GST bill in LS likely on Monday, BJP issues whip
Posted Date : 05-Aug-2016 , 01:45:57 pm | Posted By CASANSAAR
The GST Bill, which was passed by the Rajya Sabha on Wednesday, is likely to be tabled in the Lok Sabha on August 8 for which the BJP has issued a whip to its members in the Lower House to ensure its smooth passage.
The whip issued by the ruling party today has asked its members to be present in ...
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Category :
GST |
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0 | Hits : 995
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Beware of fake mails regarding Job Openings
Posted Date : 04-Aug-2016 , 09:48:11 pm | Posted By CASANSAAR
Respected Members,
We would like to aware you that there are some fake agencies who mail you the Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will seem to you in a way t...
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CA |
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0 | Hits : 1360
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RBI starts portal to curb firms' illegal money pooling
Posted Date : 04-Aug-2016 , 07:33:43 pm | Posted By CASANSAAR
To curb illegal and unauthorised pooling of funds by unscrupulous firms, Reserve Bank today launched a website, which will help people obtain information about entities allowed to collect deposits.
Launching the portal -- sachet.rbi.org.in -- RBI Governor Raghuram Rajan said that initiating quick...
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RBI |
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0 | Hits : 933
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Govt aims to roll out GST from April 1 next year
Posted Date : 04-Aug-2016 , 07:31:58 pm | Posted By CASANSAAR
The Government has set the target of 1st April next year for roll out of the Goods and Services Tax, GST.
Addressing a press conference in New Delhi, Finance Minister Arun Jaitley today unveiled a detailed road map for GST implementation.
He said that government is aiming for an optimal ...
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GST |
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Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)
Posted Date : 04-Aug-2016 , 07:19:59 am | Posted By CASANSAAR
Following are the answers to the various frequently asked questions relating to GST:
Question 1.What is GST? How does it work?
Answer: GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and serv...
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GST |
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0 | Hits : 2901
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India’s biggest tax reform measure, GST Bill passed in Rajya Sabha
Posted Date : 03-Aug-2016 , 09:29:53 pm | Posted By CASANSAAR
After an over seven hour-long debate, the Rajya Sabha today passed the long-pending Goods and Services Tax (GST) which is being described as the country's most transformative tax reform in decades. Barring All India Anna Dravida Munnetra Kazhagam (AIADMK) most other parties supported t...
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GST |
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0 | Hits : 1505
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Cabinet clears Motor Vehicle (Amendment) Bill 2016 to improve road safety in India
Posted Date : 03-Aug-2016 , 08:49:11 pm | Posted By CASANSAAR
Union Cabinet today gave its approval to Motor Vehicle (Amendment) Bill 2016 to improve road safety in the country. The bill proposes to increase penalties against traffic violations to as deterrent measure.
It also has stricter provisions for offences like juvenile driving, drunken driving...
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General |
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0 | Hits : 717
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GST Bill amendments circulated, RS to take it up tomorrow
Posted Date : 02-Aug-2016 , 07:36:56 pm | Posted By CASANSAAR
The government has circulated official amendments to the GST bill to drop 1 per cent additional tax and include a definite provision in the statute for compensating states for revenue loss for 5 years as it gears up to discuss the long-pending bill in the Rajya Sabha tomorrow.
Under the modified ...
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Category :
GST |
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0 | Hits : 926
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Pass Percentage of CA IPC May 2016 Exams
Posted Date : 02-Aug-2016 , 02:20:51 pm | Posted By CASANSAAR
CA IPC May 2016 Exams Result has been announced by ICAI.
The Detail of percentage of candidates passed in the above said examinations are given below.
Candidates Applied For
No. Of Candidates Appeared
No. Of Candidates Passed
% Of Pass
I
...
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ICAI |
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0 | Hits : 3672
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Govt lists GST bill in Rajya Sabha for Wednesday
Posted Date : 01-Aug-2016 , 09:48:39 pm | Posted By CASANSAAR
The long-pending GST Bill was today listed for consideration and passage in Rajya Sabha on Wednesday amidst strong indications that the most far-reaching taxation reform in independent India would be supported by Congress and all other major political parties.
The Goods and Services Tax (GST) Bil...
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GST |
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0 | Hits : 1077
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RBI releases guidelines for on-tap bank licence
Posted Date : 01-Aug-2016 , 09:45:23 pm | Posted By CASANSAAR
Reserve Bank of India (RBI) on Monday released the much-awaited guidelines for 'on tap' universal banking licence, but excluded large industrial houses as eligible entities from the purview, though they can invest in banks up to 10 per cent.
As per the "Guidelines for 'on tap'...
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RBI |
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0 | Hits : 937
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Lok Sabha clears Bill for quicker, easier debt recovery
Posted Date : 01-Aug-2016 , 09:38:14 pm | Posted By CASANSAAR
The Lok Sabha on Monday passed a law empowering banks to take possession of collateral in the case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education loans. He ruled out any waiver in the event of e...
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Banking |
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0 | Hits : 844
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Rani Nair set to be new CBDT Chairperson
Posted Date : 31-Jul-2016 , 06:31:08 pm | Posted By CASANSAAR
Senior IRS officer Rani Singh Nair is set to be appointed as the new CBDT Chairperson with incumbent Atulesh Jindal retiring today.
Nair, a 1979-batch Indian Revenue Service officer of the Income-Tax cadre, is currently working as Member (Legislation and Computerisation) in the Centra...
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CBDT |
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0 | Hits : 1042
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Government Extends Deadline For Filing ITRs to 5th August
Posted Date : 29-Jul-2016 , 08:24:38 pm | Posted By CASANSAAR
The government has extended the last date for filing income tax returns, Press Trust of India reported.
Revenue Secretary Hasmukh Adhia said the last date for filing income tax returns has been extended to August 5, 2016, the agency said.
Generally, July 31 is the last date for filing income t...
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ITR |
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Finance Ministry warns tax officials on resolution against revenue dept
Posted Date : 29-Jul-2016 , 09:29:22 am | Posted By CASANSAAR
Sending a stern warning of disciplinary action against tax officials who passed a resolution against Department of Revenue last week, the finance ministry has said it’s an act of insubordination and that no government department has absolute autonomy.
“Finance minister Arun Jaitley ha...
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Income Tax |
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0 | Hits : 1169
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Simplified Central Excise norms for Jewellery Sector notified
Posted Date : 29-Jul-2016 , 09:18:27 am | Posted By CASANSAAR
In this year’s Budget, central excise duty of 1% without input and capital goods tax credit or 12.5% with credit was imposed on articles of jewellery falling under heading 7113 of the First Schedule to the Central Excise Tariff 1985. Subsequent to that, the Government had set up a Sub-Committe...
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Excise |
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Bank employees on strike today against merger with SBI
Posted Date : 29-Jul-2016 , 09:16:16 am | Posted By CASANSAAR
Normal banking operations may take a hit today as public sector bank employees will go on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government. The United Forum of Banks Unions, an umbrella organisation of nine bank employees and offic...
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Category :
Banking |
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0 | Hits : 1317
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Lok Sabha passes comprehensive bill to check benami transactions
Posted Date : 27-Jul-2016 , 10:37:55 pm | Posted By CASANSAAR
Seeking to check black money, Lok Sabha on Wednesday passed a comprehensive Benami Transactions Amendment Bill, with Finance Minister Arun Jaitley assuring that genuine religious trusts will be kept out of the purview of the legislation.
Moving the Benami Transactions (Prohibition) Amendment Bill...
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General |
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0 | Hits : 1443
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Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15%
Posted Date : 27-Jul-2016 , 09:59:08 pm | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange. The Cabinet has also...
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International Business |
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0 | Hits : 854
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RBI slaps Rs 27-cr penalty on 13 banks for FEMA
Posted Date : 27-Jul-2016 , 09:50:39 pm | Posted By CASANSAAR
In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while asking eight others including SBI and ICICI Bank to ensure strict compliance with guidelines.
On the basis of inputs received ...
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Category :
Banking |
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0 | Hits : 1203
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Govt fixes Dec 31 deadline for retro tax settlement
Posted Date : 27-Jul-2016 , 09:49:31 pm | Posted By CASANSAAR
Government has fixed December 31, 2016 as the deadline for companies like Vodafone and Cairn Energy Plc to settle their retrospective tax disputes.
The one-time offer to settle tax issues by waiving of interest and penalty, if the companies paid up the principal tax amount, had opened on June 1 t...
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Category :
Income Tax |
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0 | Hits : 780
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Union Cabinet clears amendments in GST Bill
Posted Date : 27-Jul-2016 , 09:47:58 pm | Posted By CASANSAAR
Union Cabinet today approved amendment in Goods and Services Tax Bill and dropped one percent additional tax on inter-state sales as proposed in the current bill.
Sources said, the Cabinet also agreed to include the mechanism of compensating states for all loss of revenue for five years in the bi...
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Category :
GST |
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0 | Hits : 1526
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Lok Sabha passes the Child Labour Amendment Bill
Posted Date : 27-Jul-2016 , 08:49:12 am | Posted By CASANSAAR
The Lok Sabha on Monday passed the Child Labour (Prohibition and Regulation) Amendment Bill, 2016, despite opposition by several MPs.
The Bill, passed by the Rajya Sabha on July 19, was put to a clause-by-clause vote following a five-hour-long discussion in which 37 MPs spoke with several, includ...
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Category :
General |
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0 | Hits : 1015
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CA Inter (IPC) May 2016 Exam result will be on 2nd August 2016
Posted Date : 26-Jul-2016 , 10:55:51 pm | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May, 2016 is likely to be declared on Tuesday, the 2nd August 2016 around 4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the ...
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Category :
CA Results |
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0 | Hits : 865
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RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India
Posted Date : 26-Jul-2016 , 10:48:55 pm | Posted By CASANSAAR
RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO Bank, and Rs 1 crore on Bank of India for violation of anti-money laundering norms.
UCO Bank in a BSE filing said that the Reserve Bank has "imposed a penalty" of Rs 2 crore on it on account of "few lapses in adhe...
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Category :
Banking |
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0 | Hits : 1214
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Centre, states make headway on key GST issues
Posted Date : 26-Jul-2016 , 10:41:56 pm | Posted By CASANSAAR
Making headway on the long- pending GST Bill, the Centre and States today agreed on the principle that the tax rate will be lower than the current levels even as the broad consensus emerged that the rate should not be part of the statute.
A meeting of the Empowered Committee of State Finance Mini...
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Category :
GST |
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0 | Hits : 712
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CBDT issues draft rules for taxing buy back of unlisted shares
Posted Date : 26-Jul-2016 , 08:25:19 am | Posted By CASANSAAR
Central Board of Direct Taxes (CBDT) on Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax.
The distributed income was defined as the consideration paid by the company on buy back o...
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CBDT |
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0 | Hits : 1189
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RBI slaps penalty on BoB, HDFC Bank & PNB
Posted Date : 26-Jul-2016 , 08:20:42 am | Posted By CASANSAAR
The Reserve Bank of India on Monday slapped penalties ranging from ₹2 crore to ₹5 crore on Bank of Baroda, HDFC Bank, and Punjab National Bank over the issue of advance import remittances.
Bank of Baroda said the RBI has imposed a penalty of ₹5 crore on it. This follows the banking regulato...
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Category :
Banking |
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0 | Hits : 1434
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Cyber attack on Union Bank’s offshore accounts
Posted Date : 23-Jul-2016 , 08:39:18 am | Posted By CASANSAAR
Public sector Union Bank of India on Friday said one of the bank’s offshore accounts was breached in a cyber attack but the money trail was traced and movement of funds was blocked.
“There was an attempted cyber incidence in USD Nostro Account of the bank. The money trail was prompt...
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Category :
Banking |
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0 | Hits : 1205
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HSBC may come under RBI lens for forex scam
Posted Date : 23-Jul-2016 , 08:37:14 am | Posted By CASANSAAR
The Reserve Bank of India may look into the latest disclosure of an alleged foreign exchange fraud committed by two British executives working for HSBC while servicing Cairn Energy. The alleged scam took place in 2010 when Cairn Energy sold its Indian subsidiary to Vedanta for $3.5 billion...
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Category :
Banking |
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0 | Hits : 907
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