Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2019/14 -
(11/01/2019) -
Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2019/14 January 11, 2019 To, 1. All Recognized Stock Exchanges 2. All Clearing Corporations Dear Sir / Madam, Sub: Uniform membership structure across segments 1. In cash segment, all the Stock Brokers are trading cum self-clearing members whereas in derivatives segme...
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Notification No. RBI/2018-19/107 DBR.Dir.BC.No.22/04.02.001/2018-19 -
(11/01/2019) -
It has been decided by the Government of India to include merchant exporters also, w.e.f. January 2, 2019, under the ongoing Interest Equalisation Scheme for Pre and Post Shipment Rupee Export Credit and allow them interest equalisation at the rate of 3% on credit for export of products covered under 416 tariff lines identified under the...
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Notification No. 03/2019 - Customs (N.T.) -
(11/01/2019) -
Customs Rate of Exchange of Foreign Currency Conversion wef 12.01.2019 notified vide Notification No. 03/2019 – Customs (N.T.) dated 11th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ******* Notification No. 3/2019 – Customs (N.T.) Dated the 11th Jan...
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In re Rashtriya Ispat Nigam Ltd (GST AAR Andhra Pradesh) -
Whether 'Liquidated Damages' and other penalties like milestone penalties levied on suppliers/ contractors in the nature of making good the damages for any delays in supply of service or goods in the following cases are exigible to GST or not?...
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Notification No. G.S.R. 24(E) -
(11/01/2019) -
Central Government, hereby makes following further amendments in notification number G.S.R. 381(E), dated the 27th June, 2006, namely -(24) An inquiry authority appointed under sub-rule (2) of rule 14 of the Central Civil Services (Classification, Control and Appeal) Rules, 1965 or the provisions of the Public Servants (Inquiries) Act, 18...
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No. VAT-1518/CR 23/Taxation-1 -
(11/01/2019) -
Amendment to MVAT Notification-Criteria for Withdrawal of pending Assessment Proceeding,-Criteria as decided by Commissioner FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk Mantralaya, Mumbai 400 032, dated the 11th January 2019 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT-1518/CR 23/Taxation-1.— In exercise of ...
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Trade Notice No. 42/2015-2020-DGFT -
(11/01/2019) -
It has been decided that transfer of MEIS/SEIS scrips, which have been issued on or after 14.1.2019,for EDI ports only, will have to be mandatory recorded on the DGFT website (dgft.gov.in). Detailed procedure for recording of transfer of MEIS/SEIS scrips is at Annexure....
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Notification No. 01 of 2019 -
(10/01/2019) -
(1) There shall be a regular examination in the fifth class and in the eighth class at the end of every academic year. (2) If a child fails in the examination referred to in sub-section (1), he shall be given additional instruction and granted opportunity for re-examination within a period of two months from the date of declaration of the...
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GST Council in the 32nd meeting held on 10th January, 2019 at New Delhi took following decisions to give relief to MSME (including small traders), and took following other decisions but same would be given effect to through Gazette notifications/ circulars which shall have the force of law.-...
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ELSS (Equity Linked Savings Schemes) Scheme Of Mutual Funds Is Best Choice For Tax Planning under Section 80C of Income Tax Act, 1961. Investors can save up to Rs 1.5 Lakhs in eligible schemes for deduction under Section 80C of the Income Tax Act 1961. There are broadly two types of tax savings schemes – […]...
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In PART – 1 of Audit Report, Form Date and To Date are not entered as complete financial year, i.e. from data should be 01.04.2017 and To date should be 31.03.2018. Dealers who are migrated to GST wef 01.07.2017, has to download the latest template ( after clearing cache, cookies and history) and can enter the applicable VAT period ( vi...
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Laghu Udyog Bharti, Rajasthan has submitted suggestions on the strengthening of Eco-system of MSME’s to Respected Shri V. Sriniwas, Additional Secretary, The Ministry of Personnel, Public Grievances and Pensions, Govt. of India and text of the same is as follows:- LUB/2018-19/62 date: 09/01/2019 Respected Shri V. Sriniwas, Additiona...
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Amendments in Composition Scheme under GST and inclusion of Supplier of Service under the Scheme. With a first meeting in a new calendar year of 2019 GST council has come up with a relaxing exhale for MSME units and small traders by introducing some essential changes to the policy and procedure under the GST Act. […]...
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Board of Directors have to confirm that they have laid down IFC and that such IFC are adequate and were operating effectively. Audit Committee Should evaluate IFC and risk management systems. Call on the auditors to comment on IFC....
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Happy New Year 2019 ! With the very first GST council meet of this year some favorable and important decisions taken in its 32nd GST council meet held on 10th Jan 2019 they are as follows – Threshold limit increased to 40 Lakhs– Effective from April 1, the GST exemption threshold has been raised from […]...
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There has been recent amendment in the Rule 46 of the CGST Rules, 2017 which deals with the issuance of Invoice for the outward supplies. As per the Rule 46 (q), signature or digital signature of the supplier or his authorised representative was must on the invoice. This rule has been amended to add a […]...
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Voluntary winding up of the Company- Appointment of Liquidator (An insolvency professional shall be appointed who is independent from the company). To consider and approve Declaration of Solvency and affidavit by the directors of the Company....
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MSMEs are the back bone of Indian Economy and despite the important role played by them in country’s overall economic growth, continue to face constraints in obtaining adequate finance, particularly in terms of their ability to convert their trade receivables into liquid funds....
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Why investors think financial planning is only for rich people? As a Financial Planner this question is bugging me for a while. So I started my work to find the answer and now I am here. Now, I want to rephrase this question. “Why financial planning is NOT only for rich people?” First of all […]...
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Vagaries of Cross Charge and ISD – The GST Council Needs To Intervene- Analysis of Ruling of The AAAR (Karnataka) In M/S Columbia Asia Hospitals Pvt Ltd.) Recently The Appellate AAR in Karnataka has opened a Pandora’s box in the case of M/s COLUMBIA ASIA HOSPITALS PVT LTD. In the ruling it has held that […]...
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Finance Act 2017, instead of amending section 273B, inserted a proviso to section 271DA itself to the effect that, no penalty shall be imposable if such person proves that there were good and sufficient reasons for the contravention of section 269ST. However, what could constitute good and sufficient reasons for contravention have not bee...
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Across the country objections have raised by the GST Department on erroneously availed but not utilized ITC. In this article we will discuss on such objections and the legal provisions in this regard. First as per Sec 50(3) read with sec 42(10) of CGST Act, payment of interest is only triggered where there is a […]...
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Perquisite has a known normal meaning, namely, a personal advantage; something that benefits a man by going “into his own pocket”. The perquisites are taxable under the head salary in the Income Tax Act. As per Section 17(2)(iv), perquisite includes ‘any sum paid by the employer in respect of any obligation which, but for such [&hel...
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With the introduction of the 14th Amendment to the Central Goods and Service Tax Rules, there were various amendments being undertaken with regard to the electronic invoice. The amendments were done by way of adding up of the proviso to various relevant rules and the same is explained below in a tabular format –...
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