News Update

GST - Sushil Modi Panel says e-Way Bill to be introduced from April 1, 2018PNB fraud - ED seizes 21 properties worth Rs 523 Cr of Nirav Modi including farm house in Alibaug and residential houses in Mumbai & PuneIGI Airport Customs nabs two pax with gold worth Rs 2.8 Cr concealed in machineryPNB fraud - FM raps regulators for failure; calls them unaccountableDiu now connected with Ahmedabad by Air; PM launches Rs 1000 Cr development schemeFormer FM P Chidambaram moves Apex Court for protection of his fundamental rightsViolations by Foreign Accounting Firms - SC asks Govt to set up Panel (See 'Corp Brief' in 'Corplaws.com')Chartered Accountants Act - For purpose of enforcing statutory code of conduct against Multinational Accounting Firms, there is need to set up expert panel to exmaine regulatory framework: SC (See Legal Desk' in 'Corplaws.com')Export - Pre-requisites and precautions for successful processing of IGST refund claims - alternative mechanism with officer interface to give exporters an opportunity to rectify invoice mismatch errors - Board guidelinesGovt to take strict action in financial irregularities cases: PMM/s Clearsynth enters into agreement for sale of 20 tonnes of Heavy Water annuallyBIS favours standardization in Big DataSecretary Textiles inaugurates five-day Handicraft & Gifts FairGST - refund to exporters - GSTN confirms application for Rs 13000 Crore; verifies and forwards Rs 5000 Cr to CBEC for disbursalCGST - Directions u/s 168 - Taxpayers to give undertaking that they will not utilise ‘disputed credit’ or ‘blocked credit’ in cases where amount exceeds Rs 10 lakhs - Board warns of stern actionScrews & SIM socket or other mechanical items for cellular mobile phone not entitled for concessional BCD of 10%37 Additional Judges recommended for appointment as full-fledged JudgesNo Anti-dumping duty on 'Toluene Di-Isocyanate' imported from China, Japan & Korea for period 05.12.2017 to 22.01.2018 due to lapse of provisional NotificationGovt gets serious about appointing Lokpal; to hold meeting on March 1Refund of Integrated tax paid on goods/services exported - retro amendmentSales Tax - 'sale price' apart from including consideration for sale, also includes value of any discount or rebate offered, which is to be deducted from sale price: SCGST - GoM on IT to review progress made by GSTN so far on SaturdayRailways inducts two digitally enabled LocomotivesADB loans USD 84 mn for improving water supply in Bhagalpur & GayaIAS Association delegation meets Dr Jitendra SinghFodder scam - Laloo pleads for bail; Jharkhand HC says NOIES officers to get new houses soonIndia successfully testifires N-capable ballistic missile ‘Dhanush’ from Naval Ship off Orissa coastIndian, Canadian PMs resolve to expedite BIPA & CEPA pactsElectoral Bond Scheme to open on Mar 1 for 10 daysNDMA organises workshop on action plan to deal with heat wave
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