SCHEDULE IV Revised Model GST Law [ Nov 2016] ACTIVITIES OR TRANSACTIONS UNDERTAKEN BY THE CENTRAL GOVERNMENT, A STATE GOVERNMENT OR ANY LOCAL AUTHORITY WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES Services provided by a Government or local authority to another Government or local authority excluding the following services:… Read More »
SCHEDULE III Revised Model GST Law [ Nov 2016] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES Services by an employee to the employer in the course of or in relation to his employment. Services by any Court or Tribunal established under any law for the time… Read More »
SCHEDULE II of Revised Model GST Law,[ Nov 2016] MATTERS TO BE TREATED AS SUPPLY OF GOODS OR SERVICES Transfer (a) Any transfer of the title in goods is a supply of goods. (b) Any transfer of goods or of right in goods or of undivided share in goods without the transfer of title thereof,… Read More »
SCHEDULE I – Revised Model GST Law Revised Model GST Law, [ Nov 2016] SCHEDULE I MATTERS TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION [IN TERMS OF CLAUSE (c) OF SUBSECTION (1) OF SECTION 3] Permanent transfer /disposal of business assets where input tax credit has been availed on such assets. Supply of… Read More »
Held The assessing officer has no authority or competence to hold that the privilege fee is not having the character of statutory fee or that the State Legislature or the State Government in exercise of its power by way of a delegated legislation, cannot decide the quantum of fee or the percentage of the revenue… Read More »
Lok Sabha Passes the Admiralty Bill 2016 The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 was passed by the Lok Sabha yesterday. The Bill aims to establish a legal framework to consolidate the existing laws relating to admiralty jurisdiction of courts, admiralty proceedings on maritime claims, arrest of vessels and related issues. It… Read More »
State Health Society – Patna Last Date : Mar 24, 2017 Hiring services of chartered accountant form for statuary audit of state health society & district health society under national health mission.
State Health Society and District Health Society -Madhya Pradesh Last Date : Mar 24, 2017 For Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) for Audit of all programmes under NHM including flexible pools of NRHM-RCH, NUHM, NDCP and NCD. Address: Madhya Pradesh-India Download Complete RFP
Bihar Skill Development Mission Last Date : Mar 24, 2017 Selection of auditors – request for proposal hiring services from chartered accountant firm for statutory audit of bihar skill development mission for the financial year 2016-17.
State Health Society – Madhya Pradesh Last Date : Mar 27, 2017 Advertisement for Selection of Statutory Auditor for FY 2016-17.
Q Whether all the activities carried out by a job work amounts to manufacture? Answer: The definition of job work in Model GST law provides job work as undertaking of any treatment or process on the goods of principal. Thus, any activity of job work under the GST law may or may not be manufacture for the… Read More »
IN THE ITAT DELHI BENCH ‘D’ Crain U K Holdings Ltd. v. Deputy Commissioner of Income Tax H. S. SIDHU, JUDICIAL MEMBER AND PRASHANT MAHARISHI, ACCOUNTANT MEMBER IT APPEAL NO. 1669 (DELHI) OF 2016 [ASSESSMENT YEAR 2007-08] MARCH 9, 2017 Percy Pardiwala, Sr. Adv. P. Maheshwari CA and Ms. Aarti Sathe Adv. for the Appellant.… Read More »
MINISTRY OF AGRICULTURE AND FARMERS WELFARE (Department of Agriculture, Co-Operation and Farmers Welfare) NOTIFICATION New Delhi, the 10th March, 2017 G.S.R. 231(E).—Whereas, the Safed Musli Grading and Marking Rules, 2017, in exercise of the powers conferred by section 3 of the Agricultural Produce (Grading and Marking) Act, 1937 (1 of 1937) was published in the… Read More »
Held Assessee is engaged in the construction work of buildings as a contractor and when the assessee’s job includes only controlling and directing the work of building construction as per plan and design by the land lord and hand over the constructed flats on behalf of the land lord to the eligible flat owners who… Read More »
RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 9th March , 2017 No. FEMA.387/2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section… Read More »
Select farm goods to be taxed under revamped GST India has incorporated a new definition of ‘agriculturalist’ in the goods and services tax law to enable select farm items to be brought under the tax net nationwide. While farmers won’t have to register to pay the tax, registered buyers may need to collect the levy… Read More »
RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve… Read More »
Bombay Chartered Accountants Society Date : 8th March 2017 Mr. Arun Jaitley Hon. Minister of Finance Government of India North Block New Delhi – 110 001. Respected Sir, THE FINANCE BILL – 2017 We compliment you for the focused and non populist Budget that was presented on 1st February. The idea of combining the Rail… Read More »
DEPARTMENT OF TRADE & TAXES, GOVT. OF NCT OF DELHI (POLICY BRANCH) VYAPAR BHAWAN, LP..ESTATE, NEW DELHI. NoF.30/Policy/VAT/2016/1249-54 (645) Dated: 08/03/2017 CIRCULAR NO. 27 OF 2016-17 Subject:- De-sealing of Business Premises In line with the directions of Honrble High Court Delhi, in the matter of Sh. Narender Singh Vs. Deptt. of T&T (in WP(C)1627/2017), the… Read More »
CSR by companies Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013. The year 2014-15 was the first year of Implementation of CSR by companies under the companies Act, 2013. Assessment of CSR expenditure of 7334 companies for… Read More »
Department of Consumer Affairs issues an advisory to the State Governments on Levy of Service Charge by Hotels It has come to the notice of this Ministry through a number of complaints from consumers received in the National Consumer Helpline that hotels and restaurants are following the practice of charging ‘service charge’ in the range… Read More »