Daily Archives: August 7, 2016

Business defined but profession not defined under Model GST Law

By | August 7, 2016

Model GST Law Business is defined in  Section 2(17) of Model GST Law but there is no definition of Profession :- (17) “business” includes – (a) any trade, commerce, manufacture, profession, vocation or any other similar activity, whether or not it is for a pecuniary benefit; (b) any transaction in connection with or incidental or ancillary to (a)… Read More »

UAN based claim Form No 31: Employers Attestation not required : EPFO

By | August 7, 2016

UAN based Claim Form No. 31 (UAN) Employees Provident Fund Organization Ministry of Labour and Employment  Govt. of India No. WSU/10(1)2011/Changes in MAP/2078 Dated: 04 Aug, 2016 To All ACCs (Zones) All RPFC Incharge of ROs/SROs. Sub: UAN based Claim Form No. 31 (UAN) – Instruction on submission of Declaration Form Ref: (1) Head Office… Read More »

ICAI Exposure draft on Guidance on Accounting for Oil and Gas Activities b

By | August 7, 2016

Exposure Draft of the Guidance Note on Accounting for Oil and Gas Producing Activities (for entities to whom Ind AS is applicable) (Comments to be received by August 31, 2016) – (02-08-2016) As the era of Indian Accounting Standards, i.e., Ind AS has already started, the Institute of Chartered Accountants of India (ICAI) has taken… Read More »

Issuance of Rupee Bonds to Overseas Investors by Indian Companies : MCA Circular

By | August 7, 2016

SECTION 71 OF THE COMPANIES ACT, 2013 ISSUANCE OF RUPEE BONDS TO OVERSEAS INVESTORS BY INDIAN COMPANIES GENERAL CIRCULAR NO.9/2016 [NO.1/21/2013-CL-V], DATED 3-8-2016 The Ministry has received references from stakeholders seeking clarity on applicability of provisions of Chapter III of the Companies Act, 2013 (Act) and rule 18 of Companies (Share Capital and Debenture) Rules,… Read More »