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Vacancy for Manager Accounts and Finance with MNC

December 4, 2017 20541 Views 1 comment Print

Vacancy for Manager Accounts and Finance with a Muti National Company based at Mumbai for CA Inter / M.com / ICWA / MBA  having 8 to 11 years of experience in Accounts and Finance. Job Description MAIN DUTIES AND RESPONSIBILITIES Essential duties and Responsibilities (others may be assigned) MIS & Budgeting -Prepares monthly “Statement of Goods Manufactured” for Couplers […]

Edelweiss Tokio Life Insurance’s Wealth Plus Plan – A Plan for Digitally-Savvy Investor

December 1, 2017 3746 Views 0 comment Print

Edelweiss Tokio Life Insurance launches Wealth Plus – a market-linked insurance plan that is targeted at the digitally-savvy investors. It is an industry-first product that aims at creating wealth depending on the length of the investment term. The plan contributes to the fund.

Analyse / Compare Zonalwise GST Revenue with Pre-GST Period

December 1, 2017 6930 Views 0 comment Print

It appears that all the data may not be available in the field formations at the registration level for the purpose of revenue comparison and analysis. However, revenue analysis of all those tax payers which were our assesses in the pre-GST period may be done by the field formations and comparison be made of CGST revenue with revenue trend in Central Excise and Service Tax in the corresponding period of FY 2016-17.

Unauthorized expansion of scope of limited scrutiny- CBDT suspends officers

November 30, 2017 12876 Views 0 comment Print

It was found that no reasons had been recorded for expanding the scope of limited scrutiny, no approval was taken from the PCIT for conversion of the limited scrutiny case to a complete scrutiny case and the order sheet was maintained very perfunctorily. This gave rise to a very strong suspicion of mala fide intentions. The Officer concerned has been placed under suspension.

16 Issues and Suggestions relating to GST Returns

November 30, 2017 18489 Views 3 comments Print

Invoice wise reporting in GSTR 1: The bulk need of information in the form of invoice wise reporting under GSTR 1 on monthly has caused immense problems in data submissions and filing. Invoice wise reporting of B2B transactions intends matching of data. But the same has increased the work manifold without being of much use to any government.

BCCI guilty of abusing its dominant position; CCI Imposes penalty for Anti-Competitive conduct

November 29, 2017 4509 Views 0 comment Print

Competition Commission of India (CCI) issues order against Board of Control for Cricket in India (BCCI) for abuse of dominant position for imposing restriction that deny access to the market for organization of Professional Domestic Cricket League/ Events; Imposes penalty of Rs. 52.24 crore on BCCI for the Anti-Competitive conduct.

File Table 6A & GSTR 3B to get Refund of IGST & unutilized Input Tax Credit

November 29, 2017 21549 Views 1 comment Print

Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit; Errors by exporters while filing their returns are the sole reason for delay in grant of refunds or rejection thereof; The Government of India has taken various measures to alleviate difficulty and is fully committed to provide Speedy disbursal of Refunds due to exporters.

Co-operative Societies cannot use the word“Bank” in their names: RBI

November 29, 2017 1245 Views 0 comment Print

It has come to the notice of Reserve Bank of India (RBI) that some Co-operative Societies are using the word Bank in their names. This is a violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the B.R.Act, 1949).

Provisions of rule 2 of MGST (Sixth) Amendment) Rules, 2017

November 28, 2017 873 Views 0 comment Print

Government of Maharashtra, hereby appoints the 1st day of July, 2017, as the date on which the provisions of sub-rule (i), (ii), (iii), (iv), (v), (vi) and (vii) of rule 2 of the Maharashtra Goods and Services Tax (Sixth Amendment) Rules, 2017, shall come into force.

Revision petition U/s. 264 cannot be refused for pendency of similar petition for another year

November 28, 2017 1641 Views 0 comment Print

Commissioner cannot refuse to entertain a revision petition filed by the assessee under Section 264 of the Act if it is maintainable on the ground that a similar issue has arisen for consideration in another year and is pending adjudication in appeal or another forum.

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