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Archive: 05 November 2019

Posts in 05 November 2019

Build brand India for services sector: Piyush Goyal

November 5, 2019 345 Views 0 comment Print

Union Minister of Commerce and Industry & Railways, Piyush Goyal, said that brand India will be developed in order to promote the 12 champion services sectors.

e-KYC Authentication facility under PMLA by Entities in securities market

November 5, 2019 1344 Views 0 comment Print

Entities in the securities market shall be allowed to undertake Aadhaar Authentication under section 11A of PMLA. SEBI Registered intermediaries for reasons such as online on-boarding of clients, customer convenience, increased efficiency and reduced time for client on-boarding would prefer to use Aadhaar based e-KYC facility to complete the KYC of the client.

Listed cos. to submit data of members holding physical shares by 31.12.2019

November 5, 2019 2967 Views 0 comment Print

All Listed companies or their RTAs shall provide data of their members holding shares in physical mode, viz the name of shareholders, folio numbers, certificate numbers, distinctive numbers and PAN etc. (hereinafter, static database) as on March 31, 2019, to the Depositories, latest by December 31, 2019.

Imports of Pulses for the fiscal year 2019-20

November 5, 2019 609 Views 0 comment Print

Importers who have got the quota but do not import the same by the same deadline (31st October for Urad and Moong and 15th November for Toor), proceedings will be initiated against them under FTDR Act.

Notaries (Third Amendment) Rules, 2019

November 5, 2019 25149 Views 11 comments Print

A person may make an application for appointment as a notary online in Form I or Form II as applicable, addressed to such officer or authority of the appropriate Government as that Government may, by notification in the Official Gazette, designate in this behalf

Discount cannot be considered as passing on of benefit of additional ITC if same was to set off the increase in prices

November 5, 2019 1197 Views 0 comment Print

It cannot be considered as passing on of the benefit of additional ITC as the above discount has been given by the Respondents to set off the prices which he had increased and not on account of the benefit of ITC. Accordingly, the discount of Rs. 1,11,61,090/- claimed to have been paid to the house buyers by the Respondent cannot be held as the benefit of ITC and hence, the claims made by the Respondents in this behalf cannot be accepted.

Compulsory Registration of MFD (Printer Cum Scanner etc) for Import- HC allowed release of goods

November 5, 2019 2400 Views 0 comment Print

The issue in these writ petitions is whether multi-function devices (MFDs) are covered under the term ‘printers’. This dispute has arisen in view of the document Annexure P-12 by a clarification which was issued by way of Circular No.1 of 2019 dated 2.5.2019 as per which it was ‘clarified’ that multi-function devices which are basically printers with additional features like photocopy, scan, fax etc. are covered within the ambit of ‘printers’.

18% GST on licensing services for right to use minerals during 07/2017 to 12/2018

November 5, 2019 3945 Views 0 comment Print

In re M/s Penguin Trading and Agencies Limited (GST AAAR Odisha) The Applicant has referred to Advance Ruling in the case of M/s Pioneer Partners, wherein the Haryana Authority for Advance Ruling held that “The services for the right to use minerals including its exploration and evaluation, as per Sr. No 257 of the annexure […]

New Changes in Bill of Entry Filing- SIMS & Expansion of e-Sanchit- reg

November 5, 2019 7692 Views 0 comment Print

The new dispensation is coming into effect from 01.11.2019, after which the declaration of SIMS registration number and Expiry date will become mandatory in the Bills of Entry filed for the goods as specified in the notification.

Revised Award Guidelines for winning medals in Sports events for CBIC Dept officials

November 5, 2019 534 Views 0 comment Print

Revision of Guidelines for Cash Awards for winning medals/civilian Awards in Sports and financial assistance, for participation in Sports events/ competitions) to the departmental officials

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