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GST: Assam notifies E-Way Bill from 16th May [Read Notification]

The Assam Government notified that the provisions of the e-way bill rules for intra-State movement of goods from 16th May 2018. An earlier...

CBDT notifies Protocol amending DTAA between India and Kuwait [Read Notification]

Caesarstone classifiable as “Other than Natural Sands”, 18% GST applicable: AAR [Read Order]

ICAI Overseas Campus Placement for Chartered Accountants from 24th to 26th August

Financial Frauds: Govt plans to collect Passport Details of Company-Directors

Jewellery received during Marriage can’t be treated as Unexplained: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) last week held that the jewellery received by assessee at the time of marriage cannot be treated as unexplained under the provisions of...

Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) in Gouranga Cement Pvt. Ltd vs. DCIT recently held that Unabsorbed brought forward business loss should be set off against the business...

Arrest of Chartered Accountant and Excise Officer in 52 Crore Fraud: ICAI says Accused is Not CA

In a major development, the Institute of Chartered Accountants of India ( ICAI ) has said that the chartered accountant, who has been arrested along with an Excise and Taxation department officer...

GST Leviable on Sale of Undivided and Impartible Share of Land represented by Agreement to Sell: Delhi AAR [Read Order]

The Delhi Authority for Advance Ruling ( AAR ) on 28th March 2018, ruled that 2/3rd of the total amount charged for transfer of land or undivided share of land would be liable to GST. The applicant,...

Renting of Trucks not amount to “Supply of Tangible Goods Service”: CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) Mumbai on Thursday held that renting of trucks will not result in liability of paying Service Tax under the category of “Supply of...

Job Work Charges from Eligible Unit Deductible u/ s. 80IC: ITAT [Read Order]

Delhi bench of Income Tax Appellate Tribunal in DCIT versus M/S Dynamic Transmission Limited while dismissing the appeal of Revenue held that job work charges received from the assessee’s eligible...

Cost Accountants can Renew Certificate of Practice till 30th July: ICMAI

The Institute of Cost Accountants of India ( ICMAI ) has extended the due date for renewal of Certificate of Practice by practicing Cost Accountants till 30th July 2018. In a communication made by...

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