Daily Archives: August 8, 2016

26.98 Lakh e-returns filed for AY 2016-17

By | August 8, 2016

Surging growth in Electronic filing of Income Tax Returns for Financial Year 2016-2017; Over 226.98 Lakh e-returns filed as on 5th August 2016 in F.Y. 2016-17 as compared to 70.97 Lakh for the same period in FY 2015-16 The facility of e-verification of IT returns has been used by over 75.3 Lakh taxpayers till 5th… Read More »

Prime Minister Text on GST in Parliament

By | August 8, 2016

PM in Lok Sabha: GST is a Great Step by Team India, Great Step Towards Transformation PM describes the imminent passage of GST as a victory for Indian Democracy The Prime Minister, Shri Narendra Modi, today described the Goods and Services Tax (GST) as a “Great Step by Team India,” a “Great Step Towards Transformation,”… Read More »

Category: GST

India ushering into GST regime

By | August 8, 2016

The Indian trade and industry together with other stakeholders, witnessed a historical measure on 3rd August 2016, when the much anticipated 122nd Constitutional Amendment Bill 2014 (“GST Bill”) with certain changes, received unanimous assent of the Upper House (“Rajya Sabha”) of the Indian Parliament. The GST Bill which earlier sailed through the Lower House (“Lok… Read More »

Section 192 of Insolvency and Bankruptcy Code 2016

By | August 8, 2016

Section 192 of Insolvency and Bankruptcy Code 2016 Meetings of Board. 192. (1) The Board shall meet at such times and places, and observe such rules of procedure in regard to the transaction of business at its meetings (including quorum at such meetings) as may be determined by regulations. (2) The Chairperson, or if, for any… Read More »

Section 191 of Insolvency and Bankruptcy Code 2016

By | August 8, 2016

Section 191 of Insolvency and Bankruptcy Code 2016 Powers of Chairperson. 191. Save as otherwise determined by regulations, the Chairperson shall have powers of general superintendence and direction of the affairs of the Board and may also exercise such other powers as may be delegated to him by the Board.   Related Post Insolvency and Bankruptcy… Read More »

Section 190 of Insolvency and Bankruptcy Code 2016

By | August 8, 2016

Section 190 of Insolvency and Bankruptcy Code 2016 Removal of member from office. 190. The Central Government may remove a member from office if he— (a) is an undischarged bankrupt as defined under Part III; (b) has become physically or mentally incapable of acting as a member; (c) has been convicted of an offence, which in the… Read More »

Section 189 of Insolvency and Bankruptcy Code 2016

By | August 8, 2016

Section 189  of Insolvency and Bankruptcy Code 2016 Constitution of Board. 189. (1) The Board shall consist of the following members who shall be appointed by the Central Government, namely:— (a) a Chairperson; (b) three members from amongst the officers of the Central Government not below the rank of Joint Secretary or equivalent, one each to… Read More »