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Agriculture Mechanical Sprayer classifiable under CTH 8424 of GST

July 24, 2019 15228 Views 0 comment Print

In re M/s. Ravi Masand (GST AAR Madhya Pradesh) The product Agriculture Mechanical Sprayer will merit classification under Chapter Tariff Head (CTH) 8424 of the GST Tariff and with effect from 25.01.2018, the said product would attract GST @12% in terms of Sr.No.195B of Schedule-II to Notification No.01/2017-CT(R) as amended vide Notification No.06/2018-CT(R) dtd. 25.012.018 […]

Notification No. 32/2019-Customs (N.T./CAA/DRI), Dated: 24.07.2019

July 24, 2019 1233 Views 0 comment Print

Notification No. 32/2019-Customs (N.T./CAA/DRI) Principal Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-

Notification No. 31/2019-Customs (N.T./CAA/DRI) Dated: 24.07.2019

July 24, 2019 426 Views 0 comment Print

Notification No. 31/2019-Customs (N.T./CAA/DRI) Government of India, Ministry of Finance, Department of Revenue, under clause (a) of section 152 of the Customs Act, 1962 (52 of 1962), the Principal Director General, Revenue Intelligence, hereby makes the following amendment in the Notification No. 22/2018-Customs (N.T./CAA/DRI) dated 26.10.2018 published vide S.O. 5418 (E) dated 26.10.2018.

Banning of Unregulated Deposit Schemes Bill, 2019 Passed by Lok Sabha

July 24, 2019 1155 Views 0 comment Print

AS PASSED BY LOK SABHA ON 24.07.2019 Bill No. 182-C of 2019 THE BANNING OF UNREGULATED DEPOSIT SCHEMES BILL, 2019 —————— ARRANGEMENT OF CLAUSES —————— CHAPTER I PRELIMINARY CLAUSES 1. Short title, extent and commencement. 2. Defination CHAPTER II BANNING OF UNREGULATED DEPOSIT SCHEMES 3. Banning of Unregulated Deposit Schemes. 4. Fraudulent default in Regulated […]

Banks collect 3309 crore as Minimum Balance Penalty in 2018-19

July 23, 2019 744 Views 0 comment Print

As apprised by eighteen Public Sector Banks (PSBs) and four major private sector banks, the amount collected through the levy of charges for non-maintenance of minimum balance in Savings Bank account, during the last three financial years, are as under:

Linking Rupay Card and Accounts with Aadhaar

July 23, 2019 342 Views 0 comment Print

Account holders under Pradhan Mantri Jan-Dhan Yojana (PMJDY) are provided with a RuPay Debit card, having an inbuilt accident insurance cover of Rs.1 lakh (Rs.2 lakh for PMJDY accounts opened after 28.08.2018). As apprised by National Payments Corporation of India (NPCI), linking of Aadhaar is not mandatory for activation of RuPay cards.

Lok Sabha passes Right to Information (Amendment) Bill, 2019 

July 23, 2019 387 Views 0 comment Print

Lok Sabha passed the Right to Information (Amendment) Bill, 2019 today. In this amendment, it is proposed to amend the Right to Information Act, 2005 so as to provide that the term of office of, and the salaries, allowances and other terms and conditions of service of, the Chief Information Commissioner and Information Commissioners and the State Chief Information Commissioner and the State Information Commissioners, shall be such as may be prescribed by the Central Government.

NCLT dismisses 9 IBC plea for payment of interest due to dispute on existence of debt

July 23, 2019 6879 Views 0 comment Print

Steel India Vs M/s. Theme Developers Pvt Ltd (NCLT Mumbai) We have carefully gone through the pleadings on record and pursued the submissions made by the counsels for both the sides. On careful perusal of the documents it is noticed that the Corporate Debtor has already paid the entire Principal amount to the Petitioner, which […]

Code on Wages Bill, 2019 Introduced in Lok Sabha

July 23, 2019 4809 Views 0 comment Print

The Code on Wages Bill, 2019 Introduced in Lok Sabha on 23rd July 2019 The Minister of State (I/C) for Labour and Employment Shri Santosh Kumar Gangwar introduced The Code on Wages Bill, 2019 in Lok Sabha today to amend and consolidate the laws relating to wages and bonus and matters connected therewith. The Code […]

Payment: Utilization of IGST Credit (implemented in Form GSTR 3B only)

July 23, 2019 2595 Views 0 comment Print

Taxpayers filing Form GSTR 3B will have to utilize IGST credit towards payment of Integrated tax, and the amount remaining, if any, may be utilised towards the payment of Central tax and State tax or Union territory tax, in any order.

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