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Archive: July, 2017

Posts in July, 2017

Rights and Duties of a Buyer i.e. Allotte under RERA and Model AFS

July 17, 2017 13957 Views 7 comments Print

Introduction: This article discusses in detail the rights and duties of a buyer / allottee under RERA and model agreement for sale (Model AFS).

GST Model Overview

July 17, 2017 6351 Views 2 comments Print

What is Goods and Services tax ? GST is a Value added Tax (VAT) and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and […]

Vacancy for CA / MBA having experience in Project Financing

July 17, 2017 11034 Views 0 comment Print

Vacancy for CA or MBA having experience in Project Financing of 8 to 15 Years for Vadodara (Gujarat) Location in a Company engaged in the Business of Power, Chemicals and Pharmaceutical for the Role of Finance Manager.

Operational problems being faced by EOU in GST regime

July 17, 2017 3660 Views 0 comment Print

EOUs are allowed duty free import of goods under notification No.52/2003-Custom dated 31-3-2003. However, in view of GST the said notification has been consequently amended by notification No. 59/2017-Customs dated 30-6-2017.

Govt. notifies 7.8% interest rate for 2nd quarter on non-Govt. PF, Superannuation and Gratuity Fund

July 17, 2017 1299 Views 0 comment Print

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect from 1st July, 2017 to 30th September, 2017, bear interest at 7.8% (Seven point eight percent). This rate will be in force w.e.f. 1st July, 2017.

Foreign Business Tour by Non-Employee Director/Shareholder of Company not taxable as Perquisite

July 17, 2017 3762 Views 0 comment Print

Assessee was a non-employee director and share holder in the company and no salary or director’s fees was paid to her by the company during the year under consideration.

GST Service Invoice Utility Demo Version

July 17, 2017 3342 Views 0 comment Print

This utility is based on Ms Excel and provides a very simple way to generate the invoices as per the guidelines under GST regime.

How to Track Payment Status with and without Login

July 17, 2017 54444 Views 1 comment Print

If Payment status is PAID, then the VIEW RECEIPT button is enabled and Taxpayer can view the receipt and also download the receipt after clicking on the VIEW RECEIPT button. In case of any other Status of challan (other than PAID), Taxpayer will be able to View the Challan.

What Taxpayer can view on GST Portal / Dashboard after Login with FAQs

July 17, 2017 18891 Views 0 comment Print

To view your complete profile on the GST Portal, perform the following steps: Access the www.gst.gov.in URL. The GST Home page is displayed. Login to the GST Portal with valid credentials. On the top right corner of the page displayed, click the down arrow appearing next to your username, and then click on the My Profile option.

Fast Track Insolvency Process of Corporate Person (Chapter IV of Part II of the Code)

July 17, 2017 4539 Views 1 comment Print

Fast Track Insolvency Process of Corporate Person (Chapter IV of Part II of the Code) SECTION 55 -58 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, READ WITH IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 CHAPTER II, PART II OF THIS CODE (Procedural Manner) CHAPTER VII, PART II OF THIS CODE (Offences & […]

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