CBDT cannot issue circular with retrospective effect-Supreme Court. Revised monetary limits for appeals to apply prospectively. CBDT vide Instruction No. 3/2011 dated 09.02.2011 had revised the monetary limits of tax effect for filing appeals before, Tribunal, High Courts or Supreme Court. The para 11 of the said Instruction stated …

GST deemed export benefits-Procedure for procurement of goods under section 147 of CGST Act 2017  Circular No. 14/14 /2017 – GST F. No. 349/21/2016 GST (Policy Wing) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, dated …

Due date for generation of GSTR-2A GSTR-1A as per extension of due date for filing FORM GSTR-1 and GSTR-2 Circular No.15 /15/2017 – GST F.No. 349/164/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the …

NFRA to take disciplinary action against CAs CS CMA. High Level Committee to suggest disciplinary systems revamp for professionals. On Chartered Accountants Day on 1st July, 2017, PM Narendra Modi had pointed out ICAI’s poor track record on the disciplinary front, stating that during the last 11 years, …

Investigations in Paradise Papers cases to be monitored through reconstituted Multi Agency Group headed by Chairman, CBDT, and representatives from CBDT, ED, RBI & FIU Press Information Bureau  Government of India Ministry of Finance 06-November-2017 18:21 IST Investigations in cases of ‘Paradise Papers’ to be monitored through reconstituted …

Panama Papers cases investigation in full swing says Indian Government.  Rs. 792 crore undisclosed credits detected, criminal prosecution filed in 5 cases  Press Information Bureau  Government of India Ministry of Finance 06-November-2017 20:34 IST Cases pertaining to ‘Panama Papers’: Investigation in full swing  Pursuant to revelations made by the …