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Archive: December, 2017

Posts in December, 2017

CBEC increases import tariff rate on specified electronic goods

December 14, 2017 1140 Views 0 comment Print

Notification No. 91/2017–Customs Seeks to increase import tariff rate on specified electronic goods under First Schedule to the Customs Tariff Act by invoking section 8A (1) of the Customs Tariff Act

Terminal Excise Duty payment is not Valid reason to deny Refund

December 14, 2017 1569 Views 0 comment Print

Explore the Ministry of Mines’ 2024 amendments to Mineral Auction Rules. Changes in bid submissions, upfront payments, and performance security.

Revised Minimum Recommended Scale of Fees for CA in Practice

December 14, 2017 273333 Views 2 comments Print

Committee for Capacity Building Members in Practice (CCBMP), ICAI initiative for prescribing the Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants

NCLT quashes 75% vote requirement U/s. 30(4) of IBC, 2016

December 13, 2017 5442 Views 2 comments Print

NCLT, Hyderabad quashes 75% vote requirement under section 30(4) of Insolvency and Bankruptcy Code, 2016 in in K. Shashidhar vs. Kamineni Steel & Power Pvt. Ltd.

The GST Roller coaster

December 13, 2017 4449 Views 0 comment Print

India had another tryst with freedom, though of a different kind, at the midnight hour on July 1, 2017. Freedom from multiplicity of taxes, as Goods and Services Tax (GST) emerged, subsuming 17 different taxes on goods and/ or services. The one nation one tax dream became a reality.

Secretarial Audit- A mandate and governance transparency

December 13, 2017 9192 Views 0 comment Print

In common parlance audit refers to the systematic examination and verification of the records, transactions, documents and physical inspection of the activities by qualified personnel.

10 FAQs on GST as replied on 13th December 2017

December 13, 2017 8523 Views 2 comments Print

We have filed online refund and ARN received and what is the next course? Ans: Please submit the print out of RFD-01A with ARN before the jurisdictional authority for processing of refunds. Refer to Circular No. 17/17/2017-GST dated 15th November 2017.

Soliloquy on the impending FRDI Bill Demon 2.0 In The Making

December 13, 2017 1998 Views 3 comments Print

When the existing system is fine and there is nothing to fear about, then why need for a new Financial Resolution and Deposit Insurance (FRDI) Bill  in the present form and substance ?

Extension of due date of deposit of TDS/ TCS for October month to 08.11.2017

December 13, 2017 3828 Views 0 comment Print

CBDT hereby extends the due date of deposit of tax deducted at source/ tax collected at source during the month of October. 2017 from 7th November, 2017 to 8th November, 2017.

Extension of deadline till 31.3.18 for submission of Aadhaar & PAN or Form 60

December 13, 2017 13737 Views 2 comments Print

After considering various representations received and inputs received from Banks, it has been decided to notify 31st March, 2018 or six months from the date of commencement of account based relationship by the client, whichever is later, as the date of submission of the Aadhaar number, and Permanent Account Number or Form 60 by the clients to the reporting entity. Necessary notification in this regard has been issued.

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