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GST on Leasing of vehicles purchased and leased prior to 1st July, 2017

October 12, 2017 2142 Views 1 comment Print

Leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the applicable GST rate (including Compensation Cess). In order to provide relief to old/existing leases of motor vehicles, GST Council in its 22nd Meeting held on the 6th October, 2017 in the national capital […]

Continuous changes on Income Tax Website User Log-In – Change on 12.10.2017

October 12, 2017 3057 Views 0 comment Print

Today some changes are there on user Log-In at Income tax Website.

ICSI Model Governance Code for Meetings of Gram Panchayats

October 12, 2017 1914 Views 0 comment Print

The Model Governance Code for Meetings of Gram Panchayats is ICSI’s social initiative to facilitate the implementation of standard practices in convening the meeting of Panchayats. Though voluntary in nature, this Code is intended to sensitize the elected representatives of the panchayats regarding their roles and responsibilities, bring about awareness and more so be the guiding light as to how good governance can be inculcated at the last leg of the democratic structure of the country.

ICSI Guidance Note on General Meeting

October 12, 2017 2046 Views 0 comment Print

Guidance Note on Secretarial Standard on General Meetings (SS-2) sets out the explanations, procedures and practical aspects in respect of the provisions contained in revised SS-2 (effective from 1st October, 2017) to facilitate compliance thereof by the stakeholders.

ICSI Guidance Note on Meeting of Board of Directors

October 12, 2017 4272 Views 0 comment Print

Guidance Note on Secretarial Standard on Meetings of the Board of Directors (SS-1) sets out the explanations, procedures and practical aspects in respect of the provisions contained in revised SS-1 (effective from 1st October, 2017) to facilitate compliance thereof by the stakeholders.

Direct Tax Collections show Growth of 15.8% up to September, 2017

October 11, 2017 597 Views 0 comment Print

The provisional figures of Direct Tax collections up to September, 2017 show that net collections are at Rs. 3.86 lakh crore which is 15.8% higher than the net collections for the corresponding period of last year. Net Direct Tax collections represent 39.4% of the total Budget Estimates of Direct Taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore).

GST rate structure for Petroleum and Oil Sector

October 11, 2017 3909 Views 0 comment Print

To reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration and production) sector and downstream sector, the GST Council in its 22nd meeting held on 6th October, 2017 has made the following recommendations for GST […]

CBI Registers Case Against Deputy Commissioner of Customs

October 11, 2017 1224 Views 0 comment Print

The Central Bureau of Investigation has registered a case against Deputy Commissioner, Customs; an Appraiser; an Examining Officer, all of Air Cargo Complex, NSCBI Airport, Kolkata; a private person and unknown others on a complaint from Customs Department alleging that the Deputy Commissioner

PFRDA rolls out Aadhaar based APY Subscription through eNPS platform

October 11, 2017 708 Views 0 comment Print

PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the customer’s convenience. Pension Fund Regulatory and Development Authority (PFRDA) has embarked upon several digital friendly steps for […]

Exposure Draft Accounting Standard (AS) 24 Related Party Disclosures

October 11, 2017 3444 Views 0 comment Print

Following is the Exposure Draft of the Accounting Standard (AS) 24, Related Party Disclosures, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India

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