"25 September 2017" Archive - Page 3

SEBI Clarification to Enhanced Supervision Circular

CIR/HO/MIRSD/MIRSD2/CIR/PB/2017/107- SEBI 25/09/2017

SEBI vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016, has issued guidelines covering broad areas for enhanced supervision based on the recommendation of the committee constituted by SEBI. Further SEBI issued certain clarification vide circular CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 dated June 22, 2017...

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Persons Authorised to file Applications under Bankruptcy Code in NCLT

Palogix Infrastructure Private Limited Vs. ICICI Bank Limited (NCLAT Delhi)

The National Company Law Appellate Tribunal [NCLAT] Judgment dated Sept. 20, 2017 wherein it has been held that a Power of Attorney [POA] Holder is not authorised to file proceedings under IBC and only an 'Authorised Representative' by the Board of Directors can file the same....

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Posted Under: SEBI | |

Application of Ind AS 16 Property, plant and equipment

Companies(Indian Accounting Standard) Rules 2015 01/01/1970

Objective 1. Prescribe accounting treatment for PPE 2. So that users can discern info about entity’s investment in PPE and changes thereof 3. Principal issues governed:- a. Recognitionof asset b. determination of carrying amount c. Depreciation and impairment loss to be recognized Scope 1. Shall be applied in accounting for PPE, exc...

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Posted Under: SEBI |

GST applicability on TDS portion in case of import of service

This article is an attempt to answer whether GST is payable on reverse charge basis on the TDS amount in case of payments made for import services where the invoice is raised net of TDS....

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Posted Under: SEBI |

Penalty for non-display of GSTIN on Board, incorrect Invoice & on Composition dealers

Trade Circular 43T of 2017 25/09/2017

Every registered person shall display his certificate of registration at his principal place of business and at every additional place or places of business. It is also required to display his GSTIN on the name board which should be exhibited at the entry of his principal place of business and at every additional place or places of busine...

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GST: CBEC announces new Duty drawback rates

After 30th September 2017, drawback will be admissible only at lower rate determined on the basis of the custom duties paid on the goods imported for supplying goods for export....

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Posted Under: SEBI |

Open Letter to PM / FM and Team on GST issues

Lot has been written on this subject. Problems are in every nook & corner. Either they are policy related or software related. The worst problem is: Anybody listening to the cries? I would like to re list the issues: 1) It has been proved that the GST software is not tested enough for its various […]...

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Posted Under: SEBI |

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