One of the big challenges which the Organisation of Economic and Cooperation Development (OECD) face is the shifting of the base of the profit by various global entities. By using the treaty benefits such entities can either save or avoid paying taxes.
Important operational issues pertaining to Special Economic Zones (SEZs) / Export Oriented Units (EOUs) during the prevailing lockdown for COVID-19 -reg.
NFRA proposes to prescribe the procedures to be followed by all entities regulated by NFRA for submission of Audit Files to NFRA. NFRA invites comments from regulated entities on the procedure described in this draft document in Annexure A.
In re Sri Malai Mahadeshwara Swamy Kshethra Development Authority (GST AAR Karnataka) 1. Regarding question no.1 related to the auctioning for collection of vehicle entry fees, question no.4 related to auctioning of service of tonsuring the heads of devotees, question no.8 related to the auctioning of right to collect service charges and question no. 10 […]
Trade and Industry is advised to send their applications for grant of Free Sale and Commerce Certificate at the official email ID of the concerned RA as per the format given in ANF 21-I. The fee payment needs to be done through the e-MPS system.
In view of the difficulties expressed by certain banks in the matter of conducting Statutory Branch Audit in PSBs on account of lockdown situation prevailing due to the spread of COVID-19 in the country, the matter was examined by RBI.
INDIAN REVENUE SERVICE ASSOCIATION ALL INDIA BODY Ref: 007/2020 Date: 23.04.2020 To, The Chairman & the Members CBDT, North Block New Delhi Sir/Madam, The CBDT has sought feedback from our field formations across India on the ideas for revival across various sectors of the economy. While the combined feedback would certainly assist in determining the […]
Central Government had introduced a Scheme titled Transport and Marketing Assistance (TMA) for Specified Agriculture Products. In this scheme it is now provided that Assistance for products exported by air would be based on per kilogram freight charges on net weight of the export cargo, calculated on full kilogram basis, ignoring any fraction thereof. It […]
Registration for TCS taxpayers: Registration in a State/ UT with address of Head Office – changes in Form GST REG-07 The GST law requires an entity to obtain registration for TCS in each State/UT, where it has an obligation to collect TCS. The E-Commerce operators were facing a challenge of having to obtain registration as […]
Q 1. Whether a Firm of Chartered Accountants can accept Audit of a branch of a bank, while one of the partners of the said Bank have taken loan from a different branch of the Bank ? Ans. No, the Firm of Chartered Accountants cannot accept branch Audit of the Bank if one of the partners have taken the loan from any branch of that bank. The members should not place themselves in position which would either compromise or jeopardize their independence.
