I. Headlines Today:   

1. Income Tax department asks Flipkart to reclassify discounts as capital expenditure  (Click for detail)
   

2. GST composition scheme may come under reverse charge mechanism to curb evasion  (Click for detail)
   

3. Budget 2018 may not be populist, indicates PM Modi  (Click for detail)
   

4. Printing of Budget documents begins  (Click for detail)
   

5. Ministry Wants SEZ Tax Incentives to Continue  (Click for detail)
   

6. RBI, govt may give banks more time to switch to IndAS  (Click for detail)
   

7. ICAI: Revised Standard on Auditing (SA) 720, “The Auditor’s Responsibilities Relating to Other Information”  (Click for detail)

II. A Useful Presentation:

1.  Assessment & Re-assessment Proceedings u/s 147 of the Income Tax Act, 1961

(Please click here)  

(Contribution by CA. Sanjay K. Agarwal, Founder - Voice of CA; and contributor is available at Email-id: voiceofca@gmail.com )

III. A Useful Article:

1.  Key outcomes of 25th GST Council meeting – Rejigs rates on 82 items& gears up for simple return filing

(Please click here)  

2.  5% GST on Mess facility provided by Educational Institutions – Is it correct

(Please click here)

Golden Rules:

  "Personality is who we are and what we do when everybody is watching.
Character is who we are and what we do when nobody is watching" 
                                        

Thanks & Regards

  Team

Voice of CA