Before you embark on the process to file the return for the AY2018-19, you need to be aware of some fundamental rules and key changes
Goods and services tax: GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 months – The Economic Times–27.06.2018
The revenue department has decided to keep in abeyance GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) and tax collected at
Nearly one-fourth of banks loan book has turned sour: RBI report – The Economic Times–27.06.2018
The report also pointed out that earnings of the 14 weak banks have been worsening since September 2016 and “more efforts will be needed to
RBI deputy governor Viral Acharya praises Modi’s IBC, says bodes well for system – The Financial Express–27.06.2018
RBI Deputy Governor Viral Acharya today said initiatives like Insolvency and Bankruptcy Code and norms for prompt recognition of bad loans bode well for financial stability
Banks’ NPAs status to worsen to over 12% by fiscal-end: RBI – The Financial Express–27.06.2018
The gross non-performing assets (GNPAs), or bad loans, ratio in the Indian banking system is likely to rise from 11.6 per cent in March 2018
GST Council to look at option of centralised appellate authority – The Financial Express–27.06.2018
The revenue department is considering setting up of a centralised appellate authority to deal with the problem created by contradictory verdicts passed by the Authority
More than a fifth of all public sector bank loans can go bad, warns RBI – Business Line–27.06.2018
Sees GNPA ratio of PSBs worsening to 22.3% in March 2019 Flagging the continuing stress in the banking sector, the Reserve Bank of India
SC: Superior not guilty if staffer ends life due to heavy workload | India News – Times of India–27.06.2018
Highlights SC has ruled that superiors cannot be held responsible for abetment if an employee, depressed because of a heavy workload at office, commits suicide
Hasmukh Adhia: ‘Stable e-way bill system, new IT infra, small changes in GST law to be priorities in 2nd year’ | The Indian Express–27.06.2018
Designing and testing of the new return filing system, stabilising the e-way bill system and minor corrections in the GST-related laws, which may come up
Buck stops with bank chairmen, boards | Deccan Herald–27.06.2018
The latest banking scandal to the surface is the Rs 3,000-crore fraud in Bank of Maharashtra (BoM) in which the CEO and Managing Director and
Economy still reeling under GST stress | Deccan Herald–26.06.2018
The credit growth in the country was in the negative zone for fiscal year 2016-17. Even as the country is preparing to celebrate one year
GST: If GST ‘celebration of honesty’, why did BJP oppose it for 5 years: P Chidambaram–Economic Times–26.06.2018
Former Finance Minister P Chidambaram today slammed the government for terming the Goods and Services Tax ( GST) as a ” celebration of honesty”, saying if that was
Off-balance sheet war chest of government?–Economic Times–26.06.2018
It’s still early stages, but the reported plan to have Life Insurance Corporation of India (LIC) infuse fresh capital in bad debt-laden IDBI Bank to
Leave LIC alone | Business Standard Editorials–26.06.2018
One of the options on the table for the revival of the troubled IDBI Bank is reportedly its purchase by the Life Insurance Corporation of India Limited, or LIC. Currently, India’s
Spinning loot of public money as success story | Business Standard Column
A month ago when Bhushan Steel was sold to Tata Steel, there were loud rounds of self-congratulation by government ministers and advisors about the fact that almost
What Jaitley’s two FB posts tell us about the economy and finance ministry | Business Standard Column
Last week, Cabinet Minister Arun Jaitley made two significant announcements on social media that instantly became big news. More than their significance, they stood out as highly reassuring messages
NCLT has exceeded expectations in terms of deciding cases in 2 yrs: Experts | Business Standard Column–26.06.2018
Come July, the National Company Law Tribunal (NCLT) would have functioned for two full years. The provisions setting up the NCLT were notified on 1 June 2016. It began
No consensus among States on GST discount for digital payments – Business Line–26.06.2018
The proposal to give discount on Goods and Services Tax (GST) for digital payments may not be implemented as there is no consensus among the
All you wanted to know about Form 26AS – Business Line
The annual tax return filing season is upon us once again. As you put together your income and investments to calculate how much you owe
Next on agenda: Easier filing, bringing in petroleum items under GST | The Indian Express
The first year of GST ushered in a series of changes in response to the initial “teething” problems–four rounds of rate cuts/rationalisation, suspension of GSTR-2
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