Daily Archives: October 22, 2016

Dispatch or service of order isn’t relevant for settlement application ,

Brief Facts of the Case:- Assessing Officer,passed Order on 15.3.2016 .On 16.3.2016, the assessee filed application for settlement before the Settlement Commission at Mumbai. Whether the order of assessment would be deemed to be pending for purpose of maintainability of settlement application just because such order was not dispatched or served? Held For the purpose… Read More »

Amendment to Section 28 of Contract Act is Prospective : Supreme Court

  SUPREME COURT OF INDIA Union of India v. Indusind Bank Ltd. C. NAGAPPAN AND R.F.NARIMAN, JJ. CIVIL APPEAL NOS. 9087-9089 OF 2016 SEPTEMBER  15, 2016 Ms. Manita Verma, Vibhu Shankar Mishra, R.K. Rathore, Arvind Kumar, Raj Bahadur Yadav, M.K. Maroria, Ms.Shruti Srivastava and Shreekant N. Terdal, Advs. for the Petitioner. Pranab Kumar Mullick, Mrs.… Read More »

Handbook on Internal Auditing-2016

Handbook on Internal Auditing Handbook on Internal Auditing : Description & Features Publisher: Bharat Law House; 2016 edition (2016) Language: English Guidance on Internal Financial controls over Financial reporting u/s 143(3) (i) of the Companies Act, 2013 •  Audit Risk and enterprise Risk Management [ERM] •  Internal Audit and Corporate Governance •  Internal Audit Questionnaires… Read More »

Glimpses of GST -Book

Glimpses of GST (Incorporating Draft GST Rules and Forms) Glimpses of GST is a Handbook covering provisions under Model GST Law. It is not a commentary but a complete guide for the Tax professionals, Departmental officers, Industry professionals and as well as the beginners who are looking forward to know more about GST. The provisions… Read More »

GST Return -Types

GST Return Under GST, there are following forms for filing of returns by tax payers. All these forms are required to be e-filed. The details of each form are listed below along with details of applicability and periodicity. Sr.No Form Who to File ? What to file? When to File ? 1 GSTR-1 Registered taxable… Read More »

Company Secretarial Practice Manual

Company Secretarial Practice Manual Company Secretarial Practice Manual is a comprehensive manual comprising topic-wise concise commentary on the law and procedures under the Companies Act, 2013. The third edition of the book has been thoroughly revised in view of sea changes brought in by the Companies Act, 2013. This edition is a unique treatise, comprising… Read More »

Handbook on DUTY DRAWBACK -2016 Edition

Handbook on DUTY DRAWBACK Covering all industry rates of duty drawback as amended vide notificatio no 110/2016 Cus(NT) dated 13-8-2016 w.e.f 1-09-2016 Paperback: 571 pages Publisher: Commercial Law House; 2016 edition (2016)

GST roll out stuck again

After raising high expectations, Finance Minister Arun Jaitley-headed GST Council has hit a speed breaker which is rather annoying. This does not augur well for the economy that needs as big bang a reform as the Goods and Services Tax, sooner than later. Given the diversity of economic development, divergence of opinion among states is… Read More »

Category: GST

Impact of GST on Mergers

GST Will Lead to Mergers, Rise of World Class Cos, Says Mobius In an exclusive interview with ET Now’s Tanvir Gill, Mark Mobius, executive chairman, Templeton EM, says GST is unlikely to be fully implemented before end of next year. Edited excerpts: The GST council has proposed a structure of levying cess on ultra-luxury and… Read More »

CAG ready for GST challenges

CAG gearing up for audit changes in view of GST rollout As the government goes full throttle to roll out Goods and Services Tax (GST) from April 1, the CAG today said it is ready for the new challenges and will take steps to enhance effectiveness of revenue audit. Comptroller and Auditor General (CAG) Shashi… Read More »

E Book on Principles of Natural Justice

Principles of Natural Justice INDEX Introduction  Nemo debet essc judex in propria causa  Bias: Pecuniary Bias  Personal Bias  Official Bias  Audi alterem partem Issuance of Notice Notice to Indicate Evidence Being Relied Upon  Return of Non-Relied upon Documents  Right to make Representation Reasonable time to file Reply  Grant of Personal Hearing  Personal Hearing and Decision… Read More »

USA- Retirement Plans Can Make Loans, Hardship Distributions to Hurricane Matthew victims

Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Matthew WASHINGTON —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families. This is similar to relief provided this summer to Louisiana flood victims. Participants… Read More »