107 companies and 7 LLPs under SFIO scanner in PNB fraud case The Government has ordered investigation into the affairs of 107 companies and 7 LLPs under the provisions of Section 212(1)(c) of the Companies Act, 2013 and Section 43(3)(c)(i) of Limited Liability Partnership Act, 2008. The investigation …
Penalty u/s 271AAA-what constitutes substantiating how undisclosed income was derived-High Court explains prerequisites of statement u/s 132(4) to avert penalty ABCAUS Case Law Citation: ABCAUS 2247 (2018) (03) HC The Revenue was aggrieved by the order of the ITAT in deleting the penalty u/s 271AAA of the Income …
Indian GST system is relatively more complex, has high and larger number of tax rates, than in comparable systems in other countries-World Bank The World Bank in its latest working paper titled as “India development update-India’s growth story ” published on 14th March, 2018 has expressed that looking back …
Clarifications on exports related refund issues-CBEC Circular CBEC has issued Circular No. 37/11/2018-GST dated 15th march, 2017 clarifying exports related refund issues. Earlier, the Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 – GST dated 21st December 2017 had clarified various issues …
Order passed by four member Appellate Authority against CA was valid. Under doctrine of necessity recusal of one member not affect hearing and decision-High Court ABCAUS Case Law Citation: ABCAUS 2246 (2018) (03) HC The Petitioner chartered accountant (CA) challenged before the Hon’ble High Court the order passed …
CBEC is observing GST refund fortnight from 15th -29th March, 2018 across all its field formations to deal exclusively with the pending GST refund claims CBEC is observing GST refund fortnight from 15th – 29th March, 2018 Get your pending GST refunds on export of goods sanctioned CBEC is …
