Announcement

Collapse
No announcement yet.

Latest India Tax News 8th October 2016

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Latest India Tax News 8th October 2016

    • Shri Sushil Chandra, IRS (IT : 1980) presently member CBDT to be new CBDT Chief wef 01.11.2016.
    • Payment made in the ordinary course of business of money lending which is substantial part of the business of the company would not fall within the mischief of Section 2(22)(e) of the Act. CIT Vs. Shree Balaji Glass Mfg Pvt. Ltd., High Court of Calcutta.
    • Calculation at MCA has changed, now day of event is also included, so if AGM on 30.9.16, file AOC-4 by 29 Oct, 2016.
    • VAT not liable on material used in providing pest control service. State of Gujarat v/s Bharat Pest Control, the Gujarat High Court.
    • Under GST For purchases from Unregistered dealer, taxable person will not get ITC & Composition Dealer will not be required to pay tax under reverse charge.
    • DGFT extends the applicability of Minimum Import Price (MIP) beyond 04/10/2016 on 66 HS Codes for further two months, till 4th Dec 2016. Notification 30/2015-2020, Dated: 04.10.2016.
    • In the event of failure to export the goods within the period specified in condition (4) of paragraph 1, the Federation and the importer shall be liable to pay the duties of customs: Notification No. 58/2016-Customs,05.10.2016.
Working...
X