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Archive: 06 March 2019

Posts in 06 March 2019

Amendments to Maharashtra VAT & PT Act, (Ordinance) 2019

March 6, 2019 4179 Views 0 comment Print

This Ordinance may be called the Maharashtra Tax Laws ( Amendment and Validation) Ordinance, 2019. It amends Amendment To Maharashtra State Tax On Professions, Trades, Callings And Employments Act, 1975

Continuation of Credit Linked Capital Subsidy & Technology Up-gradation Scheme- Reg.

March 6, 2019 1809 Views 0 comment Print

The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC).

Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

March 6, 2019 29046 Views 0 comment Print

AN ORDINANCE to provide for settlement of arrears of tax, interest, penalty or late fee which were levied, payable or imposed, respectively under various Acts administered by the Goods and Services Tax Department and for the matters connected therewith or incidental thereto.

Govt to issue new series Rs.1, Rs.2, Rs.5, Rs.10 and Rs. 20 coins

March 6, 2019 1536 Views 0 comment Print

The coins of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees shall also be coined at the Mint for issue under the authority of the Central Government.

Notification to give effect to amendment made in India-Singapore CECA

March 6, 2019 2568 Views 0 comment Print

These rules may be called the Customs Tariff Determination of Origin of Goods under the Comprehensive Economic Cooperation Agreement between the Republic of India and Republic of Singapore (Amendment) Rules, 2019.

Companies (Incorporation) Second Amendment Rules, 2019

March 6, 2019 7137 Views 0 comment Print

Shifting of Registered office W. E. F 06.03.2019 Rule 30(5) the word ‘with the widest circulation‘, the words ‘with wide circulation‘ is substituted. Revised Rule read as The company shall, not more than thirty days before the date of filing the application in Form No. INC.23 – (a) Advertise in the Form No.INC.26 in the vernacular newspaper […]

IBBI signs Cooperation Agreement with International Finance Corporation

March 6, 2019 444 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) signed a Cooperation Agreement today with the International Finance Corporation (IFC), a member of the World Bank Group (WBG).

No service tax on training under Deen Dayal Upadhyaya Grameen Kaushalya Yojana

March 6, 2019 3966 Views 0 comment Print

Central Government hereby directs that service tax  on the services provided by training providers (project implementation agencies) under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDUGKY) under the Ministry of Rural Development by way of offering skill or vocational training courses certified by the National Council for Vocational Training, in the said period, but for […]

Future Development Expenses provision for unascertained liability by Builder Allowable

March 6, 2019 3690 Views 0 comment Print

He held that the amount in question thus represented provision for meeting unascertained liabilities which was not allowable as deduction in the case of the assessee. He accordingly made a disallowance of Rs. 2,25,01,129/- on account of future development expenses and made addition to that extent to the total income of the assessee in the assessment completed under section 143(3) vide an order dated 31.03.2016.

GE overseas group companies having PE & DAPE in India, liable to tax in India

March 6, 2019 4125 Views 0 comment Print

Assessee-GE group had carried out business through PE in India and GE India constituted DAPE in India for all overseas GE Group entities as LO were discharging vital responsibilities relating to finalization of commercial terms and a prominent involvement in the contract finalization process.

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