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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 |

Draft Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2017

Stakeholder consultation/comments are invited on Draft Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2017 for electronic clearances along with proposed electronic forms, namely,new Form Courier Bill of Entry-XII (CBE-XII), new Form Courier Bill of Entry-XIII (CBE-XIII), new Form Courier Bill of Entry-XIV...

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Posted Under: Corporate Law |

Draft Bill of Entry (Forms) Amendment Regulations, 2017.

Stakeholder consultation/comments are invited on draft notification for amendment to Bill of Entry(Forms) Regulations, 1976 for Non-EDI locations or for Manual clearance along with New Form I, New Form II & New Form III for manual Bill of Entry incorporating provisions for IGST....

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Posted Under: Corporate Law |

Draft Shipping Bill and Bill of Export (Forms) Regulations, 2017

Stakeholder consultation/comments are invited on Draft Shipping Bill & Bill of Export regulations for Non-EDI locations or for Manual clearance and proposed Manual Shipping Bills Forms- SB I, SB II, SB III & SB IV....

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Posted Under: Corporate Law |

Recommendations Regarding Composition Levy and GST Rate on Certain Goods

The GST Council, in its meeting held on 11th June, 2017, had recommended increase in the turnover limit for Composition Levy for CGST and SGST purposes from Rs.50 lakh to Rs.75 lakh for all eligible registered persons. However, no clear view was taken as to whether or not this increased turnover limit will apply in case of Special Categor...

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Posted Under: Corporate Law |

17th GST Council meeting- Decisions on rates for Services & on Lottery

. It has been decided in respect of the service of transport of goods by a vessel that GST rate of 5% will be available with ITC in respect of input services and GST paid on ships, vessels including bulk carriers and tankers....

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Posted Under: Corporate Law |

GST from 1st July 2017 with Relaxation in return filing first 2 months

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) containing summary of outwar...

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Posted Under: Corporate Law |

IBBI constitutes Working Group to implement IBC, 2016

The Insolvency and Bankruptcy Board of India has constituted a Working Group for recommending the strategy and approach for implementation of the provisions of the Insolvency and Bankruptcy Code, 2016 to deal with insolvency and bankruptcy in respect of (i) Guarantors to Corporate Debtors, and (ii) Individuals having Business, and draftin...

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Posted Under: Corporate Law |

Monthly Summary of Ministry of Corporate Affairs for May, 2017

This Ministry vide Circular no. 04/2017 dated 16.05.2017 has issued a clarification that applications rejected by the Regional Director under Section 22(1) (ii) (b) of Companies Act, 1956 on the ground of expiry of limitation period cannot be reconsidered on a fresh application made under Section 16(1)(a) of the Companies Act, 2013....

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Posted Under: Corporate Law |

Important info related to GST Registration

Just 3 days to Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II The way forward: 1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN): You should be able to download the Provisional Registration Certificate from “Download Certificates” at GST website from 27th J...

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Posted Under: Corporate Law | ,
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