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CBI Registers Case Against Deputy Commissioner of Customs

October 11, 2017 1236 Views 0 comment Print

The Central Bureau of Investigation has registered a case against Deputy Commissioner, Customs; an Appraiser; an Examining Officer, all of Air Cargo Complex, NSCBI Airport, Kolkata; a private person and unknown others on a complaint from Customs Department alleging that the Deputy Commissioner

Master Direction on Issuance and Operation of Prepaid Payment Instruments

October 11, 2017 2271 Views 0 comment Print

Please refer to paragraph 16 of Statement on Developmental and Regulatory Policies regarding issuance of Master Direction on Prepaid Payment Instruments (PPIs) announced in the Fourth Bi-monthly Monetary Policy Statement, 2017-18 by the Reserve Bank of India (RBI).

Aadhaar mandatory for Marine Products Export Development Scheme

October 11, 2017 717 Views 0 comment Print

And whereas, the Grants-in-Aid given to the Marine Products Export Development Authority (hereinafter referred to as the Implementing Agency) under the Scheme, inter-alia, is used for giving trainings, subsidies and awareness programs (hereinafter referred to as the benefits) to the Fishers, Aquaculture farmers, Workers, Technologists and the individual exporters (hereinafter together referred to as the beneficiaries) under various sub-components of the Scheme as per the extant Scheme guidelines;

FAQs on GOVERNMENT SERVICES under GST

October 11, 2017 10752 Views 0 comment Print

No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government

SIT is a Public Authority U/s. 2(h) of RTI Act, 2005: CIC

October 10, 2017 3477 Views 0 comment Print

Mr. Venkatesh Nayak Vs CPIO & DCIT (OSD) (Central Information Commission) When a Public Authority is largely funded by the Government and performs the duty of bringing back unaccounted money unlawfully kept in bank accounts abroad, it was essentially performing a Public Duty and thus every citizen has every right to know about certain information […]

No Transfer U/s 2(47) if JDA is not registered: SC

October 10, 2017 6573 Views 0 comment Print

There is no contract in the eye of law in force under Section 53A after 2001 unless the said contract is registered. This being the case, and it being clear that the said JDA was never registered, since the JDA has no efficacy in the eye of law, obviously no transfer can be said to have taken place under the aforesaid document.

Bombay HC on ITAT order blaming ICAI and Chartered Accountants

October 10, 2017 6288 Views 0 comment Print

HC held that Tribunal, out of sheer desperation and frustration and agitated by the fact that the Revenue is not opposing the request for condonation of delay, turned its attention towards the assessee’s Chartered Accountant.

Non-compliance with Minimum Public Shareholding – Action to be taken by Stock Exchanges

October 10, 2017 1716 Views 0 comment Print

In order to maintain consistency and uniformity of approach in the enforcement of MPS norms mandated under regulation 38 of the Listing Regulations, the below mentioned procedure shall be followed by the recognised stock exchanges/depositories, as applicable, with respect to non-compliant listed entities, their promoters and directors:

Maharashtra Reduces VAT rate on petrol and diesel

October 10, 2017 1395 Views 0 comment Print

No. VAT 1517/CR-99/Taxation-1.— In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby amends SCHEDULE ‘B’ appended to the said Act

SILENT REVOLUTION – Funding The Unfunded Women Entrepreneurs

October 10, 2017 1254 Views 0 comment Print

For Usha Babu, the only woman auto driver in Ernakulam district of Kerala owning her own auto was a pipe dream. She drove a rented auto rickshaw for the last 12 years, and despite the hard work didn’t make enough to buy her own vehicle. And then the Shanmugam branch of Syndicate Bank funded her dream.

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