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Highlights on the Draft GST Invoice Rules

November 7, 2016 8863 Views 0 comment Print

Draft GST Invoice Rules- 1. Format: Tax invoice format is prescribed which contains routine details with signature or digital signatures of supplier.

RBI permits 49% FDI under automatic route in Pension Sector

November 7, 2016 1561 Views 0 comment Print

The policy makers are determined to attract foreign investment through Foreign Direct Investment (FDI) and continue to revisit sectoral caps and mode of investment in various sectors of the economy.

External Commercial Borrowings– Clarifications on hedging

November 7, 2016 2011 Views 0 comment Print

Wherever hedging has been mandated by the RBI, the ECB borrower will be required to cover principal as well as coupon through financial hedges.

GST: Change in Rate of Tax in Respect of Supply of Services

November 7, 2016 12019 Views 1 comment Print

There are two likely scenarios that have been dealt with by section 14 of Model GST Law–1. Where Taxable Service is provided before the change in effective rate of tax 2. Where Taxable Service is provided after the change in effective rate of tax

Cross Linkages in GST Regime with Income Tax Act

November 7, 2016 4711 Views 0 comment Print

There is a likely scenario that the ITO / ITO TDS can have all the details furnished by a Taxable Person under GST Laws & can cross check the same with the information furnished by an Assessee with the returns furnished under Income Tax Laws.

Is Your Money Dying? It’s Time to Get It Out of Savings Account

November 7, 2016 6379 Views 5 comments Print

#PaiseKoJagaao Nothing makes you feel more secure than having a lumpsum amount in your Savings Account, eh? Think again! If you are keeping your money in Saving Accounts, you can practically consider it dead.

What You Need To Compare When Choosing A Bank for Taking Housing Loan?

November 7, 2016 2818 Views 1 comment Print

Taking up the home loan is easy but finding the best deal is not. With more and more options available in front of you, confusion is normal. So, what are those aspects that you must compare among the banks while taking up the home loan?

Save Your Money-Insolvency and Bankruptcy Code is here

November 7, 2016 3430 Views 0 comment Print

Insolvency and Bankruptcy Code, 2016 is to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.

GST Council meeting inconclusive, state FMs to meet on Nov 20

November 6, 2016 3334 Views 0 comment Print

Second day of meeting of GST Council remained inconclusive and state FM s to meet on November 20, 2016 to further discuss and sort out the differences-

Procedure for enrollment of existing VAT Dealers on GST System Portal

November 6, 2016 12717 Views 3 comments Print

ll registered Dealers under VAT or their Authorized Representatives should visit their respective Ward offices between 09/11/2016 to 11/11/2016 and collect sealed envelope containing their provisional ID and Password for use in completing online pre-registration under GST.

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