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Archive: 05 April 2016

Posts in 05 April 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6447 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

RBI Changes Bank Rate to 7% with effect from April 05, 2016

April 5, 2016 2287 Views 1 comment Print

As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 05, 2016, the Bank Rate stands adjusted by 75 basis points from 7.75 per cent to 7.0 per cent with effect from April 05, 2016.

RBI reduces minimum daily maintenance of Cash Reserve Ratio requirement to 90 per cent

April 5, 2016 1498 Views 0 comment Print

As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 5, 2016, it has been decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 95 per cent of the requirement to 90 per cent effective from the fortnight beginning April 16, 2016.

GST Missed Out In Budget – 2016

April 5, 2016 3640 Views 0 comment Print

Union Budget for F.Y. 2016-17 is a complete miss so far as Goods and Services Tax is concerned, more so when everyone was expecting some announcement on GST in this Budget. The Budget speech in its opening paragraphs highlights the achievements of last three years including economic consolidation, growth and other strengths besides counting on the failures of previous Government but it lacks direction, vision, seriousness and commitment towards migrating to GST.

Vehicle seized under Section 39(1)(d) of Wild Life (Protection) Act, 1972 cannot be property of the Government unless finding is recorded by Criminal Court that vehicle is used for commission of offence.

April 5, 2016 9057 Views 0 comment Print

The petitioner No. 1 is the registered owner of Maruti Zen bearing registration No. CG.04/ZD 7655. The said vehicle was found involved in commission of offence punishable under Sections 9, 44, 51, 25 & 26(28) of the Wild Life (Protection) Act, 1972 (henceforth ‘Act of 1972’) and Criminal Case No. 647/2012 was registered in the Court of Judicial Magistrate First Class, Baloda Bazaar titled as State of Chhatisgarh v. Mohammad Shoaib & another and same is pending consideration.

RBI First Bi-monthly Monetary Policy Statement, 2016-17

April 5, 2016 2659 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.75 per cent to 6.5 per cent; reduce the minimum daily maintenance of the cash reserve ratio (CRR) from 95 per cent of the requirement to 90 per cent with effect from the fortnight beginning April 16, 2016, while keeping the CRR unchanged at 4.0 per cent of net demand and time liabilities (NDTL);

Financial year wise Interest Calculator on FDs (Fixed Deposits)

April 5, 2016 72256 Views 28 comments Print

Online interest calculators are available but none of them provide interest on financial year wise. They generally provide interest for the whole period of investment or interest break up for the different years which does not coincide with financial year (or previous year) applicable for the purpose of Income Tax return filing.

EOI for appointment of Internal Auditors with BSNL Ltd.

April 5, 2016 6784 Views 0 comment Print

INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR APPOINTMENT OF INTERNAL AUDITORS

Rebate of Excise duty admissible on both inputs & final products; SC dismisses review Petition

April 5, 2016 3016 Views 0 comment Print

It was emphatically held that the exporters are entitled to both the rebates i.e. amount of duty paid on inputs used in the manufacturing of exported goods as well as the amount of duty paid on exported final goods, under Rule 18 of the Central Excise Rules, 2002

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