Monthly Archives: March 2018

Division of assesses under GSTN

By | March 14, 2018

Ministry of Finance Division of assesses under GSTN Posted On: 13 MAR 2018 4:48PM by PIB Delhi            The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of migrated taxpayers in… Read More »

RBI Discontined LOU and LOC for Trade Credits

By | March 14, 2018

Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits RBI/2017-18/139 A.P. (DIR Series) Circular No. 20 March 13, 2018 All Authorised Dealer Category – I Banks Madam/ Sir Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits Attention of Authorised Dealer Category – I (AD… Read More »

Category: RBI

Circular No 36/10/2018 GST : Refund applications of UIN entities

By | March 13, 2018

Circular No 36/10/2018 GST Processing of refund applications for UIN entities vide Circular No 36/10/2018 GST Dated the 13th March, 2018 F. No. 349/48/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing Circular No 36/10/2018 GST New Delhi, Dated the 13th March, 2018 To, The Principal Chief… Read More »

Foreign law firms/ lawyers can not practice in India : Supreme Court

By | March 13, 2018

SUPREME COURT OF INDIA Bar Council of India v. A.K. Balaji & Ors. ADARSH KUMAR GOEL AND UDAY UMESH LALIT, JJ. CIVIL APPEAL NOS.7170, 7875-7879 AND 8028 OF 2015 MARCH  13, 2018 JUDGMENT Adarsh Kumar Goel, J. – The issue involved in this batch of matters is whether foreign law firms/lawyers are permitted to practice in India. Reference… Read More »

Fugitive Offender Bill 2018 : Download ( As introduced in Lok sabha )

By | March 13, 2018

Fugitive Offender Bill 2018 The Govt. of India has introduced the Fugitive Offender Bill, 2018 to attach assets of offenders. The Offender Bill will provide measures to deter fugitive offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts. STATEMENT OF OBJECTS AND REASONS There have been several… Read More »

ICAI Advisory for Members in case of Bank Audits 

By | March 12, 2018

Institute of Chartered Accountants of India Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits  1   As you are aware that ICAI has issued Standard on Auditing (SA) 299, “Responsibility of Joint Auditors”. Regarding allocation of work among the joint auditors, SA 299 provides as follows: “Division of… Read More »