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Archive: 01 January 2018

Posts in 01 January 2018

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6717 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

IBBI publishes syllabus of educational courses & valuation examinations

January 1, 2018 1518 Views 0 comment Print

Insolvency Bankruptcy Board of India publishes syllabus and other details of educational courses and valuation examinations The Central Government notified the commencement of section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18th October, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017 on 18th October, 2017. Vide […]

CBEC amends composition rate for Traders & Manufacturers in UT

January 1, 2018 3633 Views 1 comment Print

Union Territory Tax seeks to further amend notification No. 2/2017 – Union Territory Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers.

CBEC amends composition rate for Traders & Manufacturers

January 1, 2018 22962 Views 4 comments Print

Central Tax seeks to further amend notification No. 8/2017 – Central Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers.

Acquisition of flat in under construction building should be considered as Construction and not Purchase

January 1, 2018 3855 Views 1 comment Print

Booking of flat in an apartment under construction must also be viewed as a method of constructing residential tenements. Commencement of construction is not relevant for the purpose of sec. 54 and it is only the completion of construction.

ICAI Exposure Draft Framework Governing Internal Audits

January 1, 2018 1047 Views 0 comment Print

Internal audits are conducted within a defined framework that lays down the boundaries and identifies, in a broad manner, how the internal audit activity is performed. This framework provides the required clarity on key components of the audit activity and helps aggregate all aspects of the internal audit process in a cohesive manner thereby ensuring standardization of key requirements governing internal audit assignments.

Railways not liable to take permission for Advertisement Hoardings erected on its land and also not liable to Advertisement Tax: HC

January 1, 2018 2457 Views 0 comment Print

Railway not require permission of Municipal Corporation for erecting Advertisement Hoarding on its land and Municipal Corporation not entitled to levy advertisement tax on the advertisements displayed on the hoardings erected on the land of the railways

Manual claim filing / processing of GST refund of excess balance in e-cash ledger

January 1, 2018 15084 Views 2 comments Print

The registered taxable person who desires to get the refund of excess balance in the electronic cash ledger is required to file application manually in FORM GST RFD-01A (as notified in the MGST Rules vide notification No. 55/2017 -State tax dated 15.11.2017. All the details in the said form is to be filled appropriately.

Insolvency and Bankruptcy Code (Amendment) Bill, 2017 as introduced in Lok Sabha

January 1, 2018 1323 Views 0 comment Print

This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2017. (2) It shall be deemed to have come into force on the 23rd day of November, 2017.

CBEC declares new centers for sale of seized / confiscated gold

January 1, 2018 1251 Views 0 comment Print

In addition to the centre(s), viz, Mumbai, New Delhi, Calcutta, Chennai, Ahmedabad, Jaipur, Cochin, Bangalore and Shillong, the sale of seized / confiscated gold found ripe for disposal can be done at all the centres of State Bank of India, all Public Sector Banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd which also have authorisation from their competent authorities / head offices to dispose/sell the seized/confiscated gold handed over to them.

Interest Rate on Special Deposit Scheme wef 01.01.2018 notified

January 1, 2018 5910 Views 0 comment Print

Deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds shall with effect from 1st January, 2018 to 31st March, 2018 bear interest at 7.6% (Seven point six per cent). This rates will be in force w.e.f. 1st January, 2018.

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