"07 April 2017" Archive

“Credit Derivatives ” – Embedded Derivatives as per Ind-As/ IFRS

In finance, a credit derivative refers to any one of various instruments and techniques designed to separate and then transfer credit risk or the risk of an event of default of a corporate or sovereign borrower, transferring it to an entity other than lender or debtholder....

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Posted Under: Finance |

How to Invest wisely?

To understand how to invest wisely, first of all, you need to know why to invest. Only if you understand this part clearly, then you can move on to know how to invest wisely....

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Posted Under: Finance |

Goods & Services Tax (GST) (Status as on 01st April, 2017)

PRESENTATION PLAN :- WHY GST : BENEFITS, EXISTING INDIRECT TAX STRUCTURE, FEATURES OF CONSTITUTION AMENDMENT ACT, GST COUNCIL, MAIN FEATURES OF GST LAW, GSTN, ROLE OF CBEC, WAY FORWARD...

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Posted Under: Finance |

Rajya Sabha passes all four GST Bills without amendments

On Thursday i.e. April 6, 2017, the Rajya Sabha has passed four supplementary GST legislations without amendments by a voice vote as all parties were on board. The four Bills are as under:...

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Understanding Goods and Services Tax (GST)

GST Council - Decisions ◊ Threshold limit for exemption to be Rs. 20 lac (Rs. 10 lac for special category States) ◊ Compounding threshold limit to be Rs. 50 lac –not available to inter-State suppliers, service providers (except restaurant service) & specified category of manufacturers ◊ Government may convert existing Area based e...

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Posted Under: Finance |

Synopsis of Debate in Rajya Sabha on GST Bills on 06.04.2017

In my view this Bill is a very well thought out Bill. I would like to know that what would be the impact of this Bill on our GDP. The inflation would also fluctuate with the implementation of this Bill. My another concern is regarding the effect of GST on FDI after its implementation. ...

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Posted Under: Finance |

GST – Concept & Status – as on 5th April, 2017

The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market. ...

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Posted Under: Finance |

Crackdown against thousands of shell companies in last 3 years

Crackdown against thousands of shell companies engaged in nefarious activities was effected through enforcement actions (searches, surveys, arrests, prosecutions) by the LEAs (IT/ED/MCA/SFIO/CBI). During the last three financial years (2013-14 to 2015-16)...

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Section 269ST Basic Provisions as Per Income Tax Act

No person shall receive an amount of two lakh rupees or more— (a) in aggregate from a person in a day; or (b) in respect of a single transaction; or (c) in respect of transactions relating to one event or occasion from a person, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system...

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Analysis of New GST Invoice Rules: Rajya Sabha Passes 4 GST Bills

Finally, the wait is over, after an eight hour debate in Rajya Sabha(upper house of parliament), all four supplementary Bills were passed without any modification, which empowers the Government to roll out the GST in July 1, 2017 and make the nation a unified tax zone....

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Posted Under: Finance |
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