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Circulars

Prescribe generic drugs or face disciplinary action: MCI to Doctors

April 21, 2017 3804 Views 0 comment Print

Every physician should prescribe drugs with generic names legibly and preferably in capital letters and he/she shall ensure that there is a rational prescription and use of drugs.

PF members allowed to withdraw for housing needs

April 21, 2017 24750 Views 1 comment Print

Give wide publicity to the above notification amongst employers and members of Provident Fund through media, e-mails, seminars, workshops etc. Awareness about the new provision should be created, especially through employers’ associations and workers’ unions so that eligible and willing members can avail withdrawal and loan repayment facilities.

Guidelines on Charging of Service Charges by Hotels / Restaurants

April 21, 2017 21567 Views 2 comments Print

A component of service is inherent in provision of food and beverages ordered by a customer. Pricing of the product therefore is expected to cover both the goods and service components.

All about Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016

April 20, 2017 7876 Views 3 comments Print

The Government of India has vide the notification no. S.O. 4061 (E) dated December 16, 2016 announced the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS). This Scheme shall be applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.

Budget 2017: Amendments in Tax Laws in Maharashtra

April 20, 2017 11484 Views 0 comment Print

The Acts and Rules, which are amended, vide budget 2017-18 in Maharashtra are as follows: 1. The Maharashtra Purchase Tax on Sugarcane Act, 1962(SCPT Act); 2. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act); 3. The Maharashtra Value Added Tax Act, 2002 (MVAT Act); 4. Maharashtra Tax on the Entry of Goods into Local Area Rules, 2002 (ET Act/Rules).

Filing of e-form IEPF-1 despite non generation of IEPF payment Challan

April 20, 2017 1860 Views 0 comment Print

In terms of Investors Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 as notified on 05.09.2016, and as per the prerequisites of e-form IEPF-1, the companies are required to transfer the amounts to Investor Education and Protection Fund (IEPF) through Challans generated on MCA 21 portal.

CBEC withdraw Custom Circular issued in 1987 to comply SC decision

April 19, 2017 942 Views 0 comment Print

Attention is invited to Board Circular F. No. 528/213/87-Cus. (T.U.) 1CD dated 08.08.1987. In the said circular, Board had stipulated that once a contract is registered either for initial setting up or for substantial expansion of an existing plant etc, the imports made become classifiable under the heading 9801 of the customs tariff liable to duty at the project rate.

Review of framework of position limits for Interest Rate Futures contracts

April 18, 2017 585 Views 0 comment Print

Stock exchanges and clearing corporations are directed to: a) take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations;

Circular No. 206/4/2017-Service Tax, Dated: 13.04.2017

April 13, 2017 9918 Views 0 comment Print

Issues related to levy of service tax on the services provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India to the customs station in India

Inclusion of “Derivatives on Equity shares” – IFSC

April 13, 2017 660 Views 0 comment Print

Clause 7 of SEBI (IFSC) Guidelines, 2015 specifies the types of securities in which dealing may be permitted by stock exchanges operating in IFSC.

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