CAclubindia News

Benami Transactions Across the Country

27 July 2017 at 11:06

The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively amended through the Benami Transactions (Prohibition)

Posted in Income Tax | 5841 Views

Benefits of GST for the Transport Sector

27 July 2017 at 11:06

The transport sector stands to benefit from the recently rolled out GST in several ways. Pre- GST, the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance and deposit of interstate sales ta

Posted in GST | 8820 Views

Issues arising from implementation of MAT on IAS compliant companies

26 July 2017 at 10:43

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesIssues arising from the implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accounting Standards (Ind AS) compliant companies.Finance Act,

Posted in Corporate Law | 3999 Views

Selection of Chairman of National Anti profiteering authority under GST

26 July 2017 at 10:43

GST Council forms a Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as the Chairman and Members of the National Anti-profiteering Authority under GST The GST Council has forme

Posted in GST | 3060 Views

Impact of GST on Civil Aviation Sector

26 July 2017 at 10:43

Under the GST regime the applicable tax rate on economy class passenger tickets has been reduced from 6% to 5% (non-creditable for goods), while the tax rate on business class has been increased from 9% to 12% with input tax creditable for both goods

Posted in GST | 3135 Views

Case study on birth of GST released

26 July 2017 at 10:43

The Union Finance Minister, Shri Arun Jaitley releases a Case Study on the Birth of the Goods and Services Tax (GST) in India � �The GST Saga: A Story of Extraordinary National Ambition� in national capital today. A Case Study on th

Posted in GST | 4239 Views

GST Offline Tool to collate and upload the invoices

25 July 2017 at 11:19

Returns Offline Tool Version V1.0Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Download gst_offline_tool.zip will contain following four filesSample_filesOffline Tool User ManualRead

Posted in GST | 3 comments | 9519 Views

ICAI writes letter to Editors on CA day coverage

25 July 2017 at 11:19

Letters to Editors - Rashtriya Sahara - July 7th, 2017 - (24-07-2017)Letters to Editors - Aaj Tak - July 7th, 2017 - (24-07-2017)Letters to Editors - Chauthi Duniya - July 7th, 2017 - (24-07-2017)Letters to Editors - Navodaya Times - July 7th, 2017 -

Posted in Professional Resource | 4185 Views

ICMAI Newly elected President and Vice President for the year 2017-18

25 July 2017 at 11:19

ICMAI Newly elected President and Vice President for the year 2017-18

Posted in Professional Resource | 2406 Views

NRI to submit foreign bank details only in refund cases

25 July 2017 at 11:19

Optional reporting of details of one foreign bank account by the non-residents in refund cases Refund generated on processing of return of income is currently, credited directly to the bank accounts of the tax-payers. Availability of the detail of b

Posted in Income Tax | 2769 Views