CBIC reaches out Due Dates for documenting ER-1 and 2_

The Central Board of Indirect Taxes and Customs has notified that the due date for filing of Central Excise Returns in structures ER 1 and ER 2 in regard of April multi-month has been extended from 10 May 2019 to 10 June 2019, in perspective on continuous movement/joining of ACES gateway. While the relocation and […]

Vehicle vendors on taxman’s radar over limits and complimentary gifts to clients

The roundabout assessment division is scrutinizing limits and complimentary gifts offered to clients by significant vehicle sellers the nation over on doubt that they may have profited input charge credit on those complimentary gifts without paying GST prompting income spillage for the exchequer. The division has issued starter notification to a portion of the top […]

FMCG wholesalers face GST investigation for post-deal limits

Coca-Cola India’s packaging accomplice Hindustan Coca-Cola Beverages (HCCB) and wholesalers of FMCG and buyer tough firms have gone under the focal point of the merchandise and ventures charge (GST) specialists over alleged post-deal limits offered by makers, said an individual acquainted with the issue. The specialists have inquired as to why GST was not paid […]

CBIC presents improved auto enrollment for IEC holders at ICEGATE

To draw in shippers and exporters for enlistment on ICEGATE and to give them different data administrations including reports, the Central Board of Indirect Taxes (CBIC) has introduced a disentangled auto registration for the IEC holders. IEC holders (Importer/Exporter) would now be able to enlist at ICEGATE without computerized Signature. Enrollment is permitted with IEC […]

ITAT governing on ‘stock in exchange’ may prompt spate of prosecutions

Does the expectation of an organization or a speculator while influencing a venture to decide the assessment outgo? It does, according to an ongoing assessment administering. Also, specialists state the decision, which said the duty relied upon whether the speculation was for key purposes or only a transient one, could open a Pandora’s crate of […]