An Insolvency Professional Entity (IPE) is recognised in accordance with regulation 12 (1) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, only if its sole objective is to provide support services to the insolvency professionals, who are its partners or directors; as the case may be.
In exercise of the powers conferred by section 252 of the Income-Tax Act, 1961, the Central Government has constituted the Income Tax Appellate Tribunal to hear appeals against the orders passed by various authorities stated in section 253 of the Act.
‘PP Leno Bags’, if specifically made from woven Polypropylene fabric using strips or the like of width not exceeding 5 mm and without any impregnation, coating, covering, or lamination with plastics, are to be classified under Tariff Sub Heading 6305 33 00.
Consignments of peas (other than Yellow Peas) imported during the period 25.4.2018 to 15.5.2018 and awaiting clearance at Customs or consignments of peas (other than Yellow Peas) with Bill of Lading prior to 16.5.2018 are permitted freely.
Please refer to circular UBD.No.BPD.PCB.Cir.12/09.29.00/2003-04 dated September 04, 2003 on ‘Guidelines for Investment Fluctuation Reserve’ issued to Primary (Urban) Cooperative Banks (UCBs), and circular RPCD.No.RF.BC.17/A.4-92/93 dated September 04, 1992 on ‘Investment Portfolio of Banks – Transactions in Securities’ and subsequent instructions in this regard issued to all State Co-operative Banks (StCBs)
The Goods and Services Tax (GST), India’s biggest reform in indirect taxes still remains a work in progress even one full year after its implementation as there are certain glitches in the network that need to be resolved, a top Telangana Government official said at an ASSOCHAM event held here today.
CA Rinky Kedia Let us all welcome ourselves to the great month of July, the month in which the biggest tax reform was introduced in our country one year ago. Post implementation of GST, the concept of Audit under GST can be considered to be the next vast and enormous concept that is going to […]
If the parties to the agreement are bound by the terms and conditions mentioned therein and the Revenue cannot interpret the said agreement in its own way to include the other costs: Coca-Cola India Inc. case
Just like making investments, saving regularly and maintaining a reserve of liquid cash is essential to ensure good financial health for your business. Also, understanding when to intervene with external funds is equally important. Whether it is a very long working capital cycle, poor cash flow management or clients failing to make payments on time, […]
M/s Gati Kintetsu Express Pvt. Ltd. Vs Commissioner, Commercial Tax of MP & others (Madhya Pradesh High Court) In the present case, the distance was more than 1200-1300 kilometers and it is mandatory for the petitioner to file the Part-B of the e-way bill giving all the details including the vehicle number before the goods […]
