"23 August 2017" Archive

Casual taxable person in GST – All You want to know

A casual taxable person making taxable supply in India has to compulsorily take registration. There is no threshold limit for registration. A casual taxable person cannot exercise the option to pay tax under composition levy. He has to apply for registration at least five days prior to commencing his business in India....

Read More

National Anti-Profiteering Authority in GST- All You want to know

Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit should have been passed on to the recipient by way of commensurate reduction in prices. However it has been the experience of many countries that when GST was introduced there has been a marked increase in inflation and the prices of the com...

Read More

Input Service Distributor in GST- All You want to know

Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST)...

Read More

National Company Law Appellate Tribunal (Amendment) Rules, 2017

G.S.R. 1061(E). (23/08/2017)

“63. Appearance of authorised representative.- (1) Subject to provisions of section 432 of the Act, a party to any proceedings or appeal before the Appellate Tribunal may either appear in person or authorise one or more chartered accountants or company secretaries or cost accountants or legal practitioners or any other person to present...

Read More

Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM). The decision would facilitate consolidation among the Nationalised Banks to create strong and competitive banks. ...

Read More

GST on Selling of Space for advertisement in print media

Selling of space for advertisement in print media is leviable to GST @ 5%.If the advertisement agency works on principal to principal basis, that is, buys space from the newspaper and sells such space for advertisement to clients on its own account, that is, as a principal, it would be liable to pay GST @5% on the full amount charged by a...

Read More

GST: Compensation Cess On Automobiles

Goods and Services Tax (GST) in now a reality and then most of the present indirect taxes on goods and services shall become history making GST indeed historic. The launch ceremony at Parliament House has rewritten a new destiny, this time an economic one. GST, though has been claimed as one of the biggest tax reforms ever, it is also bei...

Read More

Are you aware of these 4 improbable claims often made to investors?

Financial Planners are here to provide professional assistance to investors, whereby the investor can have the best deal for the money staked by them. There are certain pitfalls that manifest themselves while the assistance of Financial Planners are sought and the buyer should always be aware of this while soliciting such services....

Read More

Will More Borrowing Improve My Credit Score or not?

Indians today are far more aware about the credit score and its importance. And as the awareness levels grow, so does the inquisitiveness on how does one manage and maintain the credit score. At Credit Sudhaar, we have experienced people having lots of views on this which can be passed on as nothing but misconceptions. […]...

Read More

GST और एक करदाता का दर्द

ये कैसा सरल कानून और कार्यतंत्र बनाया है सरकार ने GST का, जिसमें कि उसको रोज ही नए-नए सर्कुलर, अमेंडमेंट ही नहीं बल्कि extension भी लाना पड़ र...

Read More
Page 1 of 41234