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LTC to Public Bank Employees for Travelling Abroad is subject to TDS

April 20, 2017 6765 Views 0 comment Print

Provisions of section 10(5) of were introduced in order to motivate the employees and also to encourage tourism in India and, therefore, the reimbursement of LTC/LFC was exempted, but, there was no intention of the Legislature to allow the employees to travel abroad under the garb of benefit of LTC available by virtue of s.10(5) […]

Service of Notice in GST regime

April 20, 2017 8619 Views 1 comment Print

Service of Notice is the procedure by which a party gives an appropriate Communication to the second party of initiation of legal action. Service of Communication is an essential step of any process of law.

Accounts and Records – Draft GST Rules

April 20, 2017 7074 Views 0 comment Print

ACCOUNTS AND RECORDS – 1. Maintenance of accounts by registered persons- (1) Every registered person shall keep and maintain, in addition to the particulars mentioned in sub-section (1) of section 35, a true and correct account of the goods or services imported or exported or of supplies attracting payment of tax on reverse charge along with relevant documents, including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment vouchers, refund vouchers and e-way bills.

Advance Ruling – Draft GST Rules

April 20, 2017 2469 Views 0 comment Print

Advance Ruling -1. Qualification and appointment of members of the Authority for Advance Ruling. The Central Government and the State Government shall appoint an officer having the experience of not less than three years in the rank of Joint Commissioner as member of the Authority for Advance Ruling.

Appeals and Revision – Draft GST Rules

April 20, 2017 2790 Views 1 comment Print

An appeal to the Appellate Authority under sub-section (1) of section 107 of the Act shall be filed in FORM GST APL-01, [either] electronically [or otherwise] as may be notified by the Commissioner, and a provisional acknowledgement shall be issued to the appellant immediately.

RTI Information cannot be denied under the excuse of Missing file

April 20, 2017 8103 Views 0 comment Print

The complainant sought details with regard to the file notings of all corresponding papers of file no. DGE&T-A-32013/1/1996-Adm-II. The CPIO replied by stating the concerned file was not traceable. First appeal was filed. The FAA vide his Order dater 11.08.2015

Features of Sovereign Gold Bond Scheme 2017-18 – Series I

April 20, 2017 906 Views 0 comment Print

The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I. Applications for the bond will be accepted from April 24-28, 2017. The Bonds will be issued on May 12, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange. The features of the Bond are given below.

Sovereign Gold Bonds, 2017-18 – Series I – Operational Guidelines

April 20, 2017 1143 Views 0 comment Print

Sovereign Gold Bonds will be available for subscription at the branches of scheduled commercial banks and designated post offices through RBI’s e- Kuber system.

Govt notifies Sovereign Gold Bond Scheme 2017-18 Series I

April 20, 2017 3219 Views 4 comments Print

The Gold Bonds under Sovereign Gold Bond Scheme 2017-18 Series I may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.

Sovereign Gold Bonds 2017-18 – Series I- Terms and conditions

April 20, 2017 1290 Views 0 comment Print

Subscription for the Bonds may be made in the prescribed application form (Form ‘A’) or in any other form as near as thereto stating clearly the grams of gold and the full name and address of the applicant. The receiving office shall issue an acknowledgment receipt in Form ‘B’ to the applicant.

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