☛ SEBI: Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018

☛ GST: Government Entity or not - Power Supply Infrastructure Development work - CIDCO is covered under the definition of the term ‘Government Entity’ as per Notification No. 31/2017-Central Tax (Rate) - Concessional rate of tax@ 12% would be applicable

☛ GST: Requirement of registration - applicability of the GST Act - receipt of fees from members by the Lions Club of Poona, Kothrud - the amounts collected as ‘fees’ from the members are not for the purposes of making any ‘supply’ - The fees collected are used for social causes - No GST liability.

☛ Income Tax: Accrual of income - accounting treatment in respect of prepaid cards - there must be the “right to receive the income on a particular date, so as to bring about a creditor and debtor relationship on the relevant date” -a right to receive a particular sum under the agreement would not be sufficient unless the right accrued by rendering of services

☛ Income Tax: Drilling rig as a qualifying ship within the meaning of Section 115VD - Revenue’s contentions that the vessel is nothing but “offshore installations” has no merit, in the case of Matdrills of the kind put to use by the assessee

☛ Income Tax: Depreciation on storage tanks - @10% or 15% - building or plant and Machinery - the same falls within definition of a “plants” which has been used by the assessee in the business of hiring them for storage petroleum products

☛ Income Tax: Bogus long term capital gain - addition made towards unexplained cash credit u/s 68 - revenue did not indicate any specific evidence against the assessee in above terms qua the LTCG derived from transfer of share in STIL - additions deleted.

☛ Income Tax: Reopening of assessment - AO cannot act mechanically on the basis of report of Investigation Wing and to show that the AO has applied his mind, he must distinct all those materials and he must also show that what was material on record.

☛ Income Tax: MAT computation - Addition towards not deducting the waived interest amount of under ‘one time settlement’ for computing book profit u/s 115JB - sick industrial company - the assessee’s case falls under clause (vii) of explanation (1) to section 115JB - No additions.

☛ Income Tax: Capital gain computation - the assessee is not eligible for deduction u/s 54 and shifting of the assessment year for making the addition on this account would not achieve any purpose rather it will defeat the purpose of provisions of section 54

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☛ Complete analysis-194IA - TDS on sale of Immovable Property

☛ SKILL DEVELOPMENT IN TAMIL NADU

☛ APPLICABILITY OF GST TO UPFRONT CONCESSION FEE

☛ COMPLETED GIFT

☛ PROFITEERING TESTED NEGATIVE IN FABINDIA CASE

☛ SECURITIES AND EXCHANGE BOARD OF INDIA (INTERNATIONAL FINANCIAL SERVICES CENTRES) GUIDELINES, 2015

☛ GOODS AND SERVICES TAX AUDIT

☛ AUDIT at a glance under the GST Law

☛ Anti Profiteering under GST - an alternative viewpoint

☛ COMPANY INCORPORATION – IN JUST FIVE EASY STEPS

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☛ Cus (NT) - Amendment to Notification no. 62/94-Customs (N.T.) dated 21.11.1994 notifying Port Meadow u/s 7(a) of Customs Act, 1962 for unloading of imported goods and loading of export goods or any class of goods

☛ SEBI - Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018

☛ Cus (NT) - Exchange Rates Notification No.96/2018-Custom(NT) dated 06.12.2018

☛ Cus (NT) - Revised All Industry Rates of Duty Drawback

☛ IT - Income-tax (13th amendment), Rules, 2018

☛ IT - U/s 115JG(1) of IT ACt 1961 - Central Government notifies conditions a foreign company engaged in the business of banking in India

☛ IT - TDS deduction under section 194A of the Income-tax Act, 1961 in case of Senior Citizens - reg.

☛ Indian Law - Competition Commission of India (General) Amendment Regulations, 2018.

☛ Cus - Amendment to notification no. 52/2003-Customs dated 31.03.2003 -reg.

☛ CE - Amendment to notification no. 22/2003-CE, 23/2003-CE & 24/2003-CE all dated 31.03.2003 -reg.

☛ CE (NT) - General Bond (Form B-17) to be executed by the EOUs

☛ SEBI - Jurisdiction as Special Court

☛ ADD - Seeks to levy definitive anti-dumping duty on the imports of "Uncoated Copier Paper" originating in or exported from Indonesia, Thailand and Singapore

☛ Co. Law - Companies (cost records and audit) Amendment Rules, 2018

☛ Cus (NT) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

More Notifications

☛ SEBI - Disclosure of significant beneficial ownership in the shareholding pattern

☛ SEBI - Cyber Security and Cyber Resilience framework of Stock Exchanges, Clearing Corporations and Depositories

☛ Customs - AEO programme digitization - Ease of doing business - Development of web-based application for AEO-T1- reg.

☛ DGFT - Errata to Public Notice No.50/2015-2020 dated 26th November, 2018 notifying procedure for allocation of quota for import of (i) Calcined Pet Coke for use as Calcined Pet coke (CPC) in Aluminium Industry and (ii) Raw Pet Coke for CPC manufacturing industry.

☛ Customs - Clarification with respect to amendments to Customs and Central Excise notifications for EOUs - reg.

☛ FEMA - Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania

☛ DGFT - Change in Appendix 1A of Foreign Trade Policy, 2015-20 — reg.

☛ DGFT - Availability of Speed Post dispatch particulars in MEIS module

☛ SEBI - Cyber Security & Cyber Resilience framework for Stock Brokers / Depository Participants

☛ DGFT - Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

☛ Customs - Procedure for disposal of un-claimed/un-cleared cargo under section 48 of the Customs Act, 1962, lying with the custodians –reg.

☛ Customs - Procedure for movement of goods under TIR Carnets-reg.

☛ SEBI - Trading hours for commodity derivatives segment

☛ DGFT - Inserting new Appendix No.2X in the Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 - reg.

☛ DGFT - Insertion of a new provision under Para 2.103 and amendment in Para 2.104 - reg.

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☛ Vision of a New India - USD 5 Trillion Economy

☛ The Government of India and ADB sign a $31 Million Loan Agreement to develop Tourism and boost Jobs in Tamil Nadu

☛ Streamlining of National Pension System (NPS)

☛ DRI continues to crackdown on Gold Smuggling – 66 KGof smuggled gold valued at about ₹ 21 crore seized

☛ Direct Tax Collections for F.Y. 2018-19 up to November, 2018

☛ Effective tax rate on complex, building, flat etc.

☛ Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C

☛ Invitation of Expression of Interest from Prospective Eligible Institutions for Conducting Graduate Insolvency Programme

☛ FM addresses the Conference on ‘Insolvency and Bankruptcy Code'

☛ Goods and Services Tax - Lexicon

☛ NITI Aayog Launches Global Hackathon On Artificial Intelligence

☛ Draft Directions on Non-Resident Participation in Rupee Interest Rate Derivatives Markets

☛ Cabinet approves Agriculture Export Policy, 2018

☛ Cabinet approves revised Model MoU between India and foreign

☛ Cabinet ‘In Principle’ approves strategic sale of the Government of India’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation to Power Finance Corporation along with transfer of management control

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