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Demonetisation- Criticism is for not giving time to convert Black in White: PM

November 25, 2016 2893 Views 0 comment Print

मैं समझता हूं कि मुद्दा ये नहीं है कि सरकार ने पूरी तैयारी नहीं की। ऐसे लोगों की पीड़ा इस बात की है कि सरकार ने किसी को तैयारी करने का समय नहीं दिया।

Taxability of Jewellery Industry Post Budget 2016-17

November 25, 2016 11680 Views 1 comment Print

Central Excise duty on Jewellery though introduced initially for branded Jewellery and later extended to all Jewellery was subsequently withdrawn due to pressure from the industry.

Exchanging Old Currency Under Demonetization

November 25, 2016 3955 Views 1 comment Print

The Reserve Bank of India laid down a detailed procedure for the exchange of the demonetized banknotes with new ₹500 & ₹2000 bank notes of newly issued series and ₹100 bank notes of previously circulated series.

MVAT: Computerized Desk Audit (CDA) for the period 2013-14

November 25, 2016 8986 Views 0 comment Print

The department has generated Computerized Desk Audit (CDA) reports for the period 2013-2014 after analyzing electronic data pertaining to e-Returns, audit reports in form e-704 and annexures thereof uploaded by all the dealers.

Anti-dumping duty on imports of Low Ash Metallurgical Coke

November 25, 2016 2770 Views 0 comment Print

G.S.R. (E). – Whereas in the matter of “Low Ash Metallurgical Coke” (hereinafter referred to as the subject goods) falling under sub-heading 2704 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act)

No Exchange of demonetised Bank Notes from 25.11.2016

November 24, 2016 1885 Views 0 comment Print

Central Government hereby further amends notification of the Government of India, in Ministry of Finance, Department of Economic Affairs number S.O. 3407 (E) dated 8th November, 2016 published in Gazette of India

NBFC takeover Procedure

November 24, 2016 16573 Views 3 comments Print

Following is the Procedure for NBFC takeover- Acquirer of NBFC can first go through the documents of the Target company and once Acquirer confirms the Acquisition of the said NBFC, MOU to be signed with some token money.

No Service Charge on internet booking of Railway tickets via IRCTC

November 24, 2016 1282 Views 0 comment Print

In order to help passengers and incentivise the payment through credit/debit/cash cards instead of cash payment for booking of reserved tickets, Service Charge shall not be collected on booking of e-tickets/ i-tickets from 23rd November to 31st December, 2016.

IND-as Implementation Practicle Approach

November 24, 2016 6286 Views 0 comment Print

As you all are aware that on 16 Feb 2015, the Ministry of Corporate Affairs (MCA) notified the Companies (Indian Accounting Standards) Rules, 2015 laying down roadmap for the application of IFRS converged standards (Ind-AS) to Companies on 30 March 2016, the notified the Companies (Indian Accounting Standards Amendments ) Rules 2016.

Matching Concept Under GST Law

November 24, 2016 11200 Views 2 comments Print

Section 29- Matching, reversal and reclaim of Input Tax Credit of Model GST law explains how Input Tax Credit (ITC) will be allowed under GST regime.

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