The Government has rightly decided to popularise Net banking in order to minimise cash transactions. The idea is laudable, as it will motivate all, particularly limited income group. But if the government is serious in its intention in needs to remove a few hitches which is hampering this process.
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and subsection (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 to provide Import duty exemption on specified goods for use in manufacture of specified goods Government of India Ministry of Finance (Department of Revenue) Notification No. 71/2018-Customs New Delhi, the 28th September, 2018 G.S.R.943(E).– In exercise of the powers conferred by sub-section (1) of […]
An annual return under GST has to be filed once in a year by the registered taxpayers including those registered under composition levy scheme. All the registered taxable persons under GST must file GSTR-9. However, following persons are not required to file Annual GST Return (GSTR 9) Casual Taxable Person Input service distributors Non-resident taxable persons […]
Every electronic commerce operator, not being an agent, shall collect an amount calculated at a rate of one per cent. of the net value of inter-Union Territory (without legislature) taxable supplies made through it by other suppliers where the consideration with respect to such supplies is to be collected by the said operator. MINISTRY OF […]
A. Maximum Managerial Remuneration Limit in case of companies having sufficient profits MCA vide its notification dated 12th September 2018 notified the Sections 66 to 70 of the Companies (Amendment) Act, 2017, through which Section 197 has been amended and reproduced as follows: Public Companies shall not pay managerial remuneration in excess of 11% of […]
Central Government notifies vide Notification No. 12/2018-Union Territory Tax that every electronic commerce operator, not being an agent, shall collect an amount calculated at a rate of half per cent of the net value of intra-Union Territory (without legislature) taxable supplies made through it by other suppliers where the consideration with respect to such supplies […]
The issue of securities in dematerialized form has been made mandatory for every unlisted public company (hereinafter referred as Company) by Ministry of Corporate Affairs (MCA) by inserting Rule 9A vide notification of the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 dated September 10, 2018 effective from October 2, 2018.
References have been received regarding Circular 19/2018-Customs dated 18th June 2018 seeking a postponement in the date for mandatory RFID sealing in case of movement of goods under warehousing bond. The Board has decided to extend the date to 1st November, 2018 in order enable establishment of infrastructure and procurement of seals by warehouse owners.
1. Notice of Opposition to Registration Of Trademark Pursuant to section 21(1) read with rule 42, any person may within 4 months from the date of the advertisement or re-advertisement of Trade Mark Application (the date of publication of the trademark Journal in which the application for registration of the trademark was advertised or re-advertised), […]
