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Vehicle can be released if Assessee submits Bank Guarantee for value of goods in question

April 1, 2019 3204 Views 0 comment Print

SRS Travels/Logistics Vs Joint Commissioner of Commercial Taxes (Karnataka High Court) Section 129 of the Karnataka Goods and Services Tax Act, 2017 empowers detention and seizure of the vehicle that was used for transportation of goods in question and therefore, the order cannot be faltered. However, having argued the matter for some time resisting the […]

Seizure of Goods: HC order GST department to pass speaking order

April 1, 2019 1308 Views 0 comment Print

After hearing learned counsel for the petitioner, perusing the present petition and without expressing any opinion on the merits of the case, we dispose of the present petition by directing respondent No.2 to take a decision on the representation dated 13.3.2019 (Annexure P-10), in accordance with law by passing a speaking order and after affording an opportunity of hearing to the petitioner within a period of one week from the date of receipt of the certified copy of the order.

Disclosure of Divergence in asset classification & provisioning by Banks

April 1, 2019 1284 Views 0 comment Print

Banks should disclose divergences, if either or both of the following conditions are satisfied:a. the additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies for the reference period, andb. the additional Gross NPAs identified by RBI exceed 15 per cent of the published incremental Gross NPAs for the reference period.

Companies (Indian Accounting Standards) Amendment Rules, 2019

March 30, 2019 6888 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2019 G.S.R. 273(E).— In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the National Financial Reporting Authority, hereby makes the following rules further to amend […]

Branches of Vijaya & Dena Bank to operate as branches of Bank of Baroda

March 30, 2019 726 Views 0 comment Print

All branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya Bank and Dena Bank will be treated as customers of Bank of Baroda with effect from April 1, 2019.

Refund of security deposit given during Voluntary MVAT Registration

March 30, 2019 7989 Views 0 comment Print

The dealer who applies for voluntary registration was required to make the payment of Rs. 25,000/- as a security deposit, at the time of application for registration. Refund of such security deposit is to be given as per rule 60A of the Maharashtra Value Added Tax Rules, 2005.

‘Fanta Fruity Orange’ classifiable under GST Tariff Item 22029990

March 30, 2019 5235 Views 0 comment Print

In re M/s. Hindustan Coca-Cola Beverages Private Limited (GST AAR Gujarat) The product ‘Fanta Fruity Orange’ manufactured and supplied by M/s. Hindustan Coca-Cola Beverages Private Limited  is classifiable under Tariff Item 2202 99 90 and Goods and Service Tax rate of 18% (CGST 9% + GGST 9%) is applicable to the said product as per […]

Procedure & formats for limited review / audit report of listed entity- Reg.

March 29, 2019 45417 Views 0 comment Print

Revised Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity

SEBI (Listing Obligations And Disclosure Requirements) (Amendment) Regulations, 2019

March 29, 2019 5538 Views 0 comment Print

SEBI notifies Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2019

18% GST on contract for Civil, Structural and PH works services to Govt

March 29, 2019 6714 Views 0 comment Print

he project is about Civil, Structural and PH works for plant and Non Plant Buildings (both RCC and Pre-Engineered Buildings) along with other allied structures for PFFF & ZFF Facilities at Nuclear Fuel Complex – Kota, Rawatbhatta, Rajasthan.

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