"10 December 2016" Archive

37th Standing Committee report on Companies Amendment Bill 2016

Companies (Amendment) Bill, 2016 is based on the recommendations of Companies Law Committee after taking into account comments received on report....

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Posted Under: Company Law |

Analysis of ICDS VI – Effects of Change in Foreign Exchange Rates

a) Monetary items shall be converted into reporting currency by applying the closing rate and the difference shall be recognized as income or expenses in that previous year....

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Posted Under: Company Law |

IT dept Seizes Rs. 106.52 crore Cash & 127 kg Gold in Chennai

Seizure of Rs. 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax Department. Eight premises (six residential & two offices) were covered in the search....

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Posted Under: Company Law |

Changes Made in Schedule-II of Revised Draft Model GST Law

Schedule II prescribes such transactions which will be deemed to be supply of goods and services. There is not much change in this schedule....

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Posted Under: Company Law |

GST-Input Tax Credit under Revised model GST Law

Input tax in relation to a taxable person, means IGST, including that on import of goods, CGST and SGST charged on any supply of goods or services to him and includes tax payable under sub-section (3) of section 8, but does not include tax paid under section 9...

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GST Registration Amendment, Cancellation & Revocation

Every person whom schedule III is applicable is liable to register within 30 days. The registration is to be taken for every state, no centralized registration is available....

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Posted Under: Company Law |

Changes Made in Schedule-I of Revised Draft Model GST Law

As you are aware of the fact that revised draft GST law is published by the Government. Many changes have been made in the revised draft GST law in comparison to earlier draft GST law. If we compare the old draft GST law with the new revised draft GST law then we can study the changes which have been made and their impact on the trade and...

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Posted Under: Company Law |

Awareness Programme by RBI post demonetization

Following the cancellation of legal tender character of old banknotes of high denomination, to minimize the inconvenience to public, telephone helplines has been set up by RBI...

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Posted Under: Company Law |

5 Major Risks of Retiring Early and How to take early retirement by overcoming them?

Dreaming on How to take early retirement or How can I get early Retirement? seems fantastic. Just say goodbye to your work and pursue your passion, hobbies, engage in charity activities, travel or just sit and enjoy life....

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Posted Under: Company Law |

Promotion of cashless transactions in CBSE affiliated schools

CBSE/SECY/SPS/2016 10/12/2016

CBSE introduced e-payment for collection of fee for examination, affiliation & various activities including payments to its examination functionaries...

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