Monthly Archives: April 2017

Section 126 CGST Act 2017 General disciplines related to penalty.

By | April 20, 2017

Section 126 CGST Act 2017 [ Section 126 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 126 CGST Act 2017 explains General disciplines related to penalty and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Goods and Service Tax – Ready Reckoner

By | April 20, 2017

Goods and Service Tax – A Ready Reckoner Paperback – 2017 by Vineet Sodhani (Author), Deepshikha Sodhani (Author) A Quick and Tabular Guide to the Provisions of GST Law Incorporating : The Central Goods And Services Tax Act, 2017 The Integrated Goods And Services Tax Act , 2017 The Union Territory Goods And Services Tax Act,… Read More »

USA IRS RP-17-30: Changes in accounting periods and in methods of accounting

By | April 20, 2017

Revenue Procedure 2017-30 provides the list of Automatic Changes to which the automatic change procedures in Rev. Proc. 2015-13, 2015-5 I.R.B. 419, as clarified and modified by Rev. Proc. 2015-33, 2015-24 I.R.B. 1067, and as modified by Rev. Proc. 2016-1, 2016-1 I.R.B. 1, (or successor) apply. Revenue Procedure 2017-30 will be published in IRB 2017-17… Read More »

USA IRS Seeks Applications for Information Reporting Program Advisory Committee

By | April 20, 2017

IRS Seeks Applications for Information Reporting Program Advisory Committee WASHINGTON – The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee (IRPAC), a federal advisory committee that provides recommendations to the IRS on various tax administration issues. Members are appointed to three-year terms, but terms are staggered so that approximately… Read More »

Govt decides to do away with beacons for all categories of vehicles

By | April 20, 2017

Press Information Bureau Government of India Ministry of Road Transport & Highways 19-April-2017 15:56 IST The Government decides to do away with beacons for all categories of vehicles With a view to strengthening healthy democratic values in the country, the Central Government took another historic step today. The Union Cabinet, in its meeting chaired by… Read More »

PMGKY – Date for deposit in Bonds Ledger Account extended

By | April 20, 2017

Press Information Bureau Government of India Ministry of Finance 19-April-2017 19:48 IST Central Government amends Pradhan Mantri Garib Kalyan Deposit Scheme through a Notification. In exercise of the powers conferred by clause (c) of Section 199B of the Finance Act, 2016 (28 of 2016), the Central Government has amended through a Notification the conditions specified… Read More »

Depreciation allowed on landscape expenses on uneven leasehold land

By | April 19, 2017

Held The assessee has incurred the landscape expenses on the leasehold land situated at Sikkim Unit to level the uneven land for construction of factory building. Since the same has been disallowed as capital in nature, the same should be included in the block of building and the assessee would be entitled for depreciation @10%.… Read More »