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Tender to appoint Internal Auditors by Cotton Corporation of India Ltd

March 5, 2020 1605 Views 0 comment Print

Cotton Corporation of India Ltd. Aurangabad invites sealed tenders in two-bid system from Chartered Accountants Firms for appointment as Internal Auditors for undertaking the Internal Audit work at Branch Office. Detailed terms and conditions can be had from CCI website www.cotcorp.org.in and Govt. Tender Portal i.e. www.eprocure.gov.in Last date for submission of tender is upto 13.00 p.m. of date 16.03.20

New and innovative measures to improve working in MCA

March 5, 2020 1206 Views 0 comment Print

MCA has taken several initiatives to achieve the vision of being a facilitator of world class governance of corporates and Mission of easing compliance, balancing interest of stakeholders and achieving excellence in service delivery.

GTA Service: AAR cannot rule on ‘procedure’ which applicant can follow

March 5, 2020 3072 Views 0 comment Print

In re Liberty Translines (GST AAR Maharashtra) The second question raised by the applicant is whether Applicant would be right in charging GST @12% under Forward Charge mechanism to POSCO in terms of Notification No 20/2017-Central Tax (Rate) 2017 dated 22 August, 2017 when POSCO as the main contractor is already charging GST @12% under the […]

Input tax credit of GST charged by third-party transporters

March 5, 2020 17373 Views 0 comment Print

In re Posco India Steel Distribution Centre Pvt Ltd (GST AAR Maharashtra) Q 1. What will he the classification of the services (whether under service codes 996511 or 996791 or 996799 or any other) of the Applicant in case the Applicant issues the consignment note however, the actual transportation is done through the third-party transporter […]

Guidance on Insurance Claims arising in North East Delhi Caused by riots

March 5, 2020 558 Views 0 comment Print

n order to gauge the magnitude of loss, all General /Life / Stand-Alone-Health Insurers are advised to submit information relating to insurance claims related to North-East Delhi Riots on weekly basis in the format attached.

LLP settlement Scheme, 2020- For Defaulting LLPs

March 4, 2020 20196 Views 1 comment Print

LLP settlement Scheme, 2020 launched ; Shall allow a One-time condonation of delay in filing statutorily required documents with the Registrar. LLP settlement Scheme, 2020 shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020. It has been observed that due to applicability of additional fee […]

55 FAQs on Direct Tax Vivad se Vishwas Bill, 2020

March 4, 2020 26697 Views 1 comment Print

After introduction of Vivad se Vishwas in Lok Sabha, several queries have been received from tile stakeholders seeking clarifications in respect of various provisions contained therein. Government has considered these queries and decided to clarify the same in form of answers to frequently asked questions

Issue certificate of insurance with Arogya Sanjevani Policy: IRDAI

March 4, 2020 1638 Views 0 comment Print

Every insurer offering Arogya Sanjevani Policy shall provide a certificate of insurance to the policyholder indicating the availability of health insuarnce coverage.The certificate shall have a reference to access detailed terms and conditions of the policy contract.

Assessment of the progress of digitisation from cash to electronic

March 4, 2020 2040 Views 0 comment Print

Reserve Bank of India 1. Background 1.1 The digital revolution is taking the world by storm and no other area has witnessed such metamorphosis as payment and settlement systems, resulting in a myriad of digital options for the common man. Consumers now have a range of options to choose from when selecting a payment method […]

Section 130 of GST cannot invoked straightway merely on suspicion

March 4, 2020 2541 Views 0 comment Print

A T Trading Company Vs State of Gujarat (Gujarat High Court) In any circumstances, the authorities concerned cannot invoke Section 130 of the Act at the threshold, I.e., at the stage of detention and seizure. What we are trying to convey is that for the purpose of invoking Section 130 of the Act at the […]

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