"03 July 2018" Archive - Page 4

GST Completes 1 year, somewhere smiles somewhere tears !!

Arjuna (Fictional Character): Krishna, what can you say about completion of 1 year of GST implementation? Krishna (Fictional Character): Arjuna, GST now completes 1 year in India, this year has been tough for everyone. The biggest Tax reform in India is now slowly being accepted by all. Still there are many changes which are yet […...

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GST on Moulds and Dies under Job Work

There was confusion about the taxability of moulds and dies sent by the principal to his job worker free of cost, based on earlier tax laws.  In order to clarify the doubt and tax department issued a Circular (No.47/21/2018-GST dated 8th June 2018).  We shall discuss the same here: Moulds and dies belong to the […]...

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Clarification on RBI Latest Online Application FIRMS (Foreign Investment Reporting and Management System)

The Reserve Bank has come up with the objective of integrating the extant reporting structures of various types of foreign investment in India, and for this purpose it will introduce a Single Master Form (SMF) subsuming all the existing reports....

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In last 70 years role of CA shifted from backroom to boardroom: ICAI President

Our history bears the testimony that we have resolutely upheld the societal trust and importance. As such, today’s CA is no longer being seen as just a statistician but a versatile strategist and value-creator who is ‘must-have’ resource of modern day business. The Indian CA has metamorphosed from traditional accounts keeper to a tr...

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Five Key Aspect to Direct Tax Code (DTC)

DTC will be aimed revise and simplify the structure of direct tax laws in India into a single legislation. The DTC, when implemented will replace the Income-tax Act, 1961 (ITA), and other direct tax legislations like the Wealth Tax Act, 1957, Dividend Distribution Tax, Fringe Benefit Tax etc....

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Transfer and Posting of officers in Addl./Joint CIT Grade

Office Order No. 102 of 2018 (03/07/2018)

Office Order No. 102 of 2018 The following Joint Commissioners of Income Tax, promoted on Ad-hoc basis vide Order No. 220/2017 dated 29.12.2017, are hereby transferred and posted as per the table below, with immediate effect and until further orders:...

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