Daily Archive: Wednesday, June 28, 2017

Cabinet approves recommendations of 7th CPC on allowances. HRA floor rate to be calculated on minimum pay of Rs. 18000

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Cabinet approves recommendations of 7th CPC on allowances. HRA floor rate is calculated @ 30%, 20% and 10% of minimum pay of Rs. 18000 Cabinet approves recommendations of the 7th CPC on allowances The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the recommendations of the

Cabinet gives in principle approval for Air India disinvestment with 5 of its subsidiaries

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Cabinet gives in principle approval for Air India disinvestment with 5 of its subsidiaries on recommendations of Core Group of Secretaries on Disinvestment  Cabinet gives ‘in principle’ approval for disinvestment of Air India and five of its subsidiaries   The Cabinet Committee on Economic Affairs, chaired by the Prime

IGST-Goods for which unutilised input tax credit refund not allowed – Notification

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IGST-Goods for which unutilised input tax credit refund not allowed for higher input tax rates than output supplies rate [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.5/2017-Integrated Tax (Rate) New

Goods on which integrated tax is payable on reverse charge basis – Notification

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Goods on which integrated tax is payable on reverse charge basis by the recipient of the intra-state supply of such goods [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.4/2017-Integrated Tax

Rate of interest under CGST Act 2017. 18% interest for delay in tax payment, 24% for making undue/excess claim of input tax credit

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Rate of interest under CGST Act 2017 under various sections. 18% interest for delay in tax payment, 24% for making undue or excess claim of input tax credit [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance

CGST Rules 2017-HSN Codes-digits required on tax invoice based on annual turnover in preceding FY

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CGST Rules 2017-HSN Codes-digits required on tax invoice based on annual turnover in the preceding financial year [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.

CGST-EVC generated through net banking login and option of EVC generated on the common portal

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CGST-EVC generated through net banking login and option of Electronic verification code generated on the common portal [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.
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