Competition Commission of India (CCI) issues order against Board of Control for Cricket in India (BCCI) for abuse of dominant position for imposing restriction that deny access to the market for organization of Professional Domestic Cricket League/ Events; Imposes penalty of Rs. 52.24 crore on BCCI for the Anti-Competitive conduct.
Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit; Errors by exporters while filing their returns are the sole reason for delay in grant of refunds or rejection thereof; The Government of India has taken various measures to alleviate difficulty and is fully committed to provide Speedy disbursal of Refunds due to exporters.
It has come to the notice of Reserve Bank of India (RBI) that some Co-operative Societies are using the word Bank in their names. This is a violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the B.R.Act, 1949).
Government of Maharashtra, hereby appoints the 1st day of July, 2017, as the date on which the provisions of sub-rule (i), (ii), (iii), (iv), (v), (vi) and (vii) of rule 2 of the Maharashtra Goods and Services Tax (Sixth Amendment) Rules, 2017, shall come into force.
Commissioner cannot refuse to entertain a revision petition filed by the assessee under Section 264 of the Act if it is maintainable on the ground that a similar issue has arisen for consideration in another year and is pending adjudication in appeal or another forum.
Because of the first time requirement of paying IGST on transfer of goods from one state to another state even within the same company, there was an additional cash flow of IGST in the first 3 months. As and when the final transaction of these goods takes place, the credit for IGST is being utilized for payment of SGST and CGST and therefore, the inflow of new taxes is low;
The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27th November, 2017.
Buying a life insurance policy is the most convenient way to ensure the financial security of your loved ones. If you are planning to buy a life insurance policy, the amount of premium payable will be your major concern. The amount of premium is decided by the insurance companies considering various factors. While insurance companies […]
Negative flags on your credit report not only remind you of your past financial mistakes but they also ruin your future financial plans. Whether the negative remarks occur due to your own mistakes or due to the negligence on the part of the credit bureau, you must make efforts to get rid of them. After all your credit report affects the most important financial measure, that is the credit score.
APPLICATION FOR EMPANELMENT OF STOCK AUDITORS WITH INDIAN OVERSEAS BANK (IOB) Issued Date- 20/11/2017 – 10:00AM Last Submission Date- 30/11/2017 – 5:00PM Indian Overseas Bank invites application, in the prescribed format, for empanelment of firms of Chartered Accountants for Stock Audit. The firms fulfilling the criteria* may apply (Details are available on Bank’s website www.iob.in […]
