"01 July 2017" Archive

Govt already notified rules for issue of GST registration certificate

The rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue of registration certificate, called Goods and Services Tax Identification Number (GSTIN), to taxpayers who have...

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Getting complete protection against Cancer and Heart ailments isn’t that difficult anymore

Cancer and heart attacks are two of the most common diseases affecting people today. If you take a few seconds, you will certainly remember someone who has suffered or is suffering from these conditions. Fortunately, the latest technology in medical science and the marvels of modern medicine are making it easier for people to fight cancer...

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Seeks to rescind notification no. 318/1976-Customs, dated 2nd August, 1976

Notification No. 62/2017 – Customs (01/07/2017)

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do...

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GST: What to do now and How to do

India is going to implement GST from 1st July, 2017. Everyone is confusing what to do now and how to do. In this regards, at this moment these two things are most important...

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Your GST Checklist: Are you ready?

GST is a procedure driven system where timely and accurate compliances are necessary. We list important actions you should keep in mind as a GST-registered firm....

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Do you have a Risk Management Plan?

Risk management plan is an integral part of any financial plan. Creating a financial plan without risk management plan is like starting a journey without doing any preparation for the vehicle such as checking the stepney, break oil level and other conditions of the vehicle. Not doing all these can make your journey towards a destination h...

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Managing Director – “Captain of the ship”

In general, Director means a person who is in charge of an activity, department or entity. With regards to social norms, we can say that father of the children or bread winner of family is Director of the family. As per section 2(34) of the Companies Act, 2013 (hereinafter referred to as Act) Director means a director appointed to the Boa...

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Tariff Value Notification No. 69/2017-Customs (N.T.) dated 01.07.2017

Notification No 69/2017-Customs (N.T.) (01/07/2017)

Notification for further amendment in CBEC Tariff Value Notification No. 62/2017-Customs (N.T.) dated 30.06.2017 vide Notification No 69/2017-CUSTOMS (N.T)....

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GST: Do you know which existing taxes are continuing and getting subsumed in GST era?

Advent of GST is bringing drastic changes in the indirect tax structure. Although GST is propogated as single indirect tax , it will be major indirect tax and other indirect tax will remain intact. Professional need to understand which taxes are getting subsumed and which taxes will remain post GST...

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RBI Master Circular 2017- Credit facilities to SCs & SSTs

RBI/2017-18/7 FIDD.CO.GSSD.BC.No.06/09.09.001/2017-18 (01/07/2017)

Please refer to the Master Circular FIDD.CO.GSSD.BC.No.03/09.09.001/2016-17 dated July 01, 2016 consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Tribes (STs)....

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