Daily updates !

*📺Updates*

🔹Govt has not written off corporate loans

🔹Economic Survey: Note ban hit informal economy, raised social insurance demand

🔹Economic Survey: Renewable energy push may lead to increase in bad loans

🔹Aadhaar card link to PAN card: No time-frame fixed to complete linkage, says Jaitley

🔹Govt hikes import duty on crude, palm oil

🔹Alert! Banks to remain closed for 4 straight days from tomorrow; ATMs likely to run out of cash

🔹Supreme Court refuses to stop Aamby Valley auction process

🔹Complexity of deal derailed Flipkart-Snapdeal talks

🔹Tata Steel gets regulatory approval for UK pension deal

🔹Cash holdings slip 20 per cent, tax payers grow 45 per cent on demonetisation

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Welcome to CA SHINES

🔹GST Law Committee has extended the deadline to claim input tax credit by one week, while calculating the tax dues, and now the input tax credit can be claimed by August 28.

🔹The SEZ unit located in a state treated as a business, but vertical distinct from other units located in the state outside the SEZ. Hence Separate registration is required to be obtained for the unit located in SEZ.

🔹No GST on goods not intended for sale, taken out for overseas exhibitions/trade fairs & brought back as these are meant for exhibition only.

🔹3% GST rate for gold is low

🔹GST Network has started the facility for registration of casual taxpayers, those who conduct businesses occasionally in a state/Union Territory where he/she has no place of business.

🔹Parliament on Thursday passed a bill that will empower the RBI to deal with stressed assets in the banking sector which have soared to Rs 8 lakh crore. [The Banking Regulation (Amendment) Bill, 2017]

🔹Centre introduced in the Lok Sabha, The Code on Wages Bill which seeks to fix “universal minimum wage” aimed at benefiting over 400 million unorganized sector workers.

🔹Dealer could generate ‘Form C’ even if VAT liabilities hadn’t been discharged: HC
Manan Autolink (P.) Ltd. v. State of Gujarat.