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Archive: 18 July 2017

Posts in 18 July 2017

JITSIC Tackling Global Tax Risks

July 18, 2017 639 Views 0 comment Print

India participated in the fourth Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting reconvened in Paris to pursue the work on the Panama Papers in the last week of June 2017.

How to create GST Payment Challan and Edit the Saved Challan

July 18, 2017 36435 Views 0 comment Print

Article explains how is a GST payment Challan is generated for making payments without logging or after logging onto the GST Portal. It also explains how to retrieve the saved Challan and edit it and once a Challan is saved, it is valid for how many days? A. Manual on Create Challan (Pre Login) under […]

FAQs on GST Enrolment Activities Post Appointed Date

July 18, 2017 2499 Views 0 comment Print

Yes, the Enrolment Application for enrolment under GST can be rejected in case incorrect details have been furnished or uploaded fake or incorrect documents have been attached with the Enrolment Application.

Exposure Draft of Ind AS 116, Leases

July 18, 2017 2181 Views 0 comment Print

Following is the Exposure Draft of the Ind AS 116, Leases, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of this Exposure Draft. Comments are most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide suggestions for alternative wording.

Appointment of Cost Auditor for F.Y. 2017-18 with NTPC Limited

July 18, 2017 1515 Views 0 comment Print

NTPC Ltd. invites Expression of Interest (EOI) for Empanelment/ Appointment of cost Auditors for the financial Year 2017-18. Interested firms having requisite experience in Cost Audit may send their application in prescribed format in sealed envelope

What Differentiates a Financial Planner from Investment Advisor?

July 18, 2017 1644 Views 1 comment Print

A few decades ago, there was confusion with what sales and marketing are. People thought they are one and the same. But it is to be understood that sales is just an important ingredient of the functions of marketing.

RERA: Penalties & Punishments for Non compliance by Promoters

July 18, 2017 8067 Views 0 comment Print

This article discusses in detail Penalties and Punishments for Non compliance by Promoters & compounding of offences under of RERA (Real Estate Regulation and Development Act, 2016).

Checklist on Composition Scheme under GST

July 18, 2017 8841 Views 11 comments Print

1 Whether the person with an annual turnover of less than 75 lakhs on the sale of goods or services in the preceeding financial year in a single state have opt to pay a tax under composition scheme? Conditions: Provided that no such permission shall be granted to a taxable person who effects any inter-State supplies of goods and/or services.

Notified goods and services under reverse charge in GST Acts

July 18, 2017 39354 Views 3 comments Print

We have compiled two notifications, in relation to Reverse Charge mechanism in the GST Acts, issued by the Central Government on the recommendation of the GST Council. One is notifying certain goods on supply of which tax shall be borne by the recipient of such goods and the other is notifying certain services on supply of which tax shall be borne by the recipient of such services.

Packed Milk to Cost more under GST

July 18, 2017 27885 Views 6 comments Print

Trade and Industry is still working out the revised cost of their products/services under the GST regime. GST regime has affected the Dairy Industry negatively. Fresh milk and pasteurised milk, including separated milk, milk and cream, not concentrated nor containing added sugar or other sweetening matter, excluding Ultra High Temperature (UHT) milk

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