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Archive: December, 2016

Posts in December, 2016

Registration , Amendmen and Cancellation under Revised GST Law

December 18, 2016 4591 Views 0 comment Print

It is important to understand provision of GST law that when the registration is required like at what value of turnover , kind of person covered for registration, what are the situation where registration is required without the threshold limit means after the occurring of particular transaction or transaction by particular person.

Tender for appointment of GST consultant with New India Assurance

December 18, 2016 3775 Views 0 comment Print

e-Tenders are invited for Technical and commercial bids from Chartered Accountants firms for appointment as Goods & Services Tax (GST) Consultant.

Standing Committee’s report on Companies (Amendment) Bill, 2016- Analysis

December 18, 2016 2722 Views 0 comment Print

Analysis of various changes proposed in Companies Amendment Bill 2016 along with recommendation made by CLC and Standing Committee Report

Digital and Cashless Economy : A New Way of Life after demonetization

December 18, 2016 3758 Views 3 comments Print

Pay Digital and Win Prizes! As India moves towards a digital and cashless economy, Govt announced Lucky Grahak and Digi-Dhan Vyapar Yojana

Reports on Privilege to political parties are false & misleading

December 18, 2016 5390 Views 1 comment Print

All reports on alleged Privilege to political parties are false & misleading. Political parties have not been granted any new exemption or privilege

No new exemption to Political parties post demonetisation : FM

December 18, 2016 2155 Views 0 comment Print

Political parties have not been granted any exemption post demonetisation and introduction of Taxation Laws (Second Amendment) Act, 2016

Govt Restricts deposit of old Rs. 500 and 1000 notes in Bank Account

December 17, 2016 2469 Views 19 comments Print

Old notes can be deposited in an account only once now: No direct credit of amount in excess of Rs. 5000 deposited in account:

New Concepts of Supply in Revised GST Law

December 17, 2016 4537 Views 0 comment Print

Section 2(27) defines this term as “composite supply” means a supply made by a taxable person to a recipient comprising two or more supplies of goods or services, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply.

Service tax burden can be passed on by contractual agreement but revenue cannot be asked to wait for recovery of tax dues

December 17, 2016 3631 Views 0 comment Print

Whether burden of Service tax can be transferred to other party through contractual agreement? Further, whether Revenue can be asked to recover tax dues from the third party or wait till amount has been recovered from contractors?

Focus now on printing more Rs. 500 notes- Secretary DEA

December 17, 2016 1195 Views 0 comment Print

Secretary Economic Affairs, Government of India briefing the media about Demonetisation related issues and the US Fed rate hike, in North Block on 16.12.2016 has said the following- Printing of new Rs 500 notes has been stepped up: Shaktikanta Das US Fed Rate Hike factored in, markets will remain stable. it’s the first time new […]

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