CBIC enables Central Excise and Service Tax Duties payment collection from ICEGATE via NEFT/RTGS The Central Board Indirect Taxes and Customs ( CBIC ) has enabled Central Excise and Service Tax Duties payment collection from ICEGATE via NEFT/RTGS. The CBIC has issued advisory and explained Steps for making and enabling payments through icegate portal. The […]
Ravi Agrawal Vs Union of India (Supreme Court) The petitioner may be justified in pointing out that there could be harsh cases where handicapped persons may need the payment on annuity or lumpsum basis even during the lifetime of their parents/guardians. For example, where guardian has become very old but is still alive, though he […]
The Reserve Bank of India has issued a number of guidelines/instructions on Lead Bank Scheme from time to time. This Master Circular consolidates the relevant guidelines/instructions issued by Reserve Bank of India on Lead Bank Scheme up to June 30, 2019 as listed in the Appendix.
Article contains Provisions applicable to a MSME related to GST Registration, Composition Levy Scheme, Input Tax Credit, Tax Invoice in GST, Exemption from Compulsory Audit by CA for MSME Sector, Returns in GST and Measures taken for the MSME Sector under GST. Article further contains Major Decisions of the GST Council related to MSME on […]
GST Revenue collection for the month of June, 2019 stands at Rs.99,939 crore. Total number of GSTR 3B Returns filed for the month of May up to 30th June, 2019 stands at 74.38 lakh Total gross GST revenue collected in the month of June, 2019 is ₹ 99,939 crore of which CGST is ₹ 18,366 crore, SGST is ₹ […]
Master Circular on the Scheme of Penalties for bank branches including currency chests based on performance in rendering customer service to members of public 1. The Scheme of Penalties for bank branches including currency chests has been formulated in order to ensure that all bank branches provide better customer service to members of public with regard to exchange of notes and coins, in keeping with the objectives of Clean Note Policy.
1. Facility for exchange of notes and coins at bank branches (a) All branches of banks in all parts of the country are mandated to provide the following customer services, more actively and vigorously to the members of public so that there is no need for them to approach the RBI Regional Offices for this purpose:
Foreign Liabilities and Assets Information Reporting (FLAIR) User Manual for FLA User Registration Form (Company/LLP/Others) 1. Who is an Entity? A Company within the meaning of section 1(4) of the Companies Act, 2013 A Limited Liability Partnership (LLP) registered under the Limited Liability Partnership Act, 2008 Others [include SEBI registered Alternative Investment Funds (AIFs), Partnership […]
Foreign Liabilities and Assets Information Reporting (FLAIR) User Manual for submission of online FLA Form (Company/LLP/ Others) 1. FLA online form 1.1 Logging on to FLA online form Step 1: Enter your user name, new password and valid Captcha. (The captcha is case sensitive.) Step 2: Enter OTP code (the user will receive the OTP […]
Shri Sushil Kumar Golecha Vs ACIT (ITAT Indore) The law is well settled where the issue of jurisdiction of assessing authority is concerned, if the jurisdiction assumed is not in accordance with law, then it cannot be cured or ignored under the provisions of section 292B of the Act. In our considered view, the assumption […]
