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CBEC notifies extended due date for filing of GSTR Form- 1,2,3

September 5, 2017 6195 Views 0 comment Print

CBEC vide notification No. 29/2017 dated 5th September notifies the extended due date for Filing of Form GSTR-1, Form GSTR-2 and Form GSTR-3 for the month of July and August 2017

MCA clarifies meaning of joint venture for appointment of Independent Directors

September 5, 2017 14127 Views 0 comment Print

A joint venture would mean a joint arrangement, entered into in writing, whereby the parties that have joint control of the arrangement, have rights to the net assets of the arrangement. The usage of the term is similar to that under the Accounting Standards.

Updated list of Ministers in Modi Government after recent changes

September 5, 2017 1113 Views 0 comment Print

CABINET MINISTERS -1. Shri Raj Nath Singh Minister of Home Affairs. 2. Smt. Sushma Swaraj Minister of External Affairs. 3. Shri Arun Jaitley Minister of Finance; and Minister of Corporate Affairs.

Due date to file GSTR 1, 2, 3 extended for July & August 2017

September 5, 2017 33645 Views 4 comments Print

As per the Twitter handle @askGST_GoI GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017 respectively. If Further GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of August to 5th, 10th […]

Wage limit under Payment of Wages Act increased to Rs 24000 P.M.

August 28, 2017 7959 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 1 of the Payment of Wages Act, 1936 ( 4 of 1936), the Central Government, on the basis of figures of the Consumer Expenditure Survey published by the National Sample Survey Organization, hereby specifies rupees twenty four thousand per month as the wages under said sub-section (6).

Untimely release of GST forms and utilities- Representation to FM

August 26, 2017 33831 Views 49 comments Print

GST is only 54 days old law, but 107 Notifications have been released till date, shows that implementing the intricacies of a well written law, is being done without application of mind. Please stop legal garbage generation.

HC directs to issue GST ID/ pass word & registration certificate correctly

August 26, 2017 3783 Views 0 comment Print

The short grievance in this petition is under the GST the petitioner has been registered as sole proprietor in place of a partnership firm. In the short counter affidavit filed on behalf of respondents no. 1 to 4 in paragraph 11 it has been stated that the Joint commissioner (IT) in the office of the […]

Banking Regulation (Amendment) Act, 2017

August 25, 2017 6405 Views 0 comment Print

Power of Central Government to authorise Reserve Bank for issuing directions to banking companies to initiate insolvency resolution process. `35AA. The Central Government may, by order, authorise the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016.

RBI to ramp up supply of ₹ 200 notes shortly

August 25, 2017 894 Views 0 comment Print

The Reserve Bank of India introduced the ₹ 200 denomination notes today. Introduction of this denomination is expected to facilitate exchange transactions for the common man and provide complete series of denomination for transactions at the lower end.

Had warned Centre that GSTN won’t be able to take this much load: Dr Amit Mitra

August 25, 2017 2607 Views 0 comment Print

Addressing an ASSOCHAM interactive session, West Bengal finance minister, Dr Amit Mitra today said that he had told the Centre to postpone July 1st launch of Goods and Services Tax (GST) and had sought a whitepaper on preparedness which was not provided to the GST Council.

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