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Refund of Double Payment by Electronic Challan cum Return (ECR) -Reg

October 5, 2018 35679 Views 0 comment Print

In spite of guidelines issued in above matter, a number of complaints are being received in Head Office in connection of non refund of wrong / excess / double payments made by establishment through ECR.

Maharashtra reduces VAT rate on Diesel and Petrol

October 5, 2018 9315 Views 0 comment Print

Reduction in VAT rate on Diesel in Maharashtra vide Notification No. VAT-1518/CR-103/Taxation-1 dated 5th October 2018 FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 5th October 2018. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT-1518/CR-103/Taxation-1.—In exercise of the powers conferred by sub-section (1) of section 9 of the […]

IBBI (Insolvency Resolution Process For Corporate Persons) (Fourth Amendment) Regulations, 2018

October 5, 2018 2877 Views 0 comment Print

IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2018 today. 2. The Regulations earlier required the resolution professional to circulate […]

DGFT delists Indian Potash Limited for import of Urea

October 5, 2018 984 Views 0 comment Print

Indian Potash Limited (IPL), Chennai has been delisted as a State Trading Enterprises for import of Urea by Amending Policy Conditions of Urea under Chapter 31 of the ITC (HS) 2017, Schedule- I (Import Policy).

Educational services to NRI Students eligible for SEIS benefits

October 5, 2018 1140 Views 0 comment Print

The Directorate has received references from members of trade seeking clarification on eligibility of firms providing educational services to NRI students for benefits under the Services Exports from India Scheme (SEIS).

CBIC clarifies on initiation of intelligence based enforcement action

October 5, 2018 54693 Views 0 comment Print

Officers of both Central tax and State tax are authorized to initiate intelligence based enforcement action on the entire taxpayer’s base irrespective of the administrative assignment of the taxpayer to any authority. The authority which initiates such action is empowered to complete the entire process of investigation, issuance of SCN, adjudication, recovery, filing of appeal etc. arising out of such action.

Online registration & filing of budgetary support claims in GST era

October 5, 2018 8355 Views 0 comment Print

Online registration and online filing of the claims, by the eligible units for disbursal of budgetary support under Goods and Service Tax Regime, located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim.

Family assistance scheme for VAT GST dealers Registered in Rajasthan

October 5, 2018 2277 Views 1 comment Print

Eligibility criteria for availing Benefits of Family assistance scheme:-i. Dealers/traders who are bonafide residents of Rajasthan, registered-in VAT /GST in Rajasthan and have been carrying on business for at least one yearshall be eligible as beneficiaries for the scheme.

RBI keeps repo rate unchanged at 6.5% in it’s monetary policy review

October 5, 2018 696 Views 0 comment Print

1. Press Statement on Fourth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, decided to keep the […]

Electronic Trading Platforms (Reserve Bank) Directions, 2018

October 5, 2018 2361 Views 0 comment Print

RBI hereby issues Electronic Trading Platforms (Reserve Bank) Directions, 2018 to the entities operating Electronic Trading Platforms (ETPs) to transact trade in eligible instruments.

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