Daily Archives: September 19, 2018

External Commercial Borrowings (ECB) Policy – Liberalisation by RBI

By | September 19, 2018

RBI/2018-19/48 A.P. (DIR Series) Circular No.9 September 19, 2018 To All Category-I Authorised Dealer Banks Madam / Sir External Commercial Borrowings (ECB) Policy – Liberalisation Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.4.1 and 3.3.3 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit, Borrowing and Lending… Read More »

Category: RBI

Stipend for the Practical Training increased by Cost Accountants of India

By | September 19, 2018

Institute Of Cost Accountants Of India Revises Minimum Stipend for the Practical Training from Corporate/Organization effective from 1st October, 2018 onwards vide Circular Ref. No.: DOS/8/09/2018-19   September 10, 2018 Revision in Minimum Stipend for the Practical Training from Corporate/Organization As approved by the Council in its 313th Meeting held on 21/7/2018, it is notified that suggested minimum… Read More »

How to Amend GST Registration Core and Non-Core Fields

By | September 19, 2018

Core and Non-Core Fields : Amendment of GST Registration 1. Can amendments be made to the information submitted in the Registration Application? Once the applicant is registered under GST, the need for amendments in registration may arise due to several factors such as a change in address, change in contact number, change in business details… Read More »

Category: GST

No GST even if toll charges collected by sub contractor : AAR

By | September 19, 2018

In case of providing access to a Road or Bridge on payment of toll charge, the exemption is totally based on service of providing access to a road or a bridge on payment of toll charges. There is no restriction regarding the supplier or the recipient of the supply. In the instant case, therefore, even… Read More »

GST Exam MCQ : Part 2

By | September 19, 2018

GST Exam MCQ : Part 2 (Multiple Choice Questions) GST Exam MCQ : Part 2 Refer Q Definition of Goods under CGST Act 2017 does not include the following A) Movable property B) Growing Crops C) Secrurities D) Actionable Claims Answer C) Refer Section 2(52) of the CGST Act, 2017, Q Works contract under CGST Act… Read More »

GST Return Not Filed : Consequences

By | September 19, 2018

GST Return Not Filed : Consequences If a taxable person fails to file the return required under law [ under section 39 (monthly/quarterly), or Section 45 (final return)], what legal recourse is available to the tax officer? The proper officer has to first issue a notice to the defaulting taxable person under section 46 [Notice… Read More »

Category: GST