Insolvency Professional barred for Ten Years for blatant Violation of IBC [Read Order]
Read more at: http://www.taxscan.in/insolvency-professional-barred-ten-years-blatant-violation-ibc/30770/
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👉Prime Minister Narendra Modi will chair a meeting with policy makers and top industrialists on November 19 i.e. Today, to brainstorm on measures required to realise the vision of India breaking into the top 50 in the World Bank's Ease of Doing Business index.
👉The Finance Ministry, invites bids from Mutual Funds or Asset Management Companies (AMCs) for creating, managing and launching a Debt Exchange-Traded Fund (ETF)
👉Comptroller and Auditor General of India (CAG) is conducting performance audit of GST and is likely to finalise its report soon. The CAG is auditing the functioning of the new indirect tax regime since its implementation on July 1, 2017
👉CBI arrests 3 Central GST officials while accepting a bribe of Rs 70,000 from an advertising agency owner in Hisar. They were produced in the Special CBI Court in Panchkula that sent them to 14 days’ judicial custody
👉Govt provides flexibility to Ministries and Departments in the selection of Functional Directors of Companies under their Administrative Control without seeking approval of Public Enterprises Selection Board (PESB) in a bid to give them autonomy in hiring
👉In a bid to cut down on the time taken for listing of shares via an IPO, SEBI is in discussions with the Ministry of Corporate Affairs(MCA) to make it mandatory for the Registrar of Companies (RoC) to approve or reject the prospectus filed by companies within a specific time period
👉BSE decides to end its partnership with S&P Dow Jones (SPDJI) to manage the benchmark Sensex from December 31. The two had formed a joint venture in 2013, but BSE reckons that the partnership could not do much in terms of expanding the index to global markets.
👉CIC again asks PMO & RBI to disclose Wilful Defaulters' List and Raghuram Rajan's letter on bad loans.
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DG Income Tax (Systems) has once again updated all Income Tax Return form (ITRs) of AY 2018-19 on 16.11.2018.
MAT under Income Tax not payable on share income of member of AOP. Case ACIT Vs M/s Om Metal Infraproject Ltd. (ITAT Jaipur)
National capital jumps closer to business capital in Income Tax collections.Mumbai, the business capital of the country, still contributes the largest, 29%, of total income tax revenues, but its share has been falling. Delhi, the second-largest contributor to the tax kitty, saw collections rising 45% from April to November 13 this year over the same period in 2017. Collections in Mumbai rose only 5%.
GST audit nears, many companies and banks fear they will not be able to comply with separate audits of all the states by the end of the year as required by the GST framework because they do not reconcile their financial results with state wise returns
Kerala High Court has ruled that any GST mistakenly paid under one head can be adjusted under the correct head. While noting that it sees no difficulty for the tax authorities to allow the petitioner’s request and get the amount transferred from the head ‘S-GST’ to ‘I-GST’, the court said it is inequitable for the authorities to let the petitioner suffer.
SEBI mandates Disclosures regarding commodity risks by listed entities under Regulation 34(3) read with clause 9(n) of Part C of Schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015 (“SEBI LODR Regulations”).
Govt said to propose change in rules for greater RBI oversight. The NDA government has proposed changing rules that will enable closer supervision of the Reserve Bank.
Draft MEF Panel 2018-19 is hosted @ www.meficai.org till 22nd November with category & reason. In case of any query pls mail/call at mefpdc@icai.in/ 011-301110444/480
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CAG Report on Performance of GST to be tabled before Parliament in Winter Session
Read more at: http://www.taxscan.in/cag-gst-parliament/30800/
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Company Eligible to Claim Deduction of Educational Expenses of Director: ITAT*
[Read Order]
Read more at: http://www.taxscan.in/company-eligible-claim-deduction-educational-expenses-director-itat/30746/
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NFRA and MCA to hire Chartered Accountants, invites Applications*
Read more at: http://www.taxscan.in/mca-nfra-chartered-accountants/30807/
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GST Practitioners Exam postponed
Read more at: http://www.taxscan.in/gst-practitioners-exam-postponed/30815/
