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Archive: February, 2018

Posts in February, 2018

Benefit of Composition Scheme can’t be denied for procedural deficiency

February 5, 2018 1191 Views 0 comment Print

While hearing the case of Bridge & Roof Company Limited vs. CCE, Delhi bench of the Customs Excise & Service Tax Appellate Tribunal held that the benefit of the composition scheme cannot be denied to an assessee who has entered into contracts prior to 1.07.2007.

J&K Govt. notifies Reimbursement of Taxes for promotion of industries

February 5, 2018 2412 Views 1 comment Print

State of Jammu and Kashmir hereby notifies the following scheme for providing budgetary support to the manufacturing units in the shape of reimbursement of State Taxes paid under Jammu and Kashmir Goods and Services Tax Act, 2017.

Do we really understand government securities? You can now, with its distinguishing features

February 5, 2018 2205 Views 0 comment Print

Flummoxed was the correct reaction when I heard from my son that thousands of pages of research papers have been written in USA over government securities. But, when Mr. Viral V. Acharya, Deputy Governor, RBI in his speech at annual dinner of FIMMDA, Mumbai stated that current bond future contracts, introduced only in 2014

AMCs to prominently disclose TER of all scheme on daily basis: SEBI

February 5, 2018 1296 Views 0 comment Print

t is observed that there are frequent changes carried out in Total Expense Ratio (TER) and such changes are not prominently disclosed to investors. In order to bring uniformity in disclosure of actual TER charged to mutual fund schemes and to enable the investor to take informed decision, the following has been decided:

Amendment in import policy condition of pepper

February 5, 2018 1038 Views 0 comment Print

Import policy of Light black pepper classified under EXIM Code 0904 11 20 under Advance Authorization Scheme is laid down, in partial modification of the Notification No. 42 /2015-20 dated 6th December, 2017.

Updation in Para 4 (A) of General Notes Regarding Import Policy of ITC (HS), 2017, Schedule – I (Import Policy)

February 5, 2018 1413 Views 0 comment Print

Consequent to modification in Section 3(2) of the Food Safety & Standards (Import) Regulation, 2017, Para 4 (A) of General N tes Regarding Import Policy of ITC (HS), 2017, Schedule — I (Import Policy) stands update

Designation of Special Court for Company Law offences in Kerala, Lakshadweep, Odisha & Assam

February 5, 2018 1485 Views 0 comment Print

Notification No. S.O. 528(E) High Courts of Kerala, Orissa and Gauhati, hereby designates the following Courts mentioned in column (2) of the Table below as Special Courts for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the said sub-section, namely:-

Reg. Implementation of 13-digit numbering scheme for M2M communication

February 5, 2018 25110 Views 2 comments Print

It was decided that 13-digit M2M numbering plan will be implemented from 1st July 2018. From this date on wards, all new M2M mobile connections will be allocated 13-digit numbers only.

Micro Analysis of Union Budget 18

February 5, 2018 6036 Views 3 comments Print

It was largely expected before the budget that Exemption limit would be increased this time in the budget. This thought process was in line of the implementation of GST as somehow collection to the Government has been increased and a formal organised system has been implemented of Taxation through implementation of GST.

Issues in Incorporation of Company under RUN (Reservation of name) regime

February 5, 2018 11580 Views 2 comments Print

Some issued faced practically during Incorporation of Companies – by CA. Jeetendra Chaurasia

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