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Home e-Newsletters Index Year 2018 December Day 13 - Thursday

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TMI Tax Updates - e-Newsletter
December 13, 2018

Case Laws in this Newsletter:

GST Income Tax Customs Service Tax Central Excise CST, VAT & Sales Tax



TMI SMS


Highlights / Catch Notes

  • GST:

    Removal of difficulty order regarding extension of due date for filing of Annual return (in FORMs GSTR-9, GSTR-9A and GSTR-9C) for FY 2017-18 till 31st March, 2019

  • Income Tax:

    Disallowance of depreciation to assessee trust - specific provisions of section 11(6) which bars claim of depreciation of expenditure incurred for charitable purposes is prospective and applies only from the assessment year 2015-16.

  • Income Tax:

    Exemption claimed u/s 10AA - interest and remuneration to partners - the CIT(A) was right in deleting the disallowance made by the AO on account of non provision of interest and remuneration from amount of deduction u/s. 10AA.

  • Income Tax:

    Validity of assessment against non existent entity - curable defect u/s 292B - scheme of merger adopted - If the letter has not been filed before the AO during the assessment proceeding, in those circumstances the AO cannot be faulted for passing assessment order.

  • Income Tax:

    MAT Credit admissible in terms of Section 115JAA has to be set off against the tax payable (assessed tax) before calculating interest under Sections 234A, 234B and 234C

  • Income Tax:

    Charitable activity - Merely because the society is primarily created for the benefit and convenience of Anesthetists, it cannot be said that the object of the society is confined to its members practicing in Sriganganagar and Hanumangarh Districts.

  • Customs:

    Classification of imported goods - membrane elements - The products which fall under Chapter Sub-heading 842121 as mentioned in Column (3) relating to the product "Water purification equipment based on the technologies"

  • Customs:

    EOU Scheme - the appellants had not fulfilled the conditions of use of capital goods/equipment for development of software, meant for export - confirmation of duty/interest demand by the authorities below cannot be faulted with.

  • Customs:

    Revision of All Industry Rates (AIRs) of Duty Drawback.

  • DGFT:

    Requirement of documents for online IEC applications-clarifications reg.

  • DGFT:

    Amendment of Para 2.63 of the Handbook of Procedure (2015-20) - Exhibits Required for National and International Exhibitions or Fairs and Demonstration

  • Indian Laws:

    SEZ Policy review committee report

  • Service Tax:

    Business Auxiliary Service - job work - polishing the utensils - Since the appellant is a job worker and is not engaged in the manufacture of the excisable goods in its factory, the activity of job work should be considered as a service, leviable to Service Tax as BAS

  • VAT:

    Location of sale - where the situs of a sale - The agreement executed in Gujarat and Puducherry does not make the sale within that State or Union Territory, as Section 4 of the CST Act provides that sale of goods is deemed to take place in a State, only when the goods are within the State.


Articles


Circulars / Instructions / Orders


News


Case Laws:

  • GST

  • 2018 (12) TMI 620
  • 2018 (12) TMI 610
  • 2018 (12) TMI 609
  • Income Tax

  • 2018 (12) TMI 608
  • 2018 (12) TMI 607
  • 2018 (12) TMI 606
  • 2018 (12) TMI 601
  • 2018 (12) TMI 600
  • 2018 (12) TMI 604
  • 2018 (12) TMI 599
  • 2018 (12) TMI 598
  • 2018 (12) TMI 603
  • 2018 (12) TMI 602
  • 2018 (12) TMI 605
  • 2018 (12) TMI 597
  • 2018 (12) TMI 596
  • 2018 (12) TMI 595
  • 2018 (12) TMI 594
  • Customs

  • 2018 (12) TMI 619
  • 2018 (12) TMI 618
  • 2018 (12) TMI 617
  • Service Tax

  • 2018 (12) TMI 593
  • 2018 (12) TMI 616
  • 2018 (12) TMI 615
  • Central Excise

  • 2018 (12) TMI 614
  • 2018 (12) TMI 613
  • CST, VAT & Sales Tax

  • 2018 (12) TMI 612
  • 2018 (12) TMI 592
  • 2018 (12) TMI 611
 

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