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GST- Simplified Meaning

February 10, 2017 3840 Views 0 comment Print

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.

ICAI to condone delay in submission of Form 112

February 10, 2017 15339 Views 0 comment Print

It is also notified that wherever any statement made by a student or member is found to be false or varying with the facts discovered during the scrutiny process or later at any stage, the student and/ or member concerned will be liable to be proceeded with in accordance with the provisions of the Chartered Accountants Act, 1949 and Rules/ Regulations framed thereunder.

Coverage of contract workers of MES under EPF & MP Act 1952

February 10, 2017 2904 Views 0 comment Print

It is intimated that MES issued instructions to their field functionaries for strict compliance. The address of CEs Command & ADG (OF & DRDO) is enclosed in the letter in Appendix ‘A’ who shall provide details of 5, A, B, C, D and E class contractors engaged by MES. ACC (Zones) are advised to contact any of such concerned Chief Engineer, Commands as given in Appendix ‘A’ in the first instance who will provide the data and issue directions to their subordinate field functionaries.

Public Notice No. 57/2015-2020, Dated: 10.02.2017

February 10, 2017 2523 Views 0 comment Print

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20, the Director General of Foreign Trade hereby includes the following agencies in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20

Amendment in Paragraph 3.06 of Handbook of Procedures 2015-20

February 10, 2017 6918 Views 0 comment Print

Applicant shall have option to choose Jurisdictional RA on the basis of Corporate Office/ Registered Officeiliead Office Branch Office address endorsed on IEC for submitting application’s under MEIS and SETS. This option need to be exercised at the beginning of financial year. Once an option is exercised, no change would be allowed for claims relating to that year. To illustrate, it. an exporter has chosen LA Chennai for claiming rewards for exports made in 2015.16,then all claims for exports made in 2015-16, irrespective of the date of application shall be made to RA Chennai only.

Repealing and Amending Bill, 2017 introduced in Lok Sabha

February 10, 2017 1182 Views 0 comment Print

The National Institutes of Technology, Science Education and Research Act, 2007.— The amendment proposed to the Act seeks to rectify the mistake that had inadvertently crept in at the time of amending the said Act vide Act 9 of 2014.

Intermediate (IPC), November 2016 – Merit List

February 10, 2017 3726 Views 0 comment Print

Intermediate (IPC), November 2016 – Merit List – (10-02-2017) S.NO. ROLL NO. REG NO. NAME CITY TOTAL MARKS RANK 1 554071 WRO0570575 REKHA GHEVARRAM SUTHAR PUNE 559 1 2 511599 ERO0219359 AAYUSH AGARWAL KOLKATA 553 2 3 434704 SRO0543844 SHIVKRISH V CHENNAI 545 3 4 512008 ERO0213596 ANUJ PODDAR KOLKATA 543 4 5 412666 NRO0408807 […]

TCS relaxation on jewellery: Proposed amendment to Section 206C

February 10, 2017 30015 Views 5 comments Print

Prior to the amendment proposed by Finance Act 2017, the section provided for collection of tax at source at the rate of one per cent on sale in cash of bullion exceeding 2 1akh rupees and jewellery exceeding 5 lakh rupees.

TCS under Model GST Law – A challenge for e-commerce marketplaces

February 10, 2017 2229 Views 0 comment Print

The Tax Collection at Source (TCS – Section 56) clause under the GST draft model law, mandates e-commerce marketplaces, to deduct 2% of the transaction value and submit it to the government.

Section 101- Appeals to Appellate Tribunal under Revised Model GST Law

February 10, 2017 2622 Views 0 comment Print

The provisions relating to filing of appeal to the appellate tribunal are discussed in this update. The appeal provisions prescribing time limit for filing appeal to Tribunal are similar to that for filing appeal to first appellate authority with the distinction that the first appellate authority can condone delay in filing appeal upto one month but Tribunal can condone delay in filing appeal for any duration.

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