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RBI Enhances withdrawal limit for depositors of PMC Bank Ltd to Rs. 25000

October 3, 2019 5052 Views 0 comment Print

Reserve Bank Enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to Rs. 25,000 Reserve Bank of India Date : Oct 03, 2019 It may be recalled that the Reserve Bank of India had permitted the depositors of Punjab and Maharashtra Cooperative Bank Ltd to withdraw up to Rs. 10,000/- (Rupees Ten Thousand […]

Extension of last date of filing of Form DIR-3 KYC to 14/10/2019

October 2, 2019 1245 Views 0 comment Print

We are pleased to inform you that the MCA has extended the time limit for filing e-form DIR-3 KYC for Financial year 2018-19 till 14th October 2019. In this regard, the following amendments may be noted:

GST Revenue collection for September, 2019

October 1, 2019 2490 Views 0 comment Print

The total gross GST revenue collected in the month of September, 2019 is Rs. 91,916 crore of which CGST is Rs. 16,630 crore, SGST is Rs. 22,598 crore, IGST is  Rs. 45,069  crore (including Rs.  22,097 crore collected on imports) and Cess is Rs. 7,620 crore (including Rs.  728 crore collected on imports). The total number of GSTR 3B Returns filed for the month of August up to 30th September, 2019 is 75.94 lakh.

Buyer of goods for business purpose is consumer if He uses It Himself for Earning His Livelihood

October 1, 2019 14358 Views 0 comment Print

If the commercial use is by the purchaser himself for the purpose of earning his livelihood by means of self-employment, such purchaser of goods is yet a ‘consumer’

Notification No. 52/2019-Customs (N.T./CAA/Extension/DRI), Dated: 01.10.2019

October 1, 2019 759 Views 0 comment Print

Notification No. 52/2019-Customs (N.T./CAA/Extension/DRI)

Bank A/c attachment & Credit Blocking are Prima Facie without Authority of Law: HC

October 1, 2019 9039 Views 1 comment Print

Order of attachment of  bank account is prima facie without authority of law, as discussed hereinabove, and the order of blocking of credit is not backed by any statutory provision, the respondents are directed to forthwith withdraw the attachment of the bank account of the petitioner with the IDBI Bank, Prahladnagar Branch bearing Current Account No. 1024102000009874 and to unblock the credit of Rs.6,63,51,380/- available in the electronic credit ledger forthwith.

RBI supersedes Board of PMCB Bank Ltd. Mumbai

September 30, 2019 705 Views 0 comment Print

RBI vide its order dated 23rd September, 2019 superseded the Board of Punjab and Maharashtra Cooperative Bank Ltd. Mumbai and Shri Jai Bhagwan Bhoria has been appointed as the Administrator of the bank by RBI with all the powers of the Board.

UTGST Exemption on supply of goods for specified projects under FAO

September 30, 2019 1014 Views 0 comment Print

Seeks to exempt supply of goods for specified projects under Food and Agricultural Organisation of the United Nations (FAO) vide Notification No. 19/2019-Union Territory Tax (Rate) dated 30th September, 2019 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2019-Union Territory Tax (Rate) New Delhi, the 30th September, 2019 G.S.R. 725(E).– In exercise of the […]

UTGST: Manufacturers of aerated waters excluded from purview of composition scheme

September 30, 2019 657 Views 0 comment Print

Seeks to amend notification No 2/2019- Union territory Tax (Rate) dated 7.3.2019 so as to exclude manufacturers of aerated waters from the purview of composition scheme vide Notification No. 18/2019-Union Territory Tax (Rate) dated 30th September, 2019 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 18/2019- Union Territory Tax (Rate) New Delhi, the […]

UTGST exemption on supplies of silver & platinum by nominated agencies

September 30, 2019 564 Views 0 comment Print

Seeks to amend notification No 26/2018- Union territory Tax (Rate) dated 31.12.2018 so as to exempt UTGST on supplies of silver and platinum by nominated agencies to registered persons vide Notification No. 17/2019-Union Territory Tax (Rate) dated 30th September, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 17/2019-Union Territory Tax (Rate) […]

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