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15 Pictures Showing Positive Impact of GST on Common Man

June 16, 2017 16515 Views 2 comments Print

Government has released these 15 Creatives which shows that under upcoming GST Regime Tax incidence will be lower on Various items of daily use by Common Man then current Indirect Tax Rate. 1. #GST will make Your pet and cattle healthier and happy. Dicalcium Phosphate (DCP) supplement of animal feed fully exempted

Tripura State Goods and Services Tax, Act, 2017

June 16, 2017 2718 Views 0 comment Print

THE TRIPURA STATE GOODS AND SERVICES TAX ACT, 2017 AN ACT to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Tripura and the matters connected therewith or incidental thereto

Insolvency Professional without Certificate of Registration?

June 16, 2017 2073 Views 0 comment Print

IBC Code read with the Regulations allow only a person having the required qualification and experience to be enrolled as a member of an IPA and thereafter registered as an IP with the IBBI. Only such a person can act as IP and render services as an IP under the Code.

Reduced Liability of Tax on complex, building, flat etc. under GST

June 15, 2017 7338 Views 3 comments Print

1. Construction of flats, complex, buildings will have a lower incidence of GST as compared to a plethora of central and state indirect taxes suffered by them under the existing regime.

Agenda of 17th GST Council Meeting to be held on 18th June, 2017

June 15, 2017 3222 Views 0 comment Print

Main agenda items of the 17th GST Council Meeting include confirmation of the minutes of the 16th GST Council meeting held on 11th June, 2017, approval of draft GST Rules and related Forms for (i) Advance Ruling, (ii) Appeals and Revision, (iii) Assessment and Audit, (iv) E-Way Bill & (v) Anti-Profiteering, and Fitment/adjustment of GST Rates on certain items among others.

West Bengal Goods and Services Tax Ordinance, 2017

June 15, 2017 3390 Views 0 comment Print

(1) This Ordinance may be called the West Bengal Goods and Services Tax Ordinance, 2017. (2) It extends to the whole of the West Bengal. (3) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint:

Notification No. 54/2017-Customs (N.T.) Dated: 15.06.2017

June 15, 2017 2286 Views 0 comment Print

Notification No. 54/2017-CUSTOMS (N.T.) Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed

No predatory pricing by WhatsApp by not charging any subscription fee

June 15, 2017 1845 Views 0 comment Print

The Informant is stated to be a Chartered Accountant and has filed the present information on behalf of Fight for Transparency Society. As per the information, OP is a provider of consumer communication services via a mobile app called ‘WhatsApp’ which is a proprietary, cross-platform,, encrypted instant messaging services for smartphones. It uses internet as a medium to send text messages, documents, images, videos, user location and audio messages to other users of WhatsApp using standard cellular mobile numbers.

CCI imposes penalty for anti-competitive conduct on Hyundai Motor

June 15, 2017 2998 Views 0 comment Print

CCI issues order against Hyundai Motor India Limited (HMIL) for anti-competitive conduct, imposes penalty of Rs. 87 crore for the anti-competitive conduct.

Reimbursement of Actual Expenditure does not attract Section 194C & 40(a)(ia)

June 15, 2017 4620 Views 0 comment Print

Ld. AR submitted that the Delhi Bench of the Tribunal in the case of ITO vs. Deepak Bhargawa in I.T.A. No.343/Del/2012 dated 13.11.2014 had clearly held that section 194C would not be applicable for reimbursement of expenditure.

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