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Archive: 15 August 2018

Posts in 15 August 2018

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 6054 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

ICAI Election 2018: Draft List of Voters / Proposed Polling Booths

August 15, 2018 17553 Views 1 comment Print

The members whose professional addresses are falling within the cities/towns shown in the List of proposed Polling Booths would be eligible to vote by poll at the polling centre shown in the List.

Governance of Insolvency Professional Agencies and Information Utilities

August 15, 2018 1596 Views 0 comment Print

The IPAs have responsibility to develop and regulate the profession of IPs. They carry out quasi-legislative, executive and quasi-judicial functions. While they are public utilities and front-line regulators, they must compete with one another in terms of service rendered by their members acting as IPs.

Expense cannot be disallowed merely for not having direct bearing on earning

August 15, 2018 1473 Views 0 comment Print

Loesche India case: it is not necessary that all the payments/expenditure incurred by the assessee should have direct bearing on earning of income, but some payments are also made under certain business expediency

Revised guidelines for companies to facilitate claimant’s refund by IEPF Authority

August 15, 2018 2262 Views 0 comment Print

MCA Vide its Notification No. 07/05/2017-IEPFA, dated July 19, 2018 has revised and updated the guidelines for the company to facilitate refund of claims by IEPF Authority in light of resubmission option provided in e-form IEPF-5.

UAE VAT- Important Definitions and their meaning

August 15, 2018 3087 Views 0 comment Print

In the context of UAE VAT law Goods means physical property that can be supplied including real estate, water, and all forms of energy as specified in the Executive Regulation of this Decree-Law.

Recent amendments by DGFT in IEC registration process?

August 15, 2018 12654 Views 2 comments Print

Export-import entities have been encountering numerous difficulties in the entire process of IEC registration and IEC modification due to, inter alia, technical glitches such as internet browser errors and disrupted browser settings of DSCs (digital signs). In order to cope with the abovementioned hitches, the Directorate General of Foreign Trade (DGFT) has recently introduced certain amendments to the process of IEC registration, application and IEC modification.

CBIC notifies due date for filing GSTR- 3B and GSTR-1 from July 2018 to March, 2019

August 15, 2018 5415 Views 0 comment Print

Notification No. 34/2018 – Central Tax dated 10th August, 2018 On the recommendations of the Council, hereby specifies that the return in FORM GSTR-3B of the said rules for each of the months from July, 2018 to March, 2019 shall be furnished electronically through the common portal, on or before the twentieth day of the […]

An insight into GST Amendments as passed by Lok Sabha

August 15, 2018 4404 Views 2 comments Print

On August 9, 2018 the Lok Sabha has passed the GST Amendment Bill, 2018. The Bill provides for more than 40 amendments to the GST Act. These amendments aim to simplify the GST law and to ensure administrative convenience for the Small and Medium Enterprises. These amendments shall come into force form such date as […]

GST on services provided by one unit to other unit of same Company

August 15, 2018 59955 Views 2 comments Print

Breaking the ice on much-debated taxability of inter-company supply of services in GST, the Hon’ble Authority for Advance Ruling, Karnataka while deciding the application filed by M/s Columbia Asia Hospitals Private Limited [Advance Ruling No. KAR ADRG 15/2018 dated July 27, 2018], has ruled that the activities performed by the employees at the corporate office […]

Turkish hangover or solace from inflation, what will drive markets?

August 15, 2018 1380 Views 0 comment Print

The Turkish lira, which sank 16% on Friday, plunged yet again (6.7% yesterday) to hit a record-low of 7.22 against the dollar. Contagion fears hit other emerging market currencies as well with the EM FX index declining by 0.7%. Meanwhile, the JPY appreciated on account of its safe haven demand and the USD index rose to a 13-month high level of 96.36.

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