Settlement of Death Claims within 7 days : EPFO Instruction
Settlement Death Claims within 7 days HO No CSD/AG/2017/8352 Dated 27 Sep 2018 Read EPFO Instructions on Settlement of Death Claims within 7 days Download EPFO Instructions Click here
Daily Archives: September 27, 2018
Ex-Servicemen Contributory Health Scheme notified for 80D deduction under Income Tax
Notification No. 55 /2018 Income Tax Summary of Notification No. 55 /2018 Income Tax The Central Board of Direct Taxes (CBDT) has notified the ‘Ex-Servicemen Contributory Health Scheme’ of the Department of Ex-Servicemen Welfare, Ministry of Defence, for the purpose of Section 80D deduction under Income Tax Act . The deduction is available for the assessment… Read More »
Voluntary transition of Urban Co-operative Bank into Small Finance Bank : RBI Scheme
Voluntary Transition of Primary (Urban) Co-operative Banks (UCBs) into Small Finance Banks (SFBs) RBI/2018-19/52 DCBR.CO.LS.PCB. Cir.No.5/07.01.000/2018-19 September 27, 2018 Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir / Madam, Voluntary Transition of Primary (Urban) Co-operative Banks (UCBs) into Small Finance Banks (SFBs) Please refer to Paragraph 4 of the Statement on Developmental… Read More »
Banks permitted to reckon Government securities for Liquidity Coverage Ratio
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards RBI/2018-19/51 DBR.BP.BC.No.4/21.04.098/2018-19 September 27, 2018 All Scheduled Commercial Banks (Excluding RRBs) & Small Finance Banks (SFBs) Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure… Read More »
Sale of Electoral Bonds w.e.f 01.10.2018 to 10.10.2018 at SBI Bank
Ministry of Finance Sale of Electoral Bonds at 29 Authorised Branches of State Bank of India (SBI) with effect from 01st October, 2018 to 10th October, 2018. The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may… Read More »
Circular No 66/40/2018 GST : No GST on services of religious & charitable trusts by way of residential programmes or campus
Circular No 66/40/2018 GST The Govt. has clarified that the services of religious and charitable trusts by way of residential programmes or camps meant for advancement of religion, spirituality or yoga shall be exempt. However, if charitable or religious trusts provide accommodation or serve food and drinks against consideration in any form including donation, then… Read More »
No 12% concessional GST rate to works contract service for Govt projects for business purpose : AAR
, the projects under DDUGY, IPDS, ADB, SSTD, Saubhagya Yojna, FSP and all other schemes of governments are carried out for business purpose and the benefit of Concessional Rate of 12% (6% under Central tax and 6% State tax) as per notification under is not available to the applicant on works pertaining to construction, erection,… Read More »
5% GST on food, drinks and & snacks sold in Multiplex : AAR
Items supplied in Snack Bar and Food Court shall be chargeable to GST in terms of Notification No.il/2017-Central Tax (Rate) as amended by Notification No.46/2017-Central Tax (Rate) and corresponding notification under MPGST ACT,2017 at prevailing rate of 5%(2.5% SGCT and 2.5% CGST), subject to conditions laid down at Serial Number 7 of the parent Notification classifiable under… Read More »
Attention all DDO’S : TDS under GST w.e.f 01.10.2018 : Circular
Attention all DDO’S : TDS under GST w.e.f 01.10.2018 F.No 8/B/10(2)/HRD/EMC/2017 Dated 26th September 2018 This is to draw your kind attention to the Implementation of Tax deduction at Source (TDS) under GST. (1) In this regard Notification No. 50/2018-Central Tax, dated 13-9-2018 has been issued to bring into force the provisions of Section 51 of the… Read More »
Mandatory UDIN for Chartered Accountants Certificate w.e.f 01.01.2019
Mandatory UDIN for Chartered Accountants Certificate w.e.f 01.01.2019 ANNOUNCEMENT by ICAI on 26.09.2018 Unique Document Identification Number (UDIN) It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and stakeholder. ICAI is also receiving number of complaints of forged signatures. To curb the malpractices,… Read More »