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Rate of interest w.e.f. 01.01.2018 to 31.03.2018 on small savings schemes

March 22, 2018 3135 Views 0 comment Print

The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:

Constitution of National Financial Reporting Authority (NFRA)

March 22, 2018 5916 Views 0 comment Print

Ministry of Corporate Affairs has appointed 21st March, 2018 from which the provisions related to the Constitution of National Financial Reporting Authority come into force. This will pave a way towards the establishment of NFRA.

Fulfilled obligations under PML Rules: RBI to NBFCs

March 22, 2018 2475 Views 0 comment Print

Non-Compliant NBFCs which have not fulfilled their obligations under PML Rules asked to do so Prevention of Money Laundering Act, 2002 (PMLA) and the Rules impose obligation on reporting entities (RE’s) including Non-Banking Financial Companies (NBFC’s) to verify identity of clients, maintain records and furnish information to FIU-IND. To facilitate the filing of prescribed reports […]

MCA notifies norms for appointment of Chairperson & members of NFRA

March 21, 2018 2427 Views 0 comment Print

These rules may be called The National Financial Reporting Authority NFRA (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018.

MCA notifies Provisions related to appointment of Chairperson and Members of NFRA wef 21.03.2018

March 21, 2018 7995 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 21st March, 2018 as the date on which the provisions of sub­-sections (3) and (11) of section 132 of the said Act shall come into force.

GST leviable on rent payable by a Hospital, catering life saving services

March 21, 2018 14967 Views 1 comment Print

In Re Tathagat Health Care Centre LLP (AAR Karnataka) The applicant is a cardiology specialised hospital running on a premises taken on lease. They are providing cardiology related, life saving, health care services to the patients and the said output services are exempt from GST. They have taken premises of one floor on rental basis […]

Govt Companies cannot be regarded as Government or Government Authority

March 21, 2018 8205 Views 0 comment Print

KPTCL can not be regarded as State Government and Applicant is not entitled for the benefit of concessional rate of GST @12% in terms of Notification No. 24/2017-Central Tax (Rate) dated 21.09.2017.

GST payable on Hotel Services to guests & employees of SEZ units, outside SEZ: AAR

March 21, 2018 8145 Views 0 comment Print

The Hotel Accommodation & Restaurant services being provided by the Applicant, within the premises of the Hotel, to the employees & guests of SEZ units, can not be treated as supply of goods & services to SEZ units in Karnataka & hence the intra state supply and are taxable accordingly.

Anti-dumping duty on imports of ‘Monoisopropylamine’ from China

March 21, 2018 2388 Views 0 comment Print

Seeks to impose anti-dumping duty on imports of ‘Monoisopropylamine’ originating in or exported from China PR . Notification No. 14/2018-Cus (ADD), dt. 21-03-2018

Anti-dumping duty on imports of ‘Resorcinol’ from China & Japan

March 21, 2018 2574 Views 0 comment Print

Seeks to impose anti-dumping duty on imports of ‘Resorcinol’ originating in or exported from China PR and Japan. Notification No. 13/2018-Cus (ADD), dt. 21-03-2018

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