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Step to Login and File Reply for Show Cause Notice from MCA-CMS

November 11, 2019 8046 Views 0 comment Print

Step to Login and File Reply for Show Cause Notice from MCA-CMSStep 1 Form the copy of the Notice note down the CMS No. mentioned on the Top and Bottom of the Show Cause Notice Step 2. Open https://mcacms.gov.in/#/ on a browser Step 3. Click on Reply for Show Cause Notice Step 4 A new […]

No GST on service provided by expat employees to project office

November 11, 2019 3765 Views 0 comment Print

In re Hitachi Power Europe Gmbh (GST AAR Uttar Pradesh) Whether the Goods and Services Tax is applicable on the accounting entry made for the purpose of Indian accounting requirements in the books of accounts of Project Officer for salary cost of Expat employees. As per Schedule III of the CGST Act, 2017, “the services […]

Notification No. 43/2019-Customs (ADD), Dated: 11.11.2019

November 11, 2019 918 Views 0 comment Print

Seeks to rescind notification Nos. 24/2018- Customs (ADD) the dated 7th May, 2018, 41/2018- Customs (ADD) and 42/2018- Customs (ADD) dated 24th August, 2018 which had prescribed provisional assessment on export of jute products from Bangladesh by specified exporters.  GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 43/2019-Customs (ADD) New Delhi, the […]

Exempt delayed filing fee for DIR-3 KYC for directors of J&K & Ladakh

November 11, 2019 957 Views 0 comment Print

ICSI request MCA for considering granting exemption from delayed filing fee for DIR 3KYC for the directors resident in the UT of Jammu and Kashmir and UT of Ladakh.

Mortgage Guarantee Companies (Reserve Bank) Directions, 2016

November 10, 2019 1882 Views 0 comment Print

Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 applies to every Mortgage Guarantee Company which has been granted Certificate of Registration under scheme of Registration of Mortgage Guarantee Companies by RBI

Circulars cannot alter or prevail over statutory provision

November 9, 2019 14751 Views 0 comment Print

M/s. Precot Meridian Limited Vs Commissioner of Customs (Madras High Court) It is held that circulars cannot prevail over the statute. Circulars are issued only to clarify the statutory provision and it cannot alter or prevail over the statutory provision. In that circumstance, it is clear that the explanation of provisions of drawback has nothing […]

No transfer on Family settlement amongst family members in context of ‘preexisting right’

November 8, 2019 3072 Views 0 comment Print

In so far as the second substantial question of law is concerned, it is necessary to note that the Assessing Officer, Commissioner of Income-tax (Appeals) and the ITAT have concurrently held that notwithstanding the nomenclature of the settlement, or the fact that the settlement is incorporated in the Consent Decree, the same is not a family settlement as such, the principle in Sachin Ambulkar (supra) is inapplicable.

TRQ & Procedure for import of Crude Soya Oil under India-Mercosur Trade Agreement

November 8, 2019 1209 Views 0 comment Print

TRQ for import of 30,000 MT of Crude Soya Oil from Paraguay under India-Mercosur Preferential Trade Agreement and Procedure for import of Crude Soya Oil (HS Code: 15071000) under India-Mercosur Trade Agreement are laid down vide Public Notice No. 42/2015-2020 Dated the 8th November, 2019 Government of India Ministry of Commerce & Industry Department of […]

FAQs on Special Window for Funding Stalled Housing Project

November 7, 2019 1491 Views 0 comment Print

FAQs on Special Window for Funding Stalled Affordable and Middle-Income Housing Project as Approved by Union Cabinet on November 6, 2019 The Union Cabinet chaired by Prime Minister Shri Narendra Modi  yesterday approved the establishment of a ‘Special Window’ fund to provide priority debt financing for the completion of stalled housing projects that are in […]

CBI Searches At 187 Places in bank fraud cases of Rs. 7200 Crore

November 7, 2019 1098 Views 0 comment Print

CBI has registered around 42 cases of bank frauds involving Rs. 7200 crore (approx.). The banks involved (including consortium members) are Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, SBI, Allahabad Bank, Canara Bank, Dena Bank, Punjab & Sind Bank, Punjab National Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra and Bank of India. .

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