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NHAI Masala Bond Launched at London Stock Exchange

May 12, 2017 660 Views 0 comment Print

The Union Minister of Road Transport & Highways and Shipping Shri. Nitin Gadkari yesterday launched the NHAI Masala Bond issue at the London Stock Exchange. The NHAI issue witnessed an overwhelming response from a wide range of investors, some of them being first timers to participate in the Masala Bond market.

Remove ‘novel hardware,’ requirement in prevailing CRI guidelines

May 12, 2017 612 Views 0 comment Print

The present CRI guidelines have put a blanket ban on patenting of computer related inventions unless a ‘novel hardware,’ is also invented thereby impacting the entire ICT sector and allied industries that contribute immensely to India’s gross domestic product (GDP) and generate significant employment

Digital India for Inclusive Growth and Sustainable Development

May 12, 2017 831 Views 0 comment Print

Cashless society is not a new found phenomenon. Decades back, India craved for it with plastic cards. The worldwide trend is to relegate cash transaction and India is not an island. Indian government has been facilitating this trend with a number of schemes and retro-measures. To weed out black money and corruption from public life, Government has been leveraging digital transaction ecosystem.

Maharashtra Goods and Services Tax (MGST) Act, 2017

May 12, 2017 8007 Views 2 comments Print

Maharashtra Goods and Services Tax Act, 2017. A BILL to make provisions for levy and collection of tax on intra- State supply of goods or, services or, both in the State of Maharashtra and the matters connected therewith or incidental thereto.

GST to have far reaching implications for Indian Economy

May 12, 2017 1020 Views 0 comment Print

Introduction of GST would have economy-wide ramifications in terms of growth, inflation, government finances and external competitiveness over the medium-term.

FCRA: Online uploading of Annual Returns from 2010-11 to 2014-15

May 12, 2017 2454 Views 0 comment Print

II/21022/36(0207)/2015-FCRA-II Government of India Ministry of Home Affairs Foreigners Division (FCRA Wing) 1st Floor, NDCC-II Building, Jai Singh Road, New Delhi-110001 Dated the 12th May, 2017 PUBLIC NOTICE SUBJECT : Online uploading of Annual Returns from 2010-11 to 2014-15 under the Foreign Contribution (Regulation) Act, 2010 and rules made there under without payment of penalty. It […]

Drive to clear Drawback Claims pending under Brand Rate

May 12, 2017 3666 Views 0 comment Print

It has been observed that a large number of drawback claims under brand rate are pending as on 31.03.2017 due to non-furnishing of brand rate fixation letters by exporters

Cancellation of LUT BOND/BG at JNCH-req

May 12, 2017 2880 Views 0 comment Print

Attention of all the concerned Advance Licence holders is invited to Public Notice No. 11/2011, dtd.10.02.11. As per the said Public Notice, DEEC Monitoring Cell would select cases, on random basis, out of the cases, where verification is not prescribed by DGFT. In the month of May, 2017

All Payment to Government servants through e-Payment only

May 12, 2017 1512 Views 0 comment Print

All payments to Government servants, including salary payments, shall be made by electronically signed payment advices for direct credit to their bank accounts, subject to availability of banking facilities

Place of Supply of Goods or Services or Both (Under IGST Act)

May 12, 2017 13935 Views 1 comment Print

The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof or as the case may at the point of consumption. So place of supply provision determines the place i.e. taxable jurisdiction where the tax should reach. The place of supply determines whether a transaction is intra-state or interstate. In other words, the place of Supply of Goods or services is required to determine whether a supply is subject to SGST plus CGST in a given State or union territory or else would attract IGST if it is an inter- state supply.

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