GST REGISTRATION RULES DRAFTED
Posted Date : 27-Sep-2016 , 11:41:35 am | Posted By
Manish Baid
The Government on Monday released draft rules for registration, payment and invoices under the goods and services tax (GST) regime. The rules are expected to be finalized in the second meeting of the GST council to be held in New Delhi on Friday.
According to the Draft Rules, A Resident Assessee ...
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Category : GST |
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Registration under GST
Posted Date : 23-Sep-2016 , 07:29:40 pm | Posted By
Rishi Goyal
Registration under GST
Who is liable to be registered under GST ?
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Every Supplier shall be liable to be registered under GST Act if
his aggregate turnover in a financial year exceeds the THRESHOLD Limit i.e. 9 lak...
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Category : GST |
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COMPREHENSIVE UNDERSTANDING ON ISSUE OF BONUS SHARES
Posted Date : 23-Sep-2016 , 10:46:32 am | Posted By
Akshay Goyal
COMPREHENSIVE UNDERSTANDING ON ISSUE OF BONUS SHARES
CS Akshay Goyal
Content:-
Introduction
Advantages
Company’s view
Investor’s view
Checklist
Procedure
Stamp Duty on issue of Bonus Shares
Tax treatment in the hands of the shareholders
Impact of bonus issue on ...
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Category : Corporate Law |
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Bank Concurrent Audit - All you need to know about
Posted Date : 22-Sep-2016 , 12:21:38 pm | Posted By
Kapil Khandelwal
BANK CONCURRENT AUDIT – ALL YOU NEED TO KNOW ABOUT
Concurrent audit is an examination which is contemporaneous with the occurrence of transactions or is carried out as near thereto as possible. It attempts to shorten the interval between a transaction and its examination by an indepen...
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Category : Banking |
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GST History & Introduction
Posted Date : 21-Sep-2016 , 11:56:40 pm | Posted By
Rishi Goyal
Hello Friends, This article has divided into two parts i.e. 1. History of GST in India 2. Introduction of GST
History of GST in INDIA
In the Indian System, first time discussion on GST has been started in 2000. In 2000, The Vajpayee Govt. started discussion on GST by setting up an empowered c...
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Category : GST |
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An Insight of Corporate Banking - The Begining
Posted Date : 19-Sep-2016 , 12:27:02 am | Posted By
Kapil Khandelwal
When it comes to Banking, yes off course one of the India's growing industry consists of 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks, As per the Reserve Bank of India (RBI), Ind...
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Category : Banking |
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PACKAGE SCHEME OF INCENTIVES 2013 OF MAHARSHTRA
Posted Date : 18-Sep-2016 , 02:19:04 pm | Posted By
Ca Dilip Lohiya
Package Scheme of incentives (PSI-2013
In order to encourage the dispersal of industries to lesser developed area of the Maharashtra state, the govt. has been giving package of incentives to new industrial unit/ expansion since 1964 Unit set up in the developing regions of the state in under scheme...
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Category : General |
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One India, One Tax- GST
Posted Date : 17-Sep-2016 , 11:49:30 am | Posted By
Prafful Lalwani
One India, One Tax Goods and Service Tax (GST)
Introduction GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will have an impact on the tax structure, tax incidence, ta...
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Category : GST |
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SMALL COMPANIES UNDER COMPANIES ACT 2013
Posted Date : 16-Sep-2016 , 02:37:02 pm | Posted By
FCA YOGESH BANGIA
INTRODUCTION:
It’s rightly said Small businesses are vital to the success of the economy. Not only as they provide the success stories of the future, but also because they meet local, they serve the requirement of larger business. The concept of “Small Company” has been introduced...
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Category : Companies Act |
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Transactions that are required to be reported under section 285BA (1) (AIR Reporting)
Posted Date : 11-Sep-2016 , 05:01:17 pm | Posted By
RAHUL MODI
Transactions that are required to be reported under section 285BA (1) (AIR Reporting) The statement of financial transaction shall be furnished by every person mentioned in column (3) of the Table below in respect of all the transactions of the nature and value specified in the correspon...
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Category : Income Tax |
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RBI Governor changed - How does it matter?
Posted Date : 09-Sep-2016 , 02:57:05 pm | Posted By
KARAN GOGIA
You must have realized by now that Mr Rajan exit has been seen via different lenses. Lot of rumors are coming in and some looks really promising.
Here my idea for writing this article is not to indulge you in one more rumor but to help you understand how does it matter if Mr X or Mr Y is app...
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Category : Bank |
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Place of Supply under the Model GST Law
Posted Date : 08-Sep-2016 , 04:44:59 pm | Posted By
Vineet Chopra
Place of Supply under the Model GST Law By CMA Vineet Chopra, FCS, ACMA, LLM, PGGDBA-Finance. Mb: 08720-021-021, email: vineet.chopra01@gmail.com
Place of Supply (POS) Determination of POS is an important aspect of GST &n...
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Category : GST |
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Supply of Goods Vs. Supply of Services in GST: Test of Constitutional Validity
Posted Date : 07-Sep-2016 , 12:20:30 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Supply of Goods Vs. Supply of Services in GST: Test of Constitutional Validity Owing to the federal structure of India, where there are two taxing authorities – the Central Government and the State Government(s), the Country has witnessed overlapping of pow...
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Category : GST |
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Goods Vs. Services in GST: Concept and Open Issues
Posted Date : 05-Sep-2016 , 11:01:23 am | Posted By
CA Bimal Jain
Dear Professional Colleague, Goods Vs. Services in GST: Concept and Open Issues
As Goods and Services Tax (“GST”) is going to be levied on supply of goods and/or services, meaning of ‘goods’ and ‘services’ would also play vital role in levy and char...
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Category : GST |
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Supply- Taxable Event under Model GST Law-Inclusive and Subjective
Posted Date : 31-Aug-2016 , 12:11:36 pm | Posted By
CA Bimal Jain
Supply- Taxable Event under Model GST Law-Inclusive and Subjective With step-by-step progress towards Goods and Services Tax (“GST”), the Country is all set to witness the biggest indirect tax reform of unmatched importance in independent India. GST would mark a paradigm shift in the in...
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Category : GST |
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Differences between Overdraft and Cash Credit
Posted Date : 20-Aug-2016 , 12:10:09 pm | Posted By
Mahesh Bansal
Most of us don't see any difference between a Cash Credit(CC) and an Overdraft(OD). Even most of the bankers interchange the two terms. Most of the banks call the working capital limit as 'CC' while some banks term it as 'OD' However, if going by the strict definitions, the two terms differ as foll...
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Category : Banking |
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Brief description of 'Mudra Loan Scheme'
Posted Date : 17-Aug-2016 , 06:04:10 pm | Posted By
Mahesh Bansal
Dear Members,
Many of our friends frequently inquire about different aspects of Mudra Loans under Pradhan Mantri Mudra Yojna. Though they have already gone through the details of this scheme, a few aspects remain unclear due to lack of proper guidance. So, to facilitate them, I have compile...
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Category : Banking |
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GST Simplified
Posted Date : 11-Aug-2016 , 10:22:05 pm | Posted By
Ankit
GST and its working:
Goods and Service Tax (GST) as the name suggest is a one single tax on the supply of goods and services, right from the Manufacturing to the ultimate delivery to customer. Credits of input tax paid at each stage will be available in the subsequent stage of value addition, which...
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Category : GST |
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3 | Hits : 3195 |
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Differences between a 'Home loan' and a 'Loan against property'
Posted Date : 21-Jul-2016 , 02:40:14 pm | Posted By
Mahesh Bansal
I have observed that many people can not differentiate correctly between a 'home loan' and a 'loan against property'. Many people call me to inquire about a 'home loan' against security of a property already owned by them. It is not a 'home loan'. Instead, it is a ...
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Category : Banking |
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Due dates for the Month of July 2016
Posted Date : 13-Jul-2016 , 02:36:04 pm | Posted By
RAHUL MODI
15 July 2016
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending June, 2016
15 July 2016
Quarterly statement of TCS deposited for the quarter ending 30 June, 2016
22 July 2016
Due date...
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Category : Income Tax |
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