CAPJ - Chartered Accountant Practice Journal July 2017

The first part of this journal contains the main issue of the fortnight.
The second part gives the legal update and covers subject like Direct Taxation, Indirect Taxation (including Service Tax, Central Excise and Customs, Sales Tax and Vat), Corporate and Securities laws, Insurance laws, Bank and NDFCs, Foreign Trade and Exchange laws, Consumer and Competition Laws and Labour and Industrial laws. This section is followed by latest notifications, circulars, trade notices and press releases on the aforementioned subjects in great detail along with the summary of relevant cases decided by the Supreme Court, various High Courts and Tribunals, along with appropriate subject heading and ratio of the case.
The third part of the journal contains updates relating to Practice Support (which includes Statute Analysis, Checklists, Guidance, FAQs, Procedures with explanations and directories for certified filing centers), Knowledge Resource (which includes Information on any aspect of latest development.) and articles & opinions by luminaries.
The fourth Part of the journal gives general updates for capital market.

Chapter 1 Price: 0.23

On 7 June, 2017, India became a signatory to the OECD’s Multilateral Instrument on Tax Treaty (MLI) along with 67 other jurisdictions. MLI is a key outcome of the OECD/G20 Base Erosion and Profit Shifting (BEPS) project, which aims to ensure that multinationals pay tax in the jurisdiction where economic value is created or added.

Chapter 2 Price: 0.18

Matching, Reversal and Reclaim of Input Tax Credit in CGST Law – A Study:

As we all know that the new law named GST is now (On first of July, 2017) implemented by the Central Government and many local (State) and Central Acts are subsumed in the same. It has now become necessary for all of us to know the contents of the new Act and relevant Rules as business man, consumers or advisors.