Provided that different dates may be appointed for different provisions of this Act and any reference in any such provisions to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
The lukewarm response to the earlier safe habour scheme was on account of the high rates. Thus, taxpayers opted for unilateral APA process instead. The revised scheme has been designed to attract small to medium business, especially in IT/ITeS segment, so as to give them a viable alternative to APA regime, which is both time consuming and expensive.
Draft Rule for issue of Credit Transfer Document to be inserted in the CENVAT Credit Rules, 2004 for transfer of cenvat credit paid on specified goods available with a trader as on appointed date. A.(1) A manufacturer who was registered under Central Excise Act, 1944 (hereafter referred as manufacturer in this rule) may issue a […]
Goods and Service Tax Council has approved final Transition Rules and related form i.e. Form GST TRAN – 1 – Transitional ITC / Stock Statement and Form GST TRAN – 2.
Meaning of Right Share of Issue: Right Issue’ means offering shares to existing members in proportion to their existing shareholding through letter of offer. Section 62 of Companies Act, 2013 contains provisions on further issue of capital, and enacts the principle of pre-emptive rights of shareholders of a company to subscribe to new shares of the company.
SEBI gives Last chance to ‘Exclusively Listed Companies’ to submit their plan of action to Designated Stock Exchanges latest by June 30, 2017.
24 States pass the State GST (SGST) Act While 7 States viz. Meghalaya,Punjab,Tamil Nadu, Kerala, Karnataka, Jammu & Kashmir and West Bengal have yet to pass the SGST Act. Twenty Four (24) States have passed the State GST (SGST) Act till today i.e. 5th June, 2017 while 7 States viz. Meghalaya, Punjab,Tamil Nadu, Kerala, Karnataka, […]
Cabinet Secretary asks the different Ministries/Departments and Public Sector Undertakings (PSUs) under these Ministries to set-up and activate a GST Facilitation Cell to provide all possible support to the business and industry sector for the smooth roll-out of GST with effect from 1st July, 2017.
Following criteria are laid down to curb the misuse of the facility of auto downloading of Statutory Forms provided at the dealer’s end in the online module. The system/EDP branch will put a block on this facility and the Assessing Authority/Ward Incharge may take appropriate action on such blocked forms after verifying the due purchases viz a viz the sales and other relevant documents.
The transfers and postings of the following Additional/Joint Commissioners of Income-tax and assignment of additional charges are hereby ordered with immediate effect and till further orders:-
