Clarifications on different different types of refund claims under GST to ensure uniformity in the implementation of the provisions of the law across the field formations. CBIC Circular Circular No. 45/19/2018-GST F. No. CBEC/20/16/4/2018-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes …

ICAI opposes CBDT notification making CAs ineligible to determine FMV of unquoted equity shares as per the Discounted Free Cash Flow Method. The Representation has been submitted to CBDT by Direct Taxes Committee of ICAI with respect to the Notification No 23/2018, dated 24th May, 2018 amending Rule …

Pending IGST refunds to be granted on CA certificate basis where records not transmitted by GSTN to DG Systems. As interim solution refund shall be granted subject to undertakings/ submission of CA certificates by exporters and post refund audit scrutiny. Circular No. 12/2018-Customs F. No. 450/119/2017-CusIV Government of …

CSR-Company to give preference to the local area where it operates for spending the amount earmarked for CSR u/s 135(5) of the Companies Act 2013 General Circular No. 06/2018 F. No. 08/05/2018-CSR Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R.P.Road, New …

Limitation for reassessment u/s 150(1) has to be counted on the date of assessment order passed by the AO assessing the income in the wrong hands – ITAT This appeal by the assessee was directed against the order of CIT (A) upholding the legality of the reassessment made …

Procedure for issue of notice to fugitive economic offender abroad by the Special Court under Fugitive Economic Offenders Ordinance 2018 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 25th May, 2018 G.S.R. 501(E).— In exercise of the powers conferred by sub-section (1) read with clause (e) of …