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Taxclick Team Circular No. 3/2018 F No 279/Misc. 142/2007-ITJ (Pt) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes New Delhi the 11th July, 2018 Subject: Revision of monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court-measures for reducing litigation-Reg. Reference … Read more
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No.27/2018 – Central Tax New Delhi, the 13th June, 2018 G.S.R….(E).- In exercise of the powers conferred by sub-section (8) of section … Read more
Circular No. 49/23/2018-GST No. CBEC/20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 21st June, 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) / The Principal Directors … Read more
4th June 2018 Clarification regarding date of declaration of results of CA exams. It has been brought to our notice that a fake announcement regarding the date of declaration of the Common Proficiency Test (CPT) held in June 2018 and CA Final Examination held in May 2018, is doing the rounds in the social media. … Read more
Sub.: Furnishing of Information to the Group constituted by the Council to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in S. Sukumar Vs. Union of India and CPIL Vs. Union of India. The Hon’ble Supreme Court of India vide its Judgement dated 23rd February, 2018 in Civil … Read more
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 21st June, 2018 PRESS RELEASE Prompt investigation in fresh series of cases pertaining to ‘Panama Papers’ The fresh release made in the media today under ‘Panama Paper Leaks’ is being promptly looked into by the law enforcement agencies … Read more
Circular No.44/18/2018-CGST 341/28/2017-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit ***** New Delhi, the 2nd May, 2018 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Issue related to taxability of ‘tenancy … Read more
GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification GST Council today in its 27th meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification. The key elements of the new return … Read more
Incentive to promote Digital Transactions: Keeping in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies, for which … Read more
The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi has approved the Mutual Recognition Agreement between the Institute of Chartered Accountants of India (ICAI) and The South African Institute of Chartered Accountants (SAICA) to establish a mutual co-operation framework for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of … Read more