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Archive: November, 2016

Posts in November, 2016

An important point on Enrollment application on GST portal

November 12, 2016 22480 Views 0 comment Print

The GST portal is user friendly, as on the front page state-wise schedule has been put out for enrolment of existing payers of excise duty, service tax and state taxes

A laconic view on goods and Services Tax (GST)

November 12, 2016 3772 Views 0 comment Print

GST is an Indirect tax reform and going to harmonize the indirect tax regime in India, minimizing the procedural and documentary compliance requirements, mitigating cascading effect of taxation

Section 186 of Companies Act 2013 – Loan & Investment by company

November 12, 2016 62764 Views 4 comments Print

No investment shall be made or loan or guarantee or security given by the Company unless resolution sanctioning it passed at the meeting of the Board with the consent of all the directors present at the meeting.

Crackdown on black money by demonetization will bring down inflation

November 12, 2016 3679 Views 0 comment Print

The Vice Chairman of NITI Aayog, Dr. Arvind Panagariya has said that the crackdown on black money by demonetization will bring down the inflation.

Tax on Online Services provided in India by foreign service provider

November 12, 2016 4453 Views 1 comment Print

To provide a level playing field to Indian service providers, the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval [OIDAR] services including electronic services in India, is being withdrawn with effect from 1st December, 2016.  With a view to provide a level playing field […]

Due date of filing DVAT return for 2nd quarter extended to 21.11.2016

November 12, 2016 1978 Views 0 comment Print

I hereby extend the last date of filing of online/hard copy of second quarter return for the year 2016-17, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure/enclosures to 21/11/2016.

Exemption of Toll fee on National Highways extended till 14.11.2016

November 12, 2016 1201 Views 0 comment Print

government has decided to extend the suspension of fees on all toll plazas on National Highways across the country till the midnight of 14.11.16. Earlier the exemption had been allowed till the midnight of 11.11.16.

Masterclass GST Series – “Are You Ready For GST”

November 12, 2016 9127 Views 0 comment Print

GST Strategies For Intelligent Companies & Professionals. An Advance & Exhaustive GST Corporate Seminar on 24th November 2016 (Thursday) at Novotel, Juhu, Mumbai (9.15 a.m. to 5.15 p.m.)

Daily Reporting of exchange of ₹ 500/- and ₹ 1000/- Bank Notes

November 11, 2016 5734 Views 0 comment Print

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes in terms of which the banks are required to report daily position on exchange of SBN to RBI.

Issue of Pre-Paid Instruments to foreign tourists

November 11, 2016 856 Views 0 comment Print

In order to avoid any inconvenience to foreign tourists, Authorized Persons may issue Pre-paid instruments to them in terms of the instructions issued by Department of Payments and Settlement System, Reserve Bank of India, in exchange of foreign exchange tendered. Passport may be treated as a valid document for issuance of the said documents.

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