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

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI

NOTIFICATION NO

9/2018, Dated: February 16, 2018

S.O. 697(E). - In exercise of the powers conferred by clause (a) of sub-section (2) of section 80D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Contributory Health Service Scheme of the Department of Atomic Energy for the purposes of the said clause for the assessment year 2018-2019 and subsequent years.

[F.No.178/29/2017-ITA-I)]

(Rohit Garg)
Director