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GST and SCNs issued by MCA for non compliance with Cost Audit Provisions

March 29, 2017 4476 Views 0 comment Print

Show Cause Notices (SCNs) issued by MCA for non compliance with the Cost Audit Provisions: Is it a beginning to ensure collection of authenticated data at HSN code level for GST

“Double- double test” – Embedded Derivatives as per Ind-As/ IFRS

March 29, 2017 5373 Views 3 comments Print

All derivatives which are embedded with any host liability are required to be assessed if that derivative part needs to be separated or not as per the below requirement of Ind-As 109 Financial Instruments

Courts not meant for Frivolous Litigation; No Stay on Release of Phillauri: Bombay HC

March 29, 2017 1269 Views 0 comment Print

Plantiff says that there is urgency because the Defendants’ film Phillauri, alleged to be in violation of the Plaintiffs’ copyright in their 2013 Gujarati, Bhojpuri and Nepali film Mangal Phera, is slated for public theatrical release just a few day hence — this very Friday, 24th March 2017.

Penalty / Fine for Traffic Violation not allowable

March 28, 2017 15255 Views 0 comment Print

It is clear from the statutory provisions of the MV Act as well as the law laid down in judicial pronouncements that payments made for any purpose which is an offence or which is prohibited by law and which are not compensatory in nature cannot be allowed as a deduction u/s.37(1) read with Explanation thereto.

GST Migration : 19 Frequently Asked Questions (FAQs)

March 28, 2017 7902 Views 1 comment Print

Q1. I am an existing PAN-based Service Tax (ST) and Central Excise (CE) assessee, and wish to enroll in GST. I have business premises and factories in the State of Telangana. Through the ACES portal, I received the Provisional ID and password for the State of Andhra Pradesh, whereas my Principle Place of Business is […]

TDS not applicable on Hotel Rent in absence of any contract

March 28, 2017 138666 Views 3 comments Print

Where earmarked rooms are let out for specified rate and specified period, only then, they will be construed to be accommodation made available on regular basis

Unauthorised Practice of Law – A Study

March 28, 2017 9801 Views 5 comments Print

Advocate Rajnish R. Singla “Unauthorized practice of law” (UPL) is an act sometimes prohibited by statute, regulation, or court rules. Definition The definition of “unauthorized practice of law” is variable, and is often conclusory and tautological, i.e., it is the doing of a lawyers or counsellor’s work by a non-lawyer for money. There is some […]

IDS 2016: CBDT guideline for condonation of delay in payment

March 28, 2017 4191 Views 1 comment Print

CBDT decided condonation of delay in payment of instalment under IDS, 2016 shall not be feasible in cases of delays due to (a) Personal/emergency reasons (b) Lack of liquidity (c) Confusion about due date (d) Rush at banks (e) Any other reasons which are attributable to declarants

Salient features of the new Trade Mark Rules, 2017

March 27, 2017 2820 Views 0 comment Print

Government has notified the new Trade Mark Rules, 2017 on 6th March, 2017 to streamline and simplify the processing of trade mark applications in the country. Some of the salient features of the new Trade Mark Rules, 2017 are as under:

FM introduces IGST, CGST, UTGST, GST Compensation to States Bill 2017 in Lok Sabha

March 27, 2017 1962 Views 0 comment Print

Finance Minister Arun Jaitley today introduced today The Goods And Services Tax (Compensation To States) Bill, 2017, The Central Goods And Services Tax Bill, 2017 and The Integrated Goods And Services Tax Bill, 2017. Copy of the same can be downloaded from following link :– Year Bill No. Short Title As  Introduced in Lok Sabha […]

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