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Archive: July, 2019

Posts in July, 2019

Guidelines for Single Brand Retail Trade 

July 24, 2019 1218 Views 0 comment Print

FDI policy on Single Brand Retail Trade(SBRT) has been in operation since 2006. From 2006 till 29.03.2018, 112 brands have obtained approval of Government for SBRT activities.

IRDA (Registration of Insurance Marketing Firm) (Amendment) Regulations, 2019

July 24, 2019 8847 Views 0 comment Print

These Regulations may be called the Insurance Regulatory and Development Authority of India (Registration of Insurance Marketing Firm) (Amendment) Regulations, 2019.

Issues faced by assessees in resolution of grievances in ITBA system

July 24, 2019 1725 Views 0 comment Print

We wish to bring to your kind notice that with the change of Internal working software of department from AST system to the ITBA system from A.Y. 2016-17 onwards, the members are facing following problems regarding functionality which need immediate attention for early disposal of grievances of the assessees

Due date extension without making GST Form CMP-08 available

July 24, 2019 30870 Views 5 comments Print

GST Form CMP-08 – GST forms should be made available first and then the extension be granted and the limitation period for filing must be counted from the date of the form becoming available.

Banning of Unregulated Deposit Schemes Bill, 2019 Passed by Lok Sabha

July 24, 2019 1344 Views 0 comment Print

AS PASSED BY LOK SABHA ON 24.07.2019 Bill No. 182-C of 2019 THE BANNING OF UNREGULATED DEPOSIT SCHEMES BILL, 2019 —————— ARRANGEMENT OF CLAUSES —————— CHAPTER I PRELIMINARY CLAUSES 1. Short title, extent and commencement. 2. Defination CHAPTER II BANNING OF UNREGULATED DEPOSIT SCHEMES 3. Banning of Unregulated Deposit Schemes. 4. Fraudulent default in Regulated […]

PPT-Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

July 24, 2019 5148 Views 1 comment Print

Objective of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019- The Scheme is a one time measure for liquidation of past disputes of Central Excise, Service Tax and 26 other indirect tax enactments. The Scheme provides that eligible persons shall declare the unpaid tax dues and pay the same in accordance with the provisions of the Scheme.

Anti-dumping duty on imports of Purified Terephthalic Acid

July 24, 2019 2109 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on imports of Purified Terephthalic Acid originating in or exported from Korea RP and Thailand, in pursuance of sunset review final findings issued by DGTR GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 28/2019-Customs (ADD) New Delhi, the 24th July, 2019 G.S.R. 524(E). – Whereas, the designated […]

Comprehensive steps to reduce incidence of frauds in banks

July 24, 2019 1269 Views 0 comment Print

The Government has taken comprehensive steps to reduce the incidence of frauds in banks. The steps taken include, inter-alia, the following: Government has issued Framework for timely detection, reporting, investigation relating to large value bank frauds to Public Sector Banks (PSBs), for systemic and comprehensive checking of legacy stock of their non-performing assets (NPAs), which provides, inter-alia, that—

PPT on TDS and TCS under GST

July 24, 2019 10332 Views 0 comment Print

Sharing PPT on TDS and TCS under GST, which was made for presentation at National CA Students Conference, Ernakulam, Kerela 19th – 20th July, 2019.

24th July | Income Tax Day – “कोष मूलो दण्डः (Kosh Muloo Dand)”

July 24, 2019 9582 Views 3 comments Print

As mark of celebration of 159th Income Tax Day on 24th July,2019, CBDT in a mega event to be held in Delhi to be graced by Hon’ble FM and other distinguished personalities of Finance Minstry, CBDT and Income Tax Department would be launching taxpayer’s e-assistance campaign.

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