Pure food Items supplied by Sweetshop-cum-Restaurant treated as Supply of Service: AAR [Read Order]
Read more at: http://www.taxscan.in/pure-food-items-sweetshop-restaurant-service-aar/31081/
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GST Exemption available to Services by NHPC to MEA: AAR [Read Order]
Read more at: http://www.taxscan.in/gst-exemption-services-nhpc-mea-aar/31069/
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Tamil Nadu Govt seeks One Month relaxation for GST Return Filing
Read more at: http://www.taxscan.in/tamil-nadu-one-month-gst-return-filing/31075/
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Supply of Food to Other Offices in SEZ is not Zero Rated Supply: AAAR [Read Order]
Read more at: http://www.taxscan.in/supply-food-other-offices-sez-zero-rated-supply-aaar/31090/
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Contract of Job Work Activity of Custom Milling of Paddy, Transportation of Rice and Usage Charges of Gunny Bags Taxable at 5% as ‘Composite Supply’: AAR [Read Order]
Read more at: http://www.taxscan.in/contract-job-work-activity-custom-milling-paddy-transportation-rice-usage-charges-gunny-bags-taxable-5-composite-supply-aar/31096/
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ICAI signed MoUs Last Year to provide Special Offers to Chartered Accountants and CA Students
Read more at: http://www.taxscan.in/icai-mous-offers-chartered-accountants-ca-students/31113/
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AAR dismisses Application filed by Service Recipient on Exemption Notification on ground of Maintainability Issue [Read Order]
Read more at: http://www.taxscan.in/aarservice-recipient-exemption-notification-maintainable/31079/
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👉The RBI will pump in another set of liquidity in December by infusing Rs 40,000 crore into the system through open market operations (OMOs).
👉Non-graduate chartered accountants with three years of experience can now become registered valuers, with the Ministry of Corporate Affairs amending the rules in this regard. Previously a CA having three years of post-qualification experience and qualified as a graduate was allowed to become a registered valuer. "Now, a chartered accountant is not required to be a graduate to become a registered valuer.
👉The GST department of Chhattisgarh has cancelled the registrations of 655 traders based in Raigarh district on for not producing the details in 3B form format for the last six months.
👉The collections from goods and services tax (GST) was projected to be Rs 12 trillion in the current financial year. In other words, each month is expected to yield Rs 1 trillion from GST on an average. However, only two months — April and October — have so far hit the monthly target. In fact, average monthly target stood at Rs 970 billion in the first seven months of FY19. To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections.
👉India plans to have bilateral discussions with China on duty cuts in the Regional Comprehensive Economic Partnership (RCEP) trade agreement.
👉Global Times, a Chinese news website which has the backing of China's ruling Communist Party, today mocked India's ambition to fill the void created due to the on going trade war between Beijing and Washington.
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Government of India and the Government of the People’s Republic of China have amended the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income, by signing a Protocol on 26/11/2018.
Mumbai bench of the Income Tax Appellate Tribunal has ruled that premium earned on allotment of preference shares by a loss-making entity cannot be taxed. The tribunal said the valuation of shares is not relevant for determining the genuineness of the transaction.
The Authority for Advance Rulings (AAR), Goa has held that the long-term lease shall be subject to Goods and services Tax ( GST ). Read more at: http://www.taxscan.in/gst-long-term-lease-aar/31049/
SEBI issued a detailed guidelines for setting up of alternative investment funds in international financial services centres, pertaining to registration, compliance requirements and restrictions.
RBI announced further easing of the hedging norms for external commercial borrowings (ECBs). for ECBs of maturity period between three-five years, the mandatory hedging requirement will now be 70%, instead of 100%.
ICAI is organising
Diploma in International Tax-New Delhihttp://www.icai.org/post.html?post_id=13125 or 0120-3045923.
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AAR dismisses Application filed by Service Recipient on Exemption Notification on ground of Maintainability Issue [Read Order]
Read more at: http://www.taxscan.in/aarservice-recipient-exemption-notification-maintainable/31079/
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ICAI - Invitation for Expression of interest (EOI) from Life Insurance companies for providing Group Term Insurance to the Member of ICAI/Spouse of the Member of ICAI/Students of ICAI by 20th December, 2018 - (28-11-2018) - https://www.icai.org/new_post.html?post_id=15252&c_id=240
