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Golden Jubilee of Bank Nationalisation: Taking Stock

February 4, 2020 2223 Views 0 comment Print

In 2019, India completed the 50th anniversary of bank nationalization. It is, therefore, apt to celebrate the accomplishments of the 3,89,956 officers, 2,95,380 clerks, and 1,21,647 sub-staff who work in Public Sector Banks (PSBs). At the same time, an objective assessment of PSBs is apposite.

Targeting Ease of Doing Business in India

February 4, 2020 4146 Views 0 comment Print

Ease of doing business is key to entrepreneurship, innovation and wealth creation. India has risen significantly in the World Bank’s Doing Business rankings in recent years, but there are categories where it lags behind – Starting a Business, Registering Property, Paying Taxes and Enforcing Contracts. This chapter focuses on these parameters and compares India’s performance with both its peers and with the best-in-class.

Transitional Credit – Technical glitches on GST Portal- Follow SOP

February 4, 2020 4389 Views 1 comment Print

Transitional Credit – Ensuring uniformity in the procedure to be followed by the field formations for examining and forwarding the representations of the taxpayers to GSTN on issues pertaining to technical glitches on common portal

National Company Law Tribunal (Amendment) Rules, 2020

February 3, 2020 6774 Views 0 comment Print

These rules may be called the National Company Law Tribunal (Amendment) Rules, 2020. They shall come into force on the date of their publication in the Official Gazette.

MCA notifies sub-sections (11) & (12) of section 230 wef 03.02.2020

February 3, 2020 3066 Views 0 comment Print

Central Government hereby appoints the 03rd of February,2020 as the date on which the provisions of sub-sections (11) and (12) of section 230 of the Companies Act, 2013 shall come into force.

Cenvat Credit eligible on renting of premises outside factory for marketing

February 3, 2020 1770 Views 0 comment Print

CESTAT Mumbai allows Cenvat Credit on renting immovable property for marketing and sales promotion. Pre and post-amendment period covered. Appeal allowed.

ICSI requests MCA to reconsider changes related to CS appointment

February 3, 2020 1089 Views 0 comment Print

we humbly request your good office to kindly consider further amendment in Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2013, taking into consideration inserting the following in place of the existing provision:

Order permitting to file Form TRAN-1′ by extended date not amenable to review

February 3, 2020 591 Views 0 comment Print

Mahesh Steel Corporation Vs Union of India (Punjab and Haryana HC) FULL TEXT OF THE JUDGMENT/ORDER OF PUNJAB AND HARYANA HIGH COURT [1]  This common order shall dispose of the above-mentioned seven (07) Review Applications moved by the applicant-respondent(s) / UOI, as the same relate to identical issue / prayer. For the facility of reference, […]

Govt clarifies on Tax on Income of Indian citizens working Overseas

February 2, 2020 2973 Views 2 comments Print

It is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earned outside India by him shall not be taxed in India unless it is derived from an Indian business or profession.

BCD rates on Solar Cells whether or not assembled into modules, including Safeguard duty

February 2, 2020 3765 Views 0 comment Print

Seeks to amend notification No. 1/2018-Customs (SG), dated the 30th July, 2018 so as to align the tariff item of subject goods with the new tariff items created as per Finance Bill, 2020 vide Notification No. 01/2020-Customs (SG) dated 2nd February, 2020. Solar Cells, whether or not assembled in modules is classified under tariff item […]

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