Daily Archives: October 4, 2016

GST Registration Process for Existing Registered Dealer- Flow Chart

GST Registration Process for Existing Registered Dealer- Flow Chart   1. Provisional GST  Registration  for Existing Dealers :– As per section 142(1) of Model GST  ,the Existing registered dealers under any of the earlier laws shall be issued a certificate of GST registration on a provisional basis in such form and manner as may be… Read More »

RBI Revised repo rate for Standing Liquidity Facility for Primary Dealers

RBI/2016-17/75 REF.No.MPD.BC.381/07.01.279/2016-17 Ashwina 12,1938(Saka) October 4, 2016 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facility for Primary Dealers Please refer to the Fourth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25… Read More »

Category: RBI

RBI Reduced Bank Rate

RBI/2016-17/74 DBR.No.Ret.BC.19/12.01.001/2016-17 October 04, 2016 The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks, Dear Sir, Change in Bank Rate Please refer to circular DBR.No.Ret.BC.90/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Fourth Bi-Monthly Monetary Policy Statement 2016-17 dated October 04, 2016, the Bank Rate stands adjusted by… Read More »

Tax Digest & Referencer 2016 (2 Volumes)-Judgments of Supreme Court/High Courts

Yearly Tax Digest & Referencer (Set of 2 Volumes) Hardcover – 2016 Volume 1 : A Section -wise case book of Judgments of Supreme Court/High Courts reported in www.taxmann.com & various Tax Journals in year 2015. Also Incorporating:Section -wise Compendium of Circulars issued by CBDT during 2015, Text of notifications issued during 2015 ******* Volume… Read More »

Guide to SARFAESI Act 2002 & Recovery of Debts and Bankruptcy Act 1993 (September 2016 Edition)

Guide to SARFAESI Act 2002 & Recovery of Debts and Bankruptcy Act 1993 (September 2016 Edition) BUY Guide to SARFAESI Act 2002 & Recovery of Debts and Bankruptcy Act 1993 (September 2016 Edition) As Amended by Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act 2016 & Insolvency and Bankruptcy Code 2016**** Effective… Read More »

Bank Concurrent Audit Procedures Manual Sept .2016 Edition

Bank Concurrent Audit Procedures Manual (September 2016 Edition) Paperback – 2016 BUY Bank Concurrent Audit Procedures Manual (September 2016 Edition) (In Accordance with RBI Guidelines and ICAI Standards). With : Audit Checklists and Procedures, Audit Hints, Concurrent Audit Formats, Auditor Empanelment Information Paperback: 548 pages Publisher: Taxmann Publications Pvt. Ltd.; 2016 Edition edition (2016) Language:… Read More »

Flow Chart for GST Registration in India

Steps and Flow Chart for GST Registration in India GST Registration Steps for Existing Dealer GST Registration Steps for New Dealer /Input Service Distributor Steps for GST Registration Application  Every person, other than a non-resident taxable person who wants to register under GST must provide his Permanent Account Number (PAN), mobile number and e-mail address in Part… Read More »

GST Registration Checklist for Input Service Distributor

GST Registration Checklist for Input Service Distributor (ISD) Key points for GST Registration of Input Service Distributor 1) Although Input Service Distributors are existing registered taxable person but they shall not be issued any provisional GST registration certificate 2)  Input Service Distributors  needs to submit PAN, Mobile No and E-mail ID to GSTN site by filling Part A of… Read More »

Financial Resolution and Deposit Insurance Bill 2016

Financial Resolution and Deposit Insurance Bill 2016 An Act to establish a framework to carry out the resolution of certain categories of financial service providers in distress, to provide deposit insurance to consumers of certain categories of financial services and for designation of Systemically Important Financial Institutions by the Central Government for resolution; And whereas… Read More »

SEBI revised FPI debt Limits – Investments by FPIs in Government securities

CIRCULAR IMD/FPIC/CIR/P/2016/107 October 03, 2016 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term Framework (MTF) for… Read More »

National Advisory Committee on Accounting Standards Notified

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd October, 2016 S.O. 3118(E).—In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956, (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons,… Read More »

Depreciable asset is short-term asset, eligible for exemption : SC

Depreciable asset is short-term asset, eligible for exemption: The Supreme Court of India held that even though a depreciable asset is treated as a short-term asset, it is eligible for an exemption under a special provision for computing capital gains of depreciable assets. T The case is:V.S. Dempo Company Ltd. Download  Full report of KPMG Depreciable asset is… Read More »

GST Returns : Who … What….When…How ..Explained

GST Return  Who … What….When….How to File GST Return Sr.No Form Who to File ? What to file? When to File ? 1 GSTR-1 Registered taxable supplier Outward supplies 10th of the month succeeding the tax period 2 GSTR-2 Registered taxable recipient Inward supplies /Purchases 15th of the month succeeding the tax period 3 GSTR-3… Read More »

Download GSTR 1-Outward Supplies Made by the Taxpayer

Download GSTR 1 Form Download GSTR 1 Form – Outward Supplies Made by the Taxpayer. Download GSTR 1 Form in PDF Format. We Provide GST Return Form GSTR 1 in PDF Format. This from is applicable for “Outward supplies made by taxpayer (other than compounding taxpayer and ISD)” and tthis GSTR 1 Form is require to submit… Read More »

ICSI new Procedure for new ACS membership

The Institute of Company Secretaries of India Modification in the procedure of applying for new ACS membership The Council of the Institute has approved the followings to simplify the procedure for accepting & processing the applications for new ACS membership as under: i. Henceforth, students can submit all supporting documents under self-attestation of the applicant… Read More »

Insolvency and Bankruptcy Board of India Notified by Govt

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2016 S.O. 3110(E).-In exercise of the powers conferred by sub-section (1) and (3) of section 188 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints 01st October, 2016 as the date of establishment of Insolvency and Bankruptcy Board of… Read More »