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Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 – Clarification

March 16, 2017 1515 Views 0 comment Print

Currently, banks are issuing an acknowledgement for having received the amounts under PMGKDS. The details of the deposit are then entered in the Bank’s e-kuber application which generates a Subscription Receipt.

Why Union Territory GST law (UTGST) is important under GST

March 16, 2017 23811 Views 2 comments Print

As we know Goods & Service Tax (GST) Council at its meeting to be held on 16th March 2017 shall approve State GST law (SGST) and Union Territory GST Law (UTGST).

Average cost method of valuing inventories is an accepted method

March 15, 2017 2244 Views 1 comment Print

Having heard Mr. Pinto at some length and perusing with his assistance the order, dated 19­7­2013, passed by the Income Tax Appellate Tribunal, “F” Bench, Mumbai in Income Tax Appeal No.4125/Mum/2012 for the Assessment Year 2009-­10, we are of the view that the same does not raise any substantial question of law.

Constitution not allow a MP to make defamatory statement outside Parliament

March 15, 2017 2070 Views 0 comment Print

It was held that Article 105(2) though gives immunity in respect of everything said in Parliament but subject to the limitation that it should have been said during the sitting of Parliament and in the course of business of Parliament.

Govt establishes Debts Recovery Tribunal at Siliguri WEF 16.03.2017

March 15, 2017 4458 Views 0 comment Print

Central Government hereby notifies the establishment of the Debts Recovery Tribunal at Siliguri with effect from the 16th day of March, 2017

GST Enrollment migration of existing registered Assessees

March 15, 2017 4467 Views 0 comment Print

The GST Law is expected to be implemented by 1st July 2017. The GTSN – the technology wing of GST is working relentlessly and undertaking the testing of the software on a regular basis. The Government, for once, seems to be far ahead of the industry with its planning and cautious measures to implement GST […]

Draft IRDA (Preparation of Financial Statements of Insurers) Regulations, 2017

March 15, 2017 3393 Views 0 comment Print

In order to address the implementation issues, the Authority had constituted the Implementation Group on Ind-AS in Insurance Sector in India. The group has submitted its report on 30th December 2016.

FDI in trading of Food Products

March 14, 2017 1074 Views 0 comment Print

Ministry of Food Processing Industries has held three meetings on 17.03.2016, 03.08.2016 and 27.02.2017 with Ambassadors and High Commissioners in India of various foreign countries namely Australia, China, Canada, France, Indonesia, Japan, Korea, Netherland, Poland, Russia, Singapore, UK, New Zealand, UAE, Thailand, Germany, Belgium, Brazil, USA, Malaysia, Mexico, Switzerland, Spain and Italy. These meetings were […]

Mandatory for Hospitals to issue detailed bills to patients & to separately disclose cost of Coronary Stents

March 14, 2017 1455 Views 0 comment Print

National Pharmaceuticals Pricing Authority (NPPA), has directed hospitals to issue detailed bills to the patients, specifically and separately mentioning the cost of the Coronary Stents, along with the brand name of the manufacturer and importer, batch number and other details.

Service Charges are Discretionary/ Voluntary

March 14, 2017 1101 Views 0 comment Print

The Ministry of Consumer Affairs, Food and Public Distribution has issued advisory to all the State Governments/UTs to sensitise the companies, hotels and restaurants in the state regarding the relevant provisions of the Consumer Protection Act, 1986 on unfair trade practices

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