Under Indirect Tax Laws, classification is the categorization of goods or services crucial to ascertain whether a subject matter is exigible to tax, exemption, rate of tax etc. In GST regime, classification of goods has to be in accordance with Customs Tariff Act which is based on the Harmonized System of Nomenclature (HSN). The classification […]
Today CBIC released Draft Format of Monthly and Quarterly Simplified GST returns. This brief note lists the salient features of the new GST return format and business process for the information of trade and industry and other stakeholders.
Result of Chartered Accountants Intermediate (New) Examination Held in May – 2018 and Result of Chartered Accountants Intermediate (IPC) Examination Held in May – 2018 with Pass Percentage and Toppers. 1. Result / Pass Percentage Of Chartered Accountant Intermediate (IPC) Examination Held In May – 2018 The result of the Chartered Accountants Intermediate (IPC) Examination […]
The CBDT has issued a directive to All Pr. Chief Commissioners of Income Tax seeking details of 2 least performing CsIT (Appeals). It is not specified as to what constitutes least performing. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 27th July, 2018 To, All Pr. Chief […]
CBIC issues 28 Notification Related to GST Rates on Goods & Services on 26th July 2018 which are effective from 27th July 2018. Notifications include Notification No. 2/2018-Compensation Cess (Rate), Notification No. 13 to 21/2018-Central Tax (Rate), Notification No. 14 to 22/2018-Integrated Tax (Rate) and Notification No. 13 to 21/2018-Union Territory Tax (Rate). Please Check- […]
The Special Judge for CBI Cases, Mumbai has convicted Shri Dayashankar, the then Commissioner Income Tax (Appeals), Bandra Kurla Complex, Mumbai and sentenced him to undergo 04 years Rigorous Imprisonment with fine of Rs.2,50,000/- in a bribery case.
Campus Placement Programme for Newly Qualified Chartered Accountants August-September, 2018. Registration for May’18 pass out candidates begins on and from 24th July 18.
POST-BUDGET MEMORANDUM – 2018 1. INTRODUCTION 1.0 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Post-Budget Memorandum to the Government. 1.1 In this memorandum, we have suggested certain amendments to the proposals contained in the Finance Bill, 2018 which would help the Government to achieve the […]
urrently, in voluntary delisting an issuer/promoter has to first take the approval of shareholders of that class, then an in-principal approval of the stock exchange followed by RBB Process to discover the price. The promoter may choose to pay a price equal to or more than the discovered price to the shareholders who had tendered their shares in the RBB process.
BCAS has made a representation for Simplification of GST for Small and Medium Enterprises (SME) which includes recommendations on Compulsory Registration required for agents , Registration Threshold, Reverse Charge Mechanism, Composition Scheme, Input Tax Credit, E-Way Bill Process etc.
