CBDT has issued Explanatory Notes to the Provisions of the Finance Act, 2017 vide Circular No. 02/2018 dated 15.02.2018 clarifying section wise amendments which has been passed by Finance Act, 2017 and which are applicable for Assessment Year 2018-19 or Financial Year 2017-18 in a simple language.
Amendment to Section 89 and 90 is one of the key amendments proposed in Companies (Amendment) Act, 2017 (Amendment Act). While, the Amendment Act is being enforced in phases, stakeholders have been awaiting the draft rules in relation to Significant Beneficial Ownership (SBO).
Business owners from restaurant industry in Mumbai and Bengaluru believe that the impact of Goods & Services Tax (GST) is largely positive. According to a report by Grant Thornton in India – Bon Appétit – Emerging trends, opportunities and challenges in Indian restaurant industry, 70 per cent of the restaurant owners believe GST is a […]
It has been reported through a preliminary investigation that the suspected fraud has been carried out by the perpetrators in collusion with the staff at one of our branches in Mumbai. Apparently, the modus operandi adopted was as under:
Taxability of income earned by an assessee during the period when the project was not complete and business had not commenced has remained a debatable point in many cases.
Aegon Life Insurance brings you a unique term insurance, a first-of-its-kind product in the country which will provide life cover till you reach the age of 100. Aegon Life iTerm Insurance Plan is intended for individuals seeking financial protection for life, wish to plan a milestone event, a lump sum payout and want to leave […]
CA. Naveen N. D. Gupta elected as President, ICAI & CA. Prafulla Chhajed as Vice-President, ICAI for the year 2018-19. CA. Naveen N. D. Gupta, President ICAI for 2018-2019 A man of professional wisdom, vision and strong organisational skills with a firm belief in inclusive growth of Indian accountancy profession, CA. Naveen ND Gupta has […]
A perusal of the Regulation 39(2) in itself shows that the council has been granted a discretion to revise the marks obtained by the candidates in any particular paper/papers or aggregate, as may be considered necessary for maintaining the standards of passed percentage
The petitioner’s challenge has principally three elements viz., [a] having paid the tax under IGST Act on the entire value of imports; inclusive of the ocean freight, the petitioner cannot be asked to pay tax on the ocean freight all over again under a different notification;
1. Fill complete and correct data of export of goods in Table 6A of Form GSTR 1 of the relevant tax period. 2. File Table 6A /Form GSTR 1 for the corresponding tax period. 3. Pay your tax and File GSTR 3B return for the subject tax period. 4. While filing GSTR 3B Return for […]
