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Archive: 10 May 2018

Posts in 10 May 2018

Revised guidelines on lending to Priority Sector for Primary UCBs

May 10, 2018 1803 Views 0 comment Print

Please refer to our circular UBD.CO.BPD.(PCB).MC.No.18/09.09.001/2013-14 dated October 8, 2013 on the captioned subject and amendments thereto from time to time, consolidated in Master Circular DCBR.BPD.(PCB).MC.No:11/09.09.001/2015-16 dated July 1, 2015. The existing guidelines have been reviewed and it has been decided to issue revised guidelines (as per Annex-I) in supersession of the guidelines in the above-mentioned Master Circular.

Appellate Authority For GST Advance Ruling in Maharashtra

May 10, 2018 1788 Views 0 comment Print

Government of Maharashtra, hereby constitutes an Authority known as The Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax The said Appellate Authority shall consist of the Chief Commissioner, Central Goods and Services Tax and Central Excise, Mumbai Zone and the Commissioner of State Tax, Maharashtra State.

Service Tax not applicable on services rendered in the state of Jammu & Kashmir

May 10, 2018 7698 Views 1 comment Print

The present appeal is directed against Order-in-Original No. 35/Commissioner/Noida/2016-17 dated 31/03/2017 passed by Commissioner of Service Tax, Noida.

CBIC amends notification No. 17/2018-Customs (ADD), dated 27.03.2018

May 10, 2018 3171 Views 0 comment Print

Notification No. 25/2018–Customs (ADD) In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government

Whether block joining mortar is classifiable under heading 3214 of Customs Tariff Act 1975

May 10, 2018 843 Views 0 comment Print

Understand the classification dispute resolved by the GST AAAR West Bengal regarding ‘SIKA Block Joining Mortar’. Learn about its classification under Tariff Head 3824.

Forum or Remedies available to Borrowers under SARFAESI Act-2002

May 10, 2018 100392 Views 28 comments Print

1. Representation/objection to notice u/s 13(2) before banks The most Important section of Sarfaesi Act is section 13(2), which provides that if a borrower who is under a liability to a secured creditor, makes any default in repayment of secured debt and his account in respect of such debt is classified as non-performing asset, then […]

All about ITR-2 as applicable for A.Y. 2018-19

May 10, 2018 154143 Views 26 comments Print

This Return Form is to be used by an individual or an Hindu Undivided Family who is not eligible to file Sahaj ITR-1 and whose income chargeable to income-tax under the head “Profits or gains of business or profession” is in the nature of interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from a partnership firm.

After 39 days CBDT Releases Excel and Java Utility of ITR-4

May 10, 2018 20000 Views 6 comments Print

Today CBDT has finally released  after 39 days of start of Assessment Year 2018-19, Excel and  Java Utility of ITR-4 (For presumptive income from Business & Profession). Earlier CBDT has released Excel and  Java Utility of ITR 1 on 14th April 2018 . CBDT has notified ITR Forms vide Notification No. 16/2018-Income Tax dated 3rd […]

ICSI AA reduces penalty for professional misconduct on errant member

May 10, 2018 4866 Views 0 comment Print

We are of the considered view that punishment awarded to the Appellant in the present matter is certainly on the higher side, enormous and harsh in comparison with the punishment awarded to the errant members of the Institute by the Disciplinary Committee for the violation of same professional misconduct in other cases.

SEBI implements certain recommendations of Kotak Committee on Corporate Governance

May 10, 2018 990 Views 0 comment Print

The Committee on Corporate Governance under the Chairmanship of Shri Uday Kotak made several recommendations. Most of amendments necessary to implement these recommendations have been made in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide notification dated May 9, 2018.There a few recommendations as accepted by the Board, which are to be implemented through issue of a circular.

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