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Why Accounts Professionals Should Never Ignore Fitness

October 7, 2020 2391 Views 0 comment Print

Feeling Stressed, Anxious or Overworked Within Your Workspace? If So, Fitness is Your Answer! Did you know that only one in three adults achieve the recommended amount of physical activity each week, and more than 80% of adults do not meet the recommended guidelines for both aerobic or muscle-strengthening activities? Within our daily lives which […]

Directorate General of Audit as a Nodal Directorate for Customs Post Clearance Audit

October 6, 2020 1761 Views 0 comment Print

Instruction No. 18/2020-Customs F. No. 715/03/2020- Cus(AS) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) ***** 5th Floor, nude° Vishala Building, Bhikaji Cama Place, New Delhi, the 06th Oct, 2020   To, All Principal Chief/Chief Commissioners of Customs/Customs (Preventive), All Principal Chief/Chief Commissioners of Customs and Central […]

Madras HC permits re-submission of Form GSTR-3B

October 6, 2020 26535 Views 0 comment Print

Sun Dye Chem Vs Assistant Commissioner (ST) (Madras High Court) A registered person who files a return under Section 39(1) involving intra-State outward supply is to indicate the collection of taxes customer-wise in monthly return in Form GSTR-1 and the details of tax payment therein are auto populated in Form GSTR -2-A of the buyers. […]

Central Govt constitutes Monetary Policy Committee of RBI

October 5, 2020 501 Views 0 comment Print

In exercise of powers conferred by section 45ZB of the Reserve Bank of India Act, 1934, Central Government constitutes Monetary Policy Committee of RBI

CBIC appoints common adjudicating authority- N/No. 02/2020-CE (N.T.)

October 5, 2020 2466 Views 0 comment Print

Notification No. 02/2020-Central Excise (N.T.) Central Board of Indirect Taxes and Customs, appoints the officer specified in column (2) of the table below to act as a common adjudicating authority and invests him with all the powers of Central Excise Officers specified in column (3) of the said table to be exercised for such purposes as specified in column (4) of the said table respectively.

Employer liable, under Motor Vehicles Act, if permits driver to drive with an expired license: SC

October 5, 2020 3231 Views 0 comment Print

Bell Ram Vs Rajinder Kumar & Anr. (Supreme Court) 1. The sole question of law for consideration in the present appeals is whether in case of a valid driving licence, if the licence has expired, the insured is absolved of its liability. 2. The facts are in a very narrow compass. The first respondent herein, […]

FM reviews implementation of Aatma Nirbhar Bharat Package

October 1, 2020 825 Views 0 comment Print

Finance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs

D-Remit – an additional option to contribute to NPS

October 1, 2020 13293 Views 2 comments Print

Direct Remittance or D-Remit – an additional option to contribute – is now available for the Subscribers. D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee Bank directly. To use D-Remit, Subscriber is required to have a Virtual ID (Virtual Account). The introduction of the D-Remit […]

Govt notifies Import Quota of 1.5 Lakh MT of Urad till 31.03.2021

October 1, 2020 780 Views 1 comment Print

Vide notification No. S.O. 3446(E) dated 1st October, 2020 Government notifies Quota of 1.5 Lakh MT of Urad, to be imported till 31st March, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 1st October, 2020 S.O. 3446(E).—In exercise of powers conferred by section 3 of the Foreign Trade (Development and […]

Detection of substantial unaccounted cash & other valuables during surveys under section 133A of Income Tax Act, 1961

September 30, 2020 3384 Views 0 comment Print

Instances have come to the notice of CBDT where despite detection of considerable unaccounted cash and other valuables during the course of survey under section 133A of the Income Tax Act, 1961, Investigation Directorate concerned was not informed to consider appropriate action as per the provisions of section 132 of the Act.

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