DIRECT TAXES more
                
            INDIRECT TAXES more
                - Circular No. 41/2013-Customs: Applicable CVD on Steam Coal imported from Indonesia under FTA notification No. 46/2011
 - Selling ice-cream is service, must be taxed more: Tax authorities
 - Food from McDonalds, Dominos & Pizza Hut to get cheaper as FinMin may cut service tax on takeaway, home-delivery
 - LTUs might become mandatory
 - Excise dept slaps Rs 30-cr service tax notice on Amity
 
ICAI MATTERS more
                
            TENDERS more
                
            COMPANY LAW more
                
            BANKING more
                
            MARKET UPDATE more
                - Hindustan Copper OFS commences at Rs 70/share; stock slips
 - External debt growing to unmanageable proportions, putting pressure on rupee
 - Apollo Tyres tanks on acquisition of US company for Rs 14,500 crore
 - Biz climate improves in May; GDP seen at 5.3 percent in Q1
 - FY 13 fiscal deficit down at 4.89 percent on higher revenues
 
ACCOUNTING more
                - IASB staff to develop guidance for micro-sized entities applying the IFRS for SMEs
 - IFRS Foundation reappoints members of the SME Implementation Group
 - IFRS Foundation Trustees publish Drafting Review of revisions to IFRS Foundation Constitution
 - IASB publishes Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12)
 - IASB invites comments on review of the IFRS for SMEs
 
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