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Archive: 31 December 2019

Posts in 31 December 2019

Joint Development Agreement- A GST perspective

December 31, 2019 5736 Views 0 comment Print

Services by way of transfer of development rights (TDR) or Floor Space Index (FSI) (including additional FSI) on or after 01st April 2019 for construction of a project against consideration paid or payable by developer, wholly or partly, in the form of construction service of commercial or residential apartments in the project

A Robot For Accounting & Financial Reporting ?

December 31, 2019 2769 Views 0 comment Print

Robotic Process Automation –  A Technology Saviour For A CFO: A contemporary CFO is expected to not only partners with the CEO in addressing critical business and governance issues, but he is also expected to provide real-time insight on performance. One of the critical roles that a CFO delivers is making the analytical presentation of […]

इनपुट क्रेडिट के 10 % के प्रतिबन्ध  का प्रावधान- अब व्यापार एव उद्योग के लिए बड़ी परेशानी खड़ी करने वाला है

December 31, 2019 5577 Views 1 comment Print

जीएसटी में टैक्स का भुगतान करने  का एक तरीका है जिसके अनुसार डीलर्स अपनी बिक्री पर कर एकत्र करते हैं और इसका भुगतान करते समय अपनी खरीद पर चुकाए गए कर को घटाकर शेष बचे हुए कर का भुगतान  करते हैं . जो कर डीलर्स एकत्र करते हैं उसे आउटपुट टैक्स कहते हैं और जो टैक्स वे देकर आते हैं इसे इनपुट क्रेडिट कहते हैं और जो टैक्स का भुगतान होता है वह आउटपुट टैक्स और इनपुट टैक्स का अंतर होता है.

Comprehensive Cyber Security Framework for Primary UCBs – A Graded Approach

December 31, 2019 6369 Views 0 comment Print

On further examination, a comprehensive Cyber Security Framework for UCBs has been formulated based on a graded approach. The UCBs have been categorised into four levels based on their digital depth and interconnectedness to the payment systems landscape. The levels are defined as below:

Cyber Security controls for Third party ATM Switch Application Service Providers

December 31, 2019 2409 Views 0 comment Print

Reserve Bank of India RBI/2019-20/130 DoS.CO/CSITE/BC.4084/31.01.015/2019-20 December 31, 2019 To The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) All Small Finance Banks and Payments Banks All Primary (Urban) Co-operative Banks All Local Area Banks and White-Label ATM Operators Madam/Dear Sir, Cyber Security controls for Third party […]

Extension of relaxation on guidelines to NBFCs on securitisation transactions

December 31, 2019 546 Views 0 comment Print

Relaxation on the guidelines to NBFCs on securitisation transactions and the circular DNBR (PD)CC.No.100/03.10.001/2018-19 dated May 29, 2019 extending the dispensation till June 30, 2020.

Deeper tariff concessions on specified goods imported from Malaysia under IMCECA

December 31, 2019 705 Views 0 comment Print

Seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 42/2019-Customs New Delhi, dated the 31st December, 2019 G.S.R. […]

Deeper tariff concessions on specified goods imported from ASEAN

December 31, 2019 708 Views 0 comment Print

Notification No. 41/2019 – Customs- Seeks to amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN under the India-ASEAN Free Trade Agreement w.e.f. 01.01.2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 41/2019-Customs New Delhi, dated the 31st December, […]

Transfer of division under scheme of arrangement can’t termed as Slump Sale

December 31, 2019 2457 Views 0 comment Print

ITAT states that, in the given facts and circumstances and going by the clauses of the Scheme and reading them harmoniously and together the Tribunal held that the transfer of Lift Division comes within the purview of Section 2(47) of the Act but cannot be termed as a slump sale.

CBIC amends Customs Tariff notification No. 53/2017- Customs

December 31, 2019 2130 Views 0 comment Print

Notification No. 40/2019-Customs– Seeks to amend Customs Tariff notification No. 53/2017- Customs, dated the 30th June, 2017 so as to align them with amended Customs Tariff. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 40/2019-Customs New Delhi, the 30th December, 2019 G.S.R. 968(E).- In exercise of the powers conferred sub-section (5) of […]

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