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Archive: 18 August 2017

Posts in 18 August 2017

SEBI Advisory on Curbing misuse of bulk SMS in Share Market

August 18, 2017 840 Views 0 comment Print

It had come to the notice of the Securities and Exchange Board of India (SEBI) that there are increasing instances of bulk SMSs being sent to investors and the general public inducing them to invest in or purchase the stocks of certain listed companies, indicating target prices and giving fraudulent misleading/false information.

Reopening of assessment cannot be permitted merely on the ground of Survey

August 18, 2017 3363 Views 0 comment Print

Where AO reopened the assessment, based on statements recorded and material impounded during survey, however, without establishing any whisper from the reasons recorded regarding the escapement of any income, such reassessment based on suspicion and surmises was set aside.

Notice U/s. 148 Issued during pendency of assessment proceedings is invalid

August 18, 2017 4479 Views 0 comment Print

The assessing officer issued notice under section 148 for reassessment, during the pendency of assessment proceedings by issue of notice under section 148 which is bad in law and cannot be sustained

CBEC gives effect to renewed MoU on India-Bangladesh border haats

August 18, 2017 648 Views 0 comment Print

Seeks to further amend notification no. 60/2011-customs dated 14th july 2011 to give effect to renewed MoU on India-Bangladesh border haats- Notification No. 73/2017-Customs

Anti-dumping duty on Textured Toughened (Tempered) Glass import from China

August 18, 2017 4356 Views 0 comment Print

CBEC imposes Seeks to impose anti-dumping duty on TexturedToughened (Tempered) Glass , originating in or exported from China PR -Notification No. 38/2017-Customs (ADD)

MGST: Distribution of GST Provisional Id & Access Token of Phase 10 dealer

August 18, 2017 855 Views 0 comment Print

Provisional Ids and Access Token of Phase 10 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department’s portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal.

Maharashtra GST- Reduction in tax rate of Tractor Parts

August 18, 2017 1581 Views 0 comment Print

No. MGST-1017/C.R.139/Taxation-1.—In exercise of the powers conferred by sub-section (1) of Section 9 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017), (hereinafter referred to as said Act), the Government of Maharashtra,

Due Dates for submission of return in Form GSTR-3B in Maharashtra

August 18, 2017 2976 Views 1 comment Print

Commissioner of State Tax, Maharashtra State, on the recommendations of the Council, hereby specifies that the return for the month as specified in column (2) of the Table below shall be furnished in FORM GSTR-3B electronically through the common portal on or before the dates as specified in the corresponding entry in column (3) of the said Table, namely :

Submit note in respect of each high-pitched assessment case: Revenue Secretary

August 18, 2017 2799 Views 0 comment Print

In April, 2017, Board had called for all India information regarding functioning of Regional Committees to deal with Tax Payer Grievances from High Pitched Assessments. Some of the charges had reported that the Committees had identified some cases as ‘High-Pitched’.

Format for Authorisation of Repayment o Housing Loan out of PF Account

August 18, 2017 3282 Views 0 comment Print

Cash Branch should ensure that generation and disbursal of EMIs in respect of the all claims under para 68-BD(4) of EPF Scheme, 1952 on the 1st working day of the month. The Cash Branch should also generate the forwarding letters for intimation for disbursal of EMIs to the lending agency as well as to the member, on the first working day of the month itself.

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