Article explains provisions relating to Levy and Supply under GST as given in (Draft) Model Goods and Services Act, 2016 (GST Act) been explained.
Finally India is converging to IFRS by adopting equivalent Standards i.e. Ind AS, as per the roadmap for implementation of Ind AS notified by the MCA. Ind AS contain numerous carve outs from IFRS and therefore Ind AS financials will not be the same as those prepared as per IFRS.
Sweat equity shares refers to equity shares given to the company’s employees on favourable terms, in recognition of their work. It is one of the modes of making share based payments to employees of the company.
Every person, other than a non-resident taxable person, a person required to deduct tax at source under section 37 and a person required to collect tax at source under section 43C, who is liable to be registered under Schedule III of this Act
These priorities are as under: 1. Maximising revenue collection 2. Delivering quality tax payer services 3. Promoting digital tax administration and transparency 4. Widening of tax base
S.O. 3355(E). Central Government hereby appoints the 1st November, 2016 as the date on which some provisions of Insolvency and Bankruptcy Code, 2016 shall come into force
Circular covers following- 1. Formulation of Rating Criteria and rating processes and public disclosure of the same.2. Accountability of Rating Analysts
Whole Time Member, SEBI has passed an Order on Oct 28, 2016 providing the exit to Bombay Commodity Exchange Limited (BCEL). BCEL is the first commodity derivatives exchange / deemed stock exchange to exit after merger of Forward Markets Commission with SEBI.
EOI for Appointment of Audit firms for conducting Internal Audit of NBCFDC for the Financial Year 2016-17. Last date of Submission- 14.11.2016.
Government has recently decided to carry out three kinds of changes in the Union Budget-to advance its presentation by 27 days, to do away with a separate railway budget and to dispense with the Plan and Non-Plan dichotomy in expenditure.
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