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Advance Ruling – Draft GST Rules

April 20, 2017 2076 Views 0 comment Print

Advance Ruling -1. Qualification and appointment of members of the Authority for Advance Ruling. The Central Government and the State Government shall appoint an officer having the experience of not less than three years in the rank of Joint Commissioner as member of the Authority for Advance Ruling.

Appeals and Revision – Draft GST Rules

April 20, 2017 2367 Views 1 comment Print

An appeal to the Appellate Authority under sub-section (1) of section 107 of the Act shall be filed in FORM GST APL-01, [either] electronically [or otherwise] as may be notified by the Commissioner, and a provisional acknowledgement shall be issued to the appellant immediately.

RTI Information cannot be denied under the excuse of Missing file

April 20, 2017 7284 Views 0 comment Print

The complainant sought details with regard to the file notings of all corresponding papers of file no. DGE&T-A-32013/1/1996-Adm-II. The CPIO replied by stating the concerned file was not traceable. First appeal was filed. The FAA vide his Order dater 11.08.2015

Features of Sovereign Gold Bond Scheme 2017-18 – Series I

April 20, 2017 735 Views 0 comment Print

The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I. Applications for the bond will be accepted from April 24-28, 2017. The Bonds will be issued on May 12, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange. The features of the Bond are given below.

Sovereign Gold Bonds, 2017-18 – Series I – Operational Guidelines

April 20, 2017 930 Views 0 comment Print

Sovereign Gold Bonds will be available for subscription at the branches of scheduled commercial banks and designated post offices through RBI’s e- Kuber system.

Govt notifies Sovereign Gold Bond Scheme 2017-18 Series I

April 20, 2017 2862 Views 4 comments Print

The Gold Bonds under Sovereign Gold Bond Scheme 2017-18 Series I may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.

Sovereign Gold Bonds 2017-18 – Series I- Terms and conditions

April 20, 2017 1068 Views 0 comment Print

Subscription for the Bonds may be made in the prescribed application form (Form ‘A’) or in any other form as near as thereto stating clearly the grams of gold and the full name and address of the applicant. The receiving office shall issue an acknowledgment receipt in Form ‘B’ to the applicant.

Budget 2017: Amendments in Tax Laws in Maharashtra

April 20, 2017 11484 Views 0 comment Print

The Acts and Rules, which are amended, vide budget 2017-18 in Maharashtra are as follows: 1. The Maharashtra Purchase Tax on Sugarcane Act, 1962(SCPT Act); 2. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act); 3. The Maharashtra Value Added Tax Act, 2002 (MVAT Act); 4. Maharashtra Tax on the Entry of Goods into Local Area Rules, 2002 (ET Act/Rules).

Refund Seized Money in New Currency Notes: HC to IT Dept.

April 20, 2017 2880 Views 0 comment Print

Extinguishment of liability of the Reserve Bank in respect of any specified currency note under section 3 of the Act of 2017 is subject to a direction issued by a Court of law permitting a person to hold on to specified currency notes in connection with a pending proceeding and the Bank cannot deny its liability in such cases if the said person deposits the specified notes in the Bank after the appointed date with leave of the Court.

Filing of e-form IEPF-1 despite non generation of IEPF payment Challan

April 20, 2017 1860 Views 0 comment Print

In terms of Investors Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 as notified on 05.09.2016, and as per the prerequisites of e-form IEPF-1, the companies are required to transfer the amounts to Investor Education and Protection Fund (IEPF) through Challans generated on MCA 21 portal.

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