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Notifications/Circulars

MVAT: Refunds of security deposit given at the time of Voluntary Registration

August 3, 2017 54195 Views 17 comments Print

The person applying for voluntary registration has to deposit an amount of Rs. 25000/- by way of security deposit at the time of registration as per the proviso to section 16(2) of the Maharashtra Value Added Tax Act, 2002. Such deposit is not liable for adjustment against tax payable as per return or towards any other liability under MVAT Act, 2002. The person applying for voluntary registration has to deposit an amount of Rs. 25000/- by way of security deposit at the time of registration as per the proviso to section 16(2) of the Maharashtra Value Added Tax Act, 2002.

Delhai VAT: Disposal of pending Form DVAT 04 & DVAT 07 applications

August 3, 2017 1167 Views 0 comment Print

It has, however, come to the notice that some of the ward Incharges have still not disposed off their pendency of Form DVAT 04 & Form DVAT 07 applications, relating to Registration and amendments respectively.

Rate of exchange of conversion of foreign currency WEF 04.08.2017

August 3, 2017 1179 Views 0 comment Print

CBEC hereby determines rate of exchange of conversion of each of the foreign currencies WEF 04.08.2017 vide Notification No. 75/2017-Customs (N.T.)

Order No. 132/2017: Additional charges to officers in CCIT grade

August 3, 2017 1230 Views 0 comment Print

The following officers in the grade of CCIT are, hereby, ordered to hold the charge (s) indicated against their names in addition to the substantive charge/ additional charge(s) being held by them, with immediate effect and until further orders

Products accorded approval by SEBI for trading in stock exchanges in GIFT City IFSC

August 3, 2017 702 Views 0 comment Print

Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other leading international financial centres in the world.

Order No. 13/2017: Modification in designations of CBDT Members

August 3, 2017 2214 Views 0 comment Print

ORDER No. 131 of 2017 With the approval of the Competent Authority, the designations of Members in the CBDT are, hereby, modified as under with immediate effect and until further orders:-

‘Telematics’ and role it can play in Motor Insurance

August 3, 2017 2520 Views 0 comment Print

The world of technology is dynamic. Technology constantly makes waves in every field and the insurance industry too has benefitted immensely from the advantages technology offers. In this paper, we restrict ourselves to the concept of ‘Telematics’ and the role it can play in Motor Insurance.

Cheer from RBI! Repo rate cut by 25 basis points to 6%

August 2, 2017 912 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.

Charter of Functions of Directorate General of GST

August 2, 2017 3651 Views 0 comment Print

Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of Goods and Services Tax. Research and analysis of (a) Subjects relevant to GST; (b) Best practices in global environment; (c) Database and issues relating to collection of CGST, IGST and SGST.

Implementation of GST in Customs-Changes in S/B Declaration-reg

August 2, 2017 2136 Views 0 comment Print

In respect of the cases where export goods had been cleared from factory, warehouse, etc. prior to 1.7.2017 but let export order has not been issued before 1.7.2017. Such goods are not supplies under GST and accordingly, said Note and Condition 12A is not applicable.

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