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Archive: 23 August 2011

Posts in 23 August 2011

Co-Operative Societies, Principles, Types of Societies and Registration of the Societies in Mahaarashtra

August 23, 2011 42074 Views 9 comments Print

There are different types of Co-operative Societies, which can be registered under the Maharashtra Co­operative Societies Act, which were explained earlier. In all these types of societies, the procedure to be followed for formulation of registration proposals slightly differs. The requirements in respect of each type of co-operative society’s needs to be properly understood by every promoter, or the professional charged with the responsibility of getting the society registered (chief promoter).

Disallowance u/s. 40A(9) for Statutory Corporations cannot be made as their Service Regulations have ‘force of law’ – ITAT Pune

August 23, 2011 109884 Views 0 comment Print

Maharashtra State Warehousing Corporation Vs ACIT (ITAT Pune)- Service Regulations framed by the appellant Corporation for the terms and conditions of employment and services of their employees carry a statutory force.

Govt approves creation of portal ‘Goods and Service Tax Network’ (GSTN)

August 23, 2011 2314 Views 0 comment Print

The Empowered Committee of State Finance Ministers gave its in-principle approval for creation of a portal, ‘Goods and Service Tax Network’ (GSTN), which is expected to provide an interface to all stakeholders, and avoid evasion in indirect taxation systems. A special purpose vehicle (SPV) will be set up for introducing the information technology infrastructure (GSTN), which is based on recommendations made by a group chaired by Nandan Nilekani.

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