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Archive: 01 March 2019

Posts in 01 March 2019

Amendment to Notification No. 63/1994-Customs (N.T) w.r.t Golakganj LCS

March 1, 2019 654 Views 0 comment Print

Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994, w.r.t Golakganj LCS GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2019- Customs (N.T.) New Delhi, the 01st March, 2019 S.O. (E).115(E) – In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of section 7 of […]

Corrigenda to Banning of Unregulated Deposit Schemes Ordinance, 2019

March 1, 2019 1560 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 28th February, 2019 CORRIGENDA In the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 (No. 07 OF 2019) as published in the Gazette of India, Extraordinary, Part 11, Section 1, Issue No. 13, dated the 213‘ February, 2019,— Page No. Line(s) No.  For Read 28 – “The […]

Entity Registration & Approval under new Sea Manifest Regulations – reg

March 1, 2019 1674 Views 0 comment Print

No. EDI/ Misc.-51/2014/JNCH Date: 01.03.2019 PUBLIC NOTICE NO. 23/2019-DGFT Sub: Entity Registration and Approval under new Sea Manifest Regulations – reg. The new Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018 notified vide Board’s Notification 38/2018 – Cus (N.T.), dated 11.05.2018 will come into force shortly. 2. As a first step, the various stakeholders, from […]

Cabinet approves promulgation of Aadhaar and Other Laws (Amendment) Ordinance 2019

March 1, 2019 435 Views 0 comment Print

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the promulgation of an Ordinance to make amendments to the Aadhaar Act 2016, Prevention of Money Laundering Act 2005 & Indian Telegraph Act 1885. The amendments proposed are the same as those contained in the Bill passed by the Lok Sabha on 4th January […]

Cost Accounting Standard on Cost of Production / Acquisition / Supply of Goods / Provision of Services

March 1, 2019 6453 Views 0 comment Print

CAS-4 (REVISED 2018) COST ACCOUNTING STANDARD ON COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES The following is the Cost Accounting Standard (CAS-4) (Revised 2018) on “COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES” issued by the Council of the Institute of Cost Accountants of […]

Guidance Note on Compilation Engagements by a Cost Accountant

March 1, 2019 1413 Views 0 comment Print

Introduction The purpose of this Guidance Note on Compilation Engagements by a Cost Accountant is to provide guidance on the cost accountant’s professional responsibilities to compile cost statements and the form and content of the report, the cost accountant issues in connection with such compilation engagement. Objective of Compilation Engagement (i) The objective of a […]

Clean Transactions, Cleaner Economy, Go Cashless, Go Clean

March 1, 2019 1503 Views 0 comment Print

DON’T √ Accept cash of Rs.  2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. √ Receive or repay Rs.  20,000 or more in cash for transfer of Immovable Property. √ Pay more than Rs.  10,000 in cash relating to […]

Gear up for growth with a Bajaj Finserv Flexi Business Loan

March 1, 2019 4923 Views 0 comment Print

Running your own business in this climate will surely set you up for success. However, this is only possible when you’re able to give your business the funds it needs over time, be it for working capital, to fill in the gap when you are awaiting a sizeable payment, or to pay for inventories in case an urgent order comes your way.

Analysis of Recent GST Council recommendations for Real Estate Sector

March 1, 2019 4359 Views 3 comments Print

33rd meeting of GST Council held on 24 February 2019. GST Council has recommended rationalisation of GST rates on real estate in this meeting. To boost the demand in the residential segment of the real estate sector, the GST Council, on February 24, 2019, slashed GST rates for residential under-construction flats.

Rigors of Banning of Unregulated Deposit Scheme Ordinance, 2019: realignment of financial transaction

March 1, 2019 4944 Views 0 comment Print

The Act comes in force at once with effect from 21st February, 2019 (Section 1(3)). This will mean that the Ordinance shall not have retrospective application and shall not apply to transactions which have taken place prior to the Act coming in force which shall continue to be governed by the law as it existed prior to the Act coming in force.

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