Daily Archives: November 4, 2016

Video- GST Rates Finalized- Arun Jaitley press conference on 4th GST council meet

By | November 4, 2016

Arun Jaitley addresses press conference on 4th GST council meet Union Finance Minister Arun Jaitley addresses press conference on 4th GST council meet in New Delhi on Thursday. 03.11.2016 The two-day meeting (held on 03rd and 04th of November) of the Goods and Services Tax Council (GSTC) was able to build consensus as to the… Read More »

Govt confident of GST Bills’ passage in winter session

By | November 4, 2016

Govt confident of GST Bills’ passage in winter session With elections in five states — including Uttar Pradesh — on the anvil, several raging controversies from an alleged fake encounter in Madhya Pradesh and the suicide of an ex-serviceman, the forthcoming winter session of Parliament is set to be rocky. But government sources were on… Read More »

Category: GST

Nasscom concerned over GST implementation

By | November 4, 2016

Software lobby group National Association of Software and Services Companies (Nasscom) said it was yet to get clarity on the rates for IT products but cautioned that the bigger challenge for the sector would be the implementation of the goods and services tax. “The industry is looking at a rate of 12-16 per cent. So,… Read More »

Category: GST

India Inc Welcomes Four-tier GST Tax Rates

By | November 4, 2016

India Inc Welcomes Four-tier Tax Rates India Inc, which will possibly benefit the most from the introduction of Goods and Services Tax, welcomed the rapid progress on this key reform even as it pointed out certain shortcomings that it hoped would be addressed over a period of time. Industry has called for a centralised registration… Read More »

Category: GST

RBI announces Draft guidelines for Centralised Hedging for Indian Subsidiaries of Non-Resident Companies

By | November 4, 2016

RBI announces Draft guidelines for Centralised Hedging for Indian Subsidiaries of Non-Resident Companies The Reserve Bank of India today released draft operational guidelines to allow the overseas parent or its central treasury to hedge the currency risk arising out of genuine current account exposures of the Indian subsidiary in order to better manage the latter’s… Read More »

NCLT Book -Law Practice & Procedure of National Company Law Tribunal- Book (2016 Edition)

By | November 4, 2016

Law Practice & Procedure of National Company Law Tribunal (2016 Edition) Paperback – 2016 A Comprehensive Guide to Law Practice & Procedure of National Company Law Tribunal/Appellate Tribunal Paperback: 956 pages Publisher: Taxmann Publications Pvt. Ltd.; 2016 Edition edition (2016) Language: English

Foreign traveling expenses of Director Wives Disallowed

By | November 4, 2016

Facts of the case The assessee claimed an amount of Rs. 2,24,204/- as foreign traveling expenses in respect of its Directors’ wives who traveled with the Directors while they were on business tours. The Assessing Officer noted that the assessee had given a note in the auditors report that this expenditure was incurred under the… Read More »

DVAT return due date for year 2016-17 Extended

By | November 4, 2016

[ Related Post Due date of DVAT return for Q3 FY 2016-17 Extended ] Earlier DVAT second quarter return due date for year 2016-17 was also Extended by following circular GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No. F7(420)/VAT/Policy/2011/PF/839-44 Dated 28/10/2016 CIRCULAR NO. 17… Read More »