Issue of notices under section 143(2) of Income-tax Act, 1961 in revised format-regd.

Cus (NT) - Seeks to amend Notification No. 61/94(NT) - Customs, dated the 21st November, 1994 to declare Kannur International Airport as Customs Airport under sub-section (2) of section 7 of the Customs Act, 1962

Cus - Project Imports (Amendment) Regulations, 2017

FTP - Amendment in export policy of Muli Bamboo and export policy for bamboo products

Co. Law - Companies (Audit and Auditors) Second Amendment Rules, 2017

ADD - Seeks to impose anti-dumping duty on imports of sewing machine needles originating in or exported from China PR

More Notifications

DGFT - Constitution of Help Desk for GST issues related to Foreign Trade Policy-reg.

DGFT - Constitution of GST Facilitation cell – reg

DGFT - Constitution of GST Facilitation Cell-reg

DGFT - Constitution of Help Desk for GST issues related to Foreign Trade Policy-reg

Customs - Alignment of State Codes of ICES with GSTN-Implementation of changes in ICES-Reg.

DGFT - Changes in IEC with the introduction of GST-regd.

More Circulars

To implement GST w.e.f. 1.7.2017 first set of notifications including Registration and Composition Rules issued by the Central Government

Reduced Liability of Tax on complex, building, flat etc. under GST - CBEC clarifies that why the prices should not increase post GST

Notification imposing anti dumping duty was in the nature of temporary legislation and could not be amended / revived after it lapsed - SC

GST regime - IEC code will be same as PAN - Assessee registered with GSTN would be required to quote only GSTIN for import/ export of goods

Validity of letter of inquiry when No proceedings were pending - assessee was not required to respond to invalid & non est letter of inquiry

More SMS

Incentive schemes for exporters to continue post GST: Com Secy

Deputy CM for implementation of GST in J&K

PFRDA conducts workshop on National Pension System (NPS) for Corporates in coordination with FICCI at Bhubaneswar today; More than 10.83 lacs subscribers are registered under NPS-Private Sector (all Citizen and Corporate);Overall number of NPS and APY subscribers have crossed 1.62 crore with overall Asset under Management (AUM) of more than 1,91,725 crore

GST registrations for ecommerce, new cos to begin on June 25

Auction for Sale (Re-issue) of Government of India Floating Rate Bonds Auction for Sale (Re-issue) of Government Stock

More News

Goods and gst bill passed (1278)

Gst on job work charges (14)

Gst on work contracts (12)

Service tax credit on courier charges (10)

Input tax credit under gst (9)

Go to Forum

Tds on sodexo (1)

E-sugam reg (1)

What is impact of exempted unit in uttaa khand... (2)

Outside storage - application format. (1)

Provisional input credit (1)

Go to Forum