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New Settlement Rules of SEBI effective from 01.01.2019

December 22, 2018 1134 Views 0 comment Print

SEBI has introduced the SEBI (Settlement Proceedings) Regulations, 2018 that have been notified on 30.11.2018 and will come into effect from 01.01.2019. On the date of commencement of these Regulations the existing SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 shall stand repealed.

Govt moves to enhance bank recapitalisation outlay to Rs. 106000 crore

December 22, 2018 567 Views 0 comment Print

Government today moved proposal in Parliament for enhanced bank recapitalisation outlay from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world. This would enable infusion of over Rs. 83,000 crore in the coming few months in Public Sector Banks (PSBs).

ICAI seek applications from start-ups desiring space and facilities

December 22, 2018 582 Views 0 comment Print

Committee for Members in Industry & Business (CMI&B) of ICAI seek applications from start-ups desiring space and facilities at incubation centre at ICAI Bhawan, BKC, Mumbai INCUBATION CENTRE Committee for Members in Industry & Business (CMI&B) in its endeavour to promote startups by As has launched its first 15 seater incubation centre at ICAI Bhawan, BKC, […]

GST: Quantitative CAP on Rectification of Mistakes in ITC claim- HC admit writ

December 22, 2018 1041 Views 0 comment Print

A rectification within a month is not necessary but that as many rectifications, as are necessary, for the dealers to correct the mistakes discerned later not merely on account of its errors but on account of the errors, in receipt of inputs or from the buyers’ transactions would also be admissible.

Disclosure on implementation of SH Act mandatory in Director’s report

December 22, 2018 1476 Views 0 comment Print

Disclosure regarding implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (SH Act,2013) made mandatory in the Director’s report as per amended the Company (Account) Rules, 2014 Press Information Bureau Government of India Ministry of Women and Child Development 21-December-2018 17:22 IST Disclosure regarding implementation of SH Act made mandatory […]

GST on retro-fitment of Twin Pipe Air Brake System on Railway Wagons

December 21, 2018 1263 Views 0 comment Print

In re Pew Engineering Pvt. Ltd. (GST AAR West Bengal) Whether retro-fitment of twin pipe air brake system is composite supply and what is the rate of tax thereon? The Applicant’s contract for retro-fitment of Twin Pipe Air Brake System on Railway Wagons is to be treated as Composite Supply, where the Twin Pipe Air Brake […]

RCM U/s. 9(4) on transactions effected from 1.7.2017 to 12.10.2017

December 21, 2018 85761 Views 0 comment Print

In re Ms. Famous Studios Ltd. (GST AAR Maharastra) Question:- 1. Whether the exemption from payment of GST on reverse charge basis under section 9(4) of the CGST Act / SGST Act for receipt of supply of goods and / or services by us from an unregistered person is applicable irrespective of any threshold limit […]

Assessment cannot be completed on the basis of past Incident

December 21, 2018 2229 Views 0 comment Print

Sahara India Mutual Benefit Co. Ltd appeal: The income tax department cannot presume something to have happened five years ago, it did not mean that assessee indulged in similar activity in the previous year

CIT can condone delay in filing of Form no. 10 & 9A for A.Y. 2016-17: CBDT

December 20, 2018 15903 Views 2 comments Print

Form No. 9A and Form No.10 could not be filed in the specified time for AY 2016-17, which was the first year of e-filing of these forms. It has been requested that the delay in filing of Form No. 9A and Form No.10 for AY 2016-17 may be condoned under section 119(2) (b) of the Act.

Time to say no to Cash, Go Cashless, Go Clean

December 20, 2018 2613 Views 0 comment Print

IT’S TIME TO SAY NO TO CASH !  Go, Cashless. Go, Clean DON’T… Accept cash of Rs. 2,00,000/- or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion Receive or repay Rs. 20,000/- or more in cash for transfer of Immovable Property Pay more than […]

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