Day: March 1, 2018
Clarifications regarding GST in respect of certain services-CBEC Circular CBEC has issued Clarifications regarding GST in respect of certain services . The clarification has been issued with regard to the following issues as approved by the Fitment Committee to the GST Council in its meeting held on 9th …
The Substantial reduction in mandatory documents required for import & export-CBEC The Central Board of Excise and Customs (CBEC) has reduced the mandatory documents for imports and exports. As per an advisory issued by the Board, the following changes have been implemented: 1. only three documents mandatory for general …
Cabinet approves Fugitive Economic Offenders Bill, 2018 Offences worth Rs.100 crore or more under the Bill Property of Fugitive Economic Offenders to be attached The Union Cabinet chaired by Prime Minister Shri Narendra Modi, has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, …
Cabinet approves Establishment of National Financial Reporting Authority The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of Secretary …
CBDT crosses milestone of 200 APA. With entering into 7 more Advance Pricing Agreements in February, 2018, the total number of APAs has gone up to 203. The Central Board of Direct Taxes (CBDT) entered into seven more Advance Pricing Agreements (APAs) during the month of February, 2018. …
TDS on testing and commissioning services deductible u/s 194C as contractual payments as not as fees for technical services u/s 194J-ITAT follows High Court decision ABCAUS Case Law Citation: ABCAUS 2228 (2018) (03) ITAT Important Case Laws Cited/relied upon by the parties Pr. CIT Vs. Bharat Heavy Electricals …