Daily Archives: September 5, 2016

Spot Price Polling Mechanism

By | September 5, 2016

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/78 September 02, 2016 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Dear Sir / Madam, Sub: Spot Price Polling Mechanism 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or the Central Government applicable… Read More »

Clarification under Maharashtra Settlement of Arrears in Disputes Act 2016

By | September 5, 2016

Office of the Commissioner of Sales Tax, 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR No. VAT/MMB-2015/47/2016-17/ADM-8 date 3rd September, 2016. Trade Cir. No. 24T of 2016 Subject : Clarification under Settlement of Arrears in Disputes Act, 2016 Ref: (1) The Maharashtra Settlement of Arrears in Disputes Act, 2016. (Act No. XVI of 2016) (2) Trade Circular No.… Read More »

MVAT: Registration through e-Seva Kendra and help desk

By | September 5, 2016

Office of the Special Commissioner of Sales Tax, 3rd  floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR To No: MAHAVIKAS/e-Service Centres/e-Seva kendra/B-573 Trade Circular No. 23T of 2016 Date: 02/09/2016 Subject: Facility to submit the application for registration through e-Seva Kendra and help desk for new return submission. Background: The Department of Sales Tax has taken various… Read More »

Relaxation in export policy for export of Red Sanders wood under Sl. No. 188

By | September 5, 2016

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Notification No. 25/2015-2020 New Delhi Dated the 2nd September, 2016 Subject: Relaxation in export policy for export of Red Sanders wood under Sl. No. 188, Chapter 44 of Schedule 2 of ITC (HS) Classification of Export and Import 2012.… Read More »

Minimum value addition for export of Silver/ Platinum jewellery and articles thereof

By | September 5, 2016

Government of India Ministry of Commerce and Industry Department of Commerce Public Notice No. 28/2015-2020 New Delhi, Dated the 02 September 2016 Sub : Amendment in paragraph 4.61 of Hand Book of Procedures 2015-20. In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the… Read More »

Settlement Commission (Income Tax and Wealth Tax) -Recruitment and Conditions of Service

By | September 5, 2016

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd August, 2016 G.S.R. 828(E).— In exercise of the powers conferred by the proviso to article 309 of the constitution, the President hereby makes the following rules to amend the Settlement Commission (Income Tax and Wealth Tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairman… Read More »

Cost Recovery charges to be deposited by Custodians in Customs facilities

By | September 5, 2016

F. No. 8/B/16/ HRD(EMC)/CRB/2016 Directorate General of Human Resource Development Customs & Central Excise (Expenditure Management Wing) C-4 (West Wing), IRCON Building, District Centre, Saket, New Delhi-110 017 Date: 31.08.2016 To The Chief Commissioner of Central Excise, (Bhopal/ Chennai/Cochin/ Coimbatore/ Jaipur/ Meerut/ Mumbai-INagpur/ Pune/Visakhapatnam Zone) The Chief Commissioner of Customs, {Ahmedabad/Bengaluru/Chennai/Delhi/Delhi (Prev.)/Mumbai-II/Thiruchirappalli (Prey.) Zone} Sir/Madam,… Read More »

Assessment and Audit under GST

By | September 5, 2016

ASSESSMENT AND AUDIT UNDER GST BUY Meaning of assessment “Assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment – clause 2(12) of GST Model Law, 2016. Assessment means determining the tax liability. ‘Assess’ in a taxing statute means the computation of the income… Read More »