For existing insurance policies, the date of linking Aadhaar is extended till the matter is finally heard and the judgment is pronounced by Hon’ble Supreme Court of India.
In this article, the GST provisions relating to anti-profiteering have been examined in the wake of initiation of anti-profiteering investigations by the Directorate General of Safeguards against various companies and a writ remedy is explored as an effective option to deal with such anti-profiteering investigations.
Based upon proposals from Exchanges and recommendations of the Risk Management Review Committee, following has been decided regarding margin benefit on spread positions:
The Goods and Services Tax regime, considered as a step in furtherance of cooperative federalism has been viewed as a fiscal framework hugely reliant on the cooperation between states and the central government.
Lease hold rights are not eligible for depreciation u/s.32(1)(ii) of the Act considering it as intangible asset and, hence, dismiss this ground of appeal of the assessee.
In the era of series of reforms and GST implementation, the government is all set to introduce E-Way Bill for movement of goods across the country. The free movement of goods across the nation without any barriers in between is one of the main aims of GST.
The issues with the GST acceptance are mainly about safeguarding the powers of states in taxation matters. Since the indirect taxes are major source of revenue for state governments so any change in this tax structure can impact the state governments adversely.
Government of India has decided that the date of closure of residual transactions for the month of March 2018 be fixed as April 10, 2018 for the Financial Year 2017-18.
The concept of GST was first mooted in the year 2000 by the Vajpayee Government. To formulate the modality of the same, the Kelkar Task Force on Fiscal Consolidation was constituted. Under the present NDA Government on the eve of 8th September, 2016
On 19.03.2018, Government of India and the Hong Kong Special Administrative Region (HKSAR) of People’s Republic of China have signed an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.
