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Monthly Journal
Monthly Journal covers articles on important topics, due dates, notifications/circulars/press releases/etc of the preceding month. It covers Income Tax, GST, Service Tax, Excise Duty, Custom Duty, Company Law, SEBI, RBI, Labour Law, IRDAI & Miscellaneous. Sample copy of May, 2017 is attached herewith for reference purpose. Sample Copy Available. To subscribe: Click Here
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It covers Income Tax, GST, Service Tax, Excise Duty, Custom Duty, Company Law, SEBI, RBI, Labour Law, IRDAI & Miscellaneous. To Subscribe: Click Here
GST
CBEC Press Release dt 12.12.2017 on — “filing of Form TRAN-I to avail Input Tax Credit”
PRESS RELEASE 12th December, 2017 On filing of Form TRAN-I to avail Input Tax Credit Transition to GST provided for trust based transition of input tax credit of the existing taxpayers. A tax payer could file Form TRAN-1 and avail input tax credit on the basis of closing balance of the input tax credit declared in the last return under the pre GST regime. The last date for filing of Form TRAN-1 is 27th December, 2017. In keeping with the philosophy of voluntary compliance, revision of Form TRAN-1 has also been provided. The last date for revision of TRAN-1 is also 27th December, 2017. 2. It has been noted that some [..] Read more at:
Custom Duty
CBEC Press Release dt 12.12.2017 on — “export of IT / ITES Services”
PRESS RELEASE 12th December, 2017 It was reported in certain sections of the Press that tax officials had raised tax demand in respect of export of IT/IT enabled services provided to clients abroad and that this had been done on the basis of place of supply rules in respect of these services which were apparently provided in India and therefore were liable to be taxed. 2. In a subsequent development, the Commissioner (Appeals) set aside the orders of the lower adjudicating authority where refund was disallowed and has also upheld the orders where refund had been granted. Thus, the apprehensions expressed in those [..] Read more at:
Refund/Claim of Countervailing duty as Duty Drawback
Circular No. 49/2017-Cus F.No.609/97/2017-DBK Government of India Department of Revenue Central Board of Excise & Customs Drawback Division New Delhi, the 12th December, 2017 To Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners and Commissioners, all under CBEC. Sir/Madam, Subject: Refund/Claim of Countervailing duty as Duty Drawback. Attention is invited to the Circular Nos. 106/95-Cus dated 11.10.1995 and 23/2015- Cus dated 29.9.2015 regarding refund/claim of Anti-Dumping Duty and Safeguard [..] Read more at:
RBI
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – Review
RBI/2017-18/108 A.P. (DIR Series) Circular No. 14 December 12, 2017 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – Review Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. Revision of Limits for the next quarter Jan – Mar 2018 2. The limits for investment by FPIs for the [..] Read more at:
ICSI
Download admit card for CS Examinations
Admit Cards for Executive and Professional examinations can be downloaded at: http://icsi.indiaeducation.net/ for foundation examinations, can be downloaded at: http://103.253.70.12:8905/OnlineAdmitCard/OnlineAdmitCardDownloadAction_onlineAdmitCardPage.action [..] Read more at:
http://www.onlinelawsolutions.com/index.php/2017/12/13/download-admit-card-for-cs-examinations/
Miscellaneous News
India to host 3rd Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank
MoU signed between Govt. of India and Asian Infrastructure Investment Bank to host the meeting at Mumbai on 25-26 June, 2018 2018 Annual Meeting theme is – Mobilizing Finance for Infrastructure: Innovation and Collaboration. India will host the 3rd Annual Meeting of the Board of Governors of AIIB at Mumbai on 25th and 26th June 2018. The Theme of the Annual Meeting, 2018 will be “Mobilizing Finance for Infrastructure: Innovation and Collaboration”. The Government of India and Asian Infrastructure Investment Bank (AIIB) Secretariat today signed the Memorandum of Understanding (MoU) to delineate the [..] Read more at:
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