ICSI is coming up with a Model Governance Code for Meetings of Gram Panchayats which seeks to prescribe a set of principles for convening and conducting meetings of Gram Panchayats and matters related thereto.
It is a proud moment for the Institute which has conceptualized the International Corporate Governance Code for the first time in the world when no one has ever thought of having a universally accepted Corporate Governance norms.
GST Council in its meeting held on 11th June 2017 has exempted the following from registration under section 23(2) of the CGST Act 2017 of Individual advocates (including senior advocates) Individual sponsorship service providers (including players) Related Post – GST Service: Amendment in Tax / Registration exemption and Rates Under Section 23(2) of CGST Act […]
As appears from the news paper reports, it looks like, that the Government is in a hurry to implement GST with immediate effect. The proposed date, 1st July 2017, is not far away.
1. In the list of service tax exemptions to be continued in GST as approved by the GST Council, after S.No. 83, the following shall be inserted –
GST Council, in its meeting held on 11th June, 2017, has recommended increase in the aforesaid turnover limit for Composition Levy for CGST and SGST purposes from Rs. 50 lakh to Rs.75 lakh in respect of all eligible registered persons, referred to in the aforesaid subsection.
IGST Exemption under GST- [As per discussions in the 16th GST Council Meeting held on 11th June, 2017. I . Bilateral Commitments – Imports under Agreement between India and Pakistan / Bangladesh for regulation of Bus Service
GST council has revised GST rate more than 66 items in its meeting held on 11th June 2017. In its meeting council has revised the rate downward on most of the items. Rates on most goods has come down from higher rate to comparatively lower rate. In some cases rate has come down from 28% to 0% also.
Goods and Service Tax Council has approved Accounts and Records Rule and related format in its meeting held on 11th June 2017. Text of the Rules is as follows :-
(GST Registration Rules after making the changes in rule no. 19 as per meeting of GST Council held on 11th June 2017. Other News from GST Council Meeting on 11.06.2017 » GST Service: Amendment in Tax / Registration exemption and Rates » GST: Revised Threshold for Composition Scheme – 11.06.2017 » IGST Exemptions approved by […]
