Press Release: 2017-2018/326 and 2017-2018/325 -
02/07/2017
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect....
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Office Order No. 09/Ad.IV/2017 -
02/08/2017
Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of Goods and Services Tax. Research and analysis of (a) Subjects relevant to GST; (b) Best practices in global environment; (c) Database and issues relating to collection of CGST, IGST and SGST....
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Public Notice No. 100/2017-JNCH -
02/08/2017
In respect of the cases where export goods had been cleared from factory, warehouse, etc. prior to 1.7.2017 but let export order has not been issued before 1.7.2017. Such goods are not supplies under GST and accordingly, said Note and Condition 12A is not applicable....
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Public Notice No. 15/2015-2020-DGFT -
02/08/2017
Proforma for obtaining Certificate of Origin (COO) for export of (i) Muli bamboo(Melconna baccifera); and (ii) Bamboo products made from bamboo obtained from legal source (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) has been notified....
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No matter, if could not get success this time, Stay always dynamic, Success will come the next time. Pass & fail are only two aspects of life, Give complete credit to your failure, As coming success is the result of facing failure this time. ...
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CIT Vs Vision Finstocks Ltd (Gujarat High Court at Ahmedabad) -
CIT (Appeals) in a detailed judgement, reversed the order of the Assessing Officer holding that if at all the transaction was held to be sham, the additions can be made in the case of the firm and not the partners. ...
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It may be noted that in the GSTR 1 return, following declarations has to be filed by the supplier & has to maintained a consecutive series of all such documents...
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Amendment in CGST RulesRule 24, 34, 44, 46, 61, 83 and 89 of the CGST Rules, 2017 has been amended by Notification No. 17/2017 – Central Tax dated 27th July, 2017....
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We recommend CBDT to consider prescribing measurable parameters for assessment of charitable activities undertaken by private hospital trusts as a pre-condition for granting exemptions under the Income Tax Act, and amend the Act for this purpose if necessary....
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This performance audit covered the assessment of private hospitals, nursing homes/medical clinics, medical colleges/research institutes, diagnostic centres, pathological labs, medical supplies agencies/stores including those running on ‘not for-profit basis’, and healthcare delivery professionals which included cases of scrutiny asses...
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