"26 May 2017" Archive - Page 3

Clearance of consignments with packing material / pallets at various CFSs of JNCH

Public Notice No. 67/2017-JNCH 26/05/2017

It has been represented by Trade that they are facing difficulty to clear the consignments along with the packing material such as pallets at various CFSs within the jurisdiction of JNCH as they are required to obtain permission to take such deliveries which results in higher dwell time for clearance as well as increase in the transaction...

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Launch of Income Tax Business Application (ITBA)- Prosecution Module (Phase 2)- Reg.

ITBA- Prosecution Instruction No. 2 26/05/2017

This is in reference to the subject mentioned above. Phase 1 of the Prosecution Module of ITBA was rolled out on 03.03/017 in which facility to initiate prosecution proposal. issue authorization u/s 279(1) and recording Court proceedings was provided. The functionality for Compounding Proceedings and Grant/ Withdraw Immunity has now been ...

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5 Most Significant Benefits of GST for SMEs

With all Central legislations in place and only State level ratifications pending, the stage is set for GST implementation. The 1 July 2017 target also seems realistic given that the major hurdles have been crossed....

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Posted Under: DGFT | , ,

Impact of GST on marketing strategy

Free supplies would be liable to excise duty, while under the VAT laws, free supplies would require reversal of input tax credit; Under the GST law, the treatment would be similar to the present VAT laws, where the supplies are made without any consideration (monetary/ otherwise)....

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Posted Under: DGFT |

Independent Directors – Big Role to Play “Better Late than Never”

Independent Directors- Who are they, Laws governing them, Position hold, Strength, Qualification, Appointment procedure, Pecuniary benefits, Tenure, Resignation or removal, Data bank, Liability and Special code under Companies Act, 2013”...

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Posted Under: DGFT |

Order No. 86 of 2017: Promotion and Posting in Pr. CCIT Grade

Order No. 86 of 2017-Income Tax 26/05/2017

The following officers in the grade of Chief Commissioner of Income Tax (CCIT) are, hereby, promoted to the post of Principal Chief Commissioner of Income Tax (Pr. CCIT) in the pay scale of Rs. 80, 000/- (Fixed - pre- revised) with effect from the date of assumption of the charge of the post and until further orders...

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Action Plan for NPA Ordinance – Sequel 2

Complementing the Ordinance on Non-Performing Assets (NPA) which originally brought a whole new breeze in the resolution space in India, RBI has come up with a press release as a further to the first step in crystallizing the concept as laid down in the Ordinance. RBI has brought a lot of changes for the purpose of implementation of the ...

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Posted Under: DGFT |

Return filing under GST

Submission of details of transaction that the business was indulged in for a given period , in prescribed period can be termed as ‘Return’. It can also be described as periodic statement of transactions carried out by organization. Every Act has certain returns prescribed which has to be filed with certain departments / authorities et...

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Posted Under: DGFT | ,

Meaning of “supply” in CGST Act, 2017

All forms of supply of goods and/ or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business....

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Posted Under: DGFT |

Infrastructure: Giant strides

From Bharatmala to Sethu Bharatam, from highways to expressways and from Chardham to Kailash Mansarovar- giant strides to overhaul India's infrastructure are underway. On completion of three years of the Narendra Modi regime, government has to its claim a never before award of contracts for construction of 34,018 km of highways during 201...

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Posted Under: DGFT |

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