"October, 2018" Archive - Page 18

Reg. Anti-dumping duty on Saccharin exported from China PR

Instruction No. 18/2018-TRU (25/10/2018)

To briefly recapitulate, anti-dumping duty on Saccharin originating in and exported from China PR was imposed vide notification No. 41/2007 -Customs (ADD) dated 19.03.2007 for five years. These duties were extended vide notification No. 7/2012-Customs (ADD) dated 13.01.2012 for a period of five year following a sunset review initiated by...

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Master Direction – Fit and Proper Criteria for Sponsors – Asset Reconstruction Companies (Reserve Bank) Directions, 2018

RBI/DNBR/2018-19/66 Master Direction DNBR. PD (ARC) CC. No. 06/26.03.001/2018-19 (25/10/2018)

Reserve Bank of India RBI/DNBR/2018-19/66 Master Direction DNBR. PD (ARC) CC. No. 06/26.03.001/2018-19 Dated: October 25, 2018 The Chairman / Managing Director / Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/ Madam, Master Direction – Fit and Proper Criteria for Sponsors – Asset Reconstruction ...

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Fire Audit of Currency Chests – Clarification

RBI/2018-19/66 DCM (CC) No.1083/03.39.01/2018-19 (25/10/2018)

We have been receiving references from various banks about non-availability of staff in State / District Fire Departments for getting the periodical fire audit conducted in their respective currency chests. ...

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GST Circular on detention / confiscation of goods & conveyances: Analysis

CGST circular No 41 dt 13.04.2018 in the table format for easy reference...

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Posted Under: Custom Duty |

Revised Form 13 & Procedure for Lower/ Nil Rate TDS/ TCS certificate

Notification No. 74/2018-Income Tax [G.S.R. 1068(E)] (25/10/2018)

In exercise of the powers conferred by sections 197 and 206C read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely...

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Appointment of Company Secretary as per Companies Act 2013

The Appointment of Company Secretary (CS) has been made mandatory under Companies Act 2013 for a few class of the company like listed companies or company having paid-up capital more than the 5 Crore. Who is a Company Secretary? A company secretary is a principally an employee even though he holds very high rank. He / […]...

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Posted Under: Custom Duty |

Withdrawal rules for your provident fund account

Provident Fund is a product which helps salaried people to accumulate funds while they are earning for the period the income flow stops. So generally it is not supposed to be withdrawn before its maturity and jeopardise one’s retirement. However there are circumstances when resorting to the money accumulated in the provident fund accoun...

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Posted Under: Custom Duty |

Appointment of Auditor for Conducting GST audit of Allahabad Bank

ALLAHABAD BANK GENERAL ACCOUNTS AND AUDIT DEPARTMENT HEAD OFFICE: 2 NETAJI SUBHAS ROAD, KOLKATA-700 001, INDIA E-Mail: gst.ho@allahabadbank.in Website: www.allahabadbank.in REQUEST FOR PROPOSAL (RFP) FOR APPOINTMENT OF AUDITOR FOR CONDUCTING GST AUDIT OF ALLAHABAD BANK Ref. No.: HO.GAC/GST/01/2018-19 Date: 22.10.2018 Disclaimer The inform...

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Posted Under: Custom Duty |

Home Buyer cannot reap benefits of her own delay in taking possession: SC

M/s. Supertech Ltd. Vs Rajni Goyal (Supreme Court of India)

M/s. Supertech Ltd. Vs Rajni Goyal (Supreme Court) The Appellant – Builder inter alia submitted that – Possession of the flat was offered to the Respondent – Purchaser in December 2015 after obtaining the Completion Certificate for the building. Even though the Agreement provided for delivery of possession by 31.10.2013, the delay o...

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Refund of Excess Payment of Tax enabled on GST Portal

New Functionality Update: Refund of Excess Payment of  Tax enabled on GST Portal Facility to claim Refund on account of excess payment of tax (if any) under Section 54(1) of CGST Act,2017, has been enabled on GST Portal for the taxpayers. Extract of Section 54(1) of CGST Act, 2017 54.  Refund of tax. (1) Any person […]...

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Posted Under: Custom Duty |