Group of Ministers (GoM) constituted on issues relating to lottery In pursuance of decision in the 32nd Meeting of GST Council held on 10th January, 2019 at New Delhi, a Group of Ministers (GoM) on issues relating to lottery has been constituted. The ‘GoM for Lottery’ shall consist of the following: Sl. No. Name Designation and State […]
Competition Commission of India (CCI) imposes Penalty on Chemists and Druggists Association of Baroda The Competition Commission of India (‘Commission’) has found the Chemists and Druggists Association of Baroda (‘CDAB’) to be in contravention of the provisions of the Competition Act, 2002 (‘Act’). A complaint/information was filed with the Monopolies and Restrictive Trade Practices Commission (MRTPC) in […]
Reduction in GST on Haj Pilgrimage will Ensure Significant Decrease in air fare Shri Mukhtar Abbas Naqvi Inaugurated new Office space of Haj Division Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi today said here that for the first time after the Independence, more than 2300 Muslim women from India will go on Haj […]
Cabinet approves expenditure sanction for Integrated E-filing and Centralized Processing Centre (CPC) 2.0 Project The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to expenditure sanction of Rs.4,241.97crore for Integrated E-filing & Centralized Processing Center 2.0 Project of the Income Tax Department. The Union Cabinet also approved the expenditure […]
For various specified services, there are specific provisions provided in GST Law to determine the value of supply. These provisions have been imported from the service tax regime. The specified services and provisions for the same have been given hereunder:
Based on the suggestions of market participants and recommendations of Mutual Fund Advisory Committee (MFAC), it has been decided to permit mutual funds to write call options under a covered call strategy as prescribed below:
Securities and Exchange Board of India Consultation paper on design of commodity indices and product design for futures on commodity indices 1. Objective 1.1. The objective of this consultation paper is to seek comments / views from the public on commodity index design and product design for futures on commodity indices. 2. Background 2.1. In […]
Insurance Regulatory And Development Of India Ref. No: IRDA/RI/GDL/MISC/012/01/2019 Date: 16-01-2019 IRDAI (International Financial Service Centre Insurance Intermediary Offices) Guidelines, 2019 Guidelines Insurance Regulatory and Development Authority of India (International Financial Service Centre Insurance Intermediary Offices) Guidelines, 2019 Guidelines Reference No. IRDA/RI/GDL/MISC/012/01/2019, dated 16-01-2019 CHAPTER – I 1. Objective: The aim of these Guidelines is to grant […]
Prabhudas Liladhar P. Ltd. Case: Once The Whole Basis Of Addition Itself As Made By The AO In Quantum Has Been Deleted By The Tribunal And Expenses Were Related To The Business Penalty Levied By The AO Under Section 271(1)(c) Deleted
The GST Council, in its 32nd. meeting, approved the proposal to extend migration for taxpayers for a second time (Central Tax Notification No. 67/2018 and State Notification No. 1890 F.T. both dt. 31.12.2018), who received provisional IDs but could not complete the migration process even after activating PART A of the migration form. In order […]
