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Archive: 20 September 2018

Posts in 20 September 2018

Activation of E-com module for SEIS, based on ANF 3B

September 20, 2018 531 Views 0 comment Print

File No.01/61/180/39/AM19.PC-3 Government of India Ministry of Commerce-& Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 33/2018 Dated: 20th September, 2018 To, 1. All Exporters/Members of Trade 2. All Regional Authorities of the Directorate General of Foreign Trade Subject: Activation of E-com module for SEIS, based on ANF 3B […]

Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018

September 20, 2018 2877 Views 0 comment Print

These rules may be called the Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018. They shall come into force from the date of their publication in the Official Gazette.

Companies (Indian Accounting Standards) Second Amendment Rules, 2018

September 20, 2018 3492 Views 0 comment Print

(1) These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

AO & CIT can grant stay on payment of amounts lesser than 15%/ 20%

September 20, 2018 6708 Views 0 comment Print

Hon’ble Supreme Court held that CBDT’s Office Memorandum (‘OM’) dated 29th February, 2016 & 31.07.2017 by which AO’s have been directed to grant stay of disputed demand on payment of 20%/ 15% does not fetter the power of the AO & CIT to grant stay on payment of amounts lesser than 15%/ 20%.

Stay order need to be reasoned order and should not be a mere direction to pay

September 20, 2018 3459 Views 0 comment Print

LG Electronics India Private Limited Vs PCIT (Delhi High Court) Mr. Deepak Chopra, learned counsel for the Petitioner, has produced before this Court a copy of OM dated 31st July, 2017 which modifies the earlier OM, dated 29th February, 2016, issued by the Central Board of Direct Taxes (‘CBDT’), stating that standard rate for grant of stay […]

Direct Mutual Funds Can Help You Earn So Much More

September 20, 2018 18054 Views 4 comments Print

In 2013, the Securities and Exchange Board of India (SEBI) directed the AMCs to launch the Direct plans (i.e. zero commission plans) for all their existing mutual fund schemes. Thus, now there are two plans for any mutual fund: a. Regular Plan, b. Direct Plan

Falsehood of a ‘Clown Prince’

September 20, 2018 849 Views 1 comment Print

Arun Jaitley* I had, in my blog dated 29th August, 2018 on the Rafale deal, exposed each one of the falsehood stated by the Congress Party. The campaign of falsehood is entirely led by the Congress President. His strategy is simple – concoct a lie and repeat it as many times. This, at least, provides […]

Two arrested in bogus GST bill case – Tax evasion of Rs. 79.21 crore

September 20, 2018 2187 Views 0 comment Print

Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) arrests two businessmen in a case of fraudulent issuance of Input Tax Credit (ITC) invoices without actual supply of goods, involving evasion of approximately Rs. 79.21 crore on the taxable value of concocted supplies of Rs. 450 crore. Gurugram Zonal Unit of the Directorate […]

IGST payable on service given in Goa to person registered in Maharashtra

September 20, 2018 8655 Views 1 comment Print

In re Grasshopper Production (GST AAR Goa) Whether Event Management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act, 2017? The Event Management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act. Hence same should […]

Customs Rate of Exchange of Foreign Currency Conversion wef 21.09.2018

September 20, 2018 474 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion wef 21.09.2018 notified vide Notification No. 81/2018 – Customs (N.T.) dated 20th September, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 81/2018–Customs (N.T.) New Delhi, dated the 20th September, 2018 29 Bhadrapada 1940 (SAKA) In exercise of the […]

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