"10 March 2018" Archive

Report Card on Performance of Information Commissions in India

The number of appeals and complaints pending on December 31, 2016 in the 23 information commissions, from which data was obtained, stood at an alarming figure of 1,81,852. The pendency increased to 1,99,186 at the end of October 2017....

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Posted Under: Corporate Law |

Allowance of bad debt depends on how it is reflected in accounts

Bajaj Auto Finance Ltd Vs CIT (Bombay High Court)

Allowance of bad debt depends on how it is reflected in accounts...

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Posted Under: Corporate Law |

Recommendations on Data Analytics made during 26th GST Council meeting

Recommendations regarding Data Analytics made during 26th Meeting of Goods & Services Tax (GST) Council held today in the national capital ...

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Posted Under: Corporate Law |

GST: Extension of Tax Exemptions for Exporters for six months

26th Meeting of the GST Council meets & decides Extension of tax exemptions for exporters for six months Sending a strong positive signal to the exporting community, the GST Council in its 26thmeeting held here today decided to extend the available tax exemptions on imported goods for a further 6 months beyond 31.03.2018. Thus, export...

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Posted Under: Corporate Law |

26th GST Council Meeting: Update on Return Filing System, RCM, TDS/TCS & Grievance Redressal Mechanism

Recommendations regarding Return Filing System,Reverse Charge Mechanism,TDS/TCS & Grievance Redressal Mechanism in 26th Meeting of the GST Council ...

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Posted Under: Corporate Law |

E-way Bill: Recommendations made during 26th GST Council meeting

26th GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system will be introduced w.e.f. a date to be announced in a phased manner but not later than 01st June, 2018....

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Posted Under: Corporate Law |

GST Council 26th Meeting | Tax Insights

The Goods and Services Tax (‘GST’) Council in its 26th meeting held today, deliberated on various issues which amidst other things included rolling out of E way bill mechanism, suspension of reverse charge mechanism and granting relief to exporters....

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Posted Under: Corporate Law |

Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

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Posted Under: Corporate Law |

7 FAQs about NFRA

The constitution of NFRA is enshrined in the section 132 of the Companies Act, 2013. NFRA stands for National Financial Reporting Authority (NFRA), The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013....

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Posted Under: Corporate Law |

Major Highlights of 26th GST Council Meeting

1. GST Council in its 26th Meeting held under the Chairmanship of the Union FM, Shri Arun Jaitley today in New Delhi sent a strong positive signal to exporting community by deciding to extend the available tax exemptions on imported goods for further 6 months beyond 31st March,2018. 2. Thus, exporters presently availing various Export [&h...

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