Monthly Archives: July 2018

RBI Master Circular on Lead Bank Scheme Dated 02.07.2018

By | July 4, 2018

RBI Master Circular on Lead Bank Scheme RBI/2018-19/5 FIDD.CO.LBS.BC.No.2/02.01.001/2018-19 July 2, 2018 The Chairmen and Managing Directors/Chief Executive Officers SLBC Convenor Banks/Lead Banks Dear Sir/Madam MASTER CIRCULAR – Lead Bank Scheme The Reserve Bank of India has issued a number of guidelines/instructions on Lead Bank Scheme from time to time. This Master Circular consolidates the relevant guidelines/instructions… Read More »

RBI Master Circular on SHG-Bank Linkage Programme

By | July 4, 2018

RBI Master Circular on SHG-Bank Linkage Programme RBI/2018-19/07 FIDD.FID.BC.No.04/12.01.033/2018-19 July 02, 2018 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Madam/ Dear Sir Master Circular on SHG-Bank Linkage Programme The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order… Read More »

No GST on Goods sold on high seas sale basis :MAHARASHTRA AAR

By | July 4, 2018

GST on Goods sold on high seas sale basis Thus it is very clear that the goods which are sold on high seas sale basis are non-taxable supply as no tax is leviable on them till the time of customs clearance in accordance with and compliance of Section 12 of the Customs Act, 1962 and… Read More »

RBI Master Directions on Relief/Savings Bonds

By | July 4, 2018

Master Directions on Relief/Savings Bonds RBI/IDMD/2018-19/61 IDMD.CDD No.21/13.01.299/2018-19 July 2, 2018 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India All Nationalized banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, Master Directions on… Read More »

Income Tax Notice served on security guard is Valid if Director appeared before AO : Delhi High Court

By | July 4, 2018

Held  Notices were sent by registered post as well as through Inspector. Service was affected at the factory office of the respondent-assessee. The case of the respondent-assessee is that notice was served on the security guard and not on the director or authorised person. Director of the respondent-assessee had thereafter appeared before the Assessing Officer… Read More »

New GST News 03.07.18

By | July 3, 2018

New GST News 03.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Seva Bhoj Yojna Guideline for GST Refund Reimbursement of GST / Taxes to Central Govt. employees for Hotel accommodation/Guest House GST on warehousing of Agricultural produce : 23rd GST Council Meeting Decision Refund of provisionally accepted input tax… Read More »

Advance Ruling under Income Tax Act : Analysis

By | July 3, 2018

APPLICATION FOR ADVANCE RULINGS [As amended by Finance Act, 2018]  A resident taxpayer may have some taxation issues in respect of a transaction which has been undertaken or proposed to be undertaken with a non-resident. Similarly, a nonresident may have some taxation issues in respect of transaction which has been undertaken or proposed to be… Read More »

Seva Bhoj Yojna Guideline for GST Refund

By | July 3, 2018

Seva Bhoj Yojna Guideline for GST Refund Video Explanation in Hindi by CA Satbir Singh on  Seva Bhoj Yojna F.No. 13-1/2018-US (S&F) Government of India Ministry of Culture P. Arts Bureau **** PuratatvaBhawan, GPO Complex, INA, New Delhi. 15 th June, 2018 GUIDELINES ON SCHEME FOR FINANCIAL ASSISTANCE UNDER ‘SEVA BHOJ YOJNA’ 1. TITLE The scheme… Read More »

Reimbursement of GST / Taxes to Central Govt. employees for Hotel accommodation/Guest House

By | July 3, 2018

Reimbursement of GST / Taxes to Central Govt. employees for Hotel accommodation/Guest House Video Explanation by CA Satbir Singh in Hindi on Reimbursement of GST / Taxes to Central Govt. employees  Read Order on Reimbursement of GST / Taxes to Central Govt. employees No. 19030/2/2017.E.1V Government of lndia Ministry of Finance Department of Expenditure New Delhi, the… Read More »