Daily Archives: January 5, 2019

Sending SMS to pensioners at the time of settlement of their pension claims

By | January 5, 2019

Sending SMS to the pensioners at the time of settlement of their pension claimsHO No. Pension-I/18(8)/2018/SMS/13293 dated 28/12/2018 It has been decided to send SMS at the time of settlement of pension claims (Form 10 D). IS Division/NOC has been requested to make modification in the software so that SMS is sent when the PPO… Read More »

How to calculate refund for inverted duty structure in case of multiple inputs

By | January 5, 2019

Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Product  GST Rate Value GST Total GST Output Y 12% 3000                                     360.00      360.00               Total GST on Output (b)        360.00           Product  GST Rate Value GST Total… Read More »

GST Refund of ITC of previous month Invoices availed in Next Months allowed

By | January 5, 2019

GST Refund of ITC of previous month Invoices availed in Next Months Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Non-consideration of ITC of GST paid on invoices of earlier tax period availed in subsequent tax period: Presently, ITC is reflected in the electronic credit ledger on the basis of… Read More »

GST Refund of ITC on stores and spares, packing materials etc allowed

By | January 5, 2019

Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Misinterpretation of the meaning of the term “inputs”: It has been represented that on certain occasions, departmental officers do not consider ITC on stores and spares, packing materials, materials purchased for machinery repairs, printing and stationery items, as part of Net… Read More »

ITC on Coal for generation of electricity is available that is used for Final Taxable Products

By | January 5, 2019

Refer Circular No 79/50/2018 GST Dated 31st December 2018 :Clarification on refund related issues Issue: A registered person uses coal for the captive generation of electricity which is further used for the manufacture of goods (say aluminium) which are exported under Bond/Letter of Undertaking without payment of duty. Refund claim is filed for accumulated Input Tax… Read More »

How to Link your Mobile number with SBI Bank Account

By | January 5, 2019

Steps of Linking your Mobile number with SBI Bank (State Bank of India) account Mobile No. Updation by SBI Internet Banking portal www.onlinesbi.com • Log into www.onlinesbi.com • Navigate to” Profile-Personal Details-Change mobile No.” under “My Accounts”, appearing on the left panel of the screen. • On the next page, select the Account number, input… Read More »

How to Link PAN with SBI Bank Account

By | January 5, 2019

How to Link PAN with SBI Bank Account PAN Linking SBI Internet Banking portal www.onlinesbi.com • Log into www.onlinesbi.com • Navigate to” Profile-PAN Registration“ under “My Accounts”, appearing on the left panel of the screen. • On the next page, select the Account number, input the PAN number and click on Submit. • Your request… Read More »

Non-CTS cheques not acceptable from 31.12.2018

By | January 5, 2019

As per RBI directives, periodicity for processing Non-CTS cheques in CTS clearing has been reduced to ‘once in a month’ from 01.09.2018, i.e., second Wednesday of the month. No such cheques will be accepted in CTS clearing after 31.12.2018. Please contact your Home branch for replacement with CTS-2010 standard cheques.  Related Post Dhanlaxmi Bank New… Read More »