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Archive: 10 October 2019

Posts in 10 October 2019

Framework for issue of Depository Receipts

October 10, 2019 2358 Views 0 comment Print

Listed Company is in compliance with the requirements prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any amendments thereof.

Office Order No. 223/2019: Transfer/Postings of officers in ACIT/DCIT Grade

October 10, 2019 1899 Views 0 comment Print

Office Order No. 223 of 2019- The following transfer/postings of the officers in the grade of Assistant Commissioner/ Deputy Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:

No advance ruling if question raised by applicant turns redundant

October 10, 2019 852 Views 0 comment Print

Contention of the applicant that there is no asset transfer, has been resolved by the RRVPNL by issuing corrigendum dated 24.09.2019. After issue of the said corrigendum the question raised by the applicant turned redundant and therefore no advance ruling is required to be given.

Reassessment Proceeding completion without section 143(2) notice is invalid

October 10, 2019 2448 Views 0 comment Print

The issue under consideration is whether AO can issue notice under section 148 for re-assessment without issuing notice u/s 143(2)?

IBC 2016: Employees of Distressed Companies

October 10, 2019 2940 Views 0 comment Print

The IBC Code not only empowers the employees with necessary legislative mechanism to recover their unpaid salaries and wages in the course of resolution process of the corporate debtors but also provides opportunities to keep alive their source of livelihood.

The Non-Obstante Clause in the IBC Code

October 10, 2019 3135 Views 0 comment Print

Hailed as one of the biggest legal reforms in the economic progress of the country, aimed at resolving the alarming non-performing assets (NPAs) of the banking sector, the Insolvency and Bankruptcy Code, 2016 (Code) has seen a litigious, yet impactful journey in its less than three-year history.

CBIC issues 6 New GST Notifications on 09th October 2019

October 10, 2019 55596 Views 0 comment Print

CBIC issues 6 New GST Notifications on 09th October 2019 to give effect to decisions of 37th GST Council Decisions and also to make amendments in Central Goods and Services Tax Rules 2017. Vide These Notifications CBIC Notifies Due Date Of GSTR 3B And GSTR 1, CBIC further notifies that GST Annual Return is voluntary […]

Govt notifies Promotion of IRS Officers

October 10, 2019 10146 Views 0 comment Print

Appointments Committee of the Cabinet (ACC) has approved Empanelment of the following officers for promotion to the grade of Commissioner of Income Tax (CIT) in the Indian Revenue Service (Income Tax) in Level 14 of the Pay Matrix (Rs.144200-218200/-) for the panel years 2017-18 and 2018, w.e.f. the date of assumption of the charge of the post and until further orders

Duty Free Shops at International Airport exempt from GST: HC

October 10, 2019 6732 Views 0 comment Print

Sandeep Patil Vs Union of India and Others (Bombay High Court) The impugned show cause notices allege that the goods imported by the petitioner from outside India into the special warehouse would constitute import of goods under the proviso to section 7(2) of the IGST Act, and thereby, liability of payment of tax under the […]

All about Reliance Jio Charge of 6 Paise Per Minute For Making Calls To Other Networks

October 10, 2019 2259 Views 0 comment Print

STEP TOWARDS REVERSING ENACTED REGULATION ON IUC COMPELS JIO TO RECOVER TERMINATION CHARGE OF 6 PAISE /MINUTE FOR MOBILE VOICE CALLS TO OTHER OPERATORS RECOVERY THROUGH IUC TOP-UP VOUCHERS; RECOVERY OF TERMINATION CHARGE ONLY UNTIL THE IUC CHARGE IS MADE ZERO CONSUMERS WILL GET EQUIVALENT DATA FOR THE VALUE OF IUC TOP UP VOUCHER NO […]

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