Daily Archives: May 18, 2017

GST FAQ’s in Odiya – 31.03.2017 – Download

GST FAQ’s in Odiya Download GST FAQ’s in Odiya released by CBEC on 31.03.2017   GST FAQ’s in Tamil – 31.03.2017 GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Bengali – 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book Marathi – Free… Read More »

GST FAQ’s in Tamil – 31.03.2017

GST FAQ’s in Tamil released  by CBEC on 31.03.2017 Download GST FAQ’s in Tamil GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Bengali – 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book Marathi – Free E Download GST PPT Marathi – Download… Read More »

EPFO beneficiaries to get payment through e -fund transfer system

EPFO beneficiaries to get payment through electronic or digital fund transfer system   The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefits, pension disbursement and insurance claim.  For this purpose, suitable amendments have been made in all the three… Read More »

Fugitive Economic Offenders Bill 2017 – Govt of India Invites Comments

Government invites comments / suggestions of all stakeholders concerned / public at large on the Draft ‘Fugitive Economic Offenders Bill, 2017’ It is widely felt that the spectre of high-value economic offenders absconding from India to defy the legal process seriously undermines the rule of law in India. It is, therefore, felt necessary to provide… Read More »

Exchange Rate of Foreign Currency w.e.f 19.05.2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.43/2017-CUSTOMS (N.T.), dated 4th May, 2017, except as respects things done or omitted… Read More »

Advertising by CA’S in practice engaged in Coaching/Teaching activities – ICAI Annoucementt

INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA ANNOUNCEMENT Re: Advertising by members in practice engaged in Coaching/Teaching activities Regulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not engage in any business or occupation other than the profession of accountancy, except with the permission granted in accordance with a… Read More »

Schedule III Rajashtan GST Act 2017 – Activities or transactions which shall be treated neither as a supply of goods nor a supply of services

Schedule III Rajashtan GST Act 2017 Schedule III Rajashtan GST Act 2017 explains activities or transactions which shall be treated neither as a supply of  goods nor a supply of services ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for… Read More »

Schedule II Rajashtan GST Act 2017 – ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES

Schedule II Rajashtan GST Act 2017 Schedule II Rajashtan GST Act 2017 explains activities to be treated as supply of goods or supply of  services  ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on… Read More »

Schedule I Rajashtan GST Act 2017 – Activities To Be Treated As Supply Even If Made Without Consideration

Schedule I Rajashtan GST Act 2017 Schedule I Rajashtan GST Act 2017 explains  Activities To Be Treated As Supply Even If Made Without Consideration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Section 169 Rajashtan GST Act 2017 – Service of notice in certain circumstances

Section 169 Rajashtan GST Act 2017 Section 169 Rajashtan GST Act 2017 explains Service of notice in certain circumstances and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Section 168 Rajashtan GST Act 2017 – Power to issue instructions or directions

Section 168 Rajashtan GST Act 2017 Section 168 Rajashtan GST Act 2017 explains Power to issue instructions or directions and is covered in Chapter XXI Miscellaneous ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State… Read More »

Jammu and Kashmir GST council meet starts today – 18.05.2017

Jammu and Kashmir GST council meet starts today Jammu and Kashmir finance minister Haseeb Drabu said the shift to goods and services tax marks the emergence of a new federal India and that the state will convene a special session in June to pass the law on its own terms to preserve its special status.… Read More »

Category: GST

Export benefit scheme to be GST compliant

Export benefit scheme to be GST compliant The government is re-designing the export benefit scheme MEIS to make it senior official said today. Neeraj Prasad, Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC) also said that the issue of working capital requirements under the new tax regime is being deliberated upon by… Read More »

Category: GST

Lower GST rate for insurance, telecom likely

Lower GST rate for insurance, telecom likely The Centre and states are working to ensure there is a lower GST burden on telecom and financial services, a move that will keep a check on insurance and phone bills, even as states pitch for concessions for products such as ‘puja samagri’ and textiles. Sources told TOI… Read More »

Category: GST

Interest on Fixed Deposits from unutilized funds of Power Plant Taxable – income from other source

Held The Hon’ble jurisdictional High Court in the case of CIT v. Rasi Cement Ltd. [1998] 232 ITR 554 (AP) has answered similar questions involved in favour of the Revenue. The question before the Hon’ble High Court was whether the interest earned on surplus funds deposited in the banks during the installation of the company,… Read More »

HP VAT 5th Amendment Rules 2017.

[Authoritative English text of this Department Notification No. EXN-F(10)-15/2016 dated 29/04/2017 as required under clause (3) of article 348 of the Constitution of India.] Government of Himachal Pradesh Excise and Taxation Department No. EXN-F(10)-15/2016 Dated: 29th April, 2017. NOTIFICATION In exercise of the powers conferred by section 63 of the Himachal Pradesh Value Added Tax… Read More »

Procedure for clearance of Waste Paper

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 11.05.2017 PUBLIC NOTICE NO. 60/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of all the Importers, Customs… Read More »

Discontinuation of High Seas Sale Registration Procedure at JNCH Port

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F.No. S/12-Gen-38/2015-16 AM (X) Pt I Date: 02.05.2017 PUBLIC NOTICE NO. 58/2017 Subject: Request for discontinuation of High Seas Sale Registration Procedure at Import Noting Section of JNCH – Reg Attention of the Importers, Exporters,… Read More »

Revised procedure for clearance of Waste Paper – Mumbai Custom Zone-II

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 16.05.2017 STANDING ORDER NO. 11/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of Officers of Customs… Read More »

Ind AS Transition Facilitation Group Clarification Bulletin 9

‘Ind AS Transition Facilitation Group’ (ITFG) of Ind AS Implementation Committee has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under the Companies (Indian Accounting Standards) Rules, 2015, raised by preparers, users and other stakeholders. Ind AS Transition Facilitation Group (ITFG) considered… Read More »

Tax Invoice under GST of India – Analysis

TAX INVOICE UNDER GST OF INDIA Tax Invoice Provision under GST is different than provision under VAT Laws. under VAT laws , for Example Invoice for supply of goods was required to be issued under existing VAT when ‘transfer of property’ takes place even though delivery has not been taken place but under GST ,… Read More »

Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018

Press Information Bureau Government of India Ministry of Corporate Affairs 17-May-2017 18:41 IST Second Edition of Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3) of the Insolvency… Read More »