Daily Archives: September 28, 2016

IDS 2016 : No PAN ?-File declaration with acknowledgment of PAN application form : CBDT

By | September 28, 2016

Instruction No.10 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 28th September, 2016 To, All The Principal Chief Commissioners of Income-tax Sub.: The Income Declaration Scheme, 2016 – reg. The Income Declaration Scheme, 2016 (the Scheme) has come into effect from 1st… Read More »

New Coal Distribution Policy amended

By | September 28, 2016

New Coal Distribution Policy amended to increase annual cap of coal through State Nominated Agencies and amend phrase of Small and Medium Sector Improve ease of doing business in the country and make more Coal available for Small, Medium and Other Sectors Union Ministry of Coal has issued an order with respect to the amendment… Read More »

Govt approved Project SAKSHAM for GST implemention

By | September 28, 2016

Cabinet approves Administrative and Financial Sanction towards the implementation of the Project SAKSHAM The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved ‘Project SAKSHAM’, a New Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC). The total project cost involved is Rs.2256 crore… Read More »

Category: GST

Govt approved Productivity Linked Bonus to railway employees

By | September 28, 2016

Cabinet approves Productivity Linked Bonus to railway employees The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB) equivalent to 78 days wages to eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for the financial year 2015-16. The approval entails a financial implication of approximately… Read More »

GST Impact on Banks / Financial institutions

By | September 28, 2016

GST impact on Banking and Financial institutions Place of Supply provisions under GST and impact on Banking and Financial institutions Presently, the place of provision of services provided by banking institutions or financial institution like NBFC, etc, to account holders is the location of the service provider. Hence, though the customer may be outside India… Read More »

GST Impact on telecommunication / Mobile Companies

By | September 28, 2016

GST Impact on telecommunication / Mobile operators Place of Supply – Under the GST Law, certain guidelines are provided to determine place of supply for the telecom companies/sector as detailed below;.  Item Place of Supply Prepaid mobile Vouchers Location where the pre-payment is received or the voucher is sold.     Mobile Recharge made through internet… Read More »