Understand the classification dispute resolved by the GST AAAR West Bengal regarding the services provided by an educational promotion company under the GST Act.
IFRSs (IND ASs being the Indian version) are now applicable in India for all listed and non-listed majors too including the requirement to prepare group financial statements. Chartered accountants in particular have to apply due diligence to measure and recognise fair values of financial assets, financial liabilities, financial derivatives and various other items on such bases as have been specified in relevant IFRSs.
Private Limited Company is basically a closely held Company which requires minimum two persons as Directors and shareholders for its incorporation. It is the most common and suitable form of entity for carrying out business in India with a long term objective. A Private Limited Companies in India are governed by the Companies Act, 2013.
Attention: Suppliers, Recipients & Transporters of Goods ! E-Way Bill System is now operational for SMOOTHER, SWIFTER & EASIER movement of goods. IMPLEMENTATION UPDATE ♦ E-way bill system has been introduced for inter-State movement of goods across the country from 1st April, 2018. ♦ States of Andhra Pradesh, Gujarat, Karnataka, Kerala, Telangana, Uttar Pradesh, Bihar, […]
In order to ease & speed up the physical movement of goods, GST council has come up with concept E-way Bill to track the status movement of goods from one place to another. It has been notified that w.e.f. 1st April 2018 E-way bill is mandatory for inter-state movement of goods in case consignment value is more than 50,000.
he Directorate General of Foreign Trade had issued following Public Notices: a. Public Notice No. 35/2015-20 dated 25.10.2017 – Onetime condonation of time period in respect of obtaining block-wise extension in Export Obligation period under EPCG Scheme.,
Representation regarding Instructions dated 8th March, 2018 relating to irregularities in Appellate Orders and Instructions dated 28th March, 2018 regarding processing of returns u/s 143(1) which are pushed to Assessing Officers [AOs] by CPC
Central Government hereby amends the provision in Para 1.05 (b) of the Foreign Trade policy (2015-20) on Transitional Arrangements as under:
It is being clarified that only the service categories which have been notified in Appendix 3D for SEIS are allowed for claim under SEIS. It is immaterial whether these notified services are delivered on an IT enabled platform or otherwise.
One of the most radical reforms of recent times had been the enactment of Insolvency and Bankruptcy Code,2016, (The Code or IBC). Though the Code had been in the making for many years; the actual enactment was triggered by huge pile-up of NPAs of PSU banks and need to clean up the balance sheet of banks.
