18% GST on Liquidated Damages: Appellate Authority upholds AAR Order* [Read Order]
Read more at: http://www.taxscan.in/18-gst-liquidated-damages-appellate-authority-upholds-aar-order/28616/
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Goods Transported without E-Way Bill: Gujarat HC refuses to release Vehicle since Petitioner is a Habitual Offender* [Read Order]
Read more at: http://www.taxscan.in/goods-transported-e-way-bill-gujarat-hc-release-vehicle-petitione-habitual-offender/28625/
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👉🏻DIR 3 KYC may be filed till 5th October with a fees of Rs.500
(During the FY (2018-2019), fee of rupees five hundred shall be payable from 21.09.2018 to 05.10.2018 and fee of rupees five thousand shall be payable on or after 06.10.2018.)
👇🏻 👇🏻 👇🏻
https://goo.gl/6Br3bZ
👉🏻SEBI has rights to regulate auditors for activities under its regulations - MCA
(SEBI is well within its rights to have a regulatory control over auditors with respect of certifications which are required by SEBI under their Act and their regulations - MCA)
👇🏻 👇🏻 👇🏻
https://goo.gl/xeE8gm
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NAA imposes Penalty on Builder for not passing GST Benefit to Flat Buyers* [Read Order]
Read more at: http://www.taxscan.in/naa-imposes-penalty-builder-nosing-gst-benefit-flat-buyers/28541/
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Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that no penalty can be initiated against the assessee under section 271(1)(c) of the Income Tax Act, 1961 for a bonafide mistake committed on the part of the Chartered Accountant. ALP Overseas Pvt. Ltd Vs DCIT.
Amazon, Google, Apple and other foreign companies operating in the ecommerce space will have to register themselves for GST in all the states in the next 10-12 days. The government has said ecommerce companies need to collect tax at source from October 1.
RBI eased norms for companies in the manufacturing sector to raise overseas funds and allowed Indian banks to market Masala Bonds in line with the government's measures to prop up the rupee.
SEBI announced changes to the composition of rating committees at credit rating agencies (CRAs). Going ahead, if an issuer requests for a review of the ratings provided to their instrument, the majority of the rating committee members will have to be different than those who had assigned the rating earlier. Also, at least a third of the rating committee members will have to be independent.
ICAI Members who have shifted/changed their locations after 1st April, 2018 have an option to make an application to get permission to VOTE BY POST. The LAST DATE for receipt of such application is 5th Oct, 2018. https://resource.cdn.icai.org/51675election2018-41358.pdf
ICAI members Please pay your Membership /COP Fee for the year 2018-19 latest by 30th September, 2018 .
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GST Council to meet on 28th September
The next GST Council meeting will be on 28th September 2018 via video conferencing, in which the proposal to cut rates on some items could be taken up.
The GST Council may cut tax rates on cement, air conditioner and large screen televisions, reports said. “The 30th GST Council meeting scheduled to convened on 28th September 2018 (Friday) through Video Conferencing,” the Government said in a statement.
In the 28th meeting, the Council had reduced tax rates on over 100 items in its July meeting including refrigerators, small screen color television, washing machines while leaving air conditioners, large screen TVs in the highest bracket of 28%.
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Late Fee can’t impose without passing of Speaking Order: ITAT [Read Order]
Read more at: http://www.taxscan.in/late-fee-impose-passing-speaking-order-itat/28534/
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ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]
Read more at: http://www.taxscan.in/itat-confirms-addition-gift-received-nri-relative-debtor-proved/28593/
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Petition on Retrospective Amendment in GST Laws denying Benefit of Refund of Unutilized Input Tax Credit: Gujarat HC Stays Demand [Read Order]
Read more at: http://www.taxscan.in/petition-retrospective-amendment-gst-laws-denying-refund-unutilized-input-tax-credit-gujarat-hc-stays-demand/28640/
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Project Management Services provided to Jaipur Development Authority Exempted from GST: AAR [Read Order]
Read more at: http://www.taxscan.in/project-management-services-provided-jaipur-development-authority-exempted-gst-aar/28652/
