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ITD searches about 2534 groups of persons

March 25, 2017 2079 Views 1 comment Print

ITD conducted searches in about 2534 groups of persons led to admission of undisclosed income of about Rs. 45,622 crore apart from seizure of undisclosed assets (cash, jewellery etc) worth about Rs. 3,625 crore

Know your Registration Status under GST

March 24, 2017 21603 Views 1 comment Print

The taxpayer may now check their exact status regarding the registration under GST regime Statewise either based on Registration Number or Provisional Id or Permanent Account Number.

GST Working Groups formed to address concerns of Trade and Industry

March 24, 2017 1911 Views 0 comment Print

With the finalization of the Model GST Laws by the GST Council, stage has been set for the introduction of GST as per the deadline indicated by the Council.

United Kingdom (UK) Value Added Tax (VAT) Compliance for Selling Through Amazon FBA

March 24, 2017 1584 Views 0 comment Print

If you sell goods in United Kingdom, it is likely that you will be required to register for Value Added Tax (VAT). VAT in the United Kingdom is a tax on consumer spending.

Unclaimed Deposits in Banks and Insurance Companies

March 24, 2017 1650 Views 1 comment Print

(i) All insurers are required to display the information about any unclaimed amount above Rupees 1000/- of Policyholders in their respective web-site. (ii) A facility shall be given in the web-site of the insurer to enable Policyholders / or its dependents to find out whether any unclaimed amounts due to them are lying with the insurer.

CCI order against CIL and subsidiaries for abusing dominant position

March 24, 2017 1308 Views 0 comment Print

Competition Commission of India (CCI) has found Coal India Limited (CIL) and its subsidiaries to be in contravention of the provisions of Section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair/ discriminatory conditions in Fuel Supply Agreements (FSAs) with the power producers for supply of non-coking coal.

Malayalam Movie Artist Association & others violated Competition Law

March 24, 2017 975 Views 0 comment Print

CCI finds the conduct and practice of Association of Malayalam Movie Artists (AMMA), Film Employees Federation of Kerala (FEFKA), FEFKA Director’s Union, FEFKA Production Executive’s Union and their five Office Bearers to be in contravention of the Competition Law. The Informant, T. G. Vinayakumar, a movie director, had approached CCI alleging anti-competitive conduct by the […]

SEBI bars ‘Reliance Industries’ from accessing equity market

March 24, 2017 1464 Views 1 comment Print

Going by the facts narrated by Noticee No. 1, liquidation of 5 % stake was decided. The same had to be done in an orderly manner. There was no outer time fixed for liquidation. Being guided by the analysts reports and the price trends of the scrip, Noticee No. 1 decided to start the sale in November 2007.

Revisit Provisions Regulating Disciplinary Control Over Lawyers: SC

March 24, 2017 621 Views 0 comment Print

Supreme Court Directs Law Commission of India to Revisit the Provisions Relating to Regulation of Disciplinary Control Over Lawyers Under the Advocates Act

Promotion of Digital/Cashless Transactions by Government

March 24, 2017 615 Views 1 comment Print

The data on payment system indicators such as Paper Clearing, National Electronic Fund Transfer (NEFT) and National Automated Clearing House (NACH), registered growth in December, 2016 as compared to November 2016. However, the same showed a decline in January 2017 as compared to December 2016. • Immediate Payment Service (IMPS), Unified Payment Interface (UPI) and […]

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