Consultation Paper- Continuous disclosures to be made by Infrastructure Investment Trusts registered under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 1. Real estate and infrastructure sectors are considered to be the two most fundamental sectors for the growth of any economy. They contribute to the economy directly by creating employment opportunities and stimulating demand, and […]
After issuing Joint Committee Reports on registration, refund, tax payment and filing of return last month, the government has issued draft model law on GST. There would be separate Acts for CGST, SGST and IGST. The model Act would guide for drafting GST Act for each of the state.
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 86/2016-Customs (N.T.) New Delhi, 15th June, 2016 S.O. 2117(E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied […]
One thing which every shareholder across various companies would dream for is receipt of bonus shares. The word ‘bonus’ has a very positive connotation, implying something extra or some gains at no cost. Issue of bonus shares is the most popular way by which companies like to utilize their large accumulated reserves. Over the years of operation, most growing companies build significant accumulated profits and reserves by ploughing back profits. Sometimes, this accumulated surplus is well above company’s current and likely future operational needs.
The Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 (Profession Tax Act) is implemented with effect from 1st April, 1975. Under this act, every self employed person engaged in any profession, trade, callings and employment in the state of Maharashtra is required to obtain Enrollment certificate registration and pay Profession Tax as prescribed in the law.
All the instructions are only for the Dealers who are not eligible to file form 704 Audit Report as per provisions laid down u/s 61 of MVAT Act, 2002. (Hence following instructions are not meant for the Dealers who are Eligible to file form 704 Audit Report.) As per provisions u/r 17(4) of MVAT Rules, […]
