The service is likely to undergo a metamorphosis with the introduction of GST. The officers of the CBEC have played a pivotal role in the framing of the GST Laws and Rules and we can all be justifiably proud.
.The basic finding of the Board of Revenue that educational qualification is required for the post of Kotwar is unsupportable by the Rules and therefore the consequent finding recorded that the petitioner has referred incorrect educational qualification (marks sheet) to support his appointment, is also liable to quashed being perverse to the record.
Implementation of Goods and Service Tax in India is the biggest tax reform that tax fraternities across the world are keenly watching. The GST in India comes with several unique features like Dual Structure, Cross Empowerment, and Matching of Input taxes at transaction level, making it complex and a compliance heavy tax reform.
Board of Studies, being the students interface with the Institute, brings out a variety of educational inputs to assist the students in their learning process. These include Study Materials, Practice Manuals, Supplementary Study Papers, Select Cases in Direct and Indirect Tax Laws and Revision Test Papers.
Transition of the unavailed Cenvat Credit as on the appointed day & eligible duties is one of the most crucial question for the Tax Payers as they want to ensure smooth carry forward / refund of the same. Below is the analysis of Transitional Provisions under CGST law as presented in Lok Sabha & transition Rules released on March 31st, 2017
The Lok Sabha on Tuesday, 21 March 2107 has passed 40 Amendments to the Finance Bill 2017. These amendments were made mainly to make the law in sync with the proposed changes in Finance Bill 2017 as well as Finance Bill 2016.
e-Form DIR-12 is required to be filed for Appointment/Resignation or in case of Change in Designation of Directors of the Company by the Company pursuant to Sections 7(1) (c), 168 & 170 (2) of the Companies Act, 2013
One of the key areas of litigation in GST will be which tax (i.e. IGST or CGST and SGST) is applicable on a transaction. Therefore, it is very important to understand the provisions of place of supply.
With effect from 1st April 2017, the Insolvency and Bankruptcy Board of India has notified the Corporate Voluntary Liquidation Process Regulations, 2016. These regulations have removed the recently faced ambiguity in winding up and liquidation of corporate persons after the recent amendments in Companies Act, 2013
HC held that The Central Government cannot direct the assessing officer to take a particular view of the matter as that would be a direct interference with his powers as an assessing officer. He has to exercise the powers in accordance with law.
