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Archive: July, 2017

Posts in July, 2017

Cabinet Secretary reviews post GST situation

July 4, 2017 984 Views 0 comment Print

Cabinet Secretary reviews post GST situation with Secretaries and Senior Officers of different Departments; Ask them among others to ensure that there is adequate supply of commodities especially essential and consumer items to keep their prices under check. The Cabinet Secretary, Shri P.K. Sinha reviewed the post GST implementation situation here today with the Secretaries […]

Post GST 22 States in India abolishes their check posts

July 4, 2017 1890 Views 0 comment Print

The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll-out of the GST, 22 States in India have abolished their check posts. The details are as under –

Request to not to circulate wrong GST related messages on social Media

July 4, 2017 1890 Views 0 comment Print

Appeal to people not to start circulating wrong messages on social media as no distinction is made in the GST Law on any provision based on religion. There are some messages going around in the social media stating that the temple trusts have to pay the GST while the churches and mosques are exempt. This […]

Bill of supply in GST Regime

July 4, 2017 45432 Views 4 comments Print

Tax invoice is generally issued to charge the tax and pass on the credit. In GST there are some instances where the supplier is not allowed to charge any tax and hence a Tax invoice can’t be issued instead another document called Bill of Supply is issued.

Highlights of GST

July 3, 2017 17010 Views 4 comments Print

GST provisions which are applicable for all the traders are as follows: 1. All the information about GST is available at cbec.gov.in 2. If the aggregate turnover of any person is more than Rs. 20 Lakh then it is compulsory to take the registration for him. 3. On Interstate transactions IGST will be levied. CGST and SGST will be levied on Intrastate transactions. Similarly, UTGST will be levied on Union territory transactions.

Vacancy for CA for the profile of Brand Financial Analyst

July 3, 2017 1692 Views 0 comment Print

Vacancy for CA for the profile of Brand Financial Analyst at Bangalore for those who  are having experience in the relevant field of  2 to 3 Years in FMCG Industry at Managerial Level. Job Description: The job purpose of Brand Financial Analyst involves monitoring & reporting business parameter, high light periodically risks/opportunities in the business […]

Securities Contracts (Regulation) (Third Amendment) Rules, 2017

July 3, 2017 2256 Views 0 comment Print

1. (1) These rules may be called as Securities Contracts (Regulation) (Third Amendment) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Investment by FPI in Govt Securities Medium Term Framework Review

July 3, 2017 1026 Views 0 comment Print

Currently ‘long term’ category of FPI investors accounts for about 20% of the total investment by FPIs in Central Government securities. In order to recalibrate the Framework to meet the objective of a preference for long-term investors and also with a view to manage the macro-prudential implications of evolving capital flows, the MTF has been reviewed. Based on the review, the following modifications are made to the Framework.

RBI Master Circular 2017– Facility for Exchange of Notes and Coins

July 3, 2017 2070 Views 0 comment Print

Please refer to the Master Circular DCM(NE)No. G-1/08.07.18/2016-17 dated July 18, 2016 containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject is annexed for your information and necessary action.

CBEC amends notification no. 28/2002-central excise dated 13.05.2002

July 3, 2017 1980 Views 0 comment Print

Central Government hereby makes the following further amendment in the notification No. 28/2002-Central Excise, dated the 13th May, 2002

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