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ICAI Guidance Note on Audit of Banks-2018 Edition The Auditing and Assurance Standards Board (AASB) of the ICAI has issued the Guidance Note on Audit of Banks 2018 edition. The Guidance Note on Audit of Banks which is issued by the AASB of ICAI every year is an …
Addition u/s 41(1) made on the ground of untraceable creditors-the liability had not ceased or any advantage was taken. High Court upheld deletion made by ITAT ABCAUS Case Law Citation: ABCAUS 2240 (2018) (03) HC The Revenue was aggrieved by the order of the Income Tax Appellate Tribunal …
Cenvat credit on inputs lost during storage upheld by High Court as the Revenue in a similar case was not successful before the Supreme Court ABCAUS Case Law Citation: ABCAUS 2239 (2018) (03) HC The Excise Department had preferred the instant appeal before the High Court under Section …
Recommendations regarding Data Analytics made during the 26th meeting of the GST Council In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The …
Recommendations regarding E-way Bill made during meeting of the GST Council In the 26th meeting held here today , the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system …
GST Reverse charge mechanism deferred till 30.06.2018 as per recommendations made in 26th meeting of the GST Council. Highlights of the decisions taken I. Return filing System The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, …
26th Meeting of the GST Council meets & decides Extension of tax exemptions for exporters for six months Sending a strong positive signal to the exporting community, the GST Council in its 26thmeeting held here today decided to extend the available tax exemptions on imported goods for a …
Existing system of filing GST returns to continue for another 3 months. Introduction of e-way bill across country from 1st April, 18-Decisions taken at 26th GST Council Meeting Existing system of filing returns has been extended for another 3 months and meanwhile, GOM on the IT will look …
Condonation u/s 119(2)(b) rejected without enquiry to the reasons for the delay and the justification given, only on the ground that the business was continuously running was without proper consideration-High Court ABCAUS Case Law Citation: ABCAUS 2238 (2018) (03) HC The petitioner by the instant writ petition had challenged the …
RBI announces Visiting Fellow Programme The Reserve Bank of India announces “RBI Visiting Fellow Programme” for experts from foreign central banks, international organizations, foreign universities, and other research bodies abroad. The key features of the programme are as under: RBI Visiting Fellow Programme (i) The visiting fellow should have a …
