The Tax Policy, which feels the pulse of the public and addresses their concerns while raising taxes for the Government is considered as the most progressive one. On the other hand, if it ignores the ground reality, it arouses adverse public sentiments.
IBBI amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 on 25 July 2019 vide Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2019. The amendments specify the process for withdrawal of applications before constitution of CoC, after constitution of CoC […]
1) These regulations may be called the Insurance Regulatory and Development Authority of India (Re-insurance Advisory Committee) Regulations, 2019. 2) They shall come into force on the date of their publication in the Official Gazette.
Applicability of GST on partially completed flats i.e. a) Partially completed flats having identified customers before GST regime b) Partially completed flats, where customers are identified after implementation of GST regime, and c) Partially completed flats, where no customers are identified.
Whether providing research report on activity carried out as a study of a chemical or biological entity that is still in research stage and not yet a product and is supplied by party located outside India is export of service as per subsection 2 of section 13 of the IGST Act,2017 and considered as Zero rated supply of service ? But the Applicant requested to permit them to withdraw the application filed for advance ruling vide their letter dated 15-07-2019.
Finance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payers and to deal firmly with Tax evaders
Board has received representations wherein various exporters and organisations have raised the issue of repeated opening of export containers for 100% examination related to risky exporters, under the new procedure laid down in Circular 16/2019-Customs dated 17.06.2019. Exporters have taken the plea that their cargo is getting delayed and they have to incur additional costs for carrying out re-packing.
Ministry of Home Affairs Govt. Issues strict direction to deal with fugitive economic offenders Posted On: 24 JUL 2019 -PIB Delhi The Government issued directions to deal with wilful bank loan defaulters or fugitive economic offenders. For this a Look Out Circular(LOC) can be opened by the Bureau of Immigration in respect of Indian citizens […]
Article covers salient features of new tax structure recommended for real estate sector, i.e, construction service. It discusses the applicability of GST on various projects depending on nature of the project (REP, RREP). It also discusses the taxability based on the progress of construction (on going project, new project). Precisely, this book covers the applicable GST on residential, commercial constructions, affordable housing and the guidelines and requisite conditions as envisaged in Notifications Nos. 03/2019-CTR to 08/2019-CTR (all dated 29.03.2019). However, this book does not discuss the taxability of Works Contract Service.
FDI policy on Single Brand Retail Trade(SBRT) has been in operation since 2006. From 2006 till 29.03.2018, 112 brands have obtained approval of Government for SBRT activities.
