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PM reviews progress towards beginning of GST on July 1

June 5, 2017 1533 Views 0 comment Print

The Prime Minister, Shri Narendra Modi, today reviewed the status of GST, which is to be implemented from July 1. The meeting, which lasted for over two and a half hours, was attended by Finance Minister Arun Jaitley, and top-most officials from the Ministry of Finance, PMO and the Cabinet Secretary.

Troubleshoot for DSC registration problem at GSTN Potral

June 5, 2017 58092 Views 3 comments Print

Solution 1:– Stop emSigner service and then start through administrator account To Stop currently running emsigner utility click on utility icon &then click Stop Service. After stopping service again start emsigner utility through Administrator Account. Now check your DSC on GSTN portal under”Register/update DSC” either manually login or through software. Solution 2: Allow port for […]

Puducherry Goods and Services Tax Act, 2017

June 5, 2017 2097 Views 0 comment Print

THE PUDUCHERRY GOODS AND SERVICES TAX ACT, 2017 (Act No. 6 of 2017) AN ACT to make a provision for levy and collection of tax on Intra-State supply of goods or services or both by the Union territory of Puducherry and the matters connected therewith or incidental thereto.

Anti-dumping duty, on ‘Toluene Di-Isocyanate’ (TDI)- Reg.

June 5, 2017 1197 Views 0 comment Print

Seeks to levy provisional anti-dumping duty, on ‘Toluene Di-Isocyanate’ (TDI) originating in or exported from China PR, Japan and Korea RP for a period of six months (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, 5th June, 2017

IRDA: Point of Salespersons- Distribution of Add-ons– Maintenance of records– Submission of Returns

June 5, 2017 2340 Views 0 comment Print

In accordance with point No.VII (3) of Guidelines on Point of Sales Person (POS) No. IRDA/Int/GDL/ORD/183/10/2015 dated 26th October 2015, the insurance companies and insurance intermediaries are advised to keep with them the record of the particulars of the PoS and the business procured by them, as per format given at Annexure I.

Finding of incriminating material during search of third party is a pre-requisite for exercise of power U/s. 153C r.w. section 153A

June 5, 2017 2808 Views 0 comment Print

Materials such as books of account, documents or valuable assets found during a search should belong to a third party which would lead to an inference of undisclosed income of such third party. Such an inference should be recorded by the Assessing Officer having jurisdiction over the searched persons and communicated to the Assessing Officer […]

RLNG supplied by GAIL is not CNG and is Taxable under UP VAT Act

June 5, 2017 5253 Views 0 comment Print

1. Whether ‘Regasified Liquefied Natural Gas’ i.e. ‘RLNG’, sold to revisionist by Gas Authority of India Ltd. i.e. ‘GAIL’ is ‘Compressed Natural Gas (CNG)’, so as to oust it from the purview of taxing Entry 8(a) of Schedule IV of Uttar Pradesh Value Added Tax Act, 2008, (hereinafter referred to as ‘Act’) is the question […]

CBDT notifies changes in Rules related to Refund of TDS

June 5, 2017 8826 Views 0 comment Print

CBDT has vide notification No. 45/2017 notified that claim for refund of TDS paid can be furnished by the deductor in Form 26B electronically under digital signature or verified through an electronic process.

CBDT notifies Cost Inflation indexes with Base Year as 2001-02

June 5, 2017 75630 Views 13 comments Print

CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18 and same are applicable from Financial Year 2017-18.

Final Notification on Tax on Shares Transaction & Sec. 10(38) Exemption

June 5, 2017 18585 Views 0 comment Print

Central Government hereby notifies all transactions of acquisition of equity share entered into on or after the 1st day of October, 2004 which are not chargeable to securities transaction tax under Chapter VII of the Finance (No. 2) Act, 2004 (23 of 2004), other than the following, namely :—

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