Mayank Agarwal Sec 5A (5) of the Central Excise Act, 1944 deal with provisions regarding effective date of a notification. It states as under: (5) Every notification issued under sub-section (1) or sub-section (2A) shall,— (a) unless otherwise provided, come into force on the date of its issue by the Central Government for publication in the Official […]
Given the passage of the Constitution (122nd) Amendment Bill, 2014 for Goods and Services Tax (GST) in the Lok Sabha on 6th May, 2015, the Government of India seems committed to replace all the indirect taxes levied on goods and services by the Centre and States and implement GST by 2016.
When a client comes to us for advice or with his business plan, two minutes into the conversation, we understand that he hasn’t thought his business idea through. There are still a lot of gaps that persist. Leaks that need to be plugged.
Registration with tax authorities is first step for any assessee to make compliance with the law and similar is the case for jewelers who have been brought within excise ambit in Budget 2016-17. But it is very interesting that special provisions have been made for registration of person engaged in manufacturing of jewellery under excise and these provisions could sometime offer tremendous planning opportunities to optimize the tax liability.
With the hype created regarding implementation of revolutionary taxation reform, i.e., GST in the financial year 2016-17, the government attempted to mentally prepare the assessees as regards substantial reduction in the exemptions available. This is reflected by the levy of excise duty on jewellery except pure silver jewellery.
This Act may be called the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016. An Act to provide for, as a good governance, efficient, transparent, and targeted delivery of subsidies, benefits and services, the expenditure for which is incurred from the Consolidated Fund of India, to individuals residing in India through assigning of unique identity numbers to such individuals and for matters connected therewith or incidental thereto.
1. Utility for e-filing Service Tax Return (ST-3) for the period October, 2015 – March, 2016 is now available in both offline and online version. The last date of filing the ST-3 return for the said period is 25th April, 2016. To avoid congestion and inconvenience in the last minute, all assesses are requested to […]
This is the Final part of the Three-part series and deals with amendment proposed W.r.t: Related Party Transactions, Punishment under section 447, Loan to directors, Intercorporate Loans, Disclosure of Interest by Directors, Powers of the Board, Audit and Nomination & Remuneration Committee, Vacation of Office by Director, Resignation of Director & Cost Audit.
In this article we discuss how much a Nidhi Company can take deposits and from whom. These are the rules and limitations for taking deposits by Nidhi Companies :- 1. The ratio of Net Owned Funds of the Nidhi Company to deposits should not be more than 1:20. 2. Nidhi Company should not accept deposits from or lend to any person, other than its members.
An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto.
