Status of GST Refunds. Govt. claims 93.77 % disposal rate, shares data on IGST/ITC Refunds, asks due diligence in filing GSTR 1 GSTR 3B and Shipping Bills. Press Information Bureau  Government of India Ministry of Finance 03-December-2018 Status of GST Refunds  Total GST refunds to the tune of …

Appeal filed without paying tax due on returned income is only defective not void. On payment of taxes even after disposal, the appeal revives – ITAT ABCAUS Case Law Citation: ABCAUS 2658 (2018) (11) ITAT Important Case Laws Cited/relied upon: Bhumiraj Constructions Vs. ACIT M.L. Srinivasa Setty & …

Norms of compulsory packaging of commodities in jute material. 100% of Foodgrains and 20% of total Sugar production to be packed in jute packaging material MINISTRY OF TEXTILES ORDER New Delhi, the 30th November, 2018 S.O. 5878(E).—Whereas, the Central Government under sub-section (1) of section 3 of the Jute …

Assumed Service of notice when it not received back not accepted by ITAT as proof of service on the assessee. Order of CIT(A) remanded holding that assessee was prevented by reasonable and sufficient cause for not appearing ABCAUS Case Law Citation: ABCAUS 2657 (2018) (12) ITAT The appeal …

ICAI Implementation Guide on Resignation / Withdrawal from an Engagement to Perform Audit of Financial Statements The ASB of the Institute of Chartered Accountants of India has released an “Implementation Guide on Resignation/Withdrawal from an Engagement to Perform Audit of Financial Statements”. The said Implementation Guide is applicable in …

Relaxation on the guidelines to NBFCs on securitisation transactions In order to encourage NBFCs to securitise/assign their eligible assets, RBI has decided to relax the Minimum Holding Period (MHP) requirement for originating NBFCs, in respect of loans of original maturity above 5 years, to receipt of repayment of …