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Empanelment of CA Firms for Concurrent Audit with Dena Gujarat Gramin Bank

August 24, 2018 2946 Views 0 comment Print

Dena Gujarat Gramin Bank, invites applications on the undernoted prescribed format from practicing ‘Partnership firms of Chartered Accountants’ who fulfill the eligibility criteria as mentioned hereunder and are willing to have their Firms empanelled as Concurrent Auditors in the Bank for conducting concurrent audit of branches.

Empanelment / Appointment of GST Auditors with NHPC Limited

August 24, 2018 2097 Views 0 comment Print

NHPC Ltd. invites Expression of Interest (EOI) from Firms/LLPs of Chartered Accountants (CA) / Cost Accountants (CMA) for Empanelment/ Appointment of GST Auditors.

Extension of last date for CA exam form submission for candidates in Kerala

August 23, 2018 1113 Views 0 comment Print

Extension of the last date for submission of examination application forms in respect of CA exams to be held in November 2018, for candidates in Kerala only. Extension of the last date for submission of examination application forms in respect of CA exams to be held in November 2018, for candidates in Kerala only In […]

Arun Jaitely resumes charge of Ministry of Finance & Corporate Affairs 

August 23, 2018 666 Views 0 comment Print

The Union Minister, Shri Arun Jaitley today resumed the charge of the Ministries of Finance and Corporate Affairs after a gap of more than three months.

IRP/RP cannot allow other CA Firms to raise bill on his behalf: IBBI

August 23, 2018 1638 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (Board) issued a show-cause notice (SCN) dated 18th December, 2018 to Mr. Dinkar T. Venkatasubramanian, Ernst & Young LLP, Golf View Corporate Tower B, Sector 42,Gurugram,Haryana, 122002, who is a Professional Member of the Indian Institute of Insolvency Professional of ICAI and an Insolvency Professional (IP) registered with the Board having registration number IBBI/IPA-001/IP-P00003/2016-17/10011 in respect of authorising E & Y LLP to raise invoices for his fee and other out of pocket expenses for work undertaken by him as an Interim Resolution Professional (IRP) and Resolution Professional (RP) in the matter of JEKPL Private Limited [Company Petition No. 24/Ald/2017] for violation of the provision of section 5 (13) of the Insolvency and Bankruptcy Code, 2

Clarify on refund of GST to duty free shops on goods / Services supplied by Indian supplier: HC

August 23, 2018 1029 Views 0 comment Print

A two-judge bench of the Madhya Pradesh High Court has asked the Central Board of Indirect Taxes and Customs (CBIC) to issue a clarification regarding the leviability of the Goods and Services Tax (GST) on the goods supplied through the duty-free shops in the International Airports in India.

Intelligence based Enforcement action- Tax payers allotted to Central Tax Authorities

August 23, 2018 2361 Views 0 comment Print

It is noticed that the officers of the Department have been conducting audit of tax payers allotted to state authorities and whenever any modus operandi is noticed in evading tax in a particular trade, the audits are confined to State allotted taxpayers only leaving the tax payers allotted to central tax authorities unattended. This results in not realizing the SGST dues to the State from the taxpayers allotted to Central Tax Authorities.

Correct GST Registration applied with PAN of Partner instead of Firm: HC to GSTN

August 23, 2018 1656 Views 0 comment Print

Bengali Lal & Sons Vs State of U.P. (Allahabad High Court) Heard learned counsel for the petitioner; Shri R.C. Shukla, learned counsel for the respondents no. 5 and 6 as well as learned Standing Counsel appearing for the State-respondents no. 1 to 4. The petitioner is a partnership firm and had applied for registration under […]

MAT not payable on share income of member of AOP

August 23, 2018 3195 Views 0 comment Print

ACIT Vs M/s Om Metal Infraproject Ltd. (ITAT Jaipur) Clause (iic) inserted in Explanation 1 to section 115JB by the Finance Act, 2015 is remedial and curative in nature as it was brought in the statute to provide similar benefit to the member of the AOP which was earlier applicable to the partner of the […]

ITAT deletes Addition for Scrap on Last day of Financial Year not included in Stock

August 23, 2018 1116 Views 0 comment Print

M/s Hero Moto Corp Ltd. Vs DCIT (ITAT Delhi) As regards to Ground, relating to disallowance of cost of scrap material amounting to Rs.6.34 lacs, it can be seen that in the course of the business of manufacturing, the process generates some scrap on account of rejection of components, obsolescence of components, etc. In the […]

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