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Archive: 14 June 2017

Posts in 14 June 2017

Anti-dumping duty on imports of Hydrogen Peroxide

June 14, 2017 2031 Views 1 comment Print

Seeks to impose ADD on the imports of Hydrogen Peroxide originating in or exported from Bangladesh, Taiwan, Korea RP, Pakistan and Thailand for a period of five years.

Delhi Goods and Services Tax Act, 2017

June 14, 2017 2025 Views 0 comment Print

An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the National Capital Territory of Delhi and the matters connected therewith or incidental thereto

Manual filing and processing of bills of entry – regarding

June 14, 2017 6519 Views 0 comment Print

Attention of all Importers, Customs Brokers, Members of the Trade and others is invited towards Board’s Instructions No.-06/2017 dated 02.06.2017. It has been reiterated that manual bill of entry shall be allowed to be filed in EDI locations only in exceptional and genuine cases where permitted by the Principal Commissioner/ Commissioner of Customs strictly in accordance with the legal provisions w.e.f. 15.06.2017.

Sale of Leasehold Rights taxable and Section 50C applicable

June 14, 2017 5046 Views 0 comment Print

Assessee was allotted a residential plot on 19.01.2004 in Sector-105, Noida through lottery on payment of allotment money of Rs.1,30,000/-. The total purchase price of the plot was Rs. 16,75,000/-. 2. The assessee on 28.02.2004 entered into an Agreement to sell in respect of this plot with M/s Rosebud Construction Pvt. Ltd through its Director […]

SEBI Circular on Recording of NDU in Depository System

June 14, 2017 3129 Views 0 comment Print

It has been observed that some shareholders, primarily promoters, enter into non-disposal agreements/ non-disposal undertaking (NDU) for borrowing funds from various lenders. NDUs are typically undertakings given by a shareholder not to transfer or otherwise alienate the securities and are in the nature of negative lien given in favour of another party, usually a lender.

Cabinet clears Bill to deal with crisis in banks, insurers

June 14, 2017 573 Views 0 comment Print

The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation. It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill.

The Delhi Goods and Services Tax Act, 2017

June 14, 2017 4335 Views 0 comment Print

An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the National Capital Territory of Delhi and the matters connected therewith or incidental thereto

Time of Supply of Goods under GST

June 14, 2017 7857 Views 2 comments Print

Section 12: Time of Supply for Goods: A. If the taxable person is the Supplier of Goods Time of supply of goods shall be earliest of the following dates: 1. Actual date of issue of invoice or date of removal of goods, if it involves movement of goods or date of delivery of goods, if […]

ICSI invites suggestions on International Corporate Governance Code

June 14, 2017 846 Views 0 comment Print

It is a proud moment for the Institute which has conceptualized the International Corporate Governance Code for the first time in the world when no one has ever thought of having a universally accepted Corporate Governance norms.

22 FAQs on Real Estate (Regulation and Development) Act, 2016

June 14, 2017 6819 Views 0 comment Print

Q.1 Is completion certificate and occupancy certificate to be made available to allottees? A.1 Yes, when promoter obtains the completion certificate and occupancy certificate then the same will be made available to allottees individually or to Association of Allottees.

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