Daily Archives: November 1, 2017

Country-by-Country reporting : CBDT notifies rules

By | November 1, 2017

CBDT notifies rules in respect of Country-by-Country reporting and furnishing of Master File In keeping with India’s commitment to implement the recommendations of 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country Reporting”, identified under the OECD Base Erosion and Profit Shifting (BEPS) Project, section 286 of the Income-tax Act, 1961 (‘the Act’) was… Read More »

Consolidation of Public Sector Banks : Govt of India approved framework

By | November 1, 2017

Approval of framework for consolidation of Public Sector Banks An Alternative Mechanism for consolidation of the Public Sector Banks (PSBs) has been constituted under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley. The composition of the Alternative Mechanism will be as under: Chairperson: Shri Arun Jaitley, Minister of Finance… Read More »

Electronic Sealing for Containers by exporters : circular 41/2017 Custom

By | November 1, 2017

Circular No 41 / 2017-Customs Implementing Electronic Sealing for Containers by exporters under self-sealing procedure prescribed by circular 26/2017-Cus dated 1st July 2017, circular 36/2017 dated 28.8.2017 and 37/2017 dated 20.9.2017 – reg. Circular No. 41 / 2017-Customs F. No: 450/08/2015-Cus.IV Government of India Ministry of Finance Dept. of Revenue Central Board of Excise and… Read More »

GST News 01.11.2017 by TaxHeal

By | November 1, 2017

GST News 01.11.2017 by TaxHeal   Related GST Video Tutorials Download TaxHeal Mobile App 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 »

Assessee registered under GST as Proprietor instead of Partnership firm : No Penalty : High Court

By | November 1, 2017

HIGH COURT OF ALLAHABAD Sachdeva Overseas v. State of U.P. PANKAJ MITHAL AND UMESH CHANDRA TRIPATHI, JJ. WRIT TAX NO. 630 OF 2017 SEPTEMBER  8, 2017 ORDER 1. The petitioner is a partnership firm. 2. On the enforcement of the GST, it got itself migrated for the purposes of GST as a partnership firm but instead of issuing registration… Read More »

Income tax (Twenty fourth Amendment) Rules 2017

By | November 1, 2017

Income tax (Twenty-fourth Amendment) Rules 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st, October, 2017 INCOME-TAX S.O. 3497(E).— In exercise of the powers conferred by proviso to sub-section (1) of section 92D and subsection (8) of section 286 read with section 295 of the Income-tax Act,… Read More »

Tax Audit date Extension till 07.11.2017 for AY 2017-18 : CBDT Order

By | November 1, 2017

Tax Audit date Extension till 07.11.2017 : CBDT Order F.No 225/270/2017/ITA.II Dated 31st October 2017 CBDT further extends the due date for filing Income Tax Returns and reports of Audit for AY 2017-18 from 31st October 2017 to 7th November 2017. CBDT Order for Tax Audit date Extension for FY 2016-17   Download TaxHeal Mobile… Read More »

Hand Book on GST for Service Providers :Download : by ICAI Indirect Tax Committee

By | November 1, 2017

Hand Book on GST for Service Providers Gaps in erstwhile indirect taxes law are sought to be overcome by Goods and Services (GST) law which provides utilization of cross credit across goods vs services or vice versa, ambiguity of analysing a transaction to be exigible to erstwhile service tax or VAT has been resolved by… Read More »