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Archive: 19 June 2017

Posts in 19 June 2017

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3852 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3498 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

News / Letter related to linking of Land Records with AADHAR is Fake

June 19, 2017 1425 Views 0 comment Print

The letter attributed to Cabinet Secretariat on Digitalisation of Land Records & subsequent linking of the same to AADHAR, being widely circulated in the sections of social media is completely fake and mischievous. It is clarified that Govt. of India has issued no such letter. A police complaint has been filed in this regard and the matter is being investigated.

Registration of Charge by Companies under Companies Act, 2013

June 19, 2017 9144 Views 2 comments Print

Section 2 (16) of the Companies Act, 2013 defines the word Charge as an interest or a lien created on a property or an asset of a company or any of its undertakings or both, as a security. A mortgage is also a type of Charge.

Returns under CGST Act, 2017 with Rules

June 19, 2017 20868 Views 2 comments Print

There are number of returns prescribed under GST law. Different returns are prescribed with due date of filing. Returns provisions are provided in Chapter –IX from Section 37 to 48 of the CGST Act,2017.

GST rollout from July 1, 2017- GST Council eases rules for return filing for July & August

June 19, 2017 4989 Views 0 comment Print

While sticking to the roll out date of July 1, 2017 for the first-of-its-kind mammoth indirect tax reform post independence in India, the all-powerful GST Council headed by the Hon’ble Finance Minister, Mr. Arun Jaitley concluded their meet for the 17th time on June 18, 2017. The GST Council on Sunday made the dreaded anti-profiteering clause more palatable specifying a sunset clause of two years even as it relaxed the deadline for filing returns under the GST till September.

Mandatory Pre-Deposit U/s. 129E of Customs Act is Constitutionally Valid: Bombay HC

June 19, 2017 6618 Views 1 comment Print

The Bombay High Court has upheld the constitutional validity of Section 129 E of the Indian Customs Act, 1962, that makes pre- deposit mandatory for filing an appeal before the tribunal or the Commissioner (Appeals) concerned.

How to avail Input Tax Credit in GST

June 19, 2017 16248 Views 4 comments Print

There are different provisions for ITC in Excise and VAT laws. In GST the provisions of ITC are given. Some provisions of excise, service tax and VAT are merged while preparing provisions of ITC.

Role of short term sensations in the long term investments

June 19, 2017 1224 Views 1 comment Print

In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumors spread like a wildfire. Because of this information overload we become so focused on details that we begin to ignore the overall situation. If we are unable to see the wood for the trees, then we need to take a step back from the situation, to regain a wider perspective.

SEBI norms for disclosures / compliances by Municipal Securities issuers

June 19, 2017 702 Views 0 comment Print

Regulation 23 of the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 (SEBI ILDM Regulations) prescribe disclosures to be made by issuers making public issues of debt securities or seeking listing of debt securities issued on private placement basis to the Stock Exchange(s). The said disclosures, inter-alia, include disclosures for financial as well as non-financial information.

CBEC notifies applicability date of Notification No. 14/2017 CE (NT)

June 19, 2017 4431 Views 0 comment Print

Notifying the date by which the Notification No. 14/2017 CE (NT) dated the 9th June 2017 related to Delegation of powers for the purpose of assignment of adjudication of show cause notices shall come into force.

Filling up of posts up to the grade of ITO on ad-hoc basis

June 19, 2017 1434 Views 0 comment Print

I am directed to refer to the subject mentioned above and to say that during the meeting of representatives of ITGOA and ITEF under the Chairmanship of Chairman, CBDT, held on 27052017, one of the Issues discussed was ‘adhoc’ promotion on functional basis against the vacancies arising after promotion to Assistant Commissioner of Income Tax for vacancy year 2014-15 & 2015-16

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