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MVAT: Restoration of notification dt. 26/08/2009 regarding e-704

October 10, 2018 1518 Views 0 comment Print

Commissioner of Sales Tax, Maharashtra State, Mumbai, (a) rescinds the Notification No. VAT/AMD-2018/1B/ADM-8, dated the 5th June 2018 and shall deemed to have been always rescinded with effect from the 5th June 2018.

Transfer/Posting (Local Change) of 116 officers in CIT grade

October 9, 2018 2097 Views 0 comment Print

Office Order No. 169 of 2018 The following transfers/postings (Local Change) in the grade of Commissioners of Income-tax are hereby ordered, with immediate effect and until further orders:

Blockchain Technology

October 9, 2018 4029 Views 3 comments Print

CA. Ankit Danawala Toolkit for future Finance Professionals, Accountants and Auditors “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work and relate to one another. In its scale, scope and complexity, the transformation will be unlike anything humankind has experienced before.” – by Klaus Schwab INTRODUCTION […]

Principal-agent relationship under Schedule I of HGST Act

October 9, 2018 1440 Views 0 comment Print

In terms of Schedule I of Haryana Goods and Services Tax Act, 2017, supply of goods by an agent on behalf of the principal without consideration has been deemed to be a supply.

Gold Monetisation Scheme- Who are eligible to make deposit

October 9, 2018 816 Views 0 comment Print

Govt amends List of Persons Who are eligible to make deposit under Gold Monetisation Scheme. Resident Indians including Individuals, Hindu Undivided Families, Trusts including Mutual Funds or Exchange Traded Funds which are registered under the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996,

PIL in Kerala HC for 3 Month extension of Tax Audit Due Date

October 9, 2018 9279 Views 0 comment Print

Plywood and Allied Products Dealers Association of India Vs. UOI & Ors (Kerala High Court) The Petitioner is an association of plywood and allied product dealers and the 2nd petitioner is a member of that  association, they have filing  Public Interest Litgation praying for a general Order of extension of the “due dates” for filing the Tax Audit Report(TAR) and […]

GST Appellate Authority for Advance Ruling in Union territories

October 8, 2018 1287 Views 0 comment Print

Central Government, hereby, notifies the Constitution of the Appellate Authority for Advance Ruling in the Union territories vide Notification No. 15/2018-Union territory Tax Dated: 8th October, 2018.

CBIC Constitutes GST Authority for Advance Ruling in Union territories

October 8, 2018 1422 Views 0 comment Print

Central Government, hereby, notifies the Constitution of the Authority for Advance Ruling in the Union territories vide Notification No. 14/2018-Union territory Tax Dated: 8th October, 2018.

Impact of Increase In Non-Performing Assets In Bank– Comparative Analysis of Public Sector And Private Sector Banks In India

October 8, 2018 33516 Views 1 comment Print

The banking system plays a vital role in the finance sector. Without the sound and efficient system of the bank will lead to a healthy economy. The Narasimhan committee introduced the concept of non- performing assets. And it is the best way for judging the status of the bank.

Kerala HC directs CBDT to consider representation for Further Extension of Tax Audit Due Date

October 8, 2018 3207 Views 0 comment Print

Petitioner highlighted the difficulties faced by them in filing returns before the last date because of the recent flood ravage in Kerala State. So they wanted the last date for the filing of returns extended to 31.12.2018. The Department has, however, extended the period till 15.10.2018. Reckoning that period to be inadequate, the petitioners have filed this writ petition.

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