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Amendment /conversion of shipping bills from one scheme to another: Clarification

October 4, 2017 1413 Views 0 comment Print

Any request for amendment in shipping bill after LEO and before shipment of the goods shall be processed by Docks officers as per the guidelines given in Para 2 A.A and 2A.2 of the aforesaid Public Notice No. 88/2017 dated 05.07.2017.

SEBI revises limit for investment by FPIs in Govt Securities for Oct to Dec 2017

October 4, 2017 624 Views 0 comment Print

It has been decided to revise the limit for investment by FPIs in Government Securities, for the October – December 2017 quarter, as follows: a. Limit for FPIs in Central Government securities shall be enhanced to INR 189,700 cr. b. Limit for Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in Central Government securities shall be revised to INR 60,300 cr.

Impact of Companies (Amendment) Bill, 2017 On Non Filing Of Annual Return and Financial Statement

October 3, 2017 10050 Views 1 comment Print

As we all know that Lok Sabha has passed the Companies (Amendment) Bill, 2017 on 27th July, 2017 which contains the major amendments where one of the major amendment is additional fees of Rs. 100 per day in case of delay in filing of annual return and financial statement with the specified time under Act.

Ready Referencer to Various GST Forms

October 3, 2017 6156 Views 1 comment Print

Intimation- Till 30.9.17 [or extended period] Intimation- Before Starting Of Financial Year [2018- 19 on wards].

National Savings Time Deposit (Amendment) Rules, 2017

October 3, 2017 2061 Views 0 comment Print

These rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred” shall be substituted.

NSC shall be deemed to be encashed on the day of attaining Non-Resident Status

October 3, 2017 927 Views 0 comment Print

Provided that if a resident Indian having purchased a certificate, subsequently becomes Non-Resident during the currency of the maturity period, the certificate shall be encashed or deemed to be encashed be encashed on the day he becomes a non-Resident, and ab interest shall be paid at the rate applicable to the Post Office Savings Account, from time to time, from such day and upto the last day of the month preceding the month in which it is actually encashed”

6 FAQs on GST Core amendment, OTP & validation error!

October 3, 2017 7944 Views 1 comment Print

The details were provided in PRC as per information received from States for data migration. This may be corrected through Core amendment to registration application This can be corrected through Core amendment. Services >Registration > Amendment of Registration Core field

Deduction u/s 54F on more than one residential flats received by virtue of a development agreement is allowable

September 29, 2017 4581 Views 0 comment Print

Assessee was entitled to deduction u/s 54F of the Act in respect of more than one residential flats received by virtue of a development agreement. We find that this issue is now fairly covered by the decision of various High Courts in favour of the assessee.

Post Office Savings Certificates (Amendment) Rules, 2017

September 29, 2017 1740 Views 0 comment Print

In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 ( 46 of 1959) , the Central Government hereby makes the following rules further to amend the Post Office Savings Certificates Rules, 1960, namely

Submission of affidavit to forgo actionable claim or enforceable right in respect of a brand name

September 29, 2017 26043 Views 2 comments Print

Rate of tax on goods under GST have been notified vide notification no. F.12(56)FD/Tax/2017–Pt.-I-40 dated 29 June, 2017, as amended from time to time. Besides, exemption from tax on intra- State supplies of goods have been notified vide notification no. F.12(56)FD/Tax/2017–Pt.-I-41 dated 29 June, 2017, as amended from time to time. Some of the goods were made taxable or put into higher tax slab, if such goods are put up in unit containers and bear a registered brand name.

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