News Update

Flood-battered Kerala - Cabinet Secretary-headed NCMC calls for shifting focus on supplies of food, water, medicines, power, fuel and telecom servicesIndia successfully test-fires ‘Helina’, copter-based anti-tank guided missile + also test-fires guided bombs smart anti-airfield weapon systemGovt yet to firm up mind for back-casting of GDP series; Various alternatives under considerationMulti-modal transport - TIR Convention comes into forceJalandhar CGST Commissionerate is first to become e-OfficeAadhaar Regulator to launch phased introduction of face recognition features from Sept 15Walmart wraps up Flipkart acquisition formalities; Current management to run operationsFormer UN Chief Kofi Annan passes away at 80DRI, Police & para-military forces seize 78 drums of ganja, heroin & tabletsKerala CM says worst flood in 100 years; PM announces Rs 500 Cr immediate reliefWorld Humanitarian Day - UN urges global leaders to protect people caught in conflictST - Tribunal has relied upon speech of Finance Minister for holding that assessee was not liable to pay tax without discussing relevant provisions of law/notifications - Matter remanded: HCAdvance Ruling - a nightmare for taxpayers?I-T - Exemption u/s 10(23C)(iv) can be claimed only to the extent of actual income and not for accumulated income: ITATSection 197 Certificate - CBDT proposes to amend Rules to make it electronicImport of Pet Coke allowed for only cement, lime kiln, calcium carbide and gasification Industries, when used as feed stock/manufacturing process on Actual User ConditionCBDT puts in abeyance controversial clauses relating to GAAR & GSTEvery 1% growth in mining industry soars up industrial production index by 1.5%, says FICCIAtalji cremated at Smriti Sthal with full state honoursRailways launches 'Digital Screens' at 22 StationsIndia wants FAO to declare upcoming years as 'International Year of Millets'Bird's eye view - Form 3CD amendmentsCBIC notifies Customs exchange rates effective from August 17, 2018Worsening flood conditions in Kerala; Centre discusses more measuresData Protection Bill - Govt seeks public comments by Sept 10, 2018Income Tax - Both ACIT as well as JCIT are competent officers for sanctioning issue of notice u/s 148: HCGST - Credit conundrums - Overlooking them is no solution!
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MAT Report

Relevant part of MAT - Ind AS Committee Report dated 17th June, 2017 containing recommendations regarding amendment to provisions of section 115JB of Income - tax Act, 1961 in respect of Ind AS Compliant Companies (June 17, 2017)

Computation of Book Profit for MAT (March 18, 2016)

Computation of Book Profit for MAT (July 23, 2016)

Company Law Report

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First Batch of Recommendations

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Government constitutes a Committee to examine desirability and feasibility of having a new Financial Year

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Revised Notice inviting comments on FRBM committee report

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Report of the Standing Council on International Competitiveness of the Indian financial sector, Volume 1

Dr. Saumitra Chaudhury report

Auto Fuel Vision 2025

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Incentivising Pulses Production Through Minimum Support Price (MSP) and Related Policies

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Report of the Committee on Taxation of E-Commerce

Enforcement Of Security Bill

The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016

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CGST Rule Notification
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