Common Proficiency Test, an entry level test for the Chartered Accountancy course, is held twice a year in the month of June and December. The forthcoming Common Proficiency Test is scheduled to be held on 18th June, 2017 (Sunday).
There is sufficient indication from the notes on files that the invocation of the revisionary powers under Section 74A of the DVAT Act was to delay making the refund which was overdue for over six years. The Court is left no manner of doubt is that this was plainly an abuse of power vested in the Commissioner which calls for disapproval in strongest terms.
On Wednesday, April 19, 2017, the Union Cabinet decided to amend the Motor Vehicle Rules to end the use of red or any coloured beacon by all, including the President, Vice President and the Prime Minister. Every Indian is special. Every Indian is a VIP, Prime Minister Narendra Modi tweeted soon after.
Request to give comments/ suggestions on the Exposure Draft of the Guidance Note on Division II- Ind AS Schedule III to the Companies Act 2013 by 30th April, 2017
In this case basic issue to be decided was about the interest payment made by the partnership firm to the partners in light of the provisions of section 14A read with rule 8D of the Rules.
Invoice in simple terms is nothing but a document specifying list of goods sent or services provided and a statement of the sum due against those items. Invoice is often understood as ‘proof of sale’ but this common understanding is far from the truth.
A Bill is presented in Parliament in three different modes such as Money Bill, Finance Bill or a Private Bill. We all know that the new GST Bills were also introduced as Money Bills in the Lok Sabha on 27th March 2017 by the Finance Minister Mr.Arun Jattely which were passed by Lok Sabha on 29th March 2017.
As we all know The Goods and Service Tax (GST) bill was passed in the Upper House of the Indian Parliament – The Rajya Sabha. To be implemented from 01st July 2017, A one nation one tax slogan which will replace the plethora of taxes levied under different names like service tax, value added tax (VAT), entertainment tax, cess etc.
Composition Scheme under GST, a taxpayer is required to file one summarized return on quarterly basis, instead of three monthly returns as applicable for normal businesses.
