"28 December 2017" Archive

TRAN-01 & Table 6A of Form GSTR-1 disabled wef 28.12.2017

As per information received from GSTN, It is informed that links related to following forms, have been disabled on GST Portal w.e.f. 28.12.2017...

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Real Estate Transactions and GST on Goods And Services

Recently I happened to read in the newspapers that land, real estate and natural gas could soon come within the purview of GST. This made me to think, real estate apart, whether we can treat land as goods and levy tax on land under Good And Services Tax Act. LAND AND ITS CHARACTERISTICS First and […]...

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ICAI Pre Budget 2018 Suggestion on Service Tax, Cenvat Credit Rules, Excise Duty, Custom Duty & CST

A suitable amnesty scheme must be thought of for all Central Laws and State Laws which have been merged in GST in one go to reduce existing litigation. The scheme must be well thought out since most schemes have failed for the following key reasons, among others...

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Management Consultancy Services u/s-144 of Companies Act 2013

Management Consulting involves helping a business institution enhance their performance, by analyzing the current problems and creating a strategy for development. Organizations may require the services of management consultants for varied reasons. ...

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Accounting Standard (AS) 10 Property, Plant and Equipment

The objective of Accounting Standard (AS) 10 Property, Plant and Equipment is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about investment made by an enterprise in its property, plant and equipment and the changes in such investment....

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8 Recent Pronouncements on GST (Part- IV)

Goods and Services Tax (GST), introduced from July 1, 2017 is almost six months old now but has resulted in operational and implementation disruptions affecting all stakeholders. GST law, as drafted and legislated, is not free from the interpretational hassles. ...

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25 New FAQs on GST replied by GOI on 28.12.2017

Registered as Composition dealer in UP VAT & Now as Regular in GST regism, how to claim LTC on TAX PAID stock in hand as on appointed date....

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Impact of GST on Airline Industry and on OMC (Oil Marketing Companies)

As we know VAT (Value Added tax) was introduced (in the year 2005) in most of the states in India with the prime motive of removing cascading effect (i.e to reduce tax on tax).z...

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Amend Sec. 47(viab) related to indirect transfer of capital asset situated in India

The Finance Act, 2015 has amended provisions dealing with indirect transfer of capital asset situated in India. The amendment provides clarity on certain contentious aspects with regards to taxation of income arising or accruing from such indirect transfers....

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SEBI Board Meeting dated: 28th December 2017

Press Release No.: 68/2017 (28/12/2017)

In order to augment the governance of Credit Rating Agencies (CRAs) registered with SEBI and mitigate the issues of conflict of interest, SEBI Board has approved certain changes in the SEBI (Credit Rating Agencies) Regulations, 1999...

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