Sponsored
    Follow Us:

Archive: 09 November 2019

Posts in 09 November 2019

Circulars cannot alter or prevail over statutory provision

November 9, 2019 12858 Views 0 comment Print

M/s. Precot Meridian Limited Vs Commissioner of Customs (Madras High Court) It is held that circulars cannot prevail over the statute. Circulars are issued only to clarify the statutory provision and it cannot alter or prevail over the statutory provision. In that circumstance, it is clear that the explanation of provisions of drawback has nothing […]

Download Supreme Court Judgment in Ram Janma Bhoomi Case

November 9, 2019 31866 Views 1 comment Print

The Supreme Court has delivered its verdict on the Ram Janmabhoomi–Babri Masjid land dispute in Ayodhya. n a unanimous judgment, the Bench led by Chief Justice of India Ranjan Gogoi has ordered that a temple must be constructed at the disputed site and the Muslims must be compensated with five acres of land at a […]

GST on supply of food to Indian Railways or IRCTC or their licensees

November 9, 2019 6810 Views 0 comment Print

In re Rajeev Kumar Garg (GST AAAR Uttar Pradesh) We observe that after introduction of S1 No. 7(ia) in the Notification No. 11/2017-Central Tax (Rate) dated 28.06.2017 (as amended) the Law is very much clear that the GST rate on supply of goods, being food or any other article for human consumption or any drink, […]

NBFC- Peer to Peer Lending Platform (Reserve Bank) Directions, 2017

November 9, 2019 3153 Views 1 comment Print

(1) These Directions shall be known as the Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017. (2) These Directions shall come into force with immediate effect.

NBFC- Account Aggregator (Reserve Bank) Directions, 2016

November 9, 2019 2269 Views 0 comment Print

Master Direction- Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016- Every company seeking registration as an NBFC- Account Aggregator shall make an application for registration to the Department of Non-Banking Regulation, Mumbai of the Bank, in the form specified by the Bank for the purpose at Annex 1.

Summary of GST Notifications, Circulars & Orders of October 2019

November 9, 2019 11268 Views 0 comment Print

1. The late filing  fees has been waived off for the tax payers of Jammu & Kashmir for GSTR-1, 7 & 3B of Jul’19 and Aug’19. The late filing fee for GSTR-1, GSTR-7 and GSTR-3B for the months Jul’19 and Aug’19 has been waived, subject to the condition that the returns are filed before the […]

Digital Signature Certificate (DSC) Setting in GST

November 9, 2019 166521 Views 5 comments Print

What is a Digital Signature Certificate (DSC)? Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Few Examples of physical certificates are drivers’ licenses, passports or membership cards. Certificates serve as proof of identity of an individual for a certain purpose; for example, a driver’s license identifies […]

Independent Director: Passing of online test by IICA is mandatory w.e.f. December 01, 2019

November 9, 2019 8643 Views 1 comment Print

For years, Independent Directors were appointed in the Company had required only one qualification that they should not be related to Promoters as per the definition is given in the Act/SEBI Rules etc. However, it means most of the time promoters ask their friends to be a Director on the Board who will be appointed […]

CA Nov 2019 Foundation Exam Postponed by ICAI

November 9, 2019 1683 Views 0 comment Print

In view of the reports gathered through electronic media about closure of school and colleges at various parts of the country, ALL EXAMINATIONS of the ICAI namely Foundation Paper 1, Final Paper 5, IRM Paper1, INTT AT and DISA ET Paper scheduled for Saturday, November 9th 2019 on all India basis and abroad stand postponed to a later date which shall be announced separately.

No addition for Cash Short found at premises: HC

November 9, 2019 6855 Views 0 comment Print

As to the addition made of Rs.37,30,710/-, which is lesser cash in hand as compared with the books of accounts in which the assess has shown more cash in hand, the Tribunal held that it is neither a case under Section 68 of the IT Act nor Section 69-A of the Income Tax Act.

Sponsored
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31