Daily Archives: April 13, 2018

Circular No 43/17/2018 GST : Processing of refund applications for UIN agencies

By | April 13, 2018

Circular No 43/17/2018 GST Summary of Circular No 43/17/2018 GST clarifying the issues arising in refund to UIN vide Circular No 43/17/2018 GST dated 13th April, 2018 Read Circular No 43/17/2018 GST F. No. 349/48/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 13th… Read More »

Circular No 42/16/2018 GST : CBIC clarify recovery of arrears under existing law & reversal of inadmissible input tax credit

By | April 13, 2018

Circular No 42/16/2018 GST Summary of  Circular No 42/16/2018 GST clarifying the procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit vide Circular No 42/16/2018 GST Dated 13th April, 2018 Read  Circular No 42/16/2018 GST CBEC-20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes… Read More »

Circular No 41/15/2018 GST : CBIC clarify interception of conveyances for inspection of goods in movement

By | April 13, 2018

Circular No 41/15/2018 GST clarifying the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances. vide Circular No 41/15/2018 GST dated  13th April, 2018 [ Circular No 49/23/2018 GST Dated 21st June, 2018 Seeks to modify Circular No. 41/15/2018-GST ] CBEC-20/16/03/2017-GST Government of India Ministry of… Read More »

Section 56(2)(viib) of Income-tax Act not applicable to startups if share capital upto Rs. 10 crore.

By | April 13, 2018

Department of Industrial Policy and Promotion (DIPP) has issued notification to consider application of Startups for claim of incentive under Section 80-IAC and Section 56(2)(viib) of the Income-tax Act. It has provided that provisions of sec. 56(2)(viib) are not applicable to startups having paid up share capital upto Rs. 10 crore. MINISTRY OF COMMERCE AND… Read More »

Free Book on E-way bill under GST : Download

By | April 13, 2018

Dear Professional Colleague, ICAI have been continuously undertaking various initiatives to support the Governmentas well as the stakeholders for smooth implementation of GST, among which one of the initiative is knowledge dissemination. Indirect Taxes Committee of ICAI, has recently revised the publication on “ E- publication on E-way bill under GST” [ Click here ]  for the… Read More »

Interest rates for Small Savings Schemes for Q1 FY 2018-19 (01.04.2018 to 30.06.2018)

By | April 13, 2018

RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the… Read More »

GST rate 18% for rubber trees or rubber wood : AAR

By | April 13, 2018

AUTHORITY FOR ADVANCE RULINGS KERALA N.C. Varghese, In Re SENTHIL NATHAN S. AND N. THULASEEDHARAN PILLAI, MEMBER ORDER NO. CT/3270/18-C3 MARCH  26, 2018 ORDER   1. Sri.N.C. Varghese, Thrissur, a small scale contractor (hereinafter called the applicant), has preferred an application for Advance Ruling on the rate of tax of standing rubber trees. The applicant is engaged in the… Read More »

Register on E way bill Portal even if already registered on GST Portal

By | April 13, 2018

E-WAY BILL REGISTRATION I HAVE REGISTERED IN GST PORTAL. WHETHER I NEED TO REGISTER AGAIN ON THE E-WAY PORTAL? Yes. All the registered persons under GST need to register on: www.ewaybillgst.gov.in using GSTIN. GSTIN is entered, the system sends an OTP to registered mobile number, registered with GST Portal. After authentication, the system generates username and After… Read More »

Law Commission gives 30 more days for response on Uniform Civil Code

By | April 13, 2018

Ministry Of Law & Justice Law Commission gives 30 more days for response on Uniform Civil Code Posted On: 12 APR 2018 4:05PM by PIB Delhi The Law Commission of India is examining the subject matter of Uniform Civil Code. The Commission requested the individuals / organisations (governmental and non-governmental) to send their submissions in… Read More »

Guide to Tax Audit (Finance Act 2018) Book by Taxmann

By | April 13, 2018

Guide to Tax Audit (Finance Act 2018) Paperback – 2018 Guide to Tax Audit (Finance Act 2018) is written by by CA Srinivasan Anand G. Price Rs 995 Click to buy online Author : SRINIVASAN ANAND G Edition : 2018 Edition Date of Publication : April 2018 ISBN No.:9789387702752 Binding : Paperback No. Of Pages : 564 View Contents of this book :Guide to Tax… Read More »

Notice u/s 148 cannot be issued if time to issue notice u/s 143 (3) not expired

By | April 13, 2018

ITAT Hyderabad Venkata Siva Reddy Nellore Vs ITO  Appeal Number : ITA No. 962/HYD/2017 Date of Judgement/Order : 22/11/2017 FULL TEXT OF THE ITAT JUDGMENTThis is an appeal by assessee against the order of the Commissioner (Appeals)-Tirupati, dated 30-3-2017, for the assessment year 2012-13.2. The grounds raised by assessee are as under :– “1. The… Read More »