Daily Archives: April 10, 2018

Amendment to Rule 44E in line with BEPS Action 5 : CBDT Draft Notification

By | April 10, 2018

F.No.370142/34/2016-TPL (Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, April 10, 2018 Sub: Draft notification proposing an amendment to rule 44E, Form 34C, 34D and 34DA as per BEPS action item 5, for improving transparency in relation to tax rulings– comments and suggestions-reg. Under Base Erosion… Read More »

Goods couldn’t be seized for not carrying E-way bill as same was not applicable till date: HC

By | April 10, 2018

HIGH COURT OF ALLAHABAD Proactive Plast (P.) Ltd. v. State of U.P. PANKAJ MITHAL AND SARAL SRIVASTAVA, JJ. WRIT TAX NO. 87 OF 2018 FEBRUARY  1, 2018 Nishant Mishra for the Petitioner. ORDER 1. Heard Sri Nishant Mishra, learned counsel for the petitioner and Sri C.B. Tripathi, Special Counsel for the State of U.P. 2. The petitioner is aggrieved… Read More »

Roll-out of e-Way Bill system for Intra-State movement w.e.f 15.04.2018 in 5 states

By | April 10, 2018

Ministry of Finance Roll-out of e-Way Bill system for Intra-State movement of goods in the States of Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh from 15th April, 2018. Posted On: 10 APR 2018 11:26AM by PIB Delhi As per the decision of GST Council, e-Way Bill system for all inter-State movement of goods has… Read More »

Strict action to be taken if E way bill Rules not followed : Maharashtra Govt

By | April 10, 2018

Office of the, Joint Commissioner of State Tax, Border Check Post, Maharashtra State. GST Bhavan, 3rd Floor. Mazgaon, Mumbai – 10. To, All Concerned No- JC/BCP/e way bill /2018-19/B-553    Mumbai Dt.04/04/2018 Sub:-e-way bill- regarding. As you know, e-way bill is mandatory for inter-State movement of goods across the country, including our State, Maharashtra, w.e.f.… Read More »

Fees for Late Filing of Annual ROC Returns to increase to Rs. 100 per day

By | April 10, 2018

It is proposed to amend shortly, the Companies (Registration Offices and Fees) Rules 2014 to levy additional fee @Rs.100 per day for filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013. Once notified, the additional fee @Rs.100 per day (beyond the normal date of filing) shall become payable in respect of:- 23AC – Filing… Read More »

CBDT instructions on seizure of jewellery & ornaments are discretionary

By | April 10, 2018

CBDT instructions on seizure of jewellery and ornaments are discretionary ITAT Indore Shri Keshav Lila Vs. Assistant Commissioner of Income Tax-1(2)  ITA No. 935/Ind/2016 Date of Judgement/Order : 19/01/2018 Related Assessment Year : 2011-12 CBDT instructions which in our view provides a guideline to the search conducting team that no seizure should be made of… Read More »