Attention is drawn to IRDAI’s (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016 notified on 14th December, 2016 in the official gazette.
Registration being the first step to enter GST arena whether through migration or fresh registration. Considering the importance of registration and procedure involved into it, the Indirect Taxes Committee of ICAI, has come out with E-publication namely ‘How to get registered under GST’. This novel initiative of the Committee provides a comprehensive coverage of registration […]
This latest Book on GST comprises of two volumes to cover the subject in its entirety. Volume I covers extensive discussion on the provisions of GST Law and Rules made thereunder. Volume II consists of GST Bare Acts, Rules and all latest notifications and Circulars at one place for easy reference.
We recommend CBDT to consider prescribing measurable parameters for assessment of charitable activities undertaken by private hospital trusts as a pre-condition for granting exemptions under the Income Tax Act, and amend the Act for this purpose if necessary.
This performance audit covered the assessment of private hospitals, nursing homes/medical clinics, medical colleges/research institutes, diagnostic centres, pathological labs, medical supplies agencies/stores including those running on ‘not for-profit basis’, and healthcare delivery professionals which included cases of scrutiny assessments, appeal and rectification cases completed during the period from 2012-13 to 2015-16.
Chartered Accountants Intermediate (IPC) Examination held in May, 2017-I. Details of top three rank holders on All India Basis for Chartered Accountants Intermediate (IPC) Examination held in May, 2017 are mentioned below:
Shri Mansukh L. Mandaviya, in a written reply to a question in Lok Sabha today, informed that all India weighted average MRP of Urea decreased by 71 paise per bag.
Under the GST regime the applicable tax rate on passenger tickets for economy class has been reduced from 6% to 5% (non-creditable for goods). The tax rate for business and first class has been increased from 9% to 12% (with input tax creditable for both goods and services procured by airlines). With regard to the […]
Amendments to the Legal Metrology (Packaged Commodities) Rules, 2011 to make mandatory for Medical Devices to print MRP on the packages. Amended rules shall be applicable to e-commerce companies also: Shri Mansukh L. Mandaviya
i. About 18 lakh persons whose cash transactions did not appear in line with their tax profile were identified and approached through email/sms. ii. More than 9.27 lakh responses were received giving information on 13.33 lakh accounts involving cash deposits of around Rs.2.89 lakh crore. Out of this record number of 5.27 lakh responses were received in the first 12 days of the operation.
