Central Government notifies vide Notification No. 97/2017 ‘Manipur State Rural Road Development Agency’, a body established by Government of Manipur, in respect of the specified income arising to the body under Section 10(46) of the Income-tax Act, 1961
The limits for investment by FPIs for the quarter January – March 2018 is increased by INR 64 billion in Central Government Securities (Central G-Secs) and INR 58 billion in State Development Loans (SDLs).
Issues with regard to slowness of AIOs [all-in-ones] have been brought to my notice. Discussions have been held with the representatives of M/S TCS, who are our vendors for the network/ AIOs and Wipro software application team. Accordingly following advisory is issued to the field formation for immediate action.
The refund applications in respect of the Export of Goods with payment of tax-to be dealt by Custom Authorities. The refund application is respect of the following contingencies shall be dealt as given below:
It has come to the notice of this Directorate that importers who apply for authorization for import of restricted items are submitting their applications at the concerned Regional Authority of DGFT without paying the application fee at the time of submission of application.
The above modification/revision of SIONs would be effect from date of issue of Public Notice. Standard Input Output Norms (SIONs) A-343 and A-3488 for export product falling under the Chemicals and Allied Products Group has been amended.
Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 (the Act), with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link the same with Permanent Account Number (PAN).
Filing of audit report in Form E-704 by the dealers registered on SAP system from 25/05/2016 for the financial year 2016-2017 on Mahavat website. :- Earlier MSTD had issued a Trade Circular No. 27T of 2009 date 1st October, 2009 on the subject of filing of VAT Audit Report in Form- 704 electronically.
Bank Guarantee/ cash security/ surety shall be taken as per the following norms for the purpose of extending the benefit under the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.
1. These rules may be called the Companies (cost records and audit) Amendment Rules, 2017. 2. In the Companies (cost records and audit) Rules, 2014 (hereinafter referred to as the principal rules), in rule 2, after clause (f), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2016, namely:-
