Daily Archives: January 19, 2016

MakeMyTrip is under probe for alleged service tax evasion

  MakeMyTrip is under probe for alleged service tax evasion  The Directorate General of Central Excise Intelligence (DGCEI) has registered a case against the online travel services provider ‘MakeMyTrip’for allegedly not depositing service tax collected from the customers. The investigation revealed that the company was collecting two types of taxes, viz, service tax and Make… Read More »

Govt Amends Environment Protection rules for Sugar Industry

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF ENVIRONMENT, FORESTS AND CLIMATE CHANGE NOTIFICATION New Delhi, the 14th January, 2016 G.S.R. 35(E).—In exercise of the powers conferred by sections 6 and 25 of the Environment (Protection) Act, 1986 (29 of 1986), the Central Government hereby makes the following rules further to amend… Read More »

Sovereign Gold Bond Scheme 2016 Notification

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub – section (i)] Government of India Ministry of Finance Department of Economic Affairs New Delhi, dated the January 14, 2016 Notification G.S.R.—- (E). –– In exercise of the powers conferred by clause (iii) of section 3 of the Government Securities Act,… Read More »

Roadmap drawn-up for Ind AS converged with IFRS

Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s) In pursuance to the Budget Announcement by the Union Finance Minister Shri Arun Jaitley, after consultations with Reserve Bank of India (RBI), Insurance Regulatory and… Read More »