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CBEC continues Anti-dumping duty on imports of “Melamine

October 6, 2017 2181 Views 0 comment Print

Notification No. 47/2017-Customs (ADD) Seeks to continue imposition of anti-dumping duty on imports of Melamine originating in or exported from European Union, Iran, Indonesia and Japan

Country-by-Country reporting & furnishing of master file- Draft TP rules

October 6, 2017 2916 Views 0 comment Print

It is proposed to insert rulac 10DA, 10DB and form nos. 3CEBA to 3CEBE in the Income-tax Rules, 1962 (`the Rules’), laying down the guidelines for maintaining and furnishing of transfer pricing documentation in the Master File and Country-by-Country report. In this regard, the following guidelines are proposed to be prescribed:

One Suspicious Company found having with 2134 Bank A/cs

October 6, 2017 9009 Views 2 comments Print

Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year;

EPFO introduces free Aadhaar based e-Sign on its website

October 6, 2017 7809 Views 1 comment Print

EPFO has now introduced the free Aadhaar based e-Sign in addition to DSC to be used by Employers. It is very easy to use in comparison to DSC. Authorised signatory of establishments whose DSC is already registered can directly activate their e-Sign by providing Aadhaar at Unified Portal.

Categorization and Rationalization of Mutual Fund Schemes

October 6, 2017 2124 Views 0 comment Print

It is desirable that different schemes launched by a Mutual Fund are clearly distinct in terms of asset allocation, investment strategy etc. Further, there is a need to bring in uniformity in the characteristics of similar type of schemes launched by different Mutual Funds.

IBBI amends regulations: Resolution Plan shall include a statement as to how it has dealt with interests of all stakeholders

October 6, 2017 684 Views 0 comment Print

Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate […]

Due dates for GSTR 1 for August 2017 is yet to be announced

October 5, 2017 99786 Views 29 comments Print

As per the Official twitter handle of the GoI for queries on GST, The dates for filling GSTR -1 for the month of August 2017 is yet to be announced and the tentative date is after the last date for filling of GSTR -3 for the month of July 2017.

Grasim & others guilty of bid rigging Delhi Jal Board tenders: CCI

October 5, 2017 4386 Views 0 comment Print

CCI issues order against Grasim Industries Limited, Aditya Birla Chemicals (India) Ltd. and Gujarat Alkalies and Chemicals Ltd. for bid rigging Delhi Jal Board tenders for supply of Poly Aluminium Chloride; Imposes penalty of Rs. 2.30 crore, Rs. 2.09 crore and Rs. 1.88 crore upon GIL, ABCIL and GACL for the anti-competitive conduct. The Competition […]

CBEC extends Facility of LUT to all exporters

October 4, 2017 30675 Views 0 comment Print

CBEC hereby specifies conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export without payment of integrated tax –

Twitter reply or FAQ by CBEC in few cases contradictory & Creating confusion: ICAI

October 4, 2017 2679 Views 0 comment Print

Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. Supply of Business Assets on which Credit has not been availed is subject to tax again Twitter has clarified that tax on the sale of capital assets is not subject to […]

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