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GST department started sending notice to GST Return Defaulters

February 16, 2018 17079 Views 0 comment Print

Being a registered taxpayer. you are required to furnish return for the supplies made or received and to discharge resultant tax liability for the aforesaid tax period by due date. It has been noticed that you ha‘e no: tiled the said return till date.

Draft Companies (Beneficial Interest and Significant Beneficial Interest) Rules, 2018

February 15, 2018 4830 Views 1 comment Print

In exercise of the powers conferred by Section 89 and Section 90, read with sub-section (1) of section 469, of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules

Draft Companies (Prospectus and allotment of Securities) Amendment Rules, 2018

February 15, 2018 2703 Views 0 comment Print

Suggestions/ comments on the draft rules along with justifications in brief may be sent latest by 07.03.2018 through email at comments pvt.place@mca.gov.in It is requested that the name, contact number, email address and postal address of the sender be indicated clearly at the time of sending suggestions/comments in the following format

Impact of GST on restaurant industry is largely positive: Grant Thornton report

February 15, 2018 20019 Views 0 comment Print

Business owners from restaurant industry in Mumbai and Bengaluru believe that the impact of Goods & Services Tax (GST) is largely positive. According to a report by Grant Thornton in India –  Bon Appétit – Emerging trends, opportunities and challenges in Indian restaurant industry, 70 per cent of the restaurant owners believe GST is a […]

PNB issue Caution Notice in Suspected Fraud case; Discloses Modus-Operandi of Suspected Fraud

February 15, 2018 21972 Views 10 comments Print

It has been reported through a preliminary investigation that the suspected fraud has been carried out by the perpetrators in collusion with the staff at one of our branches in Mumbai. Apparently, the modus operandi adopted was as under:

Compendium of Judicial Pronouncements (Relevant under GST Regime)

February 14, 2018 3813 Views 0 comment Print

New Book on GST Namely Compendium of Judicial Pronouncements (Relevant under GST Regime) Authored by Dr. Sanjiv Agarwal and published by Bloomsbury Publishing India Pvt. Ltd. Book is priced Rs. 1995/- and have 1150+ Pages.

Government of India makes Amendments in Small Savings Act

February 14, 2018 1701 Views 1 comment Print

As per PPF Act, the PPF account can’t be closed prematurely before completion of five financial years. If depositor wants to close PPF account before five years in exigencies, he can’t close the account. To make provisions for premature closure easier in respect of all schemes, provisions could now be made through specific scheme notification. The benefits of premature closure of Small Savings Schemes may now be introduced to deal with medical emergencies, higher education needs, etc.

CBI Arrests an ITO While Accepting Bribe Of Rs. 40,000/-

February 13, 2018 3654 Views 0 comment Print

The Central Bureau of Investigation has arrested an Income Tax Officer, Bhadrak (Odisha), while demanding & accepting a bribe of Rs. 40,000/- from the complainant.

Budget 2018-19 puts a premium on honest investment: Piyush Goyal

February 13, 2018 1497 Views 0 comment Print

NEW DELHI, 12 February 2108: Union Minister of Railways Mr. Piyush Goyal today said that Budget 2018-19 proposals were aimed at removing the structural impediments to attain long term growth, a budget that rises above populism and puts a premium on honest investment towards building a New India.

ICAI elects President and Vice-President for the year 2018-19

February 13, 2018 4812 Views 0 comment Print

 CA. Naveen N. D. Gupta elected as President, ICAI & CA. Prafulla Chhajed as Vice-President, ICAI for the year 2018-19. CA. Naveen N. D. Gupta, President ICAI for 2018-2019 A man of professional wisdom, vision and strong organisational skills with a firm belief in inclusive growth of Indian accountancy profession, CA. Naveen ND Gupta has […]

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