Daily Archives: January 24, 2017

GST Video – Stock Transfer , Job work , Stock Returns & Rejects (Including Transition)

Stock Transfer, Job work, Stock Returns & Rejects (Including Transition) under Revised Model GST  Law Related Post on GST Free Video GST Video- Brief Concept of Model GST Law ( CGST, SGST & IGST) (1st Technical session) GST Video – Levy & Composition (2nd Technical Session) GST Video- Valuation of Taxable Supply & Valuation Rules… Read More »

No addition on basis of loose papers recovered during search of third parties

Held In the present case, the solitary basis for addition of over Rs. 1.67 crores was the chart recovered from the premises of Mr. B. K. Dhingra. Whatever be the facial indications, one thing is apparent i.e. that it revealed some amounts were paid by the third parties. The details of cheques and other particulars… Read More »

POEM Principles / Place of Effective Management

Place of Effective Management – POEM Principles Circular No. 06 of 2017 F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 24 th January, 2017 Subject: Guiding Principles for determination of Place of Effective Management (POEM) of a Company. Download Complete CBDT Circular on POEM Principles

Indian Institute of Management Bill 2017 Approved by Govt

Cabinet approves Indian Institute of Management Bill, 2017 IIMs to be declared as Institutions of National Importance The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Indian Institute of Management(IIM) Bill, 2017, under which the IIMswould be declared as Institutions of National Importance which will enable them togrant degrees to… Read More »

Interest waiver for Farmers for Nov and Dec 16 approved by Govt

Cabinet approves Interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks and providing interest subvention to National Bank for Agricultural and Rural Development (NABARD) on additional refinance by NABARD to Cooperative Banks The Union Cabinet chaired by the Prime Minister Shri Narendra Modi… Read More »

Filing appeal in High Court by Department – CBEC Fixed monetary Limit

Monetary limit of Rs.20,00,000/- prescribed for filing appeal in the High Court Central Board of Excise & Customs vide Circular F.No.390/Misc./163/2010-JC/Pt,Dated: December 30, 2016, has fixed the monetary limit of Rs. 20,00,000/- below which appeal shall not be filed in the High Court by the department. Download [Circular F.No.390/Misc./163/2010-JC/Pt, Dated: December 30, 2016] 

Government e-Marketplace

Government e-Marketplace gem.gov.in Procurement Made Smart Introduction:Public procurement forms a very important part of Government activity and reform in Public Procurement is one of the top priorities of the present Government. Government e-Marketplace (GeM) is a very bold step of the Government with the aim to transform the way in which procurement of goods and… Read More »