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Archive: August, 2017

Posts in August, 2017

GST Payment when it will get reflected and what if not reflected

August 21, 2017 39616 Views 1 comment Print

What should a taxpayer do if his GST payments through challan are not reflected in the cash ledger? The taxpayer should raise a grievance on the GST Portal 24 hours after the successful payment communication is made by the Bank to the Taxpayer using the GST PMT-06 form. When will GST payments made through challans […]

India in Fast Motion

August 21, 2017 1212 Views 0 comment Print

During the initial years after country’s independence, the Government of the day had three major challenges to meet – managing the massive refugee crises and the consequent re-settlement of lakhs of people; integration of more than 560 princely states into one strong nation

India carves a unique place in space

August 21, 2017 1191 Views 0 comment Print

More than 53 summers ago, India had successfully put its first signature on space by launching the US-made ‘Nike-Apache’ two-stage sounding rocket (the first rocket) from Kerala’s obscure fishing hamlet Thumba.

Bombay HC on promotion or Increase in salary in a private Establishment

August 21, 2017 4620 Views 2 comments Print

Promotion or Increase in salary in a private Establishment is a managerial Function and cannot be claimed to be a condition of service in the Absence of any such policy : High court of Bombay

Govt puts restriction on Import of Urad/ Moong dal

August 21, 2017 1179 Views 0 comment Print

Import of Urad/ Moong shall be subject to an annual (fiscal year) quota of 3 lakh MT as per procedure to be notified. This restriction will not apply to Government’s import commitments under any bilateral/regional Agreement/MOU.

MGST: Extension of date for filing of return in FORM GSTR-3B

August 21, 2017 4284 Views 0 comment Print

No. JC(HQ)-1/GST/2017/Noti/18/ADM-8.—In exercise of the powers conferred by sub-rule (5) of the rule 61 of the Maharashtra Goods and Services Tax Rules, 2017 (hereinafter in this notification referred to as the said rules) and notification No. JC(HQ)-1/GST/2017/Noti/18/ADM- 8, dated the 8th August 2017

PML (Maintenance of Records) Third Amendment Rules, 2017

August 21, 2017 2136 Views 0 comment Print

1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

EPFO: Forwarding of details required for assessment and timely declaration of Productivity Linked Bonus for the year 2016-17

August 21, 2017 1026 Views 0 comment Print

The work relating to the assessment of Productivity Linked Bonus for the year 2016-17 has been taken up. The Productive Linked Bonus (PLB) for the employees of EPFO is assessed on the basis of the productivity achieved and manpower used in respect of each Regional Office separately.

CBEC Notification extending the date for filing of GSTR 3B

August 21, 2017 104047 Views 1 comment Print

In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 and notification No. 21/2017-Central Tax dated 08th August, 2017

Section 68: Peak Credit Benefit to accommodation entry provider

August 21, 2017 3741 Views 0 comment Print

 The legal position in respect of an accommodation entry provider seeking the benefit of ‘peak credit’ appears to have been totally overlooked by the ITAT in the present case. Indeed, if the Assessee as a self-confessed accommodation entry provider wanted to avail the benefit of the ‘peak credit’, he had to make a clean breast […]

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