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Imports of PUF panels/doors for chilled rooms/cold storages under EPCG Scheme

January 31, 2019 2061 Views 0 comment Print

Imports of PUF panels/doors for chilled rooms/cold storages for storage of fresh fruits and vegetables are allowed under the EPCG Scheme.

CBDT notifies BSE Limited as recognised association U/s. 43(5)(e)

January 31, 2019 1413 Views 0 comment Print

entral Government hereby notifies M/s BSE Limited. Mumbai (PAN: AACC1166721.) as a ‘recognised association’ for the purpose of Said clause with effect from 01.10.2018 (the date of commencement of trading in commodity derivative segment) subject to fulfilment of following conditions in respect of trading in derivatives. namely;

MCA Repeals Companies Act, 1956 from 30 January 2019

January 30, 2019 18024 Views 0 comment Print

Central Government hereby appoints the 30th January, 2019 as the date on which the provisions of section 465 of the said Act in so far as they relate to the repeal of the Companies Act, 1956 (1 of 1956) [that in except in so far as they relate to the repeal of the Registration of Companies (Sikkim) Act, 1961 (Sikkim Act 8 of 1961)] shall come into force.

Fill column no. 45 of ANF 2D to seek FTP/HBP provisions relaxation

January 30, 2019 1626 Views 0 comment Print

It has been decided that henceforth all applicants seeking relaxation of FTP/HBP provisions must fill up column no. 45 of ANF 2D, while making online application, clearly bringing out the relaxation being sought mentioning the relevant para of FTP/HBP also.

Amendments in HBPs related to Facility of Clubbing of Authorisations

January 30, 2019 1173 Views 0 comment Print

Para 4.38 Facility of Clubbing of Authorisations: (i) No clubbing of Authorisations issued on or before 31st March, 2009 shall be allowed. (ii) Request for clubbing shall be made in ANF – 4C to the concerned RA who has issued the Authorisations.

Real Estate Regulatory Authorities’ notified by CBDT U/s. 10(46)

January 30, 2019 1020 Views 0 comment Print

Central Government hereby notifies for the purposes of the said clause, ‘Real Estate Regulatory Authorities’ as specified in the schedule to this notification, constituted by Government in exercise of powers conferred under sub-section (1) of Section 20 of The Real Estate (Regulation and Development) Act, 2016 (16 of 2016) as a ‘class of Authority’ in respect of the following specified income arising to that Authority, namely:—

Joint Electricity Regulatory Commission Goa notified u/s 10(46)

January 30, 2019 462 Views 0 comment Print

‘Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi)’, a commission constituted by the Government of India, in respect of the following specified income arising to that Commission, namely:—

Do not enter into any Benami Transactions, It’s illegal & punishable

January 30, 2019 1584 Views 0 comment Print

DO NOT ENTER INTO BENAMI TRANSLATIONS. IT’S ILLEGAL AND PUNISHABLE Benami Transaction is an arrangement in which a property (movable or immovable) is transferred to or held in the name of one person (Benamidar), but is actually owned and enjoyed by another person (beneficial owner). For exceptions – refer to The Prohibition of Benami Property […]

GST Provisions for Goods Transport Agency

January 29, 2019 7971 Views 0 comment Print

The implementation of Goods and Service Tax ushered in much needed reforms in India’s largely unorganized logistics and transport sector, and helped to speed up the movement of trucks. Since the border checkposts were dismantled, after implementation of Goods and Service Tax, the same has led to around 20% reduction in turnaround time. The e-way […]

Restaurants GST Rates

January 29, 2019 71805 Views 10 comments Print

As under the earlier tax regime, initially, at the time of introduction of Goods and Service Tax (GST), the GST rates on restaurant services were based on the availability of AC or liquor licence, and further, the advantage of the input tax credit was entirely made available to the restaurant owner. However, due to the […]

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