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Section 276-B Criminal Prosecution for TDS default – Who is liable?

December 16, 2019 6627 Views 0 comment Print

Eckhard Garbers Vs Shri Shubham Agrawal (Sessions Court, Mumbai) Section 276-B Criminal Prosecution for TDS default: Chief Finance Officer, who was responsible for the day to day finance matters including recovery of TDS from the customers and to deposit in the account of the Central Government, was prima facie responsible for the criminal prosecution for […]

Liquidity Support (LS) Facility – NEFT 24 x 7

December 13, 2019 882 Views 0 comment Print

In order to facilitate smooth settlement of NEFT transactions in the accounts of the member banks maintained with the Reserve Bank in a 24×7 environment, it has been decided to provide an additional collateralised intra-day liquidity facility, to be called Liquidity Support (LS).

Revised Procedure for custom clearance of toys

December 13, 2019 2547 Views 0 comment Print

Sample will be randomly picked from each consignment and will be sent to NABL accredited Labs for testing and clearance may be given by Customs on the condition that the product cannot be sold in the market till successful testing of the sample. Further, if the sample drawn fails to meet the required standards, the consignments will be sent back or will be destroyed at the cost of importer.

National Savings Certificates (VIII Issue) Scheme, 2019

December 12, 2019 6522 Views 0 comment Print

On an application to accounts office in Form-1, following types of accounts can be opened under National Savings Certificates (VIII Issue) Scheme, 2019 namely- (a) Single Holder Type Account; (b) Joint A- Type Account; and (c) Joint B – Type Account.

National Savings (Monthly Income Account) Scheme, 2019

December 12, 2019 4164 Views 0 comment Print

The account under National Savings (Monthly Income Account) Scheme, 2019 may be opened by making an application in Form-1 by-(i) a single adult; (ii) upto a maximum of three adults in joint names; (iii) a minor who has attained the age of ten years; (iv) a guardian on behalf of a minor or a person of unsound mind.

Sukanya Samriddhi Account Scheme, 2019

December 12, 2019 10152 Views 1 comment Print

MINISTRY OF FINANCE Department of Economic Affairs) NOTIFICATION New Delhi, the 12th December, 2019 G.S.R. 914(E).—In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.- (1) This Scheme may be called the […]

GSTR-3B filing due date extended for J&K taxpayers (Oct 2019)

December 12, 2019 17367 Views 0 comment Print

Notification No. 67/2019-Central Tax– Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the month of October, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 67/2019-Central Tax New Delhi, the 12th December, […]

GSTR-3B filing due date extended for J&K taxpayers (July 19 to Sep 19)

December 12, 2019 59202 Views 0 comment Print

Notification No. 66/2019-Central Tax– Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 66/2019-Central Tax New Delhi, […]

GSTR-7 filing due date extended for J&K taxpayers (July 19 to Oct 19)

December 12, 2019 333 Views 0 comment Print

Notification No. 65/2019-Central Tax- Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Jammu and Kashmir for the months of July, 2019 to October, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 65/2019-Central Tax New Delhi, […]

Monthly (Oct, 19) GSTR-1 filing due date extended for J&K registered persons

December 12, 2019 444 Views 0 comment Print

Notification No. 64/2019-Central Tax– Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the month of October, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification […]

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