"19 June 2017" Archive

News / Letter related to linking of Land Records with AADHAR is Fake

The letter attributed to Cabinet Secretariat on Digitalisation of Land Records & subsequent linking of the same to AADHAR, being widely circulated in the sections of social media is completely fake and mischievous. It is clarified that Govt. of India has issued no such letter. A police complaint has been filed in this regard and the matte...

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Posted Under: Corporate Law |

Registration of Charge by Companies under Companies Act, 2013

Section 2 (16) of the Companies Act, 2013 defines the word Charge as an interest or a lien created on a property or an asset of a company or any of its undertakings or both, as a security. A mortgage is also a type of Charge....

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Posted Under: Corporate Law |

Returns under CGST Act, 2017 with Rules

There are number of returns prescribed under GST law. Different returns are prescribed with due date of filing. Returns provisions are provided in Chapter –IX from Section 37 to 48 of the CGST Act,2017. ...

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Posted Under: Corporate Law |

GST rollout from July 1, 2017- GST Council eases rules for return filing for July & August

While sticking to the roll out date of July 1, 2017 for the first-of-its-kind mammoth indirect tax reform post independence in India, the all-powerful GST Council headed by the Hon’ble Finance Minister, Mr. Arun Jaitley concluded their meet for the 17th time on June 18, 2017. The GST Council on Sunday made the dreaded anti-profiteering ...

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Posted Under: Corporate Law |

How to avail Input Tax Credit in GST

There are different provisions for ITC in Excise and VAT laws. In GST the provisions of ITC are given. Some provisions of excise, service tax and VAT are merged while preparing provisions of ITC....

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Posted Under: Corporate Law |

Role of short term sensations in the long term investments

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumors spread like a wildfire. Because of this information overload we become so focused on details that we begin to ignore the overall situation. If we are unable to see the wood for the trees, then we need to tak...

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Posted Under: Corporate Law |

SEBI norms for disclosures / compliances by Municipal Securities issuers

SEBI Cicular No: CIR/IMD/DF1/60/2017 (19/06/2017)

Regulation 23 of the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 (SEBI ILDM Regulations) prescribe disclosures to be made by issuers making public issues of debt securities or seeking listing of debt securities issued on private placement basis to the Stock Exchange(s). The said disclosures, inter-alia,...

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CBEC notifies applicability date of Notification No. 14/2017 CE (NT)

Notification No. 18/2017-Central Excise (N.T.) (19/06/2017)

Notifying the date by which the Notification No. 14/2017 CE (NT) dated the 9th June 2017 related to Delegation of powers for the purpose of assignment of adjudication of show cause notices shall come into force....

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Filling up of posts up to the grade of ITO on ad-hoc basis

Notification No. F.No. A_35015/36/2016-Ad.VI (19/06/2017)

I am directed to refer to the subject mentioned above and to say that during the meeting of representatives of ITGOA and ITEF under the Chairmanship of Chairman, CBDT, held on 27052017, one of the Issues discussed was 'adhoc' promotion on functional basis against the vacancies arising after promotion to Assistant Commissioner of Income Ta...

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Draft Courier Imports and Exports (Clearance) Regulations, 2017

Notification No. /2017-Customs (N.T.)

Stakeholder consultation/comments are invited on Draft Courier Imports and Exports (Clearance) Regulations, 2017 for Manual courier clearance along with proposed manual forms, namely new Form Courier Bill of Entry-IV (CBE-IV), new Form Courier Bill of Entry-V (CBE-V), new Form Courier Bill of Entry-IX (CBE-IX) and new Form Courier Bill of...

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