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TDS on interest under Capital Gains Accounts Scheme of deceased depositor

September 13, 2017 3483 Views 0 comment Print

It has been brought to the notice of CBDT that in cases of deceased depositor who has made deposits under the Capital Gains Accounts Scheme, 1988; the banks are deducting TDS on the interest earned on such deposits in the hand of the deceased depositor and issuing TDS certificates in the name of the deceased depositor, which is not in accordance with the law

Renewal of recognition to Metropolitan Stock Exchange U/s. 3 of Securities Contracts (Regulation) Act, 1956

September 12, 2017 1581 Views 0 comment Print

The Securities and Exchange Board of India, having considered the application for renewal of recognition made under section 3 of the Securities Contracts (Regulation) Act, 1956 by Metropolitan Stock Exchange of India Limited

The West Bengal Goods And Services Tax Act, 2017

September 10, 2017 4638 Views 0 comment Print

THE WEST BENGAL GOODS AND SERVICES TAX ACT, 2017 An Act to make a provision for levy and collection of tax on intra- State supply of goods or services or both by the State of West Bengal and the matters connected therewith or incidental thereto.

Shop and establishment license not required for less then 10 employees

September 7, 2017 227361 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.

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

September 7, 2017 576 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 1311 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 639 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

CBEC reduces BCD on raw sugar upto a quantity of 3 lakh MT from 50% to 25%

September 7, 2017 582 Views 0 comment Print

Seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to reduce the BCD on raw sugar[1701] upto a quantity of 3 lakh MT from 50% to 25% subject to the Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by DGFT

Delegation of Power- Section 66(2) Notice for reduction of share capital

September 6, 2017 1827 Views 0 comment Print

Power of Central Govt u/s 66(2) regarding notice for reduction of share capital delegated to Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong vide notification dated 6.9.2017

Contract Labour (Regulation and Abolition) Central Amendment Rules, 2017

September 5, 2017 8325 Views 1 comment Print

69. All wages shall be paid in current coin or currency notes or by cheque or by crediting the wages in the bank account of the workman: Provided that the appropriate Government may, by notification in the Official Gazette, specify the establishment or class of establishments, the employer of which shall pay to every workman employed in such establishment or class of establishments, the wages only by cheque or by crediting the wages in his bank account.

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