Press Information Bureau Government of IndiaMinistry of Finance 28-November-2014 17:39 IST Implementation of Goods and Service Tax (GST) The latest India Development Update of the World Bank published in October 2014 has mentioned that the implementation of the Goods and Service Tax (GST), combined with dismantling of inter-state check-posts, is the most crucial reform that could … Read more
To be published in the Gazette of India Extraordinary (Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Public Notice No. 76(RE-2013)/2009-2014 New Delhi, Dated the 27th of November, 2014 Subject: Amendment in ANF 2A of Handbook of Procedure Vol. … Read more
To be published in the Gazette of India Extraordinary (Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Public Notice No. 76(RE-2013)/2009-2014 New Delhi, Dated the 27th of November, 2014 Subject: Amendment in ANF 2A of Handbook of Procedure Vol. … Read more
Trade Circular No. 20 T 2014 Dated 25/11/2014 Subject: Central Sales Tax 1956 Grant of exemption from filing return, Withdrawal of concession. Reference: Circular 20T of 2014 dated 25-11-2014 withdrawing partially the exemption from filing CST Returns. It has been clarified earlier by the trade above, that where there are no inter-State sales in any … Read more
State Bank of India Local Head Office, S.S. Kovil Road Trivandrum 695 001 Applications are invited from Partnership Firms of Chartered Accountants of RBI Category II and III and suitable for empanelment as Statutory Branch Auditors for Public Sector Banks as per RBI norms for carrying out Concurrent Audit on full time, contractual basis (renewable every year, at Bank’s … Read more
As per section 65B(54) of the Finance Act, 2012, “works contract” means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, improvement, repair, renovation, … Read more
Someone’s trash is a treasure for someone else. Indian Banks are staring at staggering NPA of Rs. 3.7 Lac Crore as on June 2014. With the Banking industry is in shock and awe, one can see professional opportunities even in this scenario With the mind boggling size of NPAs that the Banking system has in … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No.111/2014 – Customs (N.T.) DATED THE 20th November, 2014 29 Kartika, 1936(SAKA) S.O. (E). – In exercise of the powers conferred by section 14 … Read more
The set-off available under any rule shall be reduced and shall accordingly be disallowed in part or full in the event of any of the contingencies specified below and to the extent specified. (1) If the claimant dealer has used any taxable goods as fuel, then an amount equal to three per cent (before 01/04/2007 it … Read more
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Notification No. 44/2014-Customs (ADD) G.S.R. (E). – Whereas, the designated authority, vide notification No. 15/3/2013- DGAD, dated the 9th April, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in … Read more