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E-Procurement in new GST formations under CBEC– reg.

July 24, 2017 2055 Views 0 comment Print

As per Rule 160, Chapter-6 of GFRs, 2017, it is mandatory for Ministries/Departments to receive all bids through e-procurement portals in respect of all procurements. For enabling procurements required for day-to-day running of offices,CBEC has been using the e-procurement solution developed by NIC.

Premature Closure of PPF account- clarifications

July 24, 2017 4554 Views 0 comment Print

If a PPF account that has already completed 15 years and has subsequently been extended under the provision of para 9(3A) of the PPF Scheme is closed prematurely before the completion of the current 5 year block period, the reduction in interest rate by 1 percentage point shall be applicable from the date of the commencement of the current 5 year block period and not from the date of initial opening of the account.

Order Continuing Anti-Dumping duty made After Expiry of Duty Period is Invalid: SC

July 23, 2017 2016 Views 0 comment Print

Before the High court, the petitioners, M/S. Kumho Petrochemicals Company Limited And Another, made two submissions. Firstly, the order of continuation of anti-dumping duty, made after expiry of the duty period, is bad in law. Secondly, the initiation of the anti-dumping duty investigation was also bad in law on the ground that public notice of initiation was not published in the Official Gazette before January 01, 2014, i.e., before the expiry of the anti-dumping duty at the end of five years period.

Result of CAs Intermediate (IPC) May 2017 Exam on 1st August 2017

July 23, 2017 1410 Views 0 comment Print

Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May 2017 is likely to be declared on Tuesday, the 1st August 2017.

WCO praises tax reforms in India including implementation of GST

July 22, 2017 798 Views 0 comment Print

The Union Finance Minister, Shri Arun Jaitley:The National Trade Facilitation Action Plan (NTFAP) aims to align border procedures with international best practices and improve Ease of Doing Business; Dr Kunio Mikuriya, Secretary General, World Customs Organization (WCO) calls on the Finance Minister and praises the massive reforms undertaken by the present Government in the Indian […]

GST: Time to opt Composition scheme & to apply registration cancellation extended

July 22, 2017 2622 Views 0 comment Print

Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration is being extended up to 30th September, 2017.

Applicability of GST in December, 2017 CS Professional Programme Examination

July 22, 2017 2088 Views 0 comment Print

We are pleased to inform you about the introduction of Goods & Services Tax (GST) in the Taxation Curriculum of CS Professional Programme under Part B of Advance Tax Laws and Practice (Module 3 Paper 7) for December 2017 Examination. GST has been made applicable for knowledge enhancement and updation of students and to equip them in the new indirect taxation regime.

ICSI: Applicability of GST in December, 2017 Executive Programme Examination

July 22, 2017 2739 Views 0 comment Print

We are pleased to inform you about the introduction of Goods & Services Tax (GST) in the Taxation Curriculum of CS Executive Programme under Tax Law and Practice Paper (Module – 1 Paper – 4) for December 2017 Examination. GST has been made applicable for knowledge enhancement and updation of students and to equip them in the new indirect taxation regime.

Number of Registration of GSTN crosses 77.5 lakhs

July 22, 2017 1356 Views 0 comment Print

Till 18th July 2017, the total number of GSTIN registrations is 77,55,416. No major problems have been reported post Goods and Services Tax (GST) from the field offices across the country Internet is not required for doing / conducting business. It would be required only for the purpose of filing of returns under GST. The […]

Government has constituted a Committee to monitor impact of GST

July 22, 2017 1167 Views 0 comment Print

Government has constituted a Central Monitoring Committee headed by the Cabinet Secretary to monitor the impact of GST.Three meetings of the Central Monitoring Committee have been held on 2nd July, 11th July and 18th July. The reports include the details of feedback received from various Ministries and Departments regarding the following issues:

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