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Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018

March 29, 2018 67971 Views 15 comments Print

Central Government hereby appoints the 29th day of March, 2018 as the date on which Payment of Gratuity (Amendment) Act, 2018 shall come into force.

Govt. increases maximum gratuity limit to Rs. 20 Lakhs

March 29, 2018 133269 Views 31 comments Print

Government vide notification S.O. 1420 (E) dated 29.03.2018 increased the limit of amount of gratuity payable to an employee under sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972) from from the existing limit of Rs. 10 Lakh to Rs. 20 Lakhs.

Tamil Nadu exempts E-way Bill requirement for Intra-State Movement until further orders

March 28, 2018 14829 Views 0 comment Print

Commissioner of Tamil Nadu State Tax hereby declares that no e-way bill is required to be generated, for the intra-state movement within the State of Tamil Nadu in respect of value and goods notified in the rule 138 of the Tamil Nadu Goods and Service Tax Rules, 2017 until further orders.

Gujarat exempts E-way Bill requirement for Intra-State Movement till Compulsory enforcement by GST Council

March 28, 2018 10548 Views 0 comment Print

Commissioner of State Tax, Gujarat State hereby, on the recommendation of Council, notifies the whole of the territory of the state for which no e-way bill is required to be generated for intra- state movement of goods with effect from day of April, 2018 till the date on which the e-way bills are to be enforced for intra- state movement based on the timelines as per the decision of GST Council.

DGFT notifies Import policy of seal skin

March 28, 2018 1176 Views 0 comment Print

Import policy of seal skin under Chapter 41, 42 and ( 43 of ITC (HS), 2017—Schedule-1(Import Policy) is notified vide Notification No. 59/2015-2020

Import policy for Second Hand Goods imported for repair etc.

March 28, 2018 3561 Views 0 comment Print

Import policy for Second Hand Goods imported for the purpose of repair / refurbishing / re – conditioning or re – engineering is laid down.

Amendments in import policy of Raw Sugar under DFIA Scheme

March 28, 2018 996 Views 0 comment Print

No Duty Free Import Authorisation shall be issued for an input which is subjected to pre-import condition or where SION prescribes ‘Actual User’ condition or Appendix-4J prescribes pre import condition for such an input. However, this restriction is not applicable for ‘Raw Sugar’ on exports made till 30.9.2018.

CBEC amends 5 notification to exempt IGST & services tax compensation cess on import of goods under licenses

March 28, 2018 6198 Views 0 comment Print

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in each of the notifications of the Government of India in the Ministry of Finance

No requirement of E-way bill for intra- State supplies in Chhattisgarh & Himachal Pradesh

March 28, 2018 14460 Views 0 comment Print

It is hereby notified that e-way bill shall not be required for transportation of any class of goods of any value in case of movement of goods which commence and terminate within the state of Chhattisgarh subject to the condition that invoice or delivery challan as the case may be prescribed under Chhattisgarh Goods and Service Tax Act, 2017, accompanies such goods in transit.

Companies (Indian Accounting Standards) Amendment Rules, 2018

March 28, 2018 9123 Views 0 comment Print

The MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2018 with effect from 1st April 2018. Companies (Indian Accounting Standards) Amendment Rules, 2018 includes Ind AS 115 Revenue from Contracts with Customers, Appendix D to Ind AS 115 Service Concession Arrangements and Appendix B to Ind AS 21, Foreign Currency Transactions and Advance Consideration (corresponding to IFRIC 22). Ind AS […]

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