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Simplified Import procedure for units in Aircraft Repair & Overhaul

April 26, 2016 1246 Views 0 comment Print

Seeks to amend notification No. 12/2012-Customs dated 17.03.2012 to prescribe simplified procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts.

Simplified procedure for units in Aircraft Repair & Overhaul

April 26, 2016 3121 Views 0 comment Print

Govt has vide Notification No. 19/2016-Central Excise dated 26.04.2016 removed the following conditions to simplify procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts:-

Introduction of policy conditions on import of dogs

April 25, 2016 2008 Views 0 comment Print

Central Government hereby introduces policy conditions on import of dogs under Chapter 01 of ITC (HS), 2012 – Schedule – 1 (Import Policy) as under: (7) Import of dogs is allowed only for the following specific purposes:-

Govt Board for startups to issue eligible business certificate for availing Tax Benefits

April 22, 2016 2677 Views 1 comment Print

The Government of India, vide Notification No. G.S.R. 180(E), dated 17th February, 2016 defined ‘startup’ under Startup India initiative, and has declared that a certificate of eligibility shall be required by such ‘startup’ for availing tax benefits under the Income Tax Act, 1961.

IRS (Customs and Central Excise ) Group ‘A’ Rules, 2016

April 22, 2016 21916 Views 0 comment Print

(1) There shall be constituted a Service known as the Indian Revenue Service (Customs and Central Excise) Group ‘A’ consisting of persons appointed to the Service under rule 5. (2) All the posts included in the Service shall be classified as Group ‘A’ posts.

Maharashtra Value Added Tax (2nd Amendment) Rules, 2016

April 22, 2016 4969 Views 0 comment Print

Following amendments have been made in the Maharashtra Value Added Tax Rules, 2005 which is effective from 01 .04.2016: Rule 8 (Application for registration of dealers liable to tax) Any dealer liable to pay tax shall (including voluntary registration) submit a registration application electronically on www.mahavat.gov.in in Form 101 along with Form 105 (to be submitted […]

MVAT- CST Act- Govt notifies Form IIIE & Form V(B)

April 22, 2016 8224 Views 0 comment Print

In exercise of the powers conferred by sub-sections (3) and (4) of section 13 of the Central Sales Tax Act, 1956 (Act No.74 of 1956), and of all other powers enabling it in this behalf; the Government of Maharashtra is hereby pleased to make the following rules further to amend the Central Sales Tax (Bombay) Rules, 1957, namely :‑

Govt. mandates Panic Button & GPS in Mobile Phone

April 22, 2016 3961 Views 0 comment Print

Telecom Ministry vide notification No. G.S.R. 436(E) dated 22.04.2016 mandates Panic button in new mobile handset w.e.f. 1st January, 2017 and GPS in new mobile hand set w.e.f. 1st January, 2018.

Draft Revised Scheme of Education &Training of CA Course

April 21, 2016 4012 Views 0 comment Print

The Central Government has accorded its in-principle approval to the draft amendments in the Chartered Accountants Regulations, 1988 arising out of the Revised Scheme of Education and Training approved by the Council of the Institute.

Banks to caution public against deposits in dubious schemes

April 21, 2016 1138 Views 0 comment Print

It has also come to the notice of the RBI that the customers receive telephone calls relating to their winning lotteries/prizes etc. and depositing money in an unknown account, following which the amount of lottery would be remitted to them or credited to the account they would advise. The customers believing such fraudulent messages remit the required amount apart from divulging details of their accounts to the fraudsters.

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