Q What will be the time of supply where multiple invoices are issued for a single consignment involving supply of goods? The time of supply of goods shall be the earlier of i) The date of issue of invoice by the supplier or ii) the due date of issue of invoice ( ref section 28 –Tax… Read More »
Arun Jaitley speaks to media on GST on 16.03.2017
Held It is true that Instruction No.4 (B)(b) of the Circular dated 29.2.2016, gives two instances where less than 15% can be asked to be deposited. However, it is equally true that the factors, which were directed to be kept in mind both by the Assessing Officer, and by the higher superior authority, contained in… Read More »
Taxes under GST ‘to increase a bit’, says CBEC Chairman Taxes under GST ‘to increase a bit’, says CBEC Chairman While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC)… Read More »
National Health Policy Read National Health Policy 2017 of India approved by Cabinet
Form V FORM FOR REPORTING UNDER PRADHAN MANTRI GARIB KALYAN DEPOSIT SCHEME, 2016. Download Form PRADHAN MANTRI GARIB KALYAN DEPOSIT SCHEME
RBI/2016-17/251 IDMD.CDD.No. 2347/14.04.051/2016-17 March 16, 2017 The Chairman/CEO/ Managing Director, All Authorised Banks, (All Banks to which Banking Regulation Act, 1949 applies) Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Clarification Please refer to our letter IDMD.No.1451/08.03.016/2016-17 dated December 16, 2016 and Notification No. S.O.4061(E) dated December 16, 2016 issued by the… Read More »
RBI/2016-17/250 DGBA.GAD.No. 2377/42.01.029/2016-17 March 16, 2017 All agency banks Dear Sir / Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year… Read More »
Reporting and Accounting of Central Government Transactions of March 2017 RBI/2016-17/249 DGBA.GAD.No. 2376/42.01.029/2016-17 March 16, 2017 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2017 Please refer to Circular DGBA.GAD.No.2968/42.01.029/2015-16 dated March 17, 2016 advising the procedure to be followed for reporting and accounting of Central Government… Read More »
Comments invited on the working paper of the high level committee to review the Institutionalisation of Arbitration Mechanism in India by 7 April 2017 The Government of India has emphasised the need for promoting arbitration as a preferred dispute resolution mechanism for commercial disputes. Pursuant to this, a High Level Committee has been constituted under… Read More »