Ministry of Finance Fake Insurance Policies Posted On: 01 JUL 2019 The Insurance Regulatory and Development Authority of India (IRDAI) has informed that as per the information provided by various insurers, the year-wise break-up of fake motor policies is as under: Fraud Monitoring Analysis – Data pertaining to fake Motor Policies Financial Year No. Amt.… Read More »
Ministry of Finance CBDT Circular Posted On: 01 JUL 2019 Central Board of Direct Taxes had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of section 56(2)(viia) of the Income-tax Act, 1961 being anti-abuse provisions shall not be applicable in cases of receipt of shares by the specified company or firm as result of… Read More »
GST Cash Ledger New Rule Notified & PMT 9 Summary: Changes in GST Cash Ledger – OIDAR cannot pay GST Challan by Electronic Accounting System in Excise and Service Tax – Now a registered person can transfer any amount of tax / interest / penalty / fee to any other head in the electronic… Read More »