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Archive: 19 December 2017

Posts in 19 December 2017

Chewing Tobacco or Pan Masala containing tobacco is not food Item: HC

December 19, 2017 2856 Views 0 comment Print

There is no mention of Flavoured Chewing Tobacco in the definition of Pan Masala as per Appendix B. The ingredients mentioned in the definition of Pan Masala are used for human consumption in one form or the other and therefore come within the definition of food as per Section 2(v) (a) of the Prevention of Food Adulteration Act, 1954.

SEBI mandate disclosure of PAN with holding of specified securities

December 19, 2017 885 Views 0 comment Print

The details of the shareholding of the promoters and promoter group, public shareholder and non-public non-promoter shareholder must be accompanied with PAN Number (first holder in case of joint holding). Further, the shareholding of the promoter and promoter group, public shareholder and non-public non-promoter shareholder is to be consolidated on the basis of the PAN and folio number to avoid multiple disclosures of shareholding of the same person.

Clarification on Monthly EPF return to be filed by Exempted Establishments

December 19, 2017 1815 Views 0 comment Print

It is hereby clarified that Part -E shall contain the information related to the actual investments and other receipts/payments made in the wage month with which the online return For example in monthly return of March 2017, Part – E will contain the actual contribution receipts, payments and details of the investments made between 01 March 2017 and 31 March 2017.

Submit Financial Information to Information Utilities: RBI

December 19, 2017 4110 Views 0 comment Print

According to Section 215 of Insolvency and Bankruptcy Code (IBC), 2016, a financial creditor shall submit financial information and information relating to assets in relation to which any security interest has been created, to an information utility (IU) in such form and manner as may be specified by regulations.

Rate of exchange of conversion of ‘South African Rand’ wef 20.12.2017

December 19, 2017 510 Views 0 comment Print

Notification No. 117/2017-Customs (N.T.) Rate of exchange of conversion of ‘South African Rand’ wef 20.12.2017 For Imported Goods 5.20 and For Export Goods 4.85.

Form GSTR 1: Facility to edit invoices/credit or debit notes available on GST Portal

December 19, 2017 7935 Views 1 comment Print

Taxpayers can now provide amendment to details of invoices/ credit or debit notes etc filed in previous period, through Table 9 of Form GSTR 1.

Taxpayers can now opt for quarterly filing of GSTR 1 Returns

December 19, 2017 3030 Views 1 comment Print

Functionality to file quarterly GSTR 1 returns has been provide on the GST Portal, for those taxpayer whose value of clearances is less than Rs. 1.5 Cr in current or previous financial year.

Classification of charges for SMS levied by Banks

December 19, 2017 3591 Views 3 comments Print

As we all know that Government is insisting to move towards digitization, be it in any sector whether it is Financial, Education or even for that matter Agriculture. Government has also asked to bring to their notice the issues being faced by general public so that genuine reforms can be initiated.

Insolvency & Bankruptcy Code, 2016 and Imp Role of PCS

December 19, 2017 6765 Views 0 comment Print

Introduction:‑ – This Act Come into force on 28th May, 2016 as per Central Government notification in the Official Gazette May, 2016. – IBC Code applicable to whole India except jammu & Kashmir. – The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by […]

Benefits to startups by Indian Government

December 19, 2017 3981 Views 0 comment Print

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country. Under this initiative a Startup India Portal has been set up which shall serve as a platform for facilitation of Startup recognition, access to information related to incubators, mentors, Angel Funds, Venture Funds etc.

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