Daily Archives: March 11, 2017

SCHEDULE IV Revised Model GST Law – Govt Transactions – Neither supply of Goods nor Services

By | March 11, 2017

SCHEDULE IV  Revised Model GST Law [ Nov 2016] ACTIVITIES OR TRANSACTIONS UNDERTAKEN BY THE CENTRAL GOVERNMENT, A STATE GOVERNMENT OR ANY LOCAL AUTHORITY WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES  Services provided by a Government or local authority to another Government or local authority excluding the following services:… Read More »

Category: GST

SCHEDULE III Revised Model GST Law – Transactions – Neither Supply nor Services

By | March 11, 2017

SCHEDULE III  Revised Model GST Law [ Nov 2016] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES  Services by an employee to the employer in the course of or in relation to his employment. Services by any Court or Tribunal established under any law for the time… Read More »

SCHEDULE I – Revised Model GST Law – Matters to be treated as supply without consideration

By | March 11, 2017

SCHEDULE I – Revised Model GST Law Revised Model GST Law, [ Nov 2016] SCHEDULE I  MATTERS TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION [IN TERMS OF CLAUSE (c) OF SUBSECTION (1) OF SECTION 3] Permanent transfer /disposal of business assets where input tax credit has been availed on such assets. Supply of… Read More »

licence fee or privilege fee paid for Liquor lease is allowable Expenses

By | March 11, 2017

Held The assessing officer has no authority or competence to hold that the privilege fee is not having the character of statutory fee or that the State Legislature or the State Government in exercise of its power by way of a delegated legislation, cannot decide the quantum of fee or the percentage of the revenue… Read More »

Admiralty Bill 2016 Passed by Lok Sabha

By | March 11, 2017

Lok Sabha Passes the Admiralty Bill 2016 The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 was passed by the Lok Sabha yesterday. The Bill aims to establish a legal framework to consolidate the existing laws relating to admiralty jurisdiction of courts, admiralty proceedings on maritime claims, arrest of vessels and related issues. It… Read More »

Empanelment of CA Firms for Statutory Auditor for State/District Health Society Madhya Pradesh

By | March 11, 2017

State Health Society and District Health Society -Madhya Pradesh Last Date : Mar 24, 2017 For Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) for Audit of all programmes under NHM including flexible pools of NRHM-RCH, NUHM, NDCP and NCD. Address: Madhya Pradesh-India Download Complete RFP

Rs 10247 crores capital gain tax liability on Cairn affirmed by Delhi ITAT

By | March 11, 2017

IN THE ITAT DELHI BENCH ‘D’ Crain U K Holdings Ltd. v. Deputy Commissioner of Income Tax H. S. SIDHU, JUDICIAL MEMBER AND PRASHANT MAHARISHI, ACCOUNTANT MEMBER IT APPEAL NO. 1669 (DELHI) OF 2016 [ASSESSMENT YEAR 2007-08] MARCH  9, 2017 Percy Pardiwala, Sr. Adv. P. Maheshwari CA and Ms. Aarti Sathe Adv. for the Appellant.… Read More »

Safed Musli Grading and Marking Rules 2017 Notification 10.03.2017

By | March 11, 2017

MINISTRY OF AGRICULTURE AND FARMERS WELFARE (Department of Agriculture, Co-Operation and Farmers Welfare) NOTIFICATION New Delhi, the 10th March, 2017 G.S.R. 231(E).—Whereas, the Safed Musli Grading and Marking Rules, 2017, in exercise of the powers conferred by section 3 of the Agricultural Produce (Grading and Marking) Act, 1937 (1 of 1937) was published in the… Read More »

100% FDI in e commerce websites via automatic route allowed in India by Govt

By | March 11, 2017

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 9th March , 2017 No. FEMA.387/2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section… Read More »

GST on Agriculture – Agriculturalist Definition revised by Govt of India ?

By | March 11, 2017

Select farm goods to be taxed under revamped GST India has incorporated a new definition of ‘agriculturalist’ in the goods and services tax law to enable select farm items to be brought under the tax net nationwide. While farmers won’t have to register to pay the tax, registered buyers may need to collect the levy… Read More »

NBFC to Disburse loans against gold above Rs 20000 in non cash mode -RBI

By | March 11, 2017

RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve… Read More »

Post Budget Memorandum on Direct Taxes – 2017-18- BOCA

By | March 11, 2017

Bombay Chartered Accountants Society Date : 8th March 2017 Mr. Arun Jaitley Hon. Minister of Finance Government of India North Block New Delhi – 110 001. Respected Sir, THE FINANCE BILL – 2017 We compliment you for the focused and non populist Budget that was presented on 1st February. The idea of combining the Rail… Read More »

De-sealing of Business Premises – Delhi Vat Department Circular

By | March 11, 2017

DEPARTMENT OF TRADE & TAXES, GOVT. OF NCT OF DELHI (POLICY BRANCH) VYAPAR BHAWAN, LP..ESTATE, NEW DELHI. NoF.30/Policy/VAT/2016/1249-54 (645) Dated: 08/03/2017 CIRCULAR NO. 27 OF 2016-17 Subject:- De-sealing of Business Premises In line with the directions of Honrble High Court Delhi, in the matter of Sh. Narender Singh Vs. Deptt. of T&T (in WP(C)1627/2017), the… Read More »

Levy of Service Charge by Hotels -advisory to State Govt issued by center

By | March 11, 2017

Department of Consumer Affairs issues an advisory to the State Governments on Levy of Service Charge by Hotels It has come to the notice of this Ministry through a number of complaints from consumers received in the National Consumer Helpline that hotels and restaurants are following the practice of charging ‘service charge’ in the range… Read More »