Daily Archive: Tuesday, August 29, 2017

PAN card requirement be extended to all gold transactions-Household Finance Committee

Author: | Categories: RBI No comments
PAN card requirement be extended to all gold transactions, daily cash limits against gold sale, electronic registry etc. suggests Household Finance Committee RBI has released the report of the Household Finance Committee. The Household Finance Committee was set up to look at various facets of household finance in India.

 

Classification and GST rate on lottery tickets-goods or services. CBEC Circular

Author: | Categories: GST No comments
Classification and GST rate on lottery tickets-goods or services Circular No.06/06/2017-CGST F. No. 354/149/2017-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit ***** New Delhi, the 27th August, 2017 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / Director General

 

Total GST revenue collected upto 29th August 2017 is Rs 92283 crore

Author: | Categories: GST No comments
Total GST revenue collected upto 29th August 2017 is Rs 92283 crore.  CGST Rs 14894 crore, SGST is Rs 22722 crore, IGST revenue is Rs 47469 crore Press Information Bureau  Government of India Ministry of Finance 29-August-2017 18:58 IST GST Revenue Figures – July 2017  The Goods and Services

 

Book entry transfer of share application money to capital reserve account not benefit u/s 28(iv) – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Book entry transfer of share application money to capital reserve account could not be regarded as benefit or perquisite arising in course of business u/s.28(iv) – ITAT   Book entry transfer of share application money to capital reserve  ABCAUS Case Law Citation: ABCAUS 2047 (2017) (08) ITAT The Grievance:

 

Electronic Sealing of containers by exporters under self-sealing procedure prescribed by CBEC

Author: | Categories: Custom No comments
Electronic Sealing of  containers by exporters under self-sealing procedure prescribed by CBEC   Circular No. 36/2017-Customs F. No: 450/08/2015-Cus.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ***** Room No.227-B, North Block, New Delhi, 28th August, 2017 To, All Principal Chief Commissioner/Chief

 

Insolvency resolution and bankruptcy provisions for individuals and partnerships yet to be notified

Author: | Categories: Finance Ministry No comments
Insolvency resolution and bankruptcy provisions for individuals and partnerships yet to be notified Press Information Bureau  Government of India Ministry of Finance 29-August-2017 11:38 IST   Stakeholders who intend to pursue their insolvency cases may approach appropriate authority/court under the existing enactments, instead of approaching the Debt Recovery Tribunals (DRTs).