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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018

August 30, 2018 3837 Views 0 comment Print

(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018. (ii) They shall come into force with effect from the 1st day of September, 2018.

Calcutta High Court Grants stay on Service Tax Audit

August 30, 2018 13839 Views 3 comments Print

The petitioner seeks a declaration that sub-rule (2) of Rule 5A of the Service Tax Rules, 1994 as substituted by notification no. 23/24/ST dated December 25, 2014 is arbitrary and in conflict with provisions of Section 72A of the Finance Act, 1994. The petitioner also seeks a declaration that, the provisions of clause (k) of subsection (2) of Section 94 of the Finance Act, 1994 is unguided and gives uncontrolled power of delegation. The third prayer is with regard to a notice dated February 16, 2015.

Arun Jaitely Puts 15 Questions on Rafale before Rahul Gandhi & Congress

August 29, 2018 1230 Views 0 comment Print

Arun Jaitley Why these questions? Considering the security environment around India, the highest standards of defence preparedness are required. After the Kargil experience, the Armed Forces and the Raksha Mantralaya were of the opinion that combat ability of the Indian Air Force to strike at targets needs to be radically improved. This need was first […]

Office order No. 142/2018- Promotion and Postings in Pr. CCIT Grade

August 29, 2018 3318 Views 0 comment Print

Consequent upon the approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Principal Chief Commissioner of Income Tax (level 17 in the pay matrix Rs.2,25,000) w.e.f. the date of assumption of charge of the post or until further orders:

Office Order No. 143/2018 – Transfer and posting in CCIT Grade

August 29, 2018 1641 Views 0 comment Print

The following Chief Commissioners of Income Tax are hereby transferred and posted as per the table below, with immediate effect and until further orders:

New E-Com module for SEIS, ANF 3B to be available from 20.09.2018

August 29, 2018 2010 Views 0 comment Print

There is some delay due to testing of the module as this is a new module. The testing is in progress. Therefore, the exporters/ members of trade are requested to apply in the online module for SEIS only after 20.09.2018. Trade Notice No. 28/2018-19, Dated: 29th August, 2018

Notification No. 16/2018-Customs (N.T./CAA/DRI), Dated: 29.08.2018

August 29, 2018 528 Views 0 comment Print

S.O. (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of India, Extra-ordinary, Part-II, section 3

Sharing of cases booked by Customs field formations under Information Sharing Protocol with MB

August 29, 2018 963 Views 0 comment Print

During the ‘Working Group on Intelligence Apparatus’ meeting held on 26.03.2018, it was noted by the Finance Secretary that information sharing has become sporadic and a matter of pick and choose and that it is absolutely essential that intelligence sharing should be a continuous process and not something that is negotiable/discretionary.

Report of the Committee to review offences under Companies Act, 2013

August 29, 2018 1542 Views 0 comment Print

Report of the Committee to review offences under Companies Act, 2013 attempts to make an objective assessment of the existing regulatory framework under the Companies Act, 2013 and makes recommendations to be able to achieve a marked improvement in corporate compliance. In order to ensure that serious offenders are brought to book, it is necessary […]

Quick Insight on GST – Hospitality Industry

August 28, 2018 38901 Views 5 comments Print

The Indian hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Due to the variety of businesses, the hospitality industry is usually one of the largest revenue producers for countries. The growth in the hospitality sector and its contributions to the GDP will continue to be substantially higher than other sectors of the economy on the back of huge tourism potential in the country.

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