ICAI withdraws Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable) The ICAI had issued a Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable), in May 2016, applicable to all projects in real estate …

Income accumulated us 11(2) not deemed income when transferred from capital fund account to the income and expenditure account for utilisation within time allowed u/s 11(3)(c)-ITAT The instant appeal was preferred by the Revenue against the order passed by the Commissioner of Income Tax (Appeals) in deleting the …

Roll out of e-Way Bill system for intra-State movement of goods in eight States Roll out of e-Way Bill system for intra-State movement of goods in Chhattisgarh, Goa, Jammu & Kashmir, Mizoram, Odisha, Punjab, Tamil Nadu and West Bengal  As per the decision of the GST Council, e-Way …

Extension of last date for filing FORM GSTR-6 return for July 2017 to June 2018 to 31.07.2018 The last date for filing of return in FORM GSTR-6 by Input Service Distributors for the months from July, 2017 to June, 2018 is being extended till 31.07.2018. Notification is as …

Agencies Authorized to issue Certificate of Origin – (Non-Preferential). Director General of Foreign Trade authorizes four agencies A Certificate of Origin (CO) is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country. They also …

Duty free entitlements given to six sectors-Handlooms, Handicraft, Leather, Marine, Sports Goods and Toys sectors under Foreign Trade Policy (FTP)  MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the 28th May, 2018 Notification No. 09 /2015-2020 Subject: Amendment in the Chapter-1 …