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Archive: June, 2017

Posts in June, 2017

No Penalty on Income bonafidely disclosed during Scrutiny

June 8, 2017 6798 Views 0 comment Print

In the present case, the assessee has disclosed all the particulars before completion of the assessment u/s 143(3), though the details were filed in the scrutiny proceeding.

CIC directs CBDT to educate concerned officials about RTI Law

June 8, 2017 1794 Views 0 comment Print

Commissiono instructs CBDT to convene periodic conferences/ seminars to sensitise, familiarise and educate the concerned officials about the relevant provisions of the RTI Act, 2005 for effective discharge of its duties and responsibilities.

MVAT: Computerized Desk Audit (CDA) for the period 2014-15

June 8, 2017 5340 Views 0 comment Print

The department has now generated Computerized Desk Audit (CDA) reports for the period 2014-2015 after analyzing electronic data pertaining to e-Returns, audit reports in form e-704 and annexures thereof uploaded by all the dealers. The CDA for this period has resulted into -findings of likely tax liability in respect of some of the dealers. The CDA findings for this period are available through dealers’ access on the web site www.mahavat.gov,in and also dealers can submit compliance electronically. The dealer will not be required to visit the sales tax office for audit period if he agrees with the findings of the CDA and pays tax as per CDA along with applicable interests.

Recording of PPO No. in passbook of Pensioners / Family Pensioners

June 8, 2017 1197 Views 0 comment Print

As you are aware, it has been decided to record the PPO number in all the pension passbooks of the pensioners/family pensioners issued to them. This is to alleviate the difficulties reported by pensioners/family pensioners to get duplicate Pension Payment Orders (PPO) in case of missing of original PPO, transfer of pension account from one bank/branch to another bank/branch, commencement of family pension to spouse or dependent children after the death of pensioner, etc. in the absence of ready availability of PPO numbers.

Definition of International Worker under EPF scheme 1952

June 8, 2017 15117 Views 0 comment Print

An Indian employee will be treated as International Worker only when (i) he has worked or is going to work in a foreign country with which India has entered into Social Security Agreement and (ii) he is eligible to avail the benefits under a social security programme of the said foreign country.

Guideline for Enrollment of GST Practitioner

June 8, 2017 9108 Views 2 comments Print

The forms pertaining to GST Practitioner are as follows : GST PCT 1: Application for enrollment as a GST Practitioner. GST PCT 2: Certificate of enrollment as a GST practitioner , issued by an authorized officer. GST PCT 3: Notice seeking additional information on application for enrollment or show cause notice issued to GST practitioners for misconduct,

Revised Branch Authorisation Policy for unbanked villages

June 8, 2017 978 Views 0 comment Print

Rationalisation of Branch Authorisation Policy – Revision of Guidelines’ wherein final guidelines on ‘Banking Outlets’ have been issued with a view to facilitate financial inclusion as also to provide flexibility to banks on the choice of delivery channel.

Haryana Goods and Services Tax Act, 2017

June 8, 2017 2139 Views 0 comment Print

THE HARYANA GOODS AND SERVICES TAX ACT, 2017 AN ACT to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Haryana and for matters connected therewith or incidental thereto.

Revision in Import policy of Poultry and Poultry Products

June 8, 2017 843 Views 0 comment Print

Import policy of Poultry and Poultry Products is revised and will be regulated as per S.O. 2337(E) dated 8th July, 2016, as amended from time to time, issued under the Livestock Importation Act, 1898.

Disbursement of benefits to eligible EPF members under PMRPY/PMPRPY Schemes

June 8, 2017 3270 Views 0 comment Print

EPFO has been nominated as the nodal organisation for implementation of the PMRPY/PMPRPY Scheme vis-à-vis verification of the credentials of the eligible beneficiaries and payment of benefits to them in accordance with the guidelines of PMRPY/PMPRPY schemes besides creating awareness for maximum outreach of the PMRPY/PMPRPY

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