Daily Archives: November 5, 2016

GST Impact on Stock Market and Shares

Concern over securities transaction under GST The proposed model of goods and services tax (GST), which has included ‘securities’ in the definition of goods, has raised serious concerns on whether transactions in securities would attract GST or would be subject to an additional tax. According to tax experts, the government needs to improve the proposed… Read More »

GST Impact on Insurance Sector

Insurance may fall under 12% tax slab in new tax regime Insurance might come under the 12 per cent tax slab in the goods and services tax (GST) regime to be implemented from April 1, 2017, sources said. The sector had sought a slab of five per cent less. Sachin Menon, partner and head of… Read More »

Draft law for states’ compensation to be ready by November 15

The Centre is set to draft the goods and services tax (GST) compensation law by November 15 for discussion in the next meeting of the GST Council, slated for November 24-25. States had demanded such a law to fully compensate them for a period of five years for the likely revenue loss they might incur.… Read More »

Category: GST

Govt’s Next Task on GST: Training 18L Tax Officials

Govt’s Next Task on GST: Training 18L Tax Officials After finalising the goods and services tax (GST) rates with the consensus of all the states, the central government has taken on another equally challenging task: to train nearly two million officers to handle the new tax mechanism. The Centre has roped in senior tax experts… Read More »

Category: GST

GST Council – 1st Meeting Press Conference by Sh Arun Jaitley

GST Council – 1st Meeting (India) Arun Jaitley live press conference after the GST council meet Key Decision after GST Council – First Meeting on 22 September 2016 All decisions in GST council first meeting were with consensus and no voting was done. Mainly 6 issues were discussed in GST Council 1st Meeting 1 GST Exemption Threshold… Read More »

After GST only 5% of returns may be picked up for scrutiny

Post GST, just 5% of returns may be picked up for scrutiny NEW DELHI, NOVEMBER 4:   The Goods and Services Tax regime will bring in more simplified compliance procedures for taxpayers and just five per cent of all returns file will be selected for scrutiny annually. “Just five per cent of cases will be chosen… Read More »

Category: GST

Applications invited for accounts officer, CA, programmer

Madhya Pradesh Power Management Company Limited Last Date : Nov 15, 2016 Applications are invited for accounts officer ( on regular basis) and chartered accountant & programmer ( On contract Basis). Address: Multi Location – Madhya Pradesh Download Link  Madhya Pradesh Power Management Company Limited

Empanelment of CA/ CMA Firm as Internal Auditor for CSPHCL for Financial Years 2016-17 & 2017-18

Chhattisgarh State Power Holding Company Limited Last Date : Nov 09, 2016 Appointment of Chartered Accountant (CA)/ Cost & Management Accountant (CMA) Firm as Internal Auditor for CSPHCL for the Financial Years 2016-17 & 2017-18 Address: General Manager (Finance), CSPHCL,Vidyut Sewa Bhawan, Danganiya, Raipur (CG)-492013. Download Complete Link  Chhattisgarh State Power Holding Company Limited

PNB Empanelment of CA Firms for Revenue Audit of Branches -last date 30.11.2016

PNB invites Applications from CA Firms for Revenue Audit of Branches. Punjab National Bank invites applications on the undernoted prescribed format from practicing firms of Chartered Accountants in India who fulfill the eligibility criteria as mentioned here under and are willing to have their Firms empanelled as Revenue Auditors in the Bank for conducting revenue audit… Read More »

Free Book on Aspects of International Taxation — A study (Revised 2016)

Free Book on Aspects of International Taxation — A study (Revised 2016) (Case laws are updated till July, 2016) Download Book on Aspects of International Taxation — A study International Taxation due to its dynamic and ever changing nature has always been a complex subject not only to study but to practice. Due to increase in… Read More »

Conduct Inspections & reviews of subordinates : Chairman CBDT

SUSHIL CHANDRA Chairman, CBDT & Special Secretary to the Government of India GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 E-mail : chairmancbdt@nic.in Tele : 23092648 & Telefax : 23092544 D.O. F.No. DGIT(Vig.)/PV/2016-17/4559 Dated: 4.11.2016 Dear Colleagues, Sub: Preventive Vigilance as a management function – regarding… Read More »