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Latest initiatives being undertaken by ICAI towards reforms in the CA Course and Examination System The Institute of Chartered Accountants of India (ICAI) has always stood by the students and strived to address their concerns from time to time. Considering the dynamic global scenario, ICAI has taken proactive …
Penalty U/s 271(1)(c)-Unspecified charge in notice can be made good with a clear-cut finding in penalty order – ITAT explains Law on non-striking off clauses in Notice u/s 274 ABCAUS Case Law Citation:ABCAUS 2678 (2018) (12) ITAT Important Case Laws Cited/relied upon:CIT vs. SSA’S Emerald Meadows (2016) 242 …
Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues.The decisions of …
Formation of GoM as Recommended by the GST Council in its 31st Meeting held on 22.12.2018. The GST Council in its 31st meeting held today at New Delhi has approved the proposal to form a 7 Member Group of Ministers to study the revenue trend, including analysing the reasons …
GST Council has certain important issues to various Committees / GoM The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: (i) Extending the Composition scheme to small service providers. The rate of tax …
Recommendations made during 31st Meeting of the GST Council The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the …
Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in Goods GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, and clarification (on Goods). The decisions of the GST Council …
NPS Withdrawal Norms The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the …
Tax Authorities can now keep a watch on electronic information generated, transmitted, received or stored in any computer resource Section 69 of the Information Technology Act, 2000 authorises Central or State Government to issue directions for interception or monitoring or decryption of any information through any “computer resource”. The …
IBBI releases Provisional list of 848 Insolvency Professionals from 12 Cities. Insolvency and Bankruptcy Board of India has released Provisional list of Insolvency Professionals (IPs) prepared in accordance with Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018. The Board has invited observations …
