Daily Archives: January 10, 2017

Comments invited on Prevention of Cruelty to Animals (Dog Breeding and Marketing) Rules 2016

By | January 10, 2017

Prevention of Cruelty to Animals (Dog Breeding and Marketing) Rules, 2016 Environment Ministry Invites Comments on Draft Notification for Prevention of Cruelty to Animals (Dog Breeding and Marketing) Rules, 2016 to Prevent Infliction of Unnecessary Pain or Suffering on Animals   The Ministry of Environment, Forest and Climate Change has invited comments on the draft… Read More »

Real Estate Act 2016 – New Book-2017 by Taxmann

By | January 10, 2017

Real Estate (Regulation and Development) Act 2016 Paperback – 2017 by Taxmann (Author) Link to Buy Real Estate (Regulation and Development) Act 2016 Edition : 2017 Edition Date of Publication : January 2017 Binding : Paperback No. Of Pages : 484 Weight (Kgs) : 0.515  View Contents of  Book -Real Estate (Regulation and Development) Act… Read More »

GST #Issue17 – Change in rate of tax in respect of supply of goods or services

By | January 10, 2017

Change in rate of tax in respect of supply of goods or services Provisions in Revised Model GST Law regarding Change in rate of tax in respect of supply of goods or services Section 14 of Revised Model GST Law provides as follow :- 14. Change in rate of tax in respect of supply of goods or services… Read More »

Notice not issued to heirs of deceased assessee, Re assement Quashed by High Court

By | January 10, 2017

Held The reassessment proceedings have been initiated against the dead person and that too after a long delay, therefore, even if Section 159 of the Act is attracted, in that case also, the notice was required to be issued against and in the name of the heirs of deceased assessee. The impugned notice dated 29th… Read More »

GST #Issue16 : GST on Advance Payment for Goods and Services

By | January 10, 2017

Taxation of Advance Payments received for goods/ services under GST Regime   Provisions in GST relating to Taxation of Advance Payments for Goods or Services [ Read GST on Advance Payments of Goods & Services – Analysis after CGST Act 2017 and IGST Act 2017) In terms of section 12 (Time of Supply of Goods)  & Section… Read More »

GST #Issue15 – No Remission from GST for deficiency in Quantity supplied

By | January 10, 2017

Remission of Tax in case of deficiency  in Quantity supplied under GST Regime Provision in GST relating to Remission of Tax in case of deficiency  in Quantity supplied Govt of India has deleted the Section 11 from Revised Model GST law which was found in the Old Model GST Law , dealing with remission of… Read More »

GST #Issue14 – Power of Govt to retrospectively Change Exemption from GST

By | January 10, 2017

Power of Govt to retrospectively Change Exemption from GST Facts as per Section 11(3) of Revised Model GST Law Section 11 of Revised Model GST Law empowers Central/ State Governments to exempt …………………. Goods and/or services from whole or any part of the tax leviable thereon. But Section 11(3) provides as follow :- 11. Power to grant… Read More »

Delay filing of Annual Return could be compounded if recommended by ROC

By | January 10, 2017

Held A report from office of ROC Kanpur (UP & Uttarakhand) was called for. The ROC vide his report dated 31-7-2015 has submitted that matter may be decided on merits. However, in Point 22 of its report. He also recommended for compounding/composition of offence. This means that the office of ROC has no objection for… Read More »

SPICe ( INC-32 ) FAQ’s

By | January 10, 2017

SPICe (INC-32) Vide the Companies (Incorporation) Amendment Fifth Rules, 2016 dated 29th December 2016, INC-2 is deprecated and INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs… Read More »