With the goods and services tax (GST) on the anvil, all state governments are working very closely with central government and all efforts are on to put the elaborate information technology (IT) infrastructure in place for smooth handling of massive amount of data, a top CBEC (Central Board of Excise and Customs) official said at an ASSOCHAM event held in New Delhi today.
Shri Mukhtar Abbas Naqvi has said that the Union Budget (General) 2017-18 will be helpful in socio-economic-educational empowerment of Minorities. Shri Naqvi said that the Budget of Minority Affairs Ministry has been increased to Rs 4195.48 crore for 2017-18. This is Rs 368.23 crore more than 2016-17 Budget of Rs 3827.25 crore with an increase of about 9.6 per cent.
Here we have produced Analysis of Union Budget 2017-18 of Central Excise Rules, 2002 ,Excise Tariff Changes, Central Excise Tariff Act 1985 , Central Excise Act 1944, Customs Tariff 2017-18 , Customs Act 1962 , Income Tax Act, 1961 and Transfer Pricing / GAAR / POEM Budget Analysis 2017-18 CENTRAL EXCISE RULES, 2002 EXCISE TARIFF […]
After the introduction of IFRS (called IND-AS in Indian perspective) in India, now all instruments that are issued by an entity will not accounted just based on their legal form. E.g. Preference shares are being accounted as Equity
RBI clarified Schemes for Stressed Assets-Revisions, that the standstill clause only applies to asset clarification and banks shall not recognize income on accrual basis if the interest is not serviced within 90 days from the due date.
The following discussion focuses on Place of supply of Goods aspect. Place of supply (‘POS’) should mean the place where supply happened or made to be happened by some government force.
