Daily Archives: May 25, 2017

Coverage of Beedi establishments and workers under EPF & MP Act 1952.

EMPLOYEES PROVIDENT FUND ORGANIZATION (Ministry of Labor & Employment, Govt. of India) Head Office Bhavishya Nidhi Bhawan, 14, Bhikaji Cama Palace, New Delhi- 110066. No. C-I/3(6)2017/Special drive Beedi Workers/4098                                                                                    Date: 24 MAY 2017 To All Additional Central P.F. Commissioner (Zones) All Regional P.F. Commissioner-I & II-In-charge of ROs. Sub: Coverage of Beedi establishments and workers.… Read More »

Authority under Prohibition of Benami Property Transactions Act 1988 Notified

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2017 New Delhi, the 18th May, 2017 (Income-tax) Authority under the Prohibition of Benami Property Transactions Act, 1988 S.O. 1621(E). – In exercise of the powers conferred under sub-section (2) of section 28 read with section 59 of the Prohibition of Benami Property… Read More »

Bank of India Empanelment of Concurrent Auditors

Application Invited By Bank Of India For Empanelment Of Concurrent Auditors In 157 Branches All Over India. Last date of submission: 05.06.2017 Link to Apply Online Terms for Appointment to be confirmed by Applicant a. Any other firm where my / our proprietor / partner is interested as proprietor / partner shall not apply b.… Read More »

Addendum to GST Rate Schedule for Goods

ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18th May, 2017] I. The following amendments / additions are required to be made to the aforesaid document: 1. In S.No.22,- (i) In the Nil rate column, the entry “Tender coconut water put in unit container and… Read More »

GST: Tax on 90% market value in deal among related parties

GST: Tax on 90% market value in deal among related parties GST: Tax on 90% market value in deal among related parties Companies can pay goods and services tax on 90% of the market value in case of supply of goods to entities such as subsidiaries, branches and joint ventures, following changes made by the… Read More »

Category: GST

Startup Entity redefined by Govt – Notification

 Startup By following Notification Govt has issued new definition of Start up . For Older Definition of Start up read Notification Dated 17.02.2016 MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) NOTIFICATION New Delhi, the 23rd May, 2017 G.S.R. 501 (E).—This notification is being issued in supersession of Gazette Notification No G.S.R.… Read More »

400 benami transaction identified by Income tax Department

Income Tax Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016   The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November, 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. As per the Act, Benami property… Read More »