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Govt appoints Counsels to handle Indirect Tax litigation before various HCs

October 5, 2017 3402 Views 0 comment Print

The President of India is please to appoint a fresh panel of Sr. /Jr. Standing Counsels of CBEC to handle litigation of Indirect Taxes before various High Courts and other fora

CBDT: Sitting fee for attending meeting of National Committee increased to Rs. 6000 per day

October 5, 2017 1392 Views 0 comment Print

Sitting fee of Rs. 6000 per day for attending a meeting of the National Committee or any Subordinate Committee set up by the Chairman of the National Committee. However, sitting fee would not be payable where applications are considered by circulation or when a member is on tour.

Aadhaar mandatory for Scheme for Promoting Usage of Agrotextiles in North East Region

October 5, 2017 816 Views 0 comment Print

Ministry through the Implementing Agencies, releases central share of subsidy as well as provides ready-made agrotextile kits (hereinafter referred to as the benefits), to the Agrotextile farmers (hereinafter referred to as the beneficiaries);

Fourth Bi-monthly Monetary Policy Statement, 2017-18- Resolution of MPC RBI

October 4, 2017 1017 Views 0 comment Print

The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. The main considerations underlying the decision are set out in the statement below.

Items of common use attracting lower rates under GST

October 4, 2017 1266 Views 0 comment Print

> Milk powder, > Curd, Lassi, Butter milk > Unbranded Natural Honey > Dairy spreads > Cheese > Cashew nut > Raisin > Spices > Tea > Wheat > Rice > Flour > Soyabean > oil > Groundnut oil > Palm oil > Sunflower oil > Coconut oil > Mustard Oil > Other vegetable edible oils > Sugar > Palmyra jaggery > Sugar confectionery > Pasta, spaghetti, macaroni, noodles

Format in MS Word of Letter for Consent of taxpayers and Letter for Migration of Email Based E-Assessment in E-Proceeding

October 3, 2017 11394 Views 0 comment Print

owards this end, as a part of Government’s initiative towards E-governance, from this financial year, Income-tax Department has decided to deepen use of digital platform for conduct of scrutiny assessment proceedings. Accordingly, the pending scrutiny proceedings (getting barred by limitation in Financial Year 2017-18)

National Savings (Monthly Income Account) Rules, 2017

October 3, 2017 1464 Views 0 comment Print

In the National Savings (Monthly Income Account) Rules, 1987, in rule 5, in sub-rule 1, for the words one thousand five hundred, the words one hundred shall be substituted.

PPF account deemed to be closed on Resident A/c holder becoming non Resident

October 3, 2017 4731 Views 3 comments Print

If a resident who opened an account under this scheme, subsequently becomes a non Resident during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes a non-resident and interest with effect from that date shall be paid at the rate applicable to the Post Office Saving Account up to the last day of the month preceding the month in which the account is actually closed

Senior Citizens Savings Scheme (Amendment) Rules, 2017

October 3, 2017 9687 Views 0 comment Print

In the Senior Citizen Savings Scheme Rules, 2004, in rule 2, in clause (d), in sub-clause (ii), in the second proviso, for the words irrespective of the above age limit the words on attaining the age of fifty years shall be substituted.

IGST on Services Provided to Head Office abroad challenged in HC

October 3, 2017 2709 Views 0 comment Print

Notice. Mr. Sanjeev Narula, the learned CGSC accepts notice for Respondent No.1 and Mr. Harpreet Singh, Sr. Standing Counsel accepts notice for Respondent No.2. Reply be filed on or before 17th October, 2017 and rejoinder, if any, be filed before the next of hearing.

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