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Notification No. 47/2018-Customs (N.T.) Dated: 31st May, 2018

May 31, 2018 1650 Views 0 comment Print

Tariff Notification No. 47/2018-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

CA Firm Empanelment with Punjab & Sind Bank for Concurrent Audit

May 31, 2018 49619 Views 2 comments Print

Online Empanelment for Concurrent Audit of Branches of Punjab & Sind Bankfor concurrent Audit is been started on 16.05.2016 and last date for online application is 31.03.2016. Existing CA firms have to apply afresh for empanelment. Link to Apply Online is given at the end of the Article.

RERA turned to One! – Many reasons to celebrate

May 30, 2018 2883 Views 3 comments Print

The Real Estate (Regulation and Development) Act, 2016, or RERA, turned a year old. The Real Estate (Regulation and Development) Act, that seeks to safeguard home buyers, was passed by Rajya Sabha on March 10, 2016 and by Lok Sabha on March 15, 2016. On May 01, 2017

ICAI issues Accounting Standard for Local Bodies

May 30, 2018 4170 Views 0 comment Print

Press Release ICAI issues Accounting Standard for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB) is formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005 to improve financial reporting for local bodies. So far, the Committee has issued thirteen ASLBs including one cash based ASLB that will facilitate transitioning from cash […]

Notification No. 25/2018-Income Tax Dated: 30th May, 2018

May 30, 2018 1677 Views 0 comment Print

S.O. 2289(E).— It is hereby notified for general information that the organization M/s Indian Institute of Science Education and Research, Kolkata (PAN:- AAAAI2170E) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

Special GST Refund Fortnight from 31.05.2018 to 14.06.2018

May 30, 2018 3720 Views 0 comment Print

Special Refund Fortnight to be organized from 31.05.2018 to 14.06.2018 in which Center and State GST officers will strive to clear all GST refund applications received on or before 30.04.2018.

MCA proposes to strike off the name of 1171 LLPs (Read List)

May 30, 2018 10596 Views 3 comments Print

Registrar has a reasonable cause to believe that following 1171 LLPs have not been carrying on any business or operation for a period of two immediately preceding financial years.

Govt to issue pending IGST refund on the basis of undertakings/ submission of CA certificates

May 29, 2018 20520 Views 5 comments Print

Following procedure is being prescribed to overcome the problem of GST / IGST refund blockage. This would be an interim solution subject to undertakings/ submission of CA certificates by the exporters as given below and post refund audit scrutiny.

Oil price reverses ……but!

May 29, 2018 1809 Views 0 comment Print

After almost two months of turmoil, oil prices recorded a sharp reversal in the last three trading sessions. As Russia and Saudi Arabia deliberated on an increase in oil output of 1mn/bpd to offset the supply reductions from Iran and Venezuela, Brent crude fell to $75.34/bbl., down almost 6% from the peak of $80/bbl. reached earlier in May.

Govt/Authority providing services to other Govt/Authority is exempted from GST: AAR

May 29, 2018 4770 Views 0 comment Print

Now the issue to be decided whether the services received by the applicant from IIT, Mumbai is liable to GST or not In this context, we find that serial no. B of Part 3 of GST Tariff- Services [ Chapter 99] provides the list of nil rated/ fully exempted services. On going through the said list, we find that Government/Authority providing services to other Government/Authority is exempted from GST.

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