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Archive: 12 November 2016

Posts in 12 November 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6462 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

GST Implementation, GST Deadline & GST As Money Bill

November 12, 2016 11563 Views 0 comment Print

GST implementation in India has a new deadline of 16th September, 2017. This has been aired by FM that anyhow GST will be implemented in India not later than the said date.

MVAT Notification about accepting cash payment

November 12, 2016 3898 Views 0 comment Print

Maharashtra Value added tax dealers may also pay the amount under clause (a), during the period the bank notes of existing series of denomination of the value of five hundred rupees and one thousand rupees

RBI on Withdrawal of Legal Tender Character of ₹ 500 and ₹ 1,000

November 12, 2016 3265 Views 0 comment Print

The withdrawal of the legal tender character of the then existing bank notes in ₹ 500 and ₹ 1,000 cast a huge responsibility on the banking system to swiftly withdraw these specified bank notes in as smooth a manner

Banks received deposit of 2 lakh crores in last 3 days

November 12, 2016 5923 Views 3 comments Print

Old notes of.Rs.500 and 1000 denominations amounting to about Rs. 2 lakh crores have been deposited to banks. There is sufficient cash available with RBI and Banks.

Caution against receipt of counterfeits / fake currency notes

November 12, 2016 3442 Views 0 comment Print

One of the primary objectives of cancellation of legal tender character of old series of Rs.500/- and Rs.1000/- notes was to check the menace of terror financing through counterfeit currency notes

Probable Reasons as to why new Rs. 2,000 notes are being issued

November 12, 2016 26413 Views 18 comments Print

Probable Reasons as to why the new Rs. 2,000 notes are being issued and actions already being taken before demonetization:

Conversion of a Firm to a Private Limited Company

November 12, 2016 3679 Views 0 comment Print

Initial conditions to be satisfied : 1. Minimum having seven partners, 2. Minimum share capital for private limited is Rs. 1,00,000, 3. No. Of directors shall be 2 or more., 4. Provision contained under section 47(xiii) needs to be adhered and the same is reproduced as below :

Demonetisations of Rs. 500 & 100 Notes– Consequence & Duties

November 12, 2016 15613 Views 8 comments Print

Articles discusses recent Demonetisations of the Higher Denomination Notes (Rs. 500 and Rs. 1000) by Government of India – synopsis, consequence and duties

All about replacement of old notes & Income Tax Provisions

November 12, 2016 23644 Views 7 comments Print

Guidelines for replacement of existing Rs 500 and Rs 1000 notes with new notes and to understand the procedure of scheme and relevant provisions of Income Tax.

Opportunities for Company Secretaries under Goods & Services Tax

November 12, 2016 4954 Views 4 comments Print

Over 150 countries have already implemented the GST. Most of the countries have a unified GST System. Brazil and Canada follow a dual system where GST is levied by both the Union and State Governments. France was the first country to introduce GST System in 1954.

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