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Notifications/Circulars

Acquisition of ‘control’ under the SEBI Takeovers) Regulations, 2011

September 8, 2017 1824 Views 0 comment Print

Ascertaining acquisition of ‘control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) requires consideration of facts and circumstances of each case. This results in a multitude of opinions. In view of the same, it was decided by the Board, in its meeting held on March 12, 2016

MVAT: Certificate for purchase of Natural Gas at a notified concessional rate

September 8, 2017 7449 Views 0 comment Print

Natural Gas is covered under entry 15 of Schedule B of the Maharashtra Value Added Tax Act, 2002. The tax rate applicable is 13.5%. A new entry 16 has been added with effect from 24th August 2017 to the said Schedule for the purpose of sale of natural gas at a concessional rate of 3% by virtue of the above referred notification.

Refund of amount on account of double-payment of Customs Duty-Reg.

September 8, 2017 7581 Views 1 comment Print

Para 5 of aforesaid Facility Notice provides that on receiving the Refund claim (refund in cases of double/multiple payment of Customs Duty), the proper officer will verify the claim and will cross check the claim in following manner: (a)Verification from the PAO/e-PAO office regarding double/multiple payments for the same Bill of Entry of the amount to be refunded as also being reported by the banks in the scroll for transfer to RBI

CBEC to reduce litigation in Service Tax & Central Excise matters

September 8, 2017 1953 Views 0 comment Print

Our immediate focus is on reducing litigation in all legacy matters of Service Tax and Central Excise. Zonal Principal CCs / CCs are requested to give this matter utmost priority.

Order No. 151/2017: Promotion and Posting in Principal CCIT grade

September 8, 2017 3879 Views 0 comment Print

F.No.A-32011/2/2017-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi-110 001. The 8th September, 2017. ORDER No. 151 of 2017 Consequent upon the approval of the ACC, the following officers are, hereby, promoted to the grade of Principal Chief Commissioner of Income Tax (Pr. CCIT) (Level […]

Shop and establishment license not required for less then 10 employees

September 7, 2017 231267 Views 39 comments Print

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017 (Mah. Act No. LXI of 2017), is hereby published under the authority of the Governor.

CBDT may sepnd Rs. 264 Cr to on Smart Phones, Laptops for AOs, Inspectors Etc

September 7, 2017 1434 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (INFRASTRUCTURE) Room No. 204, 2nd Floor, A Wing, 14 Hudco Vishala Building, Bhikaji Kama Place, New Delhi Telephone No. 011-26167221 FAX No. 011-2619710 F. No. DIT(Infra)/U-IV/1% incentive/2017-18/1570 Dated: 07.09.2017 To, The Pr. CCIT/CCIT, The Pr.DGIT/DGIT Sir/Madam, Sub:- […]

DGFT allows Import of 3 Lakh MT of raw sugar under Exim Code 170114

September 7, 2017 774 Views 0 comment Print

Import of 3 Lakh MT of raw sugar under Exim Code 170114 of Chapter 17 of ITC (HS), 2017—Schedule-1 (Import Policy) is allowed at 25% Customs duty under TRQ. Import of 3 Lakh MT of raw sugar under Exim Code 170114 is allowed to be imported by millers/ refiners at 25% Tariff Duty, through the following ports in the southern states and corresponding Regional Authorities of DGFT, as in the table below:

MGST: Maharashtra Govt constitutes State Level Screening Committee

September 7, 2017 1581 Views 0 comment Print

Government of Maharashtra hereby constitute the State Level Screening Committee consisting of following officers, namely : (a) Shri Omnarayan Bhangdiya–Additional Commissioner of State Tax, Maharashtra State. (b) Shri Suresh Krishnani–Commissioner GST, Mumbai, Government of India.

MGST: Waiver of late fee for Registered persons who have not filed GSTR-3B

September 7, 2017 756 Views 0 comment Print

No. MGST-1017/C. R. 150/Taxation-1.—In exercise of the powers conferred by section 128 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) (hereinafter referred to as the said Act), the Government of Maharashtra, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act

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