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Application for Revocation of Cancellation of registration is now available on GST Portal

April 23, 2018 9765 Views 0 comment Print

Facility to apply for Revocation of Cancellation of Registration has been enabled on GST Portal (refer Rule 23(1) of the CGST Rules, 2017) This form will enable Tax payers whose registration has been cancelled, via Suo-moto Cancellation route, to apply for revocation of their cancellation of registration.

Form GST-ARA 01 for Advance Ruling now available on GST Portal

April 23, 2018 4398 Views 1 comment Print

Facility to apply for Advance Ruling has been enabled on GST Portal (refer Rule 104(1) of the CGST Rules, 2017). This form will enable an applicant to make an application, for obtaining advance ruling on the GST Portal and make required payment of fees.

Online Complain Facility at www.naa.gov.in against Profiteering

April 23, 2018 2001 Views 3 comments Print

GST law requires suppliers of goods and services to pass on any reduction in the rate of tax or the benefit of Input Tax Credit to consumers by way of commensurate reduction in prices. If this is not done, consumers can approach the National Anti-profiteering Authority (NAA), for redressal of complaints.

IMA opposes remarks of PM Modi on Indian Doctors

April 22, 2018 3195 Views 2 comments Print

The patriarch of the family always speaks about his sons and daughters with pride especially with the strangers. This is our culture. Indian doctors have brought international acclaim and repute due to their world class proficiency and skill. Engaging in small talk and maligning the entire medical fraternity in India with broad brush on foreign soil was certainly not expected out of the Prime Minister of the country.

Reduction in timelines for public issue of debt securities under SEBI ILDS Regulations, 2008

April 22, 2018 1077 Views 0 comment Print

In the last few years, the corporate bonds market has emerged as one of the major sources of funding for the corporates as evidenced by increased number of issuances. Concurrently, various regulatory initiatives such as implementation of centralized database for corporate bonds, introduction of electronic book platform, capping of number of ISINs etc. have been taken towards the aim of developing the corporate bond market.

Single-page one monthly GST Return system instead of 3 return system to be rolled out: Hasmukh Adhia

April 22, 2018 6330 Views 0 comment Print

Union finance secretary Hasmukh Adhia today said the proposed new single page GST return filing system will be in place over the next three to six months as per which credit could be given on a provisional basis once the supplier uploads the sales invoice.

DRI busts Diesel Smuggling racket

April 21, 2018 1377 Views 0 comment Print

DRI busts Diesel Smuggling racket; 14 containers of diesel seized and 4 persons, including the Mastermind and one Hawala Operator, arrested under the Customs Act 1962.

Online Dispute Resolution Mechanism saves time & cost: Vice President

April 21, 2018 918 Views 0 comment Print

The Vice President of India, Shri M. Venkaiah Naiud has said that Online Dispute Resolution Mechanism is a laudable initiative to fast-track dispute resolution and it shall go a long way in resolving disputes, attracting more foreign investment by projecting India as an investor-friendly country and strengthen economy.

PFRDA prescribes New NPS Subscriber Registration Form

April 20, 2018 1074 Views 0 comment Print

Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements

GST Anti Evasion team unearths Rs. 41 Crores default in GST payment

April 20, 2018 4086 Views 0 comment Print

Visakhapatnam Central GST Commissionerate unearths Rs.41 Crores default in payment of GST and other taxes. Rs.18.09 Crores recovered.

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