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Clarification on RBI Latest Online Application FIRMS (Foreign Investment Reporting and Management System)

July 3, 2018 10515 Views 3 comments Print

The Reserve Bank has come up with the objective of integrating the extant reporting structures of various types of foreign investment in India, and for this purpose it will introduce a Single Master Form (SMF) subsuming all the existing reports.

Bombay HC directs Govt To Accept Income Tax Tax Returns without Aadhaar Linkage from petitioners

July 2, 2018 969 Views 0 comment Print

a) The respondents­ State is directed to accept the return of income for the Assessment Year 2018­19 by the petitioners herein if uploaded on or before 30th June, 2018 without Aadhar number, Aadhar Enrollment or any linkage with the PAN details.

Get Aadhaar for your Toddler Sooner the Better

July 2, 2018 918 Views 0 comment Print

GET AADHAAR FOR YOUR TODDLE. SOONER THE BETTER. To locate your nearest Enrolment Centre, call: 1947 or log on to: https://resident.uadai.net.in/ Even a newborn can be enrolled for Aadhaar. Get your child enrolled today. ♦ Aadhaar makes it easy to access many government benefits, such as vaccinations, health benefits, school admission and scholarships ♦ For […]

Notification No. 8/2018-Customs (N.T./CAA/DRI), Dated: 02.07.2018

July 2, 2018 1281 Views 0 comment Print

Notification No. 8/2018-Customs (N.T./CAA/DRI) In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015

Master Circular on Detection and Impounding of Counterfeit Notes dated 02.07.2018

July 2, 2018 1383 Views 0 comment Print

Please refer to the Master Circular DCM(FNVD)G – 4/16.01.05/2017-18 dated July 20, 2017 consolidating the instructions issued till July 20, 2017, relating to Detection and Impounding of Counterfeit Notes. The Master Circular has since been updated by incorporating the instructions issued till date and has been placed on the RBI website www.rbi.org.in.

Conversion of Coal supplied in Electricity is Manufacture not Job work: AAAR Maharashtra

July 2, 2018 3747 Views 0 comment Print

Understand the implications of the GST AAAR Maharashtra ruling on M/s JSW Energy Limited regarding coal processing into electricity. Learn about GST applicability and manufacturing considerations.

Journey of GST from formulation to implementation completes one year: CBIC Charmian

July 1, 2018 897 Views 1 comment Print

Greetings to all of you on the first GST Day celebrations! Today is an important milestone, when the momentous journey from the GST formulation to implementation has completed a year. It is indeed a privilege to assume office on the eve of the day which is of paramount importance for indirect tax administration in the country, transforming the country into One Nation, One Tax, One Market.

No penalty for entering PAN instead of TAN in TDS Challan on account of bona-fide mistake

July 1, 2018 3552 Views 0 comment Print

Necessary TDS was deducted and it was deposited in the Government Treasury. All these are on record and only there is a technical error that in the challan PAN number of the assessee is mentioned instead of TAN in the relevant column on account of bona-fide mistake, for which assessee should not be penalized or punished when there is no loss to the Revenue.

Personal Loan Benefits for Education to Individuals in 30% Tax Bracket

July 1, 2018 4279 Views 2 comments Print

Pursuing higher education is a dream for many. Many people wish to pursue their further education through a masters or a doctorate program. Some may choose to study within the country, while some may enroll at a university outside the country.

GST Day – What is there to celebrate?

July 1, 2018 1380 Views 0 comment Print

It is learnt that preparations are underway to celebrate GST day on 01.07.2018. I wish to bring to your attention, the alienation felt by the cadre of Superintendents of Central Excise to any such celebrations.

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