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Maharashtra Govt. reduces stamp duty on residential house for EWS & LIG groups

March 31, 2018 12006 Views 9 comments Print

Maharashtra Government fixes the stamp duty to the extent of Rs-1000 only as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument for Economically Weaker Section (EWS) & Lower Income Groups (LIG).

Procedure for obtaining unique DPD code to DPD importers -Reg.

March 30, 2018 6861 Views 0 comment Print

As per the prevailing provisions, the importer who intends to avail DPD facility shall have to submit duly filled in registration form along with certain prescribed documents to get themselves registered with the Port Terminals.

Promotion of 305 ACIT to the grade of DCIT

March 30, 2018 8283 Views 0 comment Print

Notification No. 05 of 2018 – Promotion of 305 Assistant Commissioners of Income Tax to the grade of Deputy Commissioners of Income Tax

Appointment of 149 IRS Officers in the grade of ACIT

March 30, 2018 2235 Views 0 comment Print

Notification No. 04 of 2018 – Confirmation of appointment of IRS Officers (2013 batch) in the grade of Assistant Commissioners of Income Tax – reg.

E-way Bill at a Glance

March 30, 2018 4164 Views 1 comment Print

E-way Bill is a document to be generated electronically before the movement of goods both for Intra State (within State) and inter-state (from one state to another) supply having value more than Rs. 50,000/-. The purpose of the e-way bill is to eradicate the tax evasion and to ensure the ease of doing business by avoiding the wastage of time at the check posts.

ICICI Bank’s clarification on RBI penalty

March 29, 2018 1254 Views 0 comment Print

RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM. ICICI Bank had continued with the sales from HTM category for a few weeks during the quarter ended March 31, 2017, due to a genuine misunderstanding on the timing of the applicability of RBI’s direction in this matter.

IBBI amends Insolvency Resolution & Liquidation Process Regulations

March 29, 2018 1029 Views 0 comment Print

IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

CBEC extends GST Refund on Export Fortnight till 31.03.2018

March 29, 2018 891 Views 0 comment Print

In order to facilitate the sanction of refunds, the Central Board of Excise and Customs (CBEC) has decided to extend the Refund Fortnight and keep open all the Customs field formations on 29.03.2018, 30.03.2018 and 31.03.2018 even though these are holidays/ non-working days. Necessary administrative instructions have been issued in this regard.

Union Cabinet Decision on NFRA and ICAI Response

March 29, 2018 1980 Views 1 comment Print

Section 132 of Companies Act, 2013 provided for the creation of National Financial Reporting Authority (NFRA), and one post of Chairperson, three posts of full-time members and one post of Secretary of NFRA. Union Cabinet chaired by the Prime Minister recently approved the same while specifying the details such as pay scale and other terms and conditions vis-à-vis the posts of NFRA Chairman, full-time members and Secretary.

Let’s hear from Rank Holders of CS Foundation Programme

March 29, 2018 1077 Views 0 comment Print

What I achieved was impossible to do so without the guidance of my teachers, Support of my parents and help of my friends. This achievement is not my personal achievement but a result produced by group efforts of my teachers, family and friends. What I simply did was just respect and work in harmony with them and result just came in.

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