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Rahul Gandhi promises to replace replace Gabbar Singh Tax with single GST slab

RaGa promises to replace Gabbar Singh Tax with single GST slab

INC National President Rahul Gandhi on Saturday promised to bring all goods and services under one tax slab and levy GST on petroleum products if his party comes into power in 2019. Gandhi made the statement while addressing party workers in Jaipur, where he again criticised PM Narendra Modi for …

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CBIC clarifies applicability of GST on various goods and services

CBIC clarifies applicability of GST on various goods and services

Applicability of GST on Fortified Toned Milk:  Representations have been received seeking clarification regarding applicability of GST on Fortified Toned Milk. Milk is classified under heading 0401 and as per S.No. 25 of notification No. 2/2017-Central Tax (Rate) dated 28.06.2017, fresh milk and pasteurised milk, including separated milk, milk and cream, not concentrated nor containing …

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ICAI announce Convocation ceremony for newly qualified members

ICAI announce Convocation ceremony for newly qualified members

In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) organizes Convocations for distributing certificates to the newly qualified members. In fact, this is an occasion to mark the entry of the new members …

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Government proposes 8 special courts under NCLT to deal with insolvency cases

Govt proposes 8 special courts under NCLT

The corporate affairs ministry has proposed setting up special courts under the National Company Law Tribunal (NCLT) to deal with insolvency cases. Ministry officials say eight courts are proposed to be set up for this purpose. “These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad,” a …

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Cabinet approves signing of MoU between India and Canada on collaboration among Chartered Accountant Institutions

Cabinet approves signing of MoU between India and Canada on collaboration among Chartered Accountant Institutions

The government today approved a pact between Institute of Chartered Accountants of India (ICAI) and Chartered Professional Accountants (CPA), Canada. The Union Cabinet chaired by Prime Minister gave ex-post facto approval of the MoU signed in 2011 and approval for signing of MoU between ICAI, India and CPA, Canada, according …

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Lok Sabha Passes Bill Amending Negotiable Instruments Act

Parliament Passes Negotiable Instruments Amendment Bill With Provision For Interim Compensation.

Loksabha passed a bill aiming at allowing a court to try offences related to cheque bounce expeditiously and direct the drawee to pay a minimum of 20 percent of the cheque amount as interim compensation. The Negotiable Instruments (Amendment) Bill, 2018, which was passed in the Lok Sabha on July …

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