"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....

Read More
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....

Read More
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:...

Read More

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...

Read More
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. ...

Read More
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)...

Read More
Posted Under: Finance |

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...

Read More
Posted Under: Finance | ,

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....

Read More
Posted Under: Finance |

GST in India – Is it really a “One Nation One Tax”

The term GST stands for Goods and Services Tax, and would be a comprehensive indirect tax levy in India on manufacture, sale and consumption of goods as well as services at the national level. Its main objectives are to cover most of the indirect tax levies into a single tax...

Read More
Posted Under: Finance |

Checklist relating to government business for internal / concurrent audit

RBI/2016-17/271 DGBA.GAD.No.2646/31.02.007/2016-17 (07/04/2017)

Internal inspectors/auditors may verify the agency commission claims submitted by branches and confirm their accuracy during the course of their inspection/audit. The following may be specifically examined during the course of internal/concurrent audit at agency bank branches:...

Read More
Page 1 of 3123

Search Posts by Date

GST Online Banner