Finance Minister Shri Arun Jaitley signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting at Paris on 7th June, 2017 on behalf of India.
To ensure smooth and successful roll out of GST w.e.f. 1st July 2017, the likely date of implementation of GST, it is decided to constitute a GST Facilitation Cell in DGFT Headquarter and all Regional offices of DGFT to serve as the first point of contact for addressing any issues regarding GST in respect of Foreign Trade Policy.
The word health originates from the root word whole. If one has to experience a sense of wholeness, it is important that besides the body and mind, one’s energy also functions at a certain level of intensity. If your energy is in proper balance and full flow, you will be in perfect health physically and psychologically.
In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-L of the Reserve Bank of India Act, 1934 (Act 2 of 1934), the Reserve Bank of India being satisfied for the purpose of enabling it to regulate the credit system of the country to its advantage it is necessary so to do, hereby issues Master Directions – Information Technology Framework for the NBFC Sector, 2017 hereinafter specified.
Voluntary Liquidation under IBC 2016 A New Beginning The Central Government has, on 30 March 2017, notified, inter alia, Section 59 of the Insolvency and Bankruptcy Code, 2016 (Code) which deals with voluntary liquidation of corporate entities with effect from 1 April 2017. On next day, IBBI, vide its notification dated 31 March 2017, notified […]
Section 54EC- Govt Notifies that any bond redeemable after three years and issued on or after 15th June, 2017 by Power Finance Corporation PFC) Limited
Depositing our pay cheques in bank and using the credit and ATM card for spending seems easy. However keeping the track of your income and expenses, to get full value for your money is possible only with budgeting. Budgeting helps most of us to keep track of our income and spending and not overspend.
After the enactment of CGST Act 2017, the GST council also finalised the valuation rules to be applied in case of certain set of situations/ circumstances. Broadly, under the GST regime following references have been made in context of the valuation of Goods and Services-
The GST Council at its meeting on May 18, 19 has evolved a consensus on GST rates for goods and services, leading us closer to July 1 implementation. The underlying objective of rate declaration was clear for some time, which is to maintain the current effective indirect tax burden to control inflation and avoid surprises. The government has kept a large number of items under 18% tax slab.
Model GST Law was released in the Month of June 2016 wherein Meaning and scope of supply was given in Section 3 of Law. Section 3(1)(c ) stated that goods or services delivered even without consideration will be treated as supply provided it is covered in Schedule I. Heading of Schedule I was MATTERS TO BE TREATED AS SUPPLY EVEN WITHOUT CONSIDERATION. V point of Schedule stated that supply of goods or services to another taxable or non taxable person even without consideration will be treated as supply.
