Daily Archives: October 6, 2017

GST Council meeting 06.10.2017 : 22nd Meeting : Press Conference by Arun Jaitley

By | October 6, 2017

GST Council meeting 06.10.2017 : 22nd Meeting : Press Conference by Arun Jaitley Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST… Read More »

Draft Guidelines for furnining TP documents in Master file & CBC report : CBDT

By | October 6, 2017

F. No. 370142/25/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 6th October, 2017 Subject: Framing of rules in respect of Country-by-Country reporting and furnishing of master file – comments and suggestions-reg In keeping with India’s commitment to implement the recommendations of 2015 Final Report on… Read More »

GST Issue : Exempt Supplies to include reverse charge supplies for credit apportionment

By | October 6, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 34. Exempt Supplies to include reverse charge supplies for credit apportionment Explanation to Section 17(2) of CGST Act provides that for the purposes of this sub- section, exempt supplies shall include supplies on which recipient is liable to pay tax on… Read More »

Category: GST

Amendments to IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016

By | October 6, 2017

Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017  The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate… Read More »

USA IRS : Foreign Currency Guidance under Section 987 : Notice 2017-57

By | October 6, 2017

Notice 2017-57, Foreign Currency Guidance under Section 987 Issue Number:    Notice 2017-57 Inside This Issue Foreign Currency Guidance under Section 987 Notice 2017-57 1. PURPOSE      This Notice announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to amend the regulations under section 987 to defer the applicability date of the final… Read More »

USA IRS : Mortality Tables: N-2017-60 & RP-2017-55

By | October 6, 2017

Notice 2017-60 sets forth:  (1) the mortality table to be used to determine minimum lump sums for distributions during stability periods beginning in the 2018 calendar year, and (2) updated mortality tables for 2018 determined under prior regulations.  The updated mortality tables determined under prior regulations apply to certain plans with end-of-year valuation dates, and certain… Read More »