The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of a Protocol amending the Convention between India and Portugal for avoidance of double taxation. The Protocol will also ensure prevention of fiscal evasion with respect to taxes on income.
It has been informed by the Income Tax Department that the e-Filing account of the members, who have not provided their PAN details to the Institute but are using e-filing account with Income Tax Department, will be blocked by the Income Tax Authorities after April 30, 2017 in case the same is not updated.
The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges,
The Joint meeting of Bar Councils has rejected the recommendations and the proposed bill of Law Commission in toto. The Bar Councils demand the Government to throw the recommendations and bill of Law Commission in Dustbin.
Last date for submission of Application: 22.04.2017 Request for Proposal (RFP) for Appointment of Consultants for Implementation of Goods and Services Tax (GST) by Dena Bank Download Request for Proposal (RFP) Download Corrigendum – 1 to RPF Download Pre-bid Queries and Responses
Request For Proposal (RFP) For Appointment of Consultants for Implementation of Goods and Service Tax (GST) and Compliance thereof in Union Bank of India
Tender Document For Engagement Of Professional Consultant For Implementation Of Goods & Services Tax (GST) with MSTC LIMITED. Schedule of Tender, NIT, Eligibility Criteria/Evaluation Criteria, Terms and Conditions, Tender Submission, Payment Terms, etc are given below
Few Hon’ble Members of the Institute informed that they and their client companies have received letters/notices from the Courts and/or from the Cost Audit Branch or Registrar of Companies, Ministry of Corporate Affairs. These relate to purported non‐compliance with the provisions of Section 148 of the Companies Act, 2013
The high risk categories identified include businesses claiming cash sales as the source of cash deposits which is found to be excessive compared to their past profile or industry norms; large cash deposits made by government or PSU employees; persons who have undertaken high value purchases; persons who have used shell entities for layering of funds; and where no responses were received.
At this point, I urge you to take this opportunity to project our department as the prime facilitator for taxpayers in their migration to GST. This is the time to make our presence felt. Efforts made in the direction of taxpayers education and facilitation in the coming months will hold us in good stead with various stakeholders.
