Revamping of ECB regulation by RBI

Introduction In an ongoing effort by the Government in liberalizing Foreign Exchange Regulations, it’s for sometime now that the RBI/Govt. has also been constantly liberalizing/rationalizing, the foreign funding by way of External Commercial Borrowing as well, placing more and more confidence on the corporate prudence. With the notification dated 16th January, 2019, the ECB[1] policy … Read more

GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company

Circular No. 86/05/2019- GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 156, North Block, New Delhi, the 1st January, 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: … Read more

Categories GST

Clarification on GST rate applicable on supply of food and beverage services by educational institution

Circular No. 85/04/2019- GST F.No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 156, North Block, New Delhi, the 1st January, 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification … Read more

Categories GST

Clarification on issue of classification of service of printing of pictures covered under 998386

Circular No. 84/03/2019-GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146G, North Block, New Delhi, the 1th January 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification … Read more

Categories GST

Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC)

Circular No. 83/02/2019- GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit ***** North Block, New Delhi, Dated the 1st January, 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) /The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Applicability of GST … Read more

Categories GST

Applicability of GST on various programmes conducted by the Indian Institutes of Managements (IIMs)

Circular No. 82/01/2019- GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146, North Block, New Delhi, the 1st January, 2019 To: The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: … Read more

Categories GST

Central Goods and Services Tax (Amendment) Act, 2018- Clarification regarding section 140(1) of the CGST Act, 2017

Circular No. 87/06/2019-GST F.No. 267/80/2018-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi, the 2nd Jan, 2019 To The    Principal    Chief   Commissioners/    Chief   Commissioners/    Principal Commissioners/ Commissioner of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/ Sir, Sub: Central Goods and Services … Read more

Categories GST

Base Erosion Profit Shifting

Introduction: With the development of technology and globalization of businesses, Multinational enterprises (MNEs) have started designing their business operations in a way to minimize their global tax cost through making effective use of tax rules and applicable exemptions available under tax treaties. However, on the other hand, International Tax Rules have not been able to … Read more

List of the elected to candidates for Twenty Third Regional Councils of the ICAI

Western India Regional Council Sl.No. Names Membership No. Place 1. CA. Agarwal Balkishan 120645 Surat 2. CA. Agrawal Vimal Kumar 402808 Bhayandar 3. CA. Alshi Rakesh Ganpat 101083 Mumbai 4. CA. Arun Anandagiri 116887 Pune 5. CA. Bajaj Lalit Laxminarayan 104234 Bhayandar 6. CA. Chitale Sushrut Mukund 119293 Mumbai 7. CA. Desai Drushti Rahul 102062 … Read more