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MVAT: Guidelines regarding Cross Checking of Input Tax Credit (ITC)

May 3, 2017 54963 Views 4 comments Print

Unmatched ITC means ITC not matched due to one of the TIN not being uploaded in either Annexure J1 or Annexure J2. Whereas, mismatched ITC is due to the difference in amounts of transaction disclosed by the respective buyer and supplier in their Annexure j2 and Annexure j1, respectively.

Empanelment of advocates with EPFO

May 3, 2017 7494 Views 1 comment Print

EPFO has initiated the process of constitution of fresh panel of advocates to represent CBT, EPF before Hon’ble Supreme Court of India. High Court of Delhi and EPF Appellate Tribunal

Work allocation & revised reporting structure of CBDT Directorates

May 3, 2017 3966 Views 0 comment Print

CBDT has considered work allocation of attached Directorates on functional basis and has approved following changes in existing functions and reporting structure for Directorates attached to CBDT.

CBDT distributes work among Members of CBDT

May 3, 2017 1128 Views 0 comment Print

In modification of the existing order and with the approval of the Competent Authority, the following distribution of work among Members of CBDT is, hereby, ordered with immediate effect and until further orders

Anti-dumping duty on import of Elastomeric Filament Yarn

May 3, 2017 2031 Views 0 comment Print

Seeks to levy definitive anti-dumping duty on import of Elastomeric Filament Yarn from China PR, South Korea, Taiwan and Vietnam for a period of five years (unless revoked, superseded or amended earlier) in pursuance of final findings of the Directorate General of Anti-Dumping & Allied Duties dated 24.03.2017.

ITBA- Conversion of Case from Limited to Complete Scrutiny – Reg.

May 3, 2017 3279 Views 0 comment Print

The following processes forming a part of the Assessment module are now available to the users in ITBA: (A) Reference to Valuation Officer and (B) Conversion of Case from Limited to Complete Scrutiny.

Anti-dumping duty on Viscose Filament Yarn import from China

May 3, 2017 1677 Views 0 comment Print

Seeks to extend the levy of anti-dumping duty, imposed on Viscose Filament Yarn originating in or exported from China PR under notification No. 23/2012-Customs (ADD), dated 04.05.2012, for a further period of one year i.e. upto and inclusive of 03.05.2018.

Master Circular on IRDAI (Investment) Regulations, 2016

May 3, 2017 11943 Views 0 comment Print

The Authority, to enforce IRDAI (Investment) Regulations, had issued various Circulars and Guidelines at different times. This Master Circular covers all Circulars, Guidelines which are effective to date, to serve as one stand point reference. While due care had been taken to prepare this Master Circular, users may point out inconsistencies, through Life Insurance Council or General Insurance Council, which will be addressed in subsequent versions

IRDA: Conditions to adopt existing health insurance products

May 3, 2017 1158 Views 0 comment Print

Offering Existing Health Insurance Products that are in Compliance with IRDAI (Insurance Services by Common Service Centers) Regulations, 2015 as CSC Insurance Products, for distribution through Common Service Centers JCSC)

IRDA clarifies on Classification of General Insurance Products as Retail or Commercial

May 3, 2017 6510 Views 0 comment Print

General insurance products that are classified as both Retail and Commercial need to be distinguished from one another with a suitable name change or pre fix or suffix as the case may be and need to have a separate Unique Identification Number (UIN). All the insurers, therefore, shall resubmit the list of existing products being sold both as Retail and Commercial on or before 1St October, 2017. The required UIN for the product will be allotted by the Authority through BAP.

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