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Prescribe generic drugs or face disciplinary action: MCI to Doctors

April 21, 2017 3804 Views 0 comment Print

Every physician should prescribe drugs with generic names legibly and preferably in capital letters and he/she shall ensure that there is a rational prescription and use of drugs.

Notification No. 17/2017-Customs, Dated: 21.04.2017

April 21, 2017 4515 Views 0 comment Print

Seeks to exempt goods, falling under the First Schedule to the Customs Tariff Act, 1975, when imported into India by or along with a unit of the Army, the Navy, the Air Force or the Central Paramilitary Forces on the occasion of its return to India after a tour of service abroad, from basic customs duty (BCD), CVD and SAD subject to the specified conditions.

Frequently Asked Questions on The Companies Act, 2013

April 20, 2017 7737 Views 0 comment Print

The Companies Act, 2013 was enacted to improve Corporate Governance and better transparency in the corporate sector which is imperative to infuse confidence amongst investors in Indian market and abroad and to further strengthen regulations for the companies

Payment of GST

April 20, 2017 16416 Views 4 comments Print

There are 3 Electronic ledgers namely E-liability ledger, E-cash ledger & E-credit ledger which the taxpayer can see on their dashboard once they login to GSTN portal.

Notification No 15/2017-Customs, Dated: 20.04.2017

April 20, 2017 2121 Views 0 comment Print

Notification No 15/2017-Customs Seeks to amend 8/2011 dated 14.2.2011 so as to extend the exemption of additional duty of Customs to specified jute products imported from Nepal

Partners to Explain Source of Gift received by their Minor Children

April 20, 2017 1149 Views 0 comment Print

We cannot loose sight of the fact that the minors in question were children of the partners in the firm and therefore, it had to be the partners who would have both arranged the gifts and also made the decisions to introduce money into the firm in name of the minors.

Filing of Audit Report along with Income Tax Return is not Mandatory

April 20, 2017 9009 Views 0 comment Print

This question is regarding filing of audit report in form 10CCB. If it is not filed alongwith return but filed before assessment, will it amount to non-compliance of Section 80IB (13) read with Section 80IA (7).

LTC to Public Bank Employees for Travelling Abroad is subject to TDS

April 20, 2017 6432 Views 0 comment Print

Provisions of section 10(5) of were introduced in order to motivate the employees and also to encourage tourism in India and, therefore, the reimbursement of LTC/LFC was exempted, but, there was no intention of the Legislature to allow the employees to travel abroad under the garb of benefit of LTC available by virtue of s.10(5) […]

Service of Notice in GST regime

April 20, 2017 8151 Views 1 comment Print

Service of Notice is the procedure by which a party gives an appropriate Communication to the second party of initiation of legal action. Service of Communication is an essential step of any process of law.

Accounts and Records – Draft GST Rules

April 20, 2017 6777 Views 0 comment Print

ACCOUNTS AND RECORDS – 1. Maintenance of accounts by registered persons- (1) Every registered person shall keep and maintain, in addition to the particulars mentioned in sub-section (1) of section 35, a true and correct account of the goods or services imported or exported or of supplies attracting payment of tax on reverse charge along with relevant documents, including invoices, bills of supply, delivery challans, credit notes, debit notes, receipt vouchers, payment vouchers, refund vouchers and e-way bills.

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