"03 November 2018" Archive

MSME loans up to Rs. 1 crore – All you want to know

Release ID: 1547245 01/01/1970

1. What is the minimum and maximum loan amount one can borrow through the portal? An MSME can avail business loan from Rs 1 Lakh to Rs 1 Crore through www.psbloansin59minutes.com. 2. What if I do not file/have GST Return/Income Tax Return/Banking Details? We are sorry, you will not be able to complete the borrower journey on www.psbloansi...

Read More
Posted Under: Finance |

Applicability of Indian Accounting Standard (IND AS) on Companies

Mandatory Applicability of IND AS on all companies , Statement presented under IND AS, Consequences of non-compliance of IND AS...

Read More
Posted Under: Finance |

GST payable on Transportation services by cable manufacturer

In re Cable Corporation of India Limited (GST AAR Maharashtra)

Whether the supply of transportation services, (two separate agreements with respect to the supply of goods and services), will be exempt from the levy of GST in terms of SI. no. 18 of the Notification No. 12/2017? ...

Read More

5% GST payable on Earth Work constituting more than 75% of work order

In re M/s. P.K. Agarwala (GST AAR Jharkhand)

In re M/s. P.K. Agarwala (GST AAR Jharkhand) The term Earth Work has not been defined under any GST provisions. The Webster Dictionary defines Earth Work as ” an embankment or construction made of earth specially one used as a field fortification. The Collins dictionary defines Earth Work as “excavation of earth as in enginee...

Read More

Companies Amendment (Ordinance), 2018: Key Take Away

Companies Amendment (Ordinance), 2018 amending Companies Act, 2013 was passed by Ministry of Law and Justice on 2nd November, 2018. The Companies (Amendment) Ordinance, 2018 suggests 32 amendments to the Companies Act, 2013. The Ordinance has been promulgated based on the Report of Committee Constituted to Review Penalty, Jail Term for Of...

Read More
Posted Under: Finance |

Alleged Professional Misconduct issue cannot be decided based on law enacted subsequently

Devendraa P. Kapur Vs. ICAI & Others (Appellate Authority)

Devendraa P. Kapur Vs. ICAI & Others (Appellate Authority) The Appellant has also taken a ground of Appeal before us that the Disciplinary Committee has decided these cases in accordance with the law which was not prevalent when the alleged misconduct was committed but came into effect after the amendment made in the year 2006 [&helli...

Read More

GST Refund on A/c of Assessment/Provisional Assessment/ Appeal/ any other Order enabled

Refund on account of Assessment/Provisional Assessment/ Appeal/ any other Order enabled The taxpayers can now file online application to claim refund on account of Assessment/Provisional Assessment/ Appeal/ any other Order on GST Portal. (refer Section 54(1) of CGST Act 2017) Extract of Section 54 of CGST Act,2017 Section 54 – Refun...

Read More
Posted Under: Finance |

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930