MCA, vide notification no. G.S.R. 258(E), dated 17.03.2017 has notified amendments to Ind AS 102(Share-based Payments) and to Ind AS 7(Statement of Cash Flows). Amendments to Ind AS 102, pertaining to the classification and measurement of share-based payment transactions clarify as to how to account for certain types of share-based payment transactions.
Last date for submission of Application: 22.04.2017 Request for Proposal (RFP) for Appointment of Consultants for Implementation of Goods and Services Tax (GST) by Dena Bank Download Request for Proposal (RFP) Download Corrigendum – 1 to RPF Download Pre-bid Queries and Responses
Request For Proposal (RFP) For Appointment of Consultants for Implementation of Goods and Service Tax (GST) and Compliance thereof in Union Bank of India
In terms of section 2 (61) of CGST bill Input Service Distributor (ISD) is an office of supplier which receives tax invoice towards receipts of input services and distributes the credit of central tax, state tax or union territory tax paid on the said services under a prescribed documents to its own ‘recipient office of credit’ who is the supplier under the same PAN as that of ISD.
In the case of Satya Nand Jha vs Union of India Honourable Supreme Court Upheld the Judgment of Jharkhand High Court and upheld the constitutional validity of Section 35F of the Central Excise Act, 1944.
There had been waves of changes since beginning of calendar year 2016 in Rules followed by Finance Act, 2016 and now further reinforced by the Finance Act, 2017. In fact, every business person is trying to adjust to the new law in Direct Taxes at the earliest, without loss of time, so as to be in GST-ready mode wef 01/07/2017, as per the present roadmap .
Migration into GST of a person having only VAT Registration: In such a case, he will be provided the Provisional ID and Password for getting migration into GST by the commercial tax department of his state.
