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Action Plan to Reduce Government Litigation

Just 3 days to Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Action Plan to Reduce Government Litigation+ Department of Justice June 13, 2017 Introduction Pendency in Supreme Court – 60,750 cases . In High Courts – 40 lakhs cases in 2016.  In District and Subordinate Courts 2.74 crore...

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Posted Under: Corporate Law |

Provisional ID will be your GST Identification Number (GSTIN)

Just 3 days to Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Existing Taxpayers of VAT, Service Tax, Central Excise DO NOT WORRY If you have not enrolled for GST yet, or If you have activated your account under enrollment but not submitted the application ENROLLMENT WINDOW WILL REOPEN ON […...

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Posted Under: Corporate Law |

Insolvency Professional without Certificate of Registration?

IBC Code read with the Regulations allow only a person having the required qualification and experience to be enrolled as a member of an IPA and thereafter registered as an IP with the IBBI. Only such a person can act as IP and render services as an IP under the Code. ...

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Posted Under: Corporate Law |

List of 89 items having Reduced Tax Liabilities under GST regime

In a majority of supplies of goods, the tax incidence approved by the GST Council is much lower than the present combined indirect tax rates levied [on account of central excise duty rates / embedded central excise duty rates / service tax post-clearance embedding, VAT rates or weighted average VAT rates, cascading of VAT over excise duty...

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Posted Under: Corporate Law |

Reduced Liability of Tax on complex, building, flat etc. under GST

1. Construction of flats, complex, buildings will have a lower incidence of GST as compared to a plethora of central and state indirect taxes suffered by them under the existing regime....

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Posted Under: Corporate Law |

Agenda of 17th GST Council Meeting to be held on 18th June, 2017

Main agenda items of the 17th GST Council Meeting include confirmation of the minutes of the 16th GST Council meeting held on 11th June, 2017, approval of draft GST Rules and related Forms for (i) Advance Ruling, (ii) Appeals and Revision, (iii) Assessment and Audit, (iv) E-Way Bill & (v) Anti-Profiteering, and Fitment/adjustment of GST R...

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Posted Under: Corporate Law |

CBI clarifies on Extradition of fugitive Vijay Mallya

As the fugitive Mallya has been in London since March 2016, the request for Extradition of Vijay Mallya was forwarded on 09.02.2017 to UK authorities through diplomatic channels. The extradition dossier contained details of evidence including the charge sheet filed u/s 173 Cr.PC. along with relied upon documents and non-bailable warrant o...

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Posted Under: Corporate Law |

ICSI wishes Happy PCS Day to all Professional Colleagues

Pertinently quoted that Appreciate everything that you and your comrades do for the professional. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of acclaim. They're absolutely free and worth a fortune. For the profession of Company Secretaries, the real day for paving the way towards real admiration...

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Posted Under: Corporate Law |

Post-implementation Review – IFRS 13 Fair Value Measurement

The IASB has issued a request for stakeholders to tell the Board about their experience with the accounting standard that explains how to measure the ‘fair value’ of assets and liabilities, IFRS 13. The aim is to check whether the Standard meets its objectives. ...

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Posted Under: Corporate Law |

Disclosure Initiative – Principles of Disclosure

The IASB has published Discussion Paper that suggests principles to make disclosures in financial statements more effective. This Discussion Paper, published by the International Accounting Standards Board, could lead to amendments to IAS 1, the Standard covering general disclosure requirements, or the development of a new general disclos...

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Posted Under: Corporate Law |
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