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Newly inserted Article 246A(1) in the Constitution of India (‘the Constitution’), effective from 16-09-2016 gives concurrent power to the Centre and the State to levy GST on the supply of goods and services, subject to clause (2) which gives exclusive power to the Centre to levy GST on the inter-state supply of goods and services.
DGFT has constituted a GST facilitation cell in DGFT Headquarters to assist and advice exporters , trade and industry for smooth transition from present regime to GST regime w.e.f. 1st July 2017.
Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhar / Enrolment ID of Aadhar application form, for a) making an application for allotment of Permanent Account Number and b) filing of return of income with effect from 1st July, 2017.
As the assessee was not drawing any salary from POL then in our considered view the perquisites cannot be determined in terms of the provision of Sec. 17(2) r.w.r. 3 of the Rules.
Rapid urbanizationis one of the major factor in which our country is facing a massive waste management challenge today. India suffers from inadequate waste infrastructure and a tremendous increase in solid waste generation per capita. Segregation of waste at source and resource recovery is the key to well- established waste management practice in India. Sanitary landfills are considered to be ultimate means of disposal waste that cannot be reused or recycled.
There is good news for the traders selling items of value exceeding Rs. 25,000/- per piece, which are sold under the brand name of the manufacturer / principal manufacturer and where such items are identifiable as a distinct number such as chassis of a car etc.
GSTN holds a Review Meeting with GST Suvidha Providers (GSPs) to Assess Readiness for GST roll-out from 01st July, 2017; GSPs advised to continue to visit the GSP ecosystem webpage on the GSTN website (www.gstn.org/ecosystem) for all information, latest updates and guidelines.
Official Liquidator (OL) could file claim within a period of four years from the date of winding up order, by taking the benefit of one year period immediately following the date of the winding up order, as provided under section 458A of the Act and the three years period provided under Article 137 of the Limitation Act.
Yoga is the way to realize the ultimate truth referred to in Vedanta and universal energy field in Quantum physics. The sublime and imperceptible truth of Vedanta is made more concrete through Yoga. It is the launching pad for one’s journey into inner space.
The critical importance of obtaining better outcomes from government expenditure is highlighted by the following. According to India’s Public Finance Statistics (latest data is for 2015-16), India’s total government expenditure at all levels (on cash accounting basis) at all levels was ₹38 trillion, (equivalent to 27.9 percent of GDP). In the same year, revenue receipts and tax revenue at all levels were ₹28.4 trillion (equivalent to 20.9 percent of GDP), and ₹24.2 trillion (equivalent to 17.8 percent of GDP).
