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ICAI notifies Revised Scheme of Education and Training

May 25, 2017 11649 Views 1 comment Print

ICAI notified Chartered Accountants (Amendments) Regulations, 2017 regarding New Scheme of Education and Training by amending Chartered Accountants Regulations, 1988.

Issue of Pre-paid Payment Instruments by Co-operative Banks

May 25, 2017 777 Views 0 comment Print

It has now been decided to permit all licenced co-operative banks having their own ATM network to issue semi-closed PPIs, provided there are no restrictions on acceptance or repayment of deposits. This is subject to the compliance with eligibility criteria and other guidelines as prescribed by Department of Payment and Settlement Systems (DPSS), Reserve Bank of India (RBI) from time to time.

Reforms done by the Ministry of Communications in last three years

May 25, 2017 864 Views 0 comment Print

Shri Manoj Sinha brief about the initiatives and reforms done by the Ministry of Communications in last three years India becomes second largest network in the world with crossing the landmark of one billion telephone subscribers: Shri Manoj Sinha Total broadband connection till March 2017 crosses 276.52 million: Shri Sinha Mega spectrum auction fetches highest […]

Govt notifies rule for Printing of One Rupee Currency Notes

May 25, 2017 2532 Views 0 comment Print

The One Rupee Currency Notes shall be printed at the note printing presses for issue under the authority of the Government of India for circulation. The standard paper weight and remedy (tolerance) allowed in printing of One Rupee Currency Notes shall be as specified in the Third Schedule.

Raising Happy Children And Providing Safe Childhoods

May 25, 2017 1323 Views 0 comment Print

Every child has the inherent potential to grow up and achieve his or her full potential and contribute positively towards the growth of nation and society. The Constitution of India grants children the highest priority for their protection and well being.

GST Enrollment to re-open on 1st June, 2017

May 25, 2017 10386 Views 0 comment Print

All Central Excise & Service Tax Assessees Who are yet to enroll In GST, can do it now. Enrollment re-opens for limited period on 1st June, 2017 Please enroll in GST immediately Duty/ Tax credits under existing laws cannot be carried forward in GST unless you enroll, In GST Portal (www.gst.gov.in) TO enroll, please use […]

Taxability under GST on Transportation of Goods or Passengers

May 25, 2017 94584 Views 34 comments Print

Through GTA (Specific goods like agricultural produce, relief materials, defence or military equipments, milk, salt etc. (Exempt)) Other than above through GTA (5% – No ITC)

Income Tax Department Steps-up against Benami property holders

May 25, 2017 2247 Views 0 comment Print

Income-tax Directorates of Investigation have identified more than 400 benami transactions up to 23 May, 2017. These include deposits in bank accounts, plots of land, flat and jewellery. Provisional attachment of properties under the Act has been done in more than 240 cases.

Cabinet approves phasing out FIPB

May 25, 2017 1095 Views 0 comment Print

With FIPB getting abolished, it is expected that foreign investment proposals will be considered by the concerned ministry in consultation with the DIPP. Towards this end it is hoped that DIPP comes out with clear guidelines and operating procedures defining the parameters that should be considered for clearance of proposals. This would is required to ensure that there is alignment in the approach of different ministries

Addendum to GST Rate Schedule For Goods

May 24, 2017 4230 Views 2 comments Print

The list of goods for which the GST rates are yet to be decided by the GST Council, the following entries may be added: (i) Cereals and flour put up in unit container and bearing a registered brand (ii) Puja samagri including havan samagri will be under Nil category. However, the exact formulation for the same is yet to be finalised.

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