2 Archive - 12 April 2017

"12 April 2017" Archive

Appointment of CA Firms with PSPCL for IND-AS implementation

The offer shall be considered only from Indian, Technically competent, experienced and financially sound Chartered Accountant firms who meet the following pre-qualification requirements/criteria:...

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Posted Under: Finance |

Govt to implement SC Judgment on Target Plus Scheme under FTP 2004-09

It held that the Notification No. 48/2005 dated February 20, 2006 (certain products were made ineligible) and Notification No. 8/2006 dated June 12, 2006 (rates were reduced to 5% from the earlier 5, 10 and 15%) related to the Target Plus Scheme (TPS) could not be applied retrospectively and they would be effective only from the date of t...

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Posted Under: Finance |

Duty of employer to inform employee of his rights for Compensation

Notification No. 11 of 2017 12/04/2017

Section 17A. Every employer shall immediately at the time of employment of an employee, inform the employee of his rights to compensation under Employee's Compensation (Amendment) Act, 2017....

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Central Goods and Services Tax Act, 2017

NO. 12 OF 2017 12/04/2017

1. (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to the whole of India except the State of Jammu and Kashmir. An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental t...

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Entry of Indian Corporates in E-Commerce

Did you know that India is the fastest growing market for e-commerce? The e-commerce market in India is expected to hit $64 billion by 2021. In Asia Pacific, fashion and apparel tops the list followed by consumer electronics and computer hardware. ...

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Posted Under: Finance |

Integrated Goods and Services Tax Act, 2017

No. 13 of 2017 12/04/2017

An Act to make a provision for levy and collection of tax on inter-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto....

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Union Territory Goods and Services Tax Act, 2017

No. 14 of 2017 12/04/2017

1. (1) This Act may be called the Union Territory Goods and Services Tax Act, 2017. (2) It extends to the Union territories of the Andaman and Nicobar Islands, Lakshadweep, Dadra and Nagar Haveli, Daman and Diu, Chandigarh and other territory....

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Tax Exemption to Startups in India

Press Information Bureau Government of India Ministry of Commerce & Industry 12-April-2017 13:18 IST Tax Exemption to Startups Various tax exemptions have been given to Startups in the recent past – Following direct tax incentives were provided in Income-tax Act,1961 (‘the Act’) to promote Start-ups through Finance Act,2016:...

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Posted Under: Finance |

GST (Compensation to States) Act, 2017

No. 15 OF 2017 12/04/2017

1. (1) This Act may be called the Goods and Services Tax (Compensation to States) Act, 2017. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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Companies (Removal of Names of Companies from Register of Companies) Amendment Rules, 2017

F. No. 1/28/2013-CLV 12/04/2017

G.S.R. ....(E).- In exercise of the powers conferred by sub--sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016...

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