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Notifications/Circulars

Applicability of Reduced Rate of GST @12% on EPC Works Contact

July 6, 2018 8703 Views 0 comment Print

Composite Supply of Works Contract Service by the EPC contractors to OPTCL will be taxable @ 12% if it falls under Serial No. 3(vi) of the updated version of the Notification dated 28.06.2017. But if it does not fall under Serial No. 3(vi), it will fall under the residual entry at Serial No. 3(xii) and will be taxable @ 18%.

Verify type of peas, while allowing clearance of imported consignment

July 6, 2018 783 Views 0 comment Print

Consignments of peas (other than Yellow Peas) imported during the period 25.4.2018 to 15.5.2018 and awaiting clearance at Customs or consignments of peas (other than Yellow Peas) with Bill of Lading prior to 16.5.2018 are permitted freely.

Relaxation in Spreading of MTM losses to Co-operative banks

July 6, 2018 1701 Views 0 comment Print

Please refer to circular UBD.No.BPD.PCB.Cir.12/09.29.00/2003-04 dated September 04, 2003 on ‘Guidelines for Investment Fluctuation Reserve’ issued to Primary (Urban) Cooperative Banks (UCBs), and circular RPCD.No.RF.BC.17/A.4-92/93 dated September 04, 1992 on ‘Investment Portfolio of Banks – Transactions in Securities’ and subsequent instructions in this regard issued to all State Co-operative Banks (StCBs)

10% deposit for 2nd Appeal filing includes 7.5% Deposit made during 1st Appeal

July 5, 2018 12207 Views 0 comment Print

on’ble High Court further directed that the appellants while preferring second appeal before the Tribunal are required to deposit 10% of the amount of duty/penalty as confirmed by the Appellate Authority inclusive of 7.5% pre-deposit made for the first appeal and that 10% would not be in addition to and over and above 7.5% of pre-deposit made for the first appeal.

Sukanya Samriddhi A/c can be opened with initial deposit of Rs. 250 now

July 5, 2018 4104 Views 1 comment Print

Sukanya Samriddhi Account Account may be opened with a minimum initial deposit of two hundred and fifty rupees and thereafter any amount in multiples of  two hundred and fifty rupees may be deposited in an Account subject to the condition that a minimum of two hundred and fifty rupees shall be made as deposit in a […]

SEBI Circular on adjustment in strike price on declaration of dividend

July 5, 2018 1635 Views 0 comment Print

Based on the recommendations of SMAC, it has been decided to review the mechanism of dividend adjustment for stock options. The adjustment in strike price shall be carried out in the following cases of declaration of dividends

Customs Rate of Exchange of Foreign Currency Conversion wef 06.07.2018

July 5, 2018 900 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion wef 06.07.2018 notified vide Notification No. 60/2018 – Customs (N.T.) dated the 5th July, 2018

Relaxation in conditions for imports of Peas under Exim Code 0713 1000

July 5, 2018 672 Views 0 comment Print

It has been decided to allow imports of Peas under Exim Code 0713 1000 against advance payments for that much quantity proportional to the part advance payment made before 25.04.2018.

CBDT notifies protocol amending India-Armenia DTAA

July 5, 2018 1038 Views 0 comment Print

Whereas, the Protocol, amending the Convention between the Government of the Republic of India and the Government of the Republic of Armenia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income which was signed at New Delhi on the 31st October, 2003, has been signed at New Delhi on the 27th January, 2016, as set out in the annexure appended to this notification and hereinafter referred to as the said amending Protocol

Companies (Registration Offices and Fees) Third Amendment Rules, 2018

July 5, 2018 4350 Views 0 comment Print

Fee payable till the 30th April of every financial year in respect of e-form DIR-3 KYC as at the 31st March of immediate previous year.- Nil and Rs. 5000 thereafter

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