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Sec. 56(2)(viib) not applicable to startups having paid up share capital upto Rs. 10 crore

April 11, 2018 24375 Views 0 comment Print

pproval for the purposes of clause (viib) of sub-section (2) of section 56 of the Act -A Startup being a private limited company and in conformity with the definition as per definition stipulated at Para 1(a) shall be eligible to apply for approval for the purposes of clause (viib) of sub-section (2) of section 56 of the Act, if the following conditions are fulfilled: —

19 Goods requiring e-way bill for Intra-State Movement in Gujarat wef 15.04.2018

April 11, 2018 34662 Views 1 comment Print

Commissioner of State Tax, Gujarat State hereby notifies that no E-Way Bill is required to be generated for intra-city movement as well as intra-state movement of all goods within whole of the territory of the State except for intrastate movement within whole of the territory of the State of following 19 goods of consignment value exceeding fifty thousand rupees:

Draft notification proposing amendment to rule 44E, Form 34C, 34D & 34DA

April 10, 2018 2646 Views 1 comment Print

Draft notification proposing an amendment to rule 44E, Form 34C, 34D and 34DA as per BEPS action item 5, for improving transparency in relation to tax rulings– comments and suggestions

Anti dumping duty on import of fishnet or fishing nets

April 10, 2018 1998 Views 0 comment Print

Seeks to impose definitive anti dumping duty on imports fishnet or fishing nets originating from China or Bangladesh vide Notification No. 20/2018-Customs (ADD)

MCA amends Tables in Schedule I related to MOA and AOA

April 10, 2018 12927 Views 0 comment Print

MCA amends Schedule I related to Memorandum of Association (MOA) & Article of Association (AOA). It amends Table F which is Articles Of Association Of A Company Limited By Shares and Table H which is Articles Of Association Of A Company Limited By Guarantee And Not Having Share Capital.

Companies (Share Capital & Debentures) Amendment Rules 2018

April 10, 2018 8391 Views 0 comment Print

Every certificate shall specify the shares to which it relates and the amount paid-up thereon and shall be signed by two directors or by a director and the company secretary, wherever the company has appointed company secretary:

Note on problems faced by Gujarat based exporters in IGST Refund Application

April 10, 2018 5691 Views 0 comment Print

Many doubts have been raised by the field formations as there is no clarity as to how the said procedure is to be dealt with. Therefore, the undersigned has discussed the issue with the Joint Secretary (Customs) and it has been informed that the exporters based in Gujarat only can approach the CGST officers deputed at Customs locations/Customs Houses for verification of the GSTR.

Seeks to maintain effective rate of BCD on Whey at 30%

April 10, 2018 690 Views 0 comment Print

Seeks to amend notification No. 50/2017 Customs dated 30.06.2017 so as to maintain effective rate of BCD on Whey, concentrated, evaporated or condensed, liquid or semi-solid (0404 10 10) and Other Whey (0404 90 00) at 30%.

CBEC increases BCD on Whey and modified Whey

April 10, 2018 1755 Views 0 comment Print

Seeks to increase tariff rate of basic customs duty (BCD) on tariff items covered under tariff sub head 0404 10 ie. Whey and modified Whey, whether or not concentrated or containing added sugar or other sweetening matter, and under tariff item 0404 90 00 ie. Other Whey from present 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975.

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2018

April 10, 2018 1584 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette.

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