Daily Archives: March 26, 2018

MEIS applications for SEZs Exports simplified by DGFT

By | March 26, 2018

To be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice 67/2015-2020  Dated the 22nd March , 2018 Subject: Processing of Merchandise Exports from India Scheme (MEIS) applications for SEZs Exports. In pursuance of the objective of improving ease of… Read More »

Refund of IGST on Export : date extension in SB005 alternate mechanism

By | March 26, 2018

Circular No. 08/2018-Customs F.No: 450/119/2017-Cus-1V Government of India Ministry of Finance Dept. of Revenue (Central Board of Excise and Customs) Room No. 227B, North Block, New Delhi Dated, the 23rd March, 2018 To, All Principal Chief Commissioners/Chief Commissioners of Customs/Customs(Preventive) All Principal Chief Commissioners/Chief Commissioners of Customs & Central Excise All Principal Commissioners/Commissioners of Customs/Customs (Preventive)… Read More »

Advance Authorization & EPCG Scheme : Extension of IGST & Compensation Cess exemption

By | March 26, 2018

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan ***** Notification No. 54/2015-20 New Delhi, Dated 22nd March 2018 Subject:- Amendments to Foreign Trade Policy 2015-2020 – Extension of Integrated and Goods and Service Tax (IGST) and Compensation Cess exemption under Advance Authorisation and EPCG scheme… Read More »

EOU scheme : Exemption Extended to IGST and compensation Cess

By | March 26, 2018

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 55 /2015-2020 NEW DELHI, DATED THE 23 March, 2018 Subject: Amendments to Foreign Trade Policy 2015-20 – Extension to Integrated Goods and Service Tax (IGST) and compensation Cess exemption under EOU scheme till 01.10.2018 – regd. S.O(E): In exercise of powers conferred… Read More »

Prevention of Unauthorized Trading by Stock Brokers : SEBI Circular

By | March 26, 2018

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP1/CIR/P/2018/54 March 22, 2018 To, All recognized Stock Exchanges, Dear Sir / Madam, Sub: Circular on Prevention of Unauthorized Trading by Stock Brokers I. This master circular consolidates and updates the requirements/obligations with regard to Prevention of Unauthorized Trading by Stock Brokers prescribed by the following circulars: A. CIR/HO/MIRSD/MIRSD2/CIR/P/201… Read More »

Aadhar based identification of pensioners under EPS 1995

By | March 26, 2018

Employees’ Provident Fund Organization (MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA) Head Office Bhavishya Nidhi Bhawan, 14, Bhikaiji Came Place, New Delhi- 110066 Website: www.epfindia.gov.in, www.epfindia.nic.in No: Pension-I/7(10)2016-2017/Jeevan Praman/30479 Dated: 23.03.2018 To ALL Addl. Central P.F. Commissioner (Zone) Regional P. F. Commissioner (All Region Offices) Subject: – Aadhar based identification of pensioners under EPS 1995… Read More »

Self Ratification Scheme : DGFT specified format of certificate

By | March 26, 2018

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 68/2015-2020  NEW DELHI, DATED THE 22 March, 2018 Subject: Amendments in Handbook of Procedures 2015-20- reg. In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the… Read More »

Non-occupancy charges etc received by co-operative societies not Taxable : Supreme Court

By | March 26, 2018

Whether certain receipts by co-operative societies, from its members i.e. non-occupancy charges, transfer charges, common amenity fund charges and certain other charges, are exempt from income tax based on the doctrine of mutuality. The challenge is based on the premise that such receipts are in the nature of business income, generating profits and surplus, having… Read More »

Due-diligence and reporting for Foreign Portfolio Investor : SEBI Circular

By | March 26, 2018

  DUE DILIGENCE AND REPORTING REQUIREMENTS UNDER FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) AND COMMON REPORTING STANDARDS (CRS) CIRCULAR NO.IMD/FPIC/CIR/P/2018/53, DATED 21-3-2018 1. This is in continuation of SEBI circulars No. CIR/MIRSD/2/2015 dated August 26, 2015 and No. CIR/MIRSD/3/2015 dated September 10, 2015wherein SEBI has informed all intermediaries regarding due diligence and reporting requirements under Rules 114F to 114H of… Read More »

Cost Inflation Index : New and old : Income Tax Act of India

By | March 26, 2018

New Cost Inflation Index NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) – New cost inflation index for FY 2017-18 onwards As per Notification no. So 1790(e)[no. 44/2017 (f. No. 370142/11/2017-tpl)], dated 5-6-2017, following table should be used for the Cost Inflation Index  for calculating long term capital gains for FY 2017-18 (AY 2018-19 ) onwards… Read More »