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Sec. 10(46) exemption: CBDT notifies ‘Maharashtra Electricity Regulatory Commission’

February 16, 2018 1389 Views 0 comment Print

‘Maharashtra Electricity Regulatory Commission’, a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission, namely:-

Notification No. 07/2018-Income Tax Dated 16th February, 2018

February 16, 2018 2592 Views 0 comment Print

G.S.R. 171(E).– In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), dated the 19th January, 2018,

Companies (Authorised to Register) Amendment Rules, 2018

February 16, 2018 6186 Views 0 comment Print

These rules may be called the Companies (Authorised to Register) Amendment Rules, 2018. In the Companies (Authorised to Register) Rules, 2014, for Form No.URC-1, the following Form No. URC-1 shall be substituted

Companies (Management and Administration) Amendment Rules, 2018

February 16, 2018 8316 Views 0 comment Print

These rules may be called the Companies (Management and Administration) Amendment Rules, 2018. Form No. MGT-6 and Form No. MGT-15 shall be substituted,

Companies (Audit and Auditors) Amendment Rules, 2018

February 16, 2018 15993 Views 0 comment Print

1. (1) These rules may be called the Companies (Audit and Auditors) Amendment Rules, 2018. (2)They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Audit and Auditors) Rules, 2014, in the Annexure, for Forms ADT-1 and ADT-2, the following forms shall be substituted, namely:-

Assessee takes GST credit of 16.95 Crore wrongly due to server error

February 16, 2018 9729 Views 1 comment Print

The party vide its letter dated 16.10.2017 (copy enclosed), informed that their eligible ITC credit for the month of July, 2017, was Rs 16,948/ ­ each under CGST and SGST and that while taking credit, the SGST credit, due to server error, was credited in their GSTR 38 of July, 2017, as Rs 16,94,76,948/-. Further, the party has informed that, they have mailed twice to GST help desk for rectification (copy enclosed).

Banks branches must accept coins tendered for exchange or for deposit in Accounts: RBI

February 15, 2018 1557 Views 0 comment Print

Reserve Bank continues to receive complaints about non-acceptance of coins by bank branches. Such denial of service has reportedly, in turn, led to refusal on the part of shopkeepers and small traders, etc., to accept coins as payment for goods sold and services rendered causing inconvenience to the public at large.

CBDT notifies Government e-Marketplace (GeM) U/s. 138 of Income-tax Act

February 12, 2018 10806 Views 2 comments Print

Central Government, hereby specifies Chief Executive Officer, Government e Marketplace (GeM) for purposes of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of Income-tax Act, 1961

CBEC reduces Customs Duty on motorcycles

February 12, 2018 1557 Views 0 comment Print

CBEC seeks to further amend the notification No. 50/2017- Customs, dated the 30th June 2017 so as to reduce the Basic Customs Duty on motorcycles falling under tariff heading 8711.

SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2018

February 12, 2018 1638 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette.

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