Saturday, 27 May 2017

Some recent updates that you would not like to miss – 27.05.2017

1.   The Ministry of Home Affairs has offered a one-time exemption to Non-Government Organizations to file ‘missing’ returns as mandated by the Foreign Contribution (Regulation) Act without being levied any fine.

2.   Federation of Indian Export Organizations (FIEO) Allow exporters to pay GST on transaction through e-currency.

3.   Interest liability arising due to order of court was allowable expense, though order was stayed by divisional bench.

4.   Reduced price charged from Hawkers to supply newspaper couldn’t be treated as commission, No TDS liability u/s 194H.

Have a great day ahead!

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