# SC dismissed SLP of revenue to allow benefit of Cenvat credit on input & input services to assessee
# Current account transactions between two entities can't be termed as deemed dividend (Mumbai - Tribunal) i.e. Deemed dividend could not be taxed in assessee-company's hand if it was neither registered nor beneficial shareholder of payer company.
# Interest qualify for deduction if money borrowed was advanced to subsidiary co. for business purpose: Delhi HC
# MCA issues National Financial Reporting Authority Rules, 2018 (Rules) dt. 13.11.2018
# DAAB, ICAI launches Second Executive Development Program on Blockchain Technology- Driver of Digital Era from 24th to 28th November 2018 at New Delhi.
https://resource.cdn.icai.org/52024daab41740.pdf
# Registrations open for Post Qualification Diploma in International Taxation at Delhi, Mumbai & Hyderabad.
https://www.icai.org/new_post.html?post_id=13125
# Seeking applications from CAs based in Delhi/NCR for engagement as Consultant in MCA and NFRA
https://cmib.icai.org//mcaform
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INCLA appeals for setting up of Nodal Agency for Cruise Tourism and GST Exemption
Read more at: http://www.taxscan.in/incla-cruise-tourism-gst/30798/
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👉Revenue Department is planning to Link & Integrate E-Way Bill with NHAI's FASTag Mechanism and DMICDC's Logistics Data Bank (LDB) services, to facilitate Faster Movement of goods and check GST Evasion
👉GST National Anti-profiteering Authority (NAA), finds Hardcastle Restaurants , a franchisee of fast food chain McDonald's, guilty of not passing on GST rate cut benefits of over Rs 7.49 crore to consumers
👉The Nine-Hour Marathon Meeting of the RBI’s Central Board saw mutual agreement being reached on several issues amid the ongoing rift between the Govt and the Central Bank. According to a post-meeting release by the RBI, the board discussed the Basel Regulatory Capital Framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework (ECF) of RBI.
👉SEBI asks Listed Companies to disclose detailed reasons for delay in submission of Financial Results to the stock exchanges within one working day of the stipulated deadline.
👉NSE launches a Mobile Application “NSE goBID” and Web-Based Platform for Retail Investors to buy Government Securities. The platform will allow retail investors to invest in Treasury Bills (T-Bills) of 91 days, 182 days and 364 days and various Government Bonds from 1 year to almost 40 years.
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GST Evasion: Businessman arrested in Chennai
Read more at: http://www.taxscan.in/gst-businessman-arrested-chennai/30821/
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The Central Information Commission has pulled up the Reserve Bank of India (RBI) for it’s “anti-RTI (Right to Information) policy” and asked the banking regulator to divulge the list of willful defaulters of loans within 45 days as ordered by the Supreme Court in its 2015 judgment.
Prime Minister Narendra Modi will chair a meeting with top industrialists and policy makers on Monday to brainstorm on measures required to realise his vision of India breaking into the top 50 in the World Bank's ease of doing business index.
MAT under Income Tax not payable on share income of member of AOP. Case ACIT Vs M/s Om Metal Infraproject Ltd. (ITAT Jaipur)
Form MR-2 is likely to be revised on MCA Company Forms w.e.f 20th November, 2018.
Father’s name not mandatory in PAN application form vide notification no. 82/2018/ G.S.R. 1128(E) dated 19/11/2018.
