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EPFO to digitise existing Form No. 9 documents prior to 1st April, 2012

January 19, 2018 2166 Views 0 comment Print

Following steps are to be followed to digitize physical Form No. 9:- 1) Scanning of physical Form No. 9 and upload the same in the system 2) Approval of scanned copy of Form No. 9 3) Approval of member data available in the system 4) Archiving the scanned Form-9 duly indexed for reference.

Export Policy of Onions- MEP fixed at US$ 700 F.O.B. per Metric Ton

January 19, 2018 480 Views 0 comment Print

Export of all varieties of onions, as described above, will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton (instead of US$ 850 F.O.B. per Metric Ton) with immediate effect and till 20.02.2018.

IRDA warns IFFCO Tokio for Violations of Group Insurance Guidelines

January 19, 2018 1284 Views 0 comment Print

However, taking into consideration the rectification measures stated to have been initiated, your company is warned for violating the within referred provisions of Guidelines on Group Insurance Policies and your company is also directed to ensure compliance of the within referred Guidelines hereafter.

Insolvency And Bankruptcy Code (Amendment) Act, 2017

January 19, 2018 2013 Views 0 comment Print

(1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2018. (2) It shall be deemed to have come into force on the 23rd day of November, 2017.

CBDT amends Tax Return Preparer Scheme

January 19, 2018 3795 Views 2 comments Print

Tax Return Preparer (Amendment) Scheme, 2018- An individual, who holds a bachelor degree from a recognised Indian University or institution, or has passed the intermediate level examination conducted by the Institute of Chartered Accountants of India or the Institute of Company Secretaries of India or the Institute of Certified Management Accountants of India, shall be eligible to act as Tax Return Preparer

Stick to timelines with respect to GST refunds in relation to zero-rated supply: CBEC

January 19, 2018 1911 Views 0 comment Print

Need to ensure that the refund sanctioning authorities under your jurisdiction stick to the timelines stipulated under law, especially with respect to refunds in relation to zero-rated supply of goods or services.

Sec. 10(46) CBDT notifies ‘Central Registry for Securitization Asset Reconstruction and Security Interest of India’

January 18, 2018 1371 Views 0 comment Print

Central Government hereby notifies for the purposes of section 10(46) the Central Registry for Securitization Asset Reconstruction and Security Interest of India, a body set up under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, in respect of the following specified income arising to that body, namely:—

Amendment in policy condition No. 3 of Chapter 72 of ITC (HS), 2017 — Schedule —I (Import Policy)

January 18, 2018 1296 Views 0 comment Print

Import of seconds/defectives of steel items as mentioned at Sl. No. 1 to 7 of Policy Condition No.2 of Chapter 72 of ITC (HS), 2017, Schedule-I (Import Policy), shall be allowed also through Nhava Sheva (JNPT) and at ICD-Tughlakabad, New Delhi, besides the existing Customs sea port at Mumbai, Chennai and Kolkata.

Temporary Import of Professional Equipment and Sports Goods under A.T.A. Carnet

January 18, 2018 1416 Views 0 comment Print

The said goods are imported under a Carnet guaranteed by the Federation of Indian Chamber of Commerce and Industry in India (hereinafter referred to as FICCI), as per provisions of the Customs Convention on the A.T.A. carnet for Temporary Admission of Goods (A.T.A. Convention) done at Brussels on 8th June 1961;

Notification No. 2/2018-Income Tax, Dated: 18.01.2018

January 18, 2018 3513 Views 0 comment Print

S.O. 282(E).—In exercise of the powers conferred by clause (39) of the section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance

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