Daily Archives: March 28, 2018

No penalty if Income Tax notice didn’t specify concealment or furnishing inaccurate income

By | March 28, 2018

Issue A copy of the show cause notice u/s 274 of the Act was filed before us and perusal of the same reveals that AO has not struck out the irrelevant portion in the show cause notice The same is reproduced for the purpose of ready reference: “Have concealed the particulars of your income or… Read More »

RTGS and NEFT will continue till midnight on March 31, 2018 : RBI

By | March 28, 2018

RBI/2017-18/144 DGBA.GBD.No.2388/42.01.029/2017-18 March 27, 2018 All agency banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18) The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the… Read More »

Category: RBI

RBI Special Clearing operations on March 31, 2018

By | March 28, 2018

RBI/2017-18/145 DPSS.CO.CHD.No./2707/03.01.03/2017-18 March 28, 2018 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 31, 2018 A reference is invited to the circular issued… Read More »

Category: RBI

Pensioner’s Portal at EPFO website : Track eKYC status online

By | March 28, 2018

Pensioner’s Portal at EPFO website Ministry of Labour & Employment Posted On: 28 MAR 2018 11:30AM by PIB Delhi EPFO has launched the pensioner’s portal  https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number,… Read More »

India’s Contribution to World’s GDP

By | March 28, 2018

Ministry of Finance India’s Contribution to World’s GDP Posted On: 28 MAR 2018 4:00PM by PIB Delhi As per the information available from World Bank and International Monetary Fund (IMF), the contribution of India to world’s Gross Domestic Product (GDP), measured as share of GDP of India in world GDP (at current prices in US$… Read More »

Sale of Electoral Bonds through SBI w.e.f. 02.04.2018 to 10.04.2018.

By | March 28, 2018

Ministry of Finance Electoral Bond Scheme 2018 Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) Posted On: 28 MAR 2018 5:15PM by PIB Delhi Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds… Read More »

Uttarakhand GST : No eway bill for intra state movement of goods

By | March 28, 2018

SECTION 68 OF THE UTTARAKHAND GOODS AND SERVICES TAX ACT, 2017, READ WITH RULE 138 OF THE UTTARAKHAND GOODS AND SERVICES TAX RULES, 2017 – GOODS IN MOVEMENT – INSPECTION OF – NO E-WAY BILL REQUIRED TO BE GENERATED FOR INTRA-STATE MOVEMENT OF GOODS IN STATE OF UTTARAKHAND TILL FURTHER ORDERS NOTIFICATION NO.6376/CSTUK/GST-VIDHI/2017-18, DATED 28-3-2018 RESCINDED… Read More »

Tripura : No eway bill for intra state movement of goods

By | March 28, 2018

Tripura  : No eway bill for intra state movement of goods RULE 138 OF THE CENTRAL GOODS & SERVICES TAX RULES, 2017, READ WITH RULE 138 OF THE TRIPURA STATE GOODS & SERVICES TAX RULES, 2017- E-WAY BILL – E-WAY BILL NOT REQUIRED FOR MOVEMENT OF GOODS WITHIN TRIPURA NOTIFICATION NO.F.11(91)-TAX/GST/2018 (PART-I), DATED 28-3-2018 RESCINDED BY NOTIFICATION… Read More »

Madhya Pradesh : No eway bill for intra state movement of goods : Notification

By | March 28, 2018

RULE 138 OF THE CENTRAL GOODS & SERVICES TAX RULES, 2017, READ WITH RULE 138 OF THE MADHYA PRADESH GOODS & SERVICES TAX RULES, 2017- E-WAY BILL – E-WAY BILL NOT REQUIRED FOR MOVEMENT OF GOODS WITHIN MADHYA PRADESH NOTIFICATION NO. F.A. 3-08/2018/1/V (41), DATED 28-3-2018 SUPERSEDED BY NOTIFICATION NO.F-A-3-08-2018-1-V (43), DATED 24-4-2018 In exercise of the… Read More »

Finacle e-Learning module for Auditors

By | March 28, 2018

PDC of ICAI Presents Finacle e-Learning-An Effective Auditing Tool   • Since the audit of the Banks for the year 2017-18 is about to start, the ICAI has aimed at setting up a benchmark in Bank Audits by using the technical expertise of Finacle partners, Infosys, as they have committed to provide us a comprehensive and… Read More »

Multinational Accounting Firms in India : ICAI constituted Group to examine issues

By | March 28, 2018

No.M-626/08/MAF&PWC/2018 27th March, 2018 Madam/Dear Sir, ALL MEMBERS OF THE COUNCIL Sub.: Constitution of a Group to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in the matter of operation of Multinational Accounting Firms in India The Hon’ble Supreme Court of India vide its combined Judgement dated 23rd… Read More »

Bring Petrol & diesel under GST : Court can not issue direction to Govt : HC

By | March 28, 2018

HIGH COURT OF MADRAS K.K. Ramesh v. Union of India M. SATHYANARAYANAN AND MRS. R. HEMALATHA, JJ. W.P. (MD) NO. 5484 OF 2018 MARCH  15, 2018 K.K. Ramesh for the Petitioner. V. Kathirvelu and V. Jeya Kumar for the Respondent. ORDER M. Sathyanarayanan, J.- The present Writ Petition is filed as a ‘Public Interest Litigation’ by the petitioner/party-in-person, stating among other things, that… Read More »

GST not included in tender price ? Authorities have right to obtain information : HC

By | March 28, 2018

HIGH COURT OF CALCUTTA Kakali Bera v. Union of India DEBANGSU BASAK, J. W.P. (C) NO. 569 OF 2018 JANUARY  17, 2018   Harpal Singh and Nilanjan Bhattacharya for the Petitioners. Indrajit Das Gupta and Tapan Bhanja for the Respondent. ORDER 1. A tender process initiated by the Geological Survey of India, Eastern Region by a notice inviting tender dated April 27, 2017… Read More »

11 Points to do list under GST before 31-3-2018

By | March 28, 2018

The Financial year 2017-18 is coming to end on 31st March, 2018 and business community is busy closing its books of account. This year the closing is special as it is the first year closing under the new GST regime  11 important aspects – Tabular Presentation 1. Those dealers who have claimed transitional deemed credit… Read More »

Category: GST

No need to submit original certificate at the time of College Admissions

By | March 28, 2018

Ministry of Human Resource Development No need to submit original certificate at the time of College Admissions Posted On: 27 MAR 2018 5:23PM by PIB Delhi The University Grants Commission had issued a notification dated 6th December, 2016 on “Remittance and Refund of Fees and other Student Centric Issues” wherein Vice-Chancellors of all Universities were requested… Read More »

HDFC Bank RTGS & NEFT Form in PDF Format : Download / Print

By | March 28, 2018

HDFC Bank RTGS & NEFT Form in PDF Format. Download HDFC Bank RTGS and NEFT Application Form in PDF Format. Download HDFC Bank NEFT Form in PDF Format, Download HDFC Bank RTGS Form in PDF Format. Download Latest & Updated HDFC Bank RTGS / NEFT Form in PDF format. Request form of RTGS/ NEFT for HDFC Bank.… Read More »