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Archive: 07 August 2018

Posts in 07 August 2018

Challenges associated with simplified GST return filing process

August 7, 2018 1635 Views 0 comment Print

In this article we will concise our discussion only too few key Changes/Challenges, on priority basis, pertaining to draft simplified return formats, by GST Council, placed on public forum for feedback and suggestion from various group of stakeholders.

How 29th GST council meeting reduced tax burden on MSMEs?

August 7, 2018 2412 Views 0 comment Print

The 29th GST council meeting was led by the Union Minister of Finance, Railways and Coal Sh. Piyush Goyal is probably going to achieve noteworthy measures to mitigate the tax burden from the MSMEs whose turnover falls beneath ₹ 1.5 crores.

Limited Liability Partnership

August 7, 2018 53472 Views 2 comments Print

Article explains provisions related to Limited Liability Partnership (LLP) under Limited Liability Partnership Act, 2008 Along With Rules Thereof.

Input Tax Credit under GST: Onerous Condition To Fulfill

August 7, 2018 4137 Views 0 comment Print

An analysis of Section 16 of Central Goods and Services Tax Act, 2017 related to Eligibility and conditions for taking input tax credit.

Insolvency Case Study – Anrak Aluminum Ltd.

August 7, 2018 5511 Views 3 comments Print

On 31st August 2017, the NCLT Hyderabad bench gave a landmark judgment in the CIRP application (#127/10/HDB/2017) filed u/s 10 of the Code, by #Anrak Aluminum Ltd, when it rejected the application on the grounds of;

Suggestions by FICCI related to MSMEs submitted to GST council

August 7, 2018 705 Views 0 comment Print

The group of state finance ministers headed by MoS Finance Mr. Shiv Pratap Shukla will help provide speedy solutions to the problems faced by the MSMEs: Rashesh Shah, President, FICCI NEW DELHI, 6 August 2018: FICCI welcomes the initiative taken by the GST council to specifically discuss the issues and concerns being faced by MSMEs.

ICAI writes to Dainik Bhaskar for publishing misleading headline

August 7, 2018 1281 Views 0 comment Print

The ICAI takes a strong exception to the headline of the news item, as it is misleading / incorrect. It is quite unfortunate that the headline of the article appearing in a reputed publication is not in tandem with the news covered in the article.

MCA notifies new provisions for Issue of shares on private placement basis

August 7, 2018 14862 Views 0 comment Print

MCA has notified revised Section 42 of Companies Act, 2013 related to Issue of shares on private placement basis by with effect from 7th August 2018 by notifying section 10 of Companies (Amendment) Act, 2017 vide Notification Dated 7th August, 2018. Government of India Ministry of Corporate Affairs Notification New Delhi , the 7th August, […]

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018

August 7, 2018 28713 Views 0 comment Print

MCA notifies Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 and substituted existing rule 14 related to private placement of Companies (Prospectus and Allotment of Securities) Rules, 2014 vide Notification dated 7th August, 2018

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