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Archive: 11 October 2017

Posts in 11 October 2017

CBI Registers Case Against Deputy Commissioner of Customs

October 11, 2017 981 Views 0 comment Print

The Central Bureau of Investigation has registered a case against Deputy Commissioner, Customs; an Appraiser; an Examining Officer, all of Air Cargo Complex, NSCBI Airport, Kolkata; a private person and unknown others on a complaint from Customs Department alleging that the Deputy Commissioner

PFRDA rolls out Aadhaar based APY Subscription through eNPS platform

October 11, 2017 555 Views 0 comment Print

PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the customer’s convenience. Pension Fund Regulatory and Development Authority (PFRDA) has embarked upon several digital friendly steps for […]

Lessee to pay GST on Sale Value of Mineral purchased in E-Auction: SC

October 11, 2017 2133 Views 0 comment Print

G.S.T. payable on the sale value of the mineral purchased in the e-auction shall be paid by the buyer directly to the lessee and the lessee would be responsible for all compliances as may be required under Act. We further direct that the Monitoring Committee to prepare appropriate proforma and also take steps for carrying proper Tax Identification Number of the respective lessees on the invoices as may be required

Master Direction on Issuance and Operation of Prepaid Payment Instruments

October 11, 2017 1335 Views 0 comment Print

Please refer to paragraph 16 of Statement on Developmental and Regulatory Policies regarding issuance of Master Direction on Prepaid Payment Instruments (PPIs) announced in the Fourth Bi-monthly Monetary Policy Statement, 2017-18 by the Reserve Bank of India (RBI).

Exposure Draft Accounting Standard (AS) 24 Related Party Disclosures

October 11, 2017 3138 Views 0 comment Print

Following is the Exposure Draft of the Accounting Standard (AS) 24, Related Party Disclosures, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India

Aadhaar mandatory for Marine Products Export Development Scheme

October 11, 2017 504 Views 0 comment Print

And whereas, the Grants-in-Aid given to the Marine Products Export Development Authority (hereinafter referred to as the Implementing Agency) under the Scheme, inter-alia, is used for giving trainings, subsidies and awareness programs (hereinafter referred to as the benefits) to the Fishers, Aquaculture farmers, Workers, Technologists and the individual exporters (hereinafter together referred to as the beneficiaries) under various sub-components of the Scheme as per the extant Scheme guidelines;

GST: What if Suppliers forget to upload invoices issued

October 11, 2017 34020 Views 9 comments Print

In case a supplier falls to upload few Invoice(s) for supplies to registered persons in his GSTR 1 and has filed his GSTR 1 there is no need for undue concern for the recipient (buyer). Though, no invoices can be added to a GSTR 1 once it is filed, there are, yet two ways in which the recipient can claim credit and the supplier can discharge his liability on such invoices. 

Charitable Trusts De-Registration (Cancellation) drive in Maharashtra

October 11, 2017 34047 Views 11 comments Print

The Hon’ble Charity Commissioner, Maharashtra State, Mumbai vide Notification dated DGIPR/2016-2017/4109 had notified the Special Drive, 2017 Scheme for speedy disposal of all the Change Reports (Change in Trustees / Properties) during the period 01/01/2017 – 31/01/2017. Mode details about the same can be read here:

Panchratnas cry for Equal rights under GST

October 11, 2017 6960 Views 3 comments Print

GST – One Nation One Tax – is an initiative by the Government to eliminate various indirect taxes and incorporate all of them into one, thereby reducing the tax complexity. But five products viz petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel

FAQs on GOVERNMENT SERVICES under GST

October 11, 2017 9699 Views 0 comment Print

No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government

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