Petitioner Sajeev Ezhava, filed public interest litigation before Hon’ble Gujarat High Court contending that the parking fee collected by malls and commercial establishments is illegal and against the basis of exempting them from municipal taxes.
SA 701 is applicable for audits of financial statements for periods beginning on or after April 1, 2018 (i.e. for audits of financial year 2018-19 & onwards).
Central Government, having regard to the national interest, hereby notifies the following foreign companies and agreement, for the purposes of clause (ii) of the proviso to clause (48A) of section 10 of the Income-tax Act, 1961
In case the due date of filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013 expires after 30/06/2018, the additional fee @Rs.100 per day shall become payable in respect of MGT-7, AoC-4, AoC-4 XBRL and AoC-4 CFS.
Policy condition for import of old/used and new automotive mining equipments, oil rigging equipments for operation in captive mines/ oil rigging areas and other vehicles for research and development purposes is introduced.
The 27th meeting of GST Council was held in New Delhi on May 4, 2018. The below information is uploaded on GST Council’s decision and it will be subject to further vetting during which the information may undergo some changes. Key takeaways from such meeting are as under:-
These rules may be called the Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2018. They shall come into force on the date of their publication in the official Gazette.
Registrar shall allow fifteen days’ time for re-submission in case of reservation of a name through web service – RUN for rectifications of defects if any.
Provisions of e-way bill rules for intra-state movement of goods (movement of goods which commences and terminates within Assam) shall be effective from 16th day of May, 2018.
13. Special Resolution.- A resolution passed at a general meeting in terms of sub-section (3) of section 186 to give any loan or guarantee or investment or providing any security or the acquisition under sub-section (2) of section 186 shall specify the total amount up to which the Board of Directors are authorised to give such loan or guarantee, to provide such security or make such acquisition:
