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Archive: December, 2016

Posts in December, 2016

Transitional Provisions Under GST – CENVAT Credit

December 20, 2016 7852 Views 0 comment Print

The success in implementation of the Goods and Service Tax (GST) through-out India, depends a lot on smooth transition from the current Indirect tax structure to the GST regime. If the transition is smooth, then it will obviously be heartening for all the stakeholders involved (i.e. both the tax collectors and tax payers).

How to Install GST Dealer Registration App on Mobile phone

December 20, 2016 5356 Views 1 comment Print

How can I download and install the Dealer Registration App on my mobile phone from Google Play Store? To install and download the Dealer Registration App Android version from Google Play store, perform the following steps:

7 Suggestions for changes in Revised Draft Model GST Law

December 20, 2016 2392 Views 0 comment Print

The taxable event for the levy of GST is the supply of goods or services. Accordingly, the definition of manufacturer, first and second stage dealers do not augur well in the GST regime and add more confusion rather than the solution.

SC guideline on National anthem of India

December 20, 2016 1069 Views 0 comment Print

National Anthem should not be utilized by which person involved with it either directly or indirectly shall have any commercial benefit or any other benefit.

Order No. 201 of 2016- Promotion order in the grade of CCIT

December 20, 2016 1651 Views 0 comment Print

With the approval of Competent Authority, following officers are, hereby, granted HAG+ scale of pay (Rs. 75,500 – 80,000) (pre-revised) with effect from date indicated against each of them:-

Guidelines for public issue of units of REITs

December 19, 2016 1318 Views 0 comment Print

SEBI (Real Estate Investment Trusts) Regulations, 2014 – a) Regulation 14(24) states that The Board may specify by issue of guidelines or circulars any other requirements, as it deems fit, pertaining to issue and allotment of units by a REIT.’

Use only SPICe forms for company incorporation: MCA

December 19, 2016 2752 Views 0 comment Print

Stakeholders may kindly note that existing INC-2 and INC-7 eforms are likely to be withdrawn from the MCA portal shortly. Stakeholders will then have to use only SPICe (Simplified Proforma for Incorporating a Company electronically) forms

Reg. Issue of Invoice for online services without digital signature

December 19, 2016 2401 Views 0 comment Print

A person located in non taxable territory providing online information and database access or retrieval services to a non-assesse online recipient to issue online invoices not authenticated by means of a digital signature for a period upto 31st January 2017.

Amount exceeding Rs. 5000 in old notes can be deposited only once

December 19, 2016 6337 Views 3 comments Print

It has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier.

Tips to Employees: Whether Form Part of Salary or Perquisite and Profits In Lieu of Salary & Liable to TDS?

December 19, 2016 3187 Views 0 comment Print

SC held that income from tips would be chargeable in the hands of employees as income from other sources, such tips being received from customers and not from employer

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