News

Sale of Products after Introduction of GST

On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order according to which, manufacturers/packers/importers of pre-packaged commodities are to declare the revised retail sale price (MRP), by way of stamp...

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Portal to file complain against Misleading Ads

The Department of Consumer Affairs has launched an online portal called Grievance Against Misleading Advertisements (GAMA) since March, 2015 for the consumers to file complaint online against misleading advertisements appearing in newspapers, hoardings, handbills, wall writing as well as advertisements in the electronic media such as TV c...

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CBI arrests a Superintendent of Central Excise in alleged bribery case

Central Bureau of Investigation has arrested then Superintendent, Range-36, Central Excise, Nehru Place, New Delhi ( now Superintendent, GST Council, New Delhi) and a Tax Consultant (private person) in an alleged bribery....

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Second Amendment to IRDAI’s (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016

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....

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Download Free E-Book on How to Get Registered under GST

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 ...

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GST Reader (GST Made Easy)- Book by CA Bimal Jain

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. ...

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CAG Point out various Income Tax Provisions getting misused related to Medical Sector

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....

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Summary of CAG Audit Report on Audit of Medical Sector

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 asses...

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CA IPC May 2016- Pass Percentage- Top 3 rank holders

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:...

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Post GST all MRP of Urea decreased by 71 paise per bag

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....

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