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Taxclick Team Reserve Bank of India Foreign Exchange Department Central Office Mumbai Notification No. FEMA.20(R) (3)/2018-RB August 30, 2018 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the … Read more
1. What are various types of cards? Ans: Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are three types of cards (a) debit cards (b) credit cards and (c) prepaid cards. 2. Who issues these cards? Ans: Debit cards are issued by banks and are … Read more
The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Chartered Professional Accountants of Canada (CPA Canada) on November 17, 2018 in Toronto, Canada. Signing of the MoU between ICAI & CPA Canada would facilitate mutual recognition of each other’s qualification and admit the members in good standing … Read more
Office of the Commissioner of State Tax, (GST), 8th floor, GST Shanan, Mazgaon, Mumbai-400010. To, No. JC/HQ-I/ GST/Refund/Trade Cir./01/2017-18 Mumbai Date :- 15/11/2018 Trade Cir. No. 9 4 T of 2018 Subject :- Clarification on certain issues related to refund Ref. Trade Circular No. 49 of 2017 dated 28th 2017. Internal Circular No. 24A of … Read more
FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk Mantralaya, Mumbai 400 032, dated the 26th October 2018 NOTIFICATION Notification No. 58/2018–State Tax No. GST. 1018/C. R. 117/ Taxation-1.— In exercise of the powers conferred by section 148 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) (hereafter in this notification referred … Read more
Circular No. 69/43/2018-GST CBEC/20/16/04/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 26th October, 2018 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Directors General/Directors General (All) Madam/Sir, Subject: Processing of Applications for Cancellation … Read more
Circular No. 68/42/2018-GST F. No. 354/360/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146G, North Block, New Delhi, 5th October 2018 To, The Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Notifications issued under … Read more
FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 11th October 2018. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT.1518/C.R. 23A/Taxation-1.— Whereas, on the implementation of the Goods and Services Tax in Maharashtra with effect from the 1st July 2017, the Finance Department vide Government Notification, Finance Department, No.VAT.1518/C.R. … Read more
Announcement Sub. : Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake GST Audit of the same entity as required under the Central Goods and Service Act, 2017. … Read more
1. Who is required to file DIR-3 KYC Form For Financial year 2018-19 – Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 31st … Read more