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Investment by FPI in Government Securities Medium Term Framework

September 28, 2017 615 Views 0 comment Print

The limits for investment by FPIs for the quarter October-December 2017 is increased by INR 80 billion in Central Government Securities and INR 62 billion in State Development Loans. The revised limits are allocated as per the modified framework prescribed in the RBI/2017-18/12 A.P.(Dir Series) Circular No.1 dated July 3, 2017, and given as under.

Lodging of tax arrear claims of cases filed under IBC 2016 before NCLTs

September 28, 2017 1779 Views 0 comment Print

In this connection the region wise jurisdiction of companies, against whom insolvency proceedings have been initiated under The Insolvency Bankruptcy Code 2016 (IBC 2016 in short) as available under the icon Public Announcement in the website of Insolvency and Bankruptcy Board Of India (IBBI in short), has been identified from the PAN Directory and is enclosed herewith.

Able2Extract Pro 11: Securely Convert PDF to Word, Excel and More

September 28, 2017 7260 Views 0 comment Print

Many companies and individuals today compile various business and financial reports in PDFs because they are easy to read and share across all platforms and devices. This goes also for annual financial statements, various forms, and invoices that they send to their accountants. The main issue for accountants and tax professionals is that they receive […]

Core Field Amendments on the GST Portal enabled

September 27, 2017 3441 Views 1 comment Print

Taxpayers can now make Core Field Amendments on the GST Portal as per the tweet by @gstindia. Although the facility was suppose to get live by 17th July 2017 on GST Portal but due to various technical issues on GST portal its get delayed and finally the same been made available to taxpayers today. Following […]

PMGKY 2016- Clarification on correction in Payment Challan

September 27, 2017 3042 Views 0 comment Print

Petitions have been received in CBDT from the declarants under the Pradhan Mantri Garib Kalyan Yojana, 2016, Scheme (`PMGKY’) pointing out instances where incorrect challans were used for making payment of liability under the Scheme or some of the particulars in the challans were filled wrongly.

Renewing Term Insurance from an Agent vs. Renewing it Online

September 27, 2017 1356 Views 1 comment Print

Term plans are one of the best types of insurance, owing to the low premium cost and high-value cover. Such plans offer financial security to your loved ones in the case of your sudden demise. If your current term plan is reaching its maturity, you may renew it either from an insurance agent or through […]

Timelines for making applicable/available new Form DPT-3

September 27, 2017 2586 Views 0 comment Print

Clarification regarding the timelines for making applicable/available new Form DPT-3 issued vide the Companies (Acceptance of Deposits) Second Amendment Rules, 2017.

Simplified procedure for stuffing & sealing of export goods in containers

September 27, 2017 6003 Views 2 comments Print

Attention of the Exporters, Custom Brokers and all concerned are invited to the Board Circular No. 26/2017- Customs dated 1st July, 2017, 36/2017- Customs dated 28 August, 2017 and 37/2017- Customs dated 20th September, 2017 on the above mentioned subject prescribing norms for grant of Self Sealing Permission to the exporters intending for factory/warehouse stuffing of export goods.

MGST: Reverse charge on services provided by Individual Advocate

September 27, 2017 1644 Views 0 comment Print

No. MGST- 1017/C.R. 171 /Taxation-1.Services supplied by an individual advocate including a senior advocate by way of representational services before any court, tribunal or authority, directly or indirectly,

GST Revenue Figures – As on 25th September, 2017

September 26, 2017 2451 Views 1 comment Print

GST was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283 crore.

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