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Indian GST system is relatively more complex, has high and larger number of tax rates, than in comparable systems in other countries-World Bank The World Bank in its latest working paper titled as “India development update-India’s growth story ” published on 14th March, 2018 has expressed that looking back …
Clarifications on exports related refund issues-CBEC Circular CBEC has issued Circular No. 37/11/2018-GST dated 15th march, 2017 clarifying exports related refund issues. Earlier, the Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 – GST dated 21st December 2017 had clarified various issues …
Order passed by four member Appellate Authority against CA was valid. Under doctrine of necessity recusal of one member not affect hearing and decision-High Court ABCAUS Case Law Citation: ABCAUS 2246 (2018) (03) HC The Petitioner chartered accountant (CA) challenged before the Hon’ble High Court the order passed …
CBEC is observing GST refund fortnight from 15th -29th March, 2018 across all its field formations to deal exclusively with the pending GST refund claims CBEC is observing GST refund fortnight from 15th – 29th March, 2018 Get your pending GST refunds on export of goods sanctioned CBEC is …
High Court interprets provisions of PMGKY Scheme 2016 and give equitable relief to the assessee without undermining the object and purpose behind the Scheme. ABCAUS Case Law Citation: ABCAUS 2246 (2018) (03) HC The petitioner was an advocate engaged in income-tax practice who had challenged the rejection by …
There is complete removal/weak RBI powers on corporate governance at PSBs. No Banking Regulator Can Catch or Prevent All Frauds-RBI Governor Banking Regulatory Powers Should Be Ownership Neutral RBI Governor, Shri Urjit Patel in his speech at the Gujarat National Law University (GNLU) in Gandhinagar has stated that there has been …
The Lok Sabha has today passed the Finance Bill 2018 without discussion amid protest by the opposition leding to the adjournment of both the Houses of Parliament. The passing of the Bill by voice votes without discussion have the effect of automatically passing all the twenty one amendments as …
ICAI to take stringent action against use of unfair means in exams-Advisory to students ICAI has warned about the use unfair means in CA Examinations. While admitting that cases of adoption/attempt to adopt unfair means are reported every year in respect of the prestigious CA examinations, ICAI disclosed …
Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes …
Chit Funds (Amendment) Bill 2018 Notification. Bill for strengthening and streamlining of the registered Chit Fund sector The Chit Funds Act, 1982 was enacted to provide for the regulation of chit funds which are indigenous business in India and have conventionally satisfied the financial needs of the low-income …
