Meaning of registered brand name in the context of GST rates; CGST rate of 5% will not be applicable on the supply of goods unless the brand name or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999.
In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 16 Property, Plant and Equipment. The amendments would prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity would recognise those sales proceeds in profit or loss.
Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below. Assistive devices and rehabilitation aids for physically challenged persons, listed below, have been kept at the concessional 5% GST rate: 1) Braille writers and braille writing instruments; 2) Handwriting equipment like Braille Frames, […]
New Delhi, 1 July, 2017: With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.
The annual membership fee and certificate of practice fee for the year 2017-2018 has become due for payment w.e.f. 1st April, 2017. The last date for the payment of fee was 30th June, 2017 which has now been extended upto 31st August, 2017.
I wish you a very happy CA Day. On 1st July 2017, our Institute will complete 68 years of its glorious journey of excellence. Analysing the importance of accountancy profession visà- vis economic development, an IFAC study has mentioned: Accountants play an important public interest role
Cabinet Secretary reviews post GST situation with Secretaries and Senior Officers of different Departments; Ask them among others to ensure that there is adequate supply of commodities especially essential and consumer items to keep their prices under check. The Cabinet Secretary, Shri P.K. Sinha reviewed the post GST implementation situation here today with the Secretaries […]
The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll-out of the GST, 22 States in India have abolished their check posts. The details are as under –
Appeal to people not to start circulating wrong messages on social media as no distinction is made in the GST Law on any provision based on religion. There are some messages going around in the social media stating that the temple trusts have to pay the GST while the churches and mosques are exempt. This […]
Vacancy for CA for the profile of Brand Financial Analyst at Bangalore for those who are having experience in the relevant field of 2 to 3 Years in FMCG Industry at Managerial Level. Job Description: The job purpose of Brand Financial Analyst involves monitoring & reporting business parameter, high light periodically risks/opportunities in the business […]
