Circular No. 1009/16/2015-CX F. No. 96/54/2014-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, dated the 23rd October, 2015 To Principal Chief Commissioner/ Chief Commissioner of Central Excise (All), Principal Chief Commissioner/ Chief Commissioner of Central Excise and Service Tax (All), Madam/ Sir, Sub: Central… Read More »
Circular No. 1010/17/2015-CX F. No. 96/54/2014-CX.1 Government of India Department of Revenue Central Board of Excise & Customs New Delhi New Delhi, the 23rd October, 2015 All Principal Chief/Chief Commissioners of Central Excise & Customs, All Principal Chief/Chief Commissioners of Central Excise, All Principal Chief/Chief Commissioners of Service Tax, All Principal Director/Directors General. Sir/Madam, Sub:… Read More »
Annual Return on Foreign Liabilities and Assets (FLA Return) – Reporting by Limited Liability Partnerships RBI/2015-16/210 A. P. (DIR Series) Circular No. 22 October 21, 2015 To All Authorised Dealer Category-I banks Madam / Sir, Annual Return on Foreign Liabilities and Assets (FLA Return) – Reporting by Limited Liability Partnerships Attention of Authorised Dealers Category… Read More »
Rules for Infrastructure Debt Fund Notification No. 84/2015 [F.No.133/43/2015-TPL]/S.O. 2877(E) Dated 20.10.2015
With dal prices ruling at above Rs 200 per kg in the retail markets, the Centre will start procuring 40,000 tonnes of pulses directly from farmers through NAFED and SFAC starting November. The procured pulses will be used to create buffer stock and the Cabinet note is being moved in this regard, and if required… Read More »
The proposed GST (goods and services tax) regime is likely to provide for monthly filing of returns for business to business dealings through a set of eight forms for different categories of transactions. The joint committee on Business Process for GST in relation to GST Return has suggested filing of a periodic e-return for Central… Read More »
Government slapped anti dumping duties on import of front axle beam and steering knuckles used in heavy and medium commercial vehicles as also three other products from China for five years. The duties have been imposed pursuant to recommendations of the Directorate General of Anti dumping and Allied Duties, the Finance Ministry said in a… Read More »
Ministry of Finance Department of Economic Affairs (Capital Market Division) Frequently Asked Questions on Rajiv Gandhi Equity Savings Scheme (RGESS) 5 February 2014 No. 1/8/SM/2012 Contents I. Objectives and legal aspects of RGESS What is RGESS ? What is the objective of the Scheme ? What is the legal provision for RGESS?… Read More »
Section 271(1)(c): Whether penalty for concealment justified in case of bonafide/inadvertent/human error ? Held-No Price Waterhouse Coopers Pvt. Ltd vs. CIT (Supreme Court Civil Appeal no. 6924 of 2012) “Para 18. The fact that the Tax Audit Report was filed along with the return and that it unequivocally stated that the provision for payment was not allowable under Section… Read More »
Section 147 – Whether Reopening can be done pursuant to judgment of Supreme Court ? Held-No Dy.Commissioner of Income Tax &Ors. Vs. M/s. Simplex Concrete Piles (India) Limited (Supreme Court)( Civil Appeal no. 2329 of 2006) “The subsequent reversal of the legal position by the judgment of the Supreme Court does not authorise the Department to re-open… Read More »