Monthly Archives: April 2018

Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines

By | April 14, 2018
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Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines Reserve bank of India has issued Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines RBI/2017-18/164 IDMD.CDD.No.2652/14.04.050/2017-18 April 13 2018 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock… Read More »

Taxation of Loans Gifts & Cash Credits (Finance Act 2018) Book by Taxmann

By | April 14, 2018
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Taxation of Loans Gifts & Cash Credits (Finance Act 2018) Taxation of Loans Gifts & Cash Credits (Finance Act 2018) is written by  CA Srinivasan Anand G Price of Book Rs 725 Click to buy online Author : SRINIVASAN ANAND G Edition : 2018 Edition Date of Publication : April 2018 ISBN No.:9789387702615 Binding : Paperback No. Of Pages : 400 Weight… Read More »

Sovereign Gold Bond 2018-19 : Series-I.

By | April 14, 2018
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Ministry of Finance ​The ​Government of India, in consultation with the Reserve Bank of India, decide​s​ to issue Sovereign Gold Bond, 2018-19-Series-I​;​ Applications for the ​B​ond​(s)​ will be accepted from 16th to 20th April, 2018​;​ The Certificate of Bond (s)​ to be issued on May 04, 2018​; ​The Bonds ​to be sold through banks, Stock… Read More »

Circular No 43/17/2018 GST : Processing of refund applications for UIN agencies

By | April 13, 2018
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Circular No 43/17/2018 GST Summary of Circular No 43/17/2018 GST clarifying the issues arising in refund to UIN vide Circular No 43/17/2018 GST dated 13th April, 2018 Read Circular No 43/17/2018 GST F. No. 349/48/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 13th… Read More »

Circular No 42/16/2018 GST : CBIC clarify recovery of arrears under existing law & reversal of inadmissible input tax credit

By | April 13, 2018
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Circular No 42/16/2018 GST Summary of  Circular No 42/16/2018 GST clarifying the procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit vide Circular No 42/16/2018 GST Dated 13th April, 2018 Read  Circular No 42/16/2018 GST CBEC-20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes… Read More »

Circular No 41/15/2018 GST : CBIC clarify interception of conveyances for inspection of goods in movement

By | April 13, 2018
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Circular No 41/15/2018 GST clarifying the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances. vide Circular No 41/15/2018 GST dated  13th April, 2018 [ Circular No 49/23/2018 GST Dated 21st June, 2018 Seeks to modify Circular No. 41/15/2018-GST ] CBEC-20/16/03/2017-GST Government of India Ministry of… Read More »

Section 56(2)(viib) of Income-tax Act not applicable to startups if share capital upto Rs. 10 crore.

By | April 13, 2018
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Department of Industrial Policy and Promotion (DIPP) has issued notification to consider application of Startups for claim of incentive under Section 80-IAC and Section 56(2)(viib) of the Income-tax Act. It has provided that provisions of sec. 56(2)(viib) are not applicable to startups having paid up share capital upto Rs. 10 crore. MINISTRY OF COMMERCE AND… Read More »

Free Book on E-way bill under GST : Download

By | April 13, 2018
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Dear Professional Colleague, ICAI have been continuously undertaking various initiatives to support the Governmentas well as the stakeholders for smooth implementation of GST, among which one of the initiative is knowledge dissemination. Indirect Taxes Committee of ICAI, has recently revised the publication on “ E- publication on E-way bill under GST” [ Click here ]  for the… Read More »

Interest rates for Small Savings Schemes for Q1 FY 2018-19 (01.04.2018 to 30.06.2018)

By | April 13, 2018
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RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the… Read More »

GST rate 18% for rubber trees or rubber wood : AAR

By | April 13, 2018
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AUTHORITY FOR ADVANCE RULINGS KERALA N.C. Varghese, In Re SENTHIL NATHAN S. AND N. THULASEEDHARAN PILLAI, MEMBER ORDER NO. CT/3270/18-C3 MARCH  26, 2018 ORDER   1. Sri.N.C. Varghese, Thrissur, a small scale contractor (hereinafter called the applicant), has preferred an application for Advance Ruling on the rate of tax of standing rubber trees. The applicant is engaged in the… Read More »