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Govt asks industry to work for July 1 roll out of GST

March 29, 2017 1056 Views 0 comment Print

India Inc should work for the July 1 roll out of the Goods and Services Tax , which would take the country into very exciting phase of tax administration, Finance Secretary Mr Ashok Lavasa said at an ASSOCHAM Managing Committee meeting in New Delhi today.

Amendments to MVAT Schedule with effect from 1st April 2017

March 29, 2017 5604 Views 0 comment Print

Government of Maharashtra hereby with effect from the 1st April 2017, amends the SCHEDULES ‘A’, ‘C’ and ‘D’ appended to the said. Act, namely :—8A Card swipe machines for merchant transactions. :- Nil%

Taxation of liquor-Notification u/s 41(5) of MVAT Act

March 29, 2017 2739 Views 0 comment Print

Government of Maharashtra hereby, with effect from 1st April 2017, amends the Government Notification, Finance Department No. VAT-1511/C.R.-57/Taxation-1, dated the 30th April 2011 as follows, namely

Value of Goods obtained on job-work cannot be included into turnover to calculate SSI Limit

March 29, 2017 1323 Views 0 comment Print

Value of goods obtained on job-work basis cannot be included into turnover of appellants. By excluding this value items manufactured by appellants comes below limit prescribed for S.S.I. Exemption.

Agency Banks not to open for government business on 01.04.2017

March 29, 2017 735 Views 0 comment Print

While the Agency Banks are to keep all their branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) as already advised, these branches need not be kept open on April 1, 2017.

Exposure Draft of Annual Improvements to Ind AS Standards 2014-2016 Cycle

March 29, 2017 711 Views 0 comment Print

Exposure Draft of Annual Improvements to Ind AS Standards 2014-2016 Cycle, issued by Accounting Standards Board of ICAI, for comments.

Appendix B of Ind AS 21, Foreign Currency Transactions and Advance Consideration

March 29, 2017 3186 Views 0 comment Print

Following is Exposure Draft of Appendix B of Ind AS 21, Foreign Currency Transaction and Advance Consideration, issued by Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Exposure Draft of changes proposed in Ind AS 40, Investment Property

March 29, 2017 579 Views 0 comment Print

Following is Exposure Draft of changes proposed in Ind AS 40, Investment Property, issued by the Accounting Standards Board of ICAI, for comments.

Appointment of ACIT to officiate as DCIT (Senior Time Scale)

March 29, 2017 1035 Views 0 comment Print

No. 05 (F. No. A-23012/412017-Ad.V1): The following Assistant Commissioners of Income Tax (Junior Scale) are, hereby, appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600-39,000/- (Plus Grade Pay of Rs. 6,600/- in pay Band-3) (Pre-revised) with effect from 01.04.2017 or the date of assumption of charge. whichever is later

Appointment of IRS officers in ACIT Grade in substantive capacity

March 29, 2017 1077 Views 0 comment Print

No. 04 (F. No. A-23012/312017-Ad.VI): The President is pleased to appoint the following IRS officers in the grade of Assistant Commissioner of Income Tax (Junior Scale) in the Pay scale of Rs. 15,600 – 39,000/- (Plus Grade pay of Rs. 5,400/- in Pay Band-3) (Pre-revised) in a substantive capacity in the grade with effect from the date(s) indicated against each of them

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