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How to save money for a trip? Here are some best ways 

January 29, 2020 2670 Views 1 comment Print

Vacationing to a far-off location or spending quality time with your dear ones necessitates planning and adequate money to fund that trip. While you may consider breaking into some of your bank deposits to finance the trip or outdo the credit limit on your credit card, you may also consider taking a vacation loan. You […]

HC quashes confiscation in Form GST MOV-11 for being without Application of Mind

January 29, 2020 2145 Views 0 comment Print

Shahil Traders Vs State of Gujarat (Gujarat High Court) The learned advocate, appearing for the writ applicant, vehemently submitted that the impugned order of confiscation is without any application of mind and not tanable in the law. Mr. Sheth, the learned advocate, has pointed out something very unusual that the notice for confiscation was issued […]

Steps for Filing Form GSTR 9C

January 29, 2020 10422 Views 2 comments Print

STEPS FOR FILING FORM GSTR 9C Pre-requisites for filing FORM GSTR 9C i. Prior filing of Annual Return GSTR-9 is mandatory ii. Form GSTR-9C hes to be mewed by the Auditor by titling tip date in the offline Tool available an the GST portal. Note: Any observations/ comments must be entered in excel tool directly and […]

Pollachi notified as Town of Export Excellence for Coir & Coir products

January 29, 2020 573 Views 0 comment Print

Town of Pollachi in Tamil Nadu has been notified as a Town of Export Excellence for Coir and Coir products vide Public Notice No. 57/2015-20 dated: 29th January, 2020.

Report of SEBI Working Group on Related Party Transactions

January 28, 2020 5043 Views 0 comment Print

A related party transaction is a transfer of resources, services or obligations between two parties, irrespective of whether a price is charged or not. With respect to a corporate entity, related parties would broadly consist of its executives, directors or promoters, who are responsible for making decisions for the corporate entity.

IBBI: Transfer of Membership from one RVO to another

January 28, 2020 1569 Views 0 comment Print

The Rules envisage a competitive industry of RVOs, where they compete with one another to provide better valuation services through their professional members, in the interest of the users, and other stakeholders of valuation services. The Rules also envisage that a member may shift membership from one RVO to another, subject to prior permission of the Authority, that is, the Insolvency and Bankruptcy Board of India (Board) for the same. The Rules further require an RVO to employ fair, reasonable, just and non-discriminatory practices for enrolment and regulation of its members.

Guidelines on Group Health Insurance Policies upon Merger of PSBs

January 28, 2020 486 Views 0 comment Print

Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks shall continue to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies shall make suitable arrangements with the acquiring banks to this effect.

IPF Trust and Committees at Market Infrastructure Institutions (MIIs)

January 28, 2020 486 Views 0 comment Print

a. Norms for composition of IPF Trust, as provided in Clause 3(i)(4) of SEBI circular dated February 23, 2017, are uniformly applicable across Exchanges and Depositories. b. The functions of IPF Trust, as prescribed in Clause 3(i)(4) of SEBI circular dated February 23, 2017, shall be applicable only to Exchanges.

Notification No. 6/2020-Customs (N.T./CAA/Extension/DRI) dated 28.01.2020

January 28, 2020 1503 Views 0 comment Print

Notification No. 6/2020-Customs (N.T./CAA/EXTENSION/DRI) dated 28th January, 2020 related to Appointment of Common Adjudicating Authority (CAA) by Director General, Revenue Intelligence (DGRI). Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 6/2020-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, dated the 28th January, 2020 S.O. (E). […]

Changes in Filing Requirements of Form GSTR 9 & 9C & Advisory

January 28, 2020 66993 Views 1 comment Print

Article explains Changes in Filing Requirements Form GSTR 9 & GSTR 9C, Simplifications made in Form GSTR-9, Simplifications made in Form GSTR-9C, Solution to issue of ITC auto  populated in Table 8 A does not match figures of  Form GSTR 2A in Form GSTR 9 and Solution to the issue of taxpayer who are Unable to  upload  Balance Sheet  […]

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