Bank Guarantee When Goods Seized in transit under GST Goods in transit must be accompanied by prescribed documents (Like Eway bill, Tax Invoice, Bill of Supply, Delivery Challan etc) without which they may be detained and confiscated. To release goods without payment of taxes and penalty , you are required give Bond for the value of… Read More »
How To make Complaint against insurance company If you are unhappy with your insurance company Approach the Grievance Redressal Officer of its branch or any other office that you deal with. Click here for contact details of Grievance Redressal Officers, GRO, of all insurance companies Give your complaint in writing along with the necessary support documents Take… Read More »
Empanelment of Members to act as Observers at the Examination Centres for The Chartered Accountants Examinations May / June 2019 – (21-02-2019) 13-CA (Exams)/Observer Empanel /May – June 2019 20th February, 2019 ANNOUNCEMENT EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS MAY / JUNE 2019 It is… Read More »
New Whatsapp Touch ID & Face ID Feature At WhatsApp deeply about private messaging, and introduced Touch ID and Face ID on iPhone to help prevent someone from taking your phone and reading your messages. To enable the iPhone feature in WhatsApp, tap Settings > Account > Privacy > Screen Lock and turn on Touch ID or Face ID. You have the option… Read More »
GST on Retention Money of Contractor Invoice Retention Money is normally used in works contact . Where supplier agrees that certain percentage of invoice will be paid by client after certain period. Normally Retention money percentage is 5 % / 10 % appx. This is retained by the customer/ recipeint from Supplier invoice to ensure… Read More »
33 rd GST Council Meeting 33rd Meeting of the GST Council held on 20.02.2019 under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arunjaitley through video conferencing 34th GST Council Meeting Date In 33rd GST council meeting ,the council has deferred the decision on real estate. The meeting has been adjourned… Read More »
Extension of Due date for GSTR 3B for January 2019 जीएसटीआर 3 बी अंतिम तिथि बढ़ी जनवरी 2019
EPF Balance Check Employee Provident Fund (EPF) balance can be checked by following methods 1. Check EPF Balance on EPFO Portal To check EPF balance, make sure that the employer has activated your Universal Account Number (UAN). Universal Account Number or UAN is unique for all the employees enrolled under the EPF scheme. A UAN number is allotted… Read More »
Ministry of Corporate Affairs Cabinet approves Promulgation of the Companies (Second Amendment) Ordinance 2019 Posted On: 19 FEB 2019 The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of the Companies (Second Amendment) Ordinance 2019 and for replacement of the said Ordinance in Parliament by a replacement Bill. It is based on… Read More »
Cabinet Cabinet approves Promulgation of the Banning of Unregulated Deposit Schemes Ordinance, 2019 Posted On: 19 FEB 2019 The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of Unregulated Deposit Schemes Ordinance, 2019. Benefits: The proposed Ordinance will immediately tackle the menace of illicit deposit taking activities in the country launched… Read More »
Ministry of Finance Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019 Posted On: 19 FEB 2019 The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the release of an additional instalment of Dearness Allowance (DA) to Central Government… Read More »
Cabinet Cabinet approves the proposal of National Policy on Electronics 2019 Posted On: 19 FEB 2019 Decision The Union Cabinet today gave its approval to the National Policy on Electronics 2019 (NPE 2019), proposed by the Ministry of Electronics and Information Technology (MeitY). The Policy envisions positioning India as a global hub for Electronics System… Read More »
THE INSTITUTE OF COST ACCOUNTANTS OF INDIANOTIFICATIONNew Delhi, the 1st February, 2019 F. No. CWA/21/2019.— “In exercise of the powers conferred on it under the Regulation No. 10 of the Cost and Works Accountants Regulation, 1959, the Council of the Institute of Cost Accountants of India hereby issues the following conditions for issuing or renewing… Read More »
34th GST Council Meeting 34th GST Council Meeting is scheduled to he held on 24th February 2019 (sunday) . It is expected that the decision will be taken on GST rates for Real estate sector and lottery. we will update this page for 34th GST Council Meeting decisions. Refer All GST Council Meetings held till… Read More »
HIGH COURT OF BOMBAY Shafi Khan Khokhar v. State of Maharashtra AKIL KURESHI AND M. S. SANKLECHA, JJ. WP NO. 2951 OF 2018 DECEMBER 21, 2018 Anand Mishra for the Petitioner. Amit Shastri, AGP Pradeep S. Jetly and J.B. Mishra for the Respondent. JUDGMENT 1. This petition under Article 226 of the Constitution of India seeks to challenge an enquiry initiated by respondent No.… Read More »
No need to issue GST TDS Certificate ? जीएसटी टीडीएस प्रमाण पत्र जारी करने की आवश्यकता नहीं
Updated SOP on TDS under GST as on 18.02.2019 Download Click here
Pollution control device being supplied by the applicant for use in ‘waste to energy plants/devices’ are classifiable under chapter heading 8421 of the first schedule to the Customs Tariff Act, 1975 and are covered by Sr. No. 234 of schedule I of Notification No.01/2017-Central Tax (Rate) dt.28.06.2017 & Notification No.35/ST-2 dt.30.06.2017, chargeable to CGST @2.5%… Read More »
Stamp Duty of India :Free Study FAQs on Stamp Duty (India) FAQs on e-Stamping in India Stamp Papers do not have expiry date : Supreme Court Judgment Maharashtra Stamp Act (2017 edition) Book Stamp Duties by whom payable ? Punjab Stamp duty reduced from 4% to 1% for registered mortgage by the industrial units :… Read More »
e-Stamping in India Q. What is e-Stamping? A. e-Stamping is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government. Q. What are the benefits to the client/customer by e-Stamping: A. 1 e-Stamp Certificate can be generated within minutes 2 e-Stamp Certificate generated is tamper proof3 Authenticity of the e-Stamp… Read More »
FAQs on Stamp Duty Q. What is Stamp Duty? A. It is type of Tax collected by the State Government. Q. Why stamp duty is required to be paid? A. Stamp duty is a kind of Tax like Sales Tax or Income Tax. It must be paid in full and on time to the Government.… Read More »
Income Tax FAQs for Senior Citizens [As amended upto Finance Act, 2018] What are the benefits available to a senior citizen and very senior citizen in respect of tax rates? Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income… Read More »
Whether security and scavenging services to the Govt is exempt under SL No. 3 or 3A of Notification No. 12/2017-CT(Rate) dated 28/06/2017, as amended from time to time Held Benefit of exemption from the payment of GST is not available to the Applicant under Notification No 12/2017-CT(Rate) dated 28.06.2017 and WB Govt Gazette Notification-1136-FT dated… Read More »
Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.-(15-02-2019) ANNOUNCEMENT Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per… Read More »
When to Pay GST & Claim ITC if Goods Sold in Transit Regarding time of receipt of goods so as to understand the time when credit shall be available? Regarding the time of supply of goods vis-à-vis raising the tax invoice to actual supply of goods? Haryana Authority of Advance Ruling Pasco Motor LLP HAR/HAAR/R/2018-19/11… Read More »
F. No. 01/33/2013-CL.V (Pt.)Government of IndiaMinistry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi- 110001 Dated:- 15th February, 2019 To, The President,Institute of Chartered Accountants of India, ICAI Bhawan,Post Box No. 7112, Indraprastha Marg, New Delhi-110002. Sub:- ICAI’s announcement regarding clarification on Applicability of Rotation principles on a company as per… Read More »
seeks to insert tariff item 9806 00 00 in chapter 98 of the First schedule to Customs tariff act, 1975 to impose basic customs duty of 200% on all goods originating in or exported from Pakistan. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB- SECTION (i)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT… Read More »
Input tax credit not allowed under GST u/s 17(5) of CGST Act (Blocked credit) One of the important aspects of GST is on which supplies is the input tax credit not available or is prohibited. Under section 17(5) of CGST Act, there are certain supplies on which input tax credit under GST is not available. These supplies can… Read More »
How to Transfer Funds from NRO to NRE Account NRIs (Non Resident Indians) may transfer funds from the Non-Resident Ordinary Account (NRO) to Non-Resident External Account (NRE). The Reserve Bank of India (RBI) permitted NRO to NRE fund transfer subject to payment of applicable taxes within the overall ceiling of $ 1 million in a financial… Read More »
As per Liberalised Remittance Scheme of Reserve Bank of india (Updated as on February 13, 2019) Q Can a resident individual make a rupee loan to a NRI/PIO who is a close relative of resident individual, by of crossed cheque/ electronic transfer? Ans. A resident individual is permitted to make a rupee loan to a… Read More »