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Archive: 27 March 2017

Posts in 27 March 2017

Re-organisation of Field Formations in CBEC in GST Regime

March 27, 2017 2751 Views 0 comment Print

Important Recommendations of WG:- No major shake up in structure to avoid ‘rocking the boat Factoring in of Revenue along with Tax-payer base, Hybrid model of Functional and Territorial jurisdiction, Functional/ industry specialisation to be limited to Division for the present, Verticals namely DGCEI, NACEN, Systems, TPS to be strengthened and AR(GST) to be created. Adjudication to stop at Addl Commissioner level

List of designated ports for imports of un-shredded metallic scrap

March 27, 2017 5160 Views 0 comment Print

Para 2.54(d)(iv) of the Handbook of Procedures, 2015-2020 has been amended to reflect the list of designated ports for imports of un-shredded metallic scrap and the period for installation and operationalisation of Radiation Portal Monitors and Container Scanner in these ports is extended uptil 31.3.2018.

Amendment in export policy of edible oils

March 27, 2017 492 Views 0 comment Print

Export of Groundnut oil, Sesame oil, Soyabean oil and Maize (Corn) oil in bulk, irrespective of any pack size, has been exempted from the prohibition on export of edible oil.

A Government Dedicated To The Poor

March 27, 2017 879 Views 1 comment Print

In the past three years, the Modi government has undertaken a series of sweeping economic reforms. In fact, if the 1991 liberalization efforts are characterized as Reforms 1.0, and if the economic changes unleashed by the Vajpayee government from 1998 to 2004

SC on depreciation on leased immovable property in absence of registered deed

March 27, 2017 1935 Views 0 comment Print

It is only when the assessee holds a lease right or other right of occupancy and any capital expenditure is incurred by the assesee on the construction of any structure or doing of any work in or in relation to and by way of renovation or extension of or improvement to the building and the expenditure on construction is incurred by the assessee, that assessee would be entitled to depreciation to the extent of any such expenditure incurred.

GST: Provide building wise data of formations & Sanctioned Strength

March 27, 2017 1575 Views 0 comment Print

After the GST reorganization, several changes will take place in the location of Commissionerates, Divisions and Ranges. For augmentation of hardware, the building wise data of the list of formations housed in that building and the sanctioned strength of various cadres is required.

Upgrading India’s Health Infastructure to ensure Health for All

March 27, 2017 762 Views 0 comment Print

Health is a basic human need. Healthy people are more productive, enabling them to earn and save more, therefore contributing to the nation’s prosperity. Thereby to shape a holistically productive and developed nation, the health of all its citizens especially those in need of it the most

Reg. notification specifying Increase in thresholds of De Minimis Exemption

March 27, 2017 1074 Views 0 comment Print

S.O. 989(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby rescinds the notification of the Government of India in the Ministry of Corporate Affairs, S.O. 674(E), dated the 4th March, 2016

Towards ENSURING quality Education

March 27, 2017 780 Views 0 comment Print

The department of School Education & Literacy is taking several steps to make school education job-oriented and qualitative. The Department is implementing a component of Vocationalisation of Secondary & Higher Secondary Education under Centrally sponsored scheme of Rashtriya Madhyamik Shiksha Abhiyan (RMSA)

Notification on Exemption under section 5 of Competition Act, 2012

March 27, 2017 2784 Views 0 comment Print

Where a portion of an enterprise or division or business is being acquired, taken control of, merged or amalgamated with another enterprise, the value of assets of the said portion or division or business and or attributable to it, shall be the relevant assets and turnover to be taken into account for the purpose of calculating the thresholds under section 5 of the Act

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