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Notifications/Circulars

Maharashtra Value Added Tax (Fourth Amendment) Rules, 2016

August 6, 2016 24783 Views 1 comment Print

Set-off in respect of goods manufactured by certain dealers covered under the various packages scheme of incentive- If the claimant dealer has purchased goods (other than the declared goods) which are originally manufactured by,– (i) the Mega Unit or, as the case may be, the Ultra Mega Unit, holding valid Identification Certificate under the Act, or

Notification No. 2/2016-Customs (SG) Dated 05.08.2016

August 5, 2016 20407 Views 0 comment Print

Seeks to amend notification No. 1/2016-Customs(SG) dated 29.03.2016 to prescribe import prices on CIF basis at or above which safeguard duty on subject goods will not be applicable Government of India Ministry of Finance (Department of Revenue) Notification No. 2/2016-Customs (SG) New Delhi, the 5th August, 2016 G.S.R. (E). – In exercise of the powers […]

TDS U/s. 194A not applicable on amount credited/Paid to MUDRA

August 5, 2016 24182 Views 0 comment Print

In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Micro Units Development & Refinance Agency Limited (MUDRA) for the purposes of sub-section (3) of said section.

CBDT notifies Draft Recruitment Rules for Various Posts

August 5, 2016 23751 Views 0 comment Print

Uploading of draft Recruitment Rules for the post of Inspector of Income Tax – reg.- F.No. HRD/CMD/121/3/2015-16/2871 dated 05.08.2016 Uploading of draft Recruitment Rules for the post of Executive Assistant- reg.- F.No. HRD/CMD/121/3/2015-16/2870 dated 05.08.2016 Uploading of draft Recruitment Rules for the post of Senior Private Secretary, Private Secretary (Group ‘B’ Posts) F.No. A35015/43/2014-Ad VI/2869 […]

Sec. 188 to 194 of Bankruptcy Code 2016 notified wef 05.08.2016

August 5, 2016 766 Views 0 comment Print

Central Government hereby appoints the 5th of August, 2016 as the date on which the provisions of sections 188 to 194 (both inclusive) of the said Code shall come into force.

EPFO- Implementation of 7th Pay Commission recommendations

August 5, 2016 9691 Views 0 comment Print

Implementation of the recommendations of the 7th Central Pay Commission as accepted by the Government of India and as adopted by the Central Board – generation of salary in the Revised Pay Structure from August, 2016 and payment of arrears thereof – regarding.

Income Tax Recognition order not must for exemption from EPF Scheme

August 5, 2016 9257 Views 0 comment Print

Field offices will not ask the establishments seeking grant of exemption from the operation of the EPF Scheme, 1952 to furnish of copy of Income Tax Recognition Order as an essential document to be submitted with proposals for grant of exemption. However, immediately after grant of exemption by the appropriate Government, the establishment should get recognition from the Income Tax authorities for its Trust.

Notification No. 20/2015-2020, Dated: 04.08.2016

August 4, 2016 22347 Views 0 comment Print

a. Imports under Advance Authorisation Scheme are exempted from Minimum Import Price (MIP) under this Notification; b. MIP conditions laid down in this Notification are valid for two more months with effect from 05/08/2016 or until further orders, whichever is earlier.

Notification No. 19/2015-2020, dated: 04.08.2016

August 4, 2016 26024 Views 0 comment Print

The import of human biological samples by the Indian diagnostic laboratories/Indian Clinical Research Centres for lab analysis / R & D testing or export of these materials to foreign laboratories should be permitted by Customs authorities at the port of entry/exit without prior approvals (import licence / export permit) from any other Government agency, provided the concerned Indian company / agency submits an undertaking that they are following and will follow all the applicable rules, regulations & procedures for safe transfer and disposal of the biological samples being imported / exported as per the related norms/ regulations set by WHO* / DGFT** [SCOMET items in Export Policy of ITC (HS), 2012, Schedule-2.

RBI Governor launches Website ‘sachet’ to curb Illegal Collection of Deposits

August 4, 2016 20017 Views 0 comment Print

Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ would help regulators in doing this as much as it would help members of public in depositing their hard earned money with genuine entities by giving them timely information about these entities.

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