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GST Returns under Model GST Law & Draft GST Return Rules

November 24, 2016 6649 Views 0 comment Print

1. FORM GSTR-1 (within 10 days of the month following the month of supply): Details of Outward Supplies (Section 25 of the Draft Model GST Law). Every taxable person other than person registered under section 8, those paying tax under section 37 and Input service distributor.

DoPT guidelines to make appointment faceless, paperless & cashless-reg.

November 23, 2016 1231 Views 0 comment Print

It is requested that with a view to make the appointment faceless, paperless and cashless, your offices should issue letter for police verification as per the DoPT guidelines and form for self declaration. Appointment letter should also be issued by email .

Applying Personal Loan vs. Breaking Investments during Financial Crisis

November 23, 2016 1723 Views 2 comments Print

There are numerous instances in day-to-day life where finance is needed. Such capital may be required for multiple purposes, like meeting emergency, medical purposes, funding further education, besides others. In absence of liquid cash, there are two alternatives to obtain the necessary finance, namely borrowing a loan for personal use or breaking existing investments.

Decision for farmers benefit and to promote digital payments

November 23, 2016 1171 Views 0 comment Print

Following the cancellation of legal tender character of old Rs. 500 and Rs.1000 notes, a number of measures have been announced by the Union Government, taking into consideration the requirements of various sections of society.

Insolvency & Bankruptcy Board notifies 2 Insolvency Regulations

November 23, 2016 2320 Views 0 comment Print

Insolvency and Bankruptcy Board (IBBI) of India notifies two Regulations; The IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and IBBI (Insolvency Professional Agencies) Regulations, 2016.

RBI relaxes norms on remittance of pre-incorporation expenses

November 23, 2016 19711 Views 1 comment Print

Alternative option of issuing shares instead of remittance by wholly owned subsidiary for pre-incorporation/pre-operative expenses incurred by overseas holding entities may also be a favorable move for corporate sector.

Safeguard duty on Hot Rolled flat sheets and plates

November 23, 2016 1540 Views 0 comment Print

Seeks to levy safeguard duty on Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel having nominal thickness less than or equal to 150mm and nominal width of greater than or equal to 600mm

Master stroke on black money to make India Swachch Bharat

November 22, 2016 5497 Views 8 comments Print

The mid night scrapping of Rs 500 and Rs 1000 currency notes , as announced by Prime Minister Shri Narendra Modi in his address to the nation on November 8, is being seen as a master stroke against black money and corruption that has been eating into the Indian economy like a termite for several decades.

Currency Demonetisation- Boon for Real Estate and Housing

November 22, 2016 4477 Views 1 comment Print

The Modi government’s surgical strike against black money by way of demonetisation of high value currency notes, is set to shake up the real estate sector, marked by transactions involving unaccounted money.

Demonetization: Queues Getting Shorter

November 22, 2016 1894 Views 1 comment Print

Prime Minister Narendra Modi’s bold move to demonetize high value currency notes to curb black money and corruption signals his resolve to take on high and mighty ignoring political minefield.

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