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Changes / Exemptions in GST Rates on Services
Posted Date : 21-Jul-2018 , 04:53:54 pm | Posted By CASANSAAR

The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs  took following decisions relating to exemptions / changes in GST rates / ITC eligibility criteria, rationalization of rate...

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Category : GST | Comments : 0 | Hits : 786

Recommendations made during the 28th GST Council Meeting held on 21st July 2018
Posted Date : 21-Jul-2018 , 04:46:08 pm | Posted By CASANSAAR

The GST Council in its 28thmeeting held here today has recommended certain amendments in the CGST Act, IGST Act, UTGST Act and the GST (Compensation to States) Act. 2.         The major recommendations are as detailed below:   Upper limit of t...

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Category : GST | Comments : 0 | Hits : 456

GST Council recommends GST rates reduction on several goods & for specified handicraft items
Posted Date : 21-Jul-2018 , 10:00:52 pm | Posted By CASANSAAR

  The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs  took following decisions on GST Rate on Goods . GST rates reduction on 28% items: 28% to 18% ...

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Category : GST | Comments : 0 | Hits : 640

GST council approves Simplified GST Return
Posted Date : 21-Jul-2018 , 04:16:15 pm | Posted By CASANSAAR

The GST Council in its 28th meeting held here today under the Chairmanship of Shri PiyushGoyal , Union Minister for Railways , Coal , Finance & Corporate Affairs has approved the new return formats and associated changes in law. It may be recalled that in the 27thmeeting held on 4thof May, ...

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Category : GST | Comments : 0 | Hits : 740

Recommendations on opening of migration window for tax payers till 31st August ,2018
Posted Date : 21-Jul-2018 , 04:14:43 pm | Posted By CASANSAAR

The GST Council in its 28th meeting held here today  has approvedthe proposal to open the migration window for taxpayers, who received provisional IDs but could not complete the migration process. The taxpayers who filedPart A of FORM GST REG-26, but not Part B of ...

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Category : GST | Comments : 0 | Hits : 556

Govt slashes GST rate on several products
Posted Date : 21-Jul-2018 , 09:29:42 pm | Posted By CASANSAAR

Conceding a year long demand, sanitary pads today exempted from GST as the GST Council reduced tax rates on an array of daily use appliances and products. While GST tax on sanitary pads was cut from 12 per cent to zero, rakhis were exempted from the tax, Finance Minister Piyush Goyal told reporte...

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Category : GST | Comments : 0 | Hits : 471

NCLAT allows lenders to meet and finalise Bhushan Power bid
Posted Date : 21-Jul-2018 , 07:38:56 am | Posted By CASANSAAR

The National Company Law Appellate Tribunal (NCLAT) today gave a go-ahead to the lenders' meeting of debt-ridden Bhushan Power & Steel (BPSL), directing it to finalise a bid for the company. Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of...

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Category : Insolvent Professional | Comments : 0 | Hits : 366

Pass Percentage & List of Toppers in CA Final May 2018 Exams
Posted Date : 20-Jul-2018 , 01:34:39 pm | Posted By CASANSAAR

The Result of Chartered Accountants Final Examination has been declared.  www.casansaar.com The Details of Percentage of candidates passed in the above said examinations are given below.     No. of Candidates Passed Candidates  Pass % ...

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Category : CA Results | Comments : 0 | Hits : 1115

National GST appellate tribunal on anvil, Council to decide on July 21
Posted Date : 20-Jul-2018 , 08:48:31 am | Posted By CASANSAAR

The GST Council will consider setting up of a National Appellate Tribunal in Delhi with three regional benches with members from judiciary as well as tax departments to hear appeals against the order of the appellate authority set up by states under the GST regime.  According to the proposal...

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Category : GST | Comments : 0 | Hits : 390

RBI to hold joint Audit of credit rating agencies with SEBI
Posted Date : 20-Jul-2018 , 08:20:07 am | Posted By CASANSAAR

Credit rating agencies will come under closer regulatory watch amid corporates battling bankruptcies, lenders taking hefty haircuts, and banks trying to prune sticky loans. The Reserve Bank of India (RBI) will conduct regular audit and inspection of rating agencies whose actions can significantly in...

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Category : RBI | Comments : 0 | Hits : 358

MCA invites applications from Chartered Accountants having 2 to 5 years of experience
Posted Date : 20-Jul-2018 , 08:17:35 am | Posted By CASANSAAR

Ministry of Corporate Affairs (MCA) invites applications from Chartered Accountants (CAs) having 2 to 5 years of post-qualification experience as Consultant in the MCA Offices located all over India. – (19-07-2018) Announcement Ministry of Corporate Affairs (MCA) invites applications fro...

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Category : MCA | Comments : 0 | Hits : 1726

Cabinet clears bills to amend IBC and withdraw FRDI
Posted Date : 20-Jul-2018 , 08:07:03 am | Posted By CASANSAAR

The government is set to withdraw the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 following persistent opposition and widespread concern over the controversial ‘bail-in’ clause.  The union cabinet gave its nod to the withdrawal of the bill on Wednesday, people aw...

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Category : Insolvent Professional | Comments : 0 | Hits : 526

Good Luck - CA Final, ISA & CPT Exam Results 2018 Likely to be announced today
Posted Date : 20-Jul-2018 , 07:46:15 am | Posted By CASANSAAR

The result of the Chartered Accountants Final Examination held in May 2018 and Common Proficiency Test (CPT) held in June 2018 are likely to be declared on Friday, the 20th July 2018 around 6.00 P.M. and the same will be available on the following websites:   ...

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Category : CA Results | Comments : 0 | Hits : 515

CBDT directs tax sleuths to survey, inspect high value transactions
Posted Date : 19-Jul-2018 , 08:27:34 am | Posted By CASANSAAR

Banking companies, co-operative banks, trustees of mutual funds (MFs), post offices, registrars, and others who are mandated to file the statement of financial transaction (SFT) report on high-value transactions have come under the income-tax department’s (I-T) scanner. The Central Board of Di...

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Category : CBDT | Comments : 0 | Hits : 1042

Govt decides to withdraw contentious FRDI Bill
Posted Date : 19-Jul-2018 , 07:59:25 am | Posted By CASANSAAR

The National Democratic Alliance (NDA) government has decided to withdraw the contentious Financial Resolution and Deposit Insurance Bill 2017, or FRDI Bill, and is awaiting the cabinet’s nod to move Parliament for this as the government looks to avoid controversial legislation ahead of the 20...

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Category : General | Comments : 0 | Hits : 713

NCLT cannot take decision on bids for Bhushan Steel - SC
Posted Date : 18-Jul-2018 , 11:11:14 pm | Posted By CASANSAAR

The Supreme Court on Tuesday passed an order that prevents the National Company Law Tribunal (NCLT) against taking any final decision on bids for the debt-stricken Bhushan Power & Steel (BPSL).  BPSL promoter Sanjay Singal had filed a petition against “a lacuna in valuation of the ...

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Category : Insolvent Professional | Comments : 0 | Hits : 672

Cabinet approves ICAI's pacts with NBAA, BIBF
Posted Date : 18-Jul-2018 , 11:07:41 pm | Posted By CASANSAAR

The government today gave its approval to the Institute of Chartered Accountants of India's pacts with Tanzania's National Board of Accountants and Auditors (NBAA) and Bahrain Institute of Banking and Finance (BIBF), according to separate official statements. The Union Cabinet, chaired by...

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Category : ICAI | Comments : 0 | Hits : 749

Grievance Redressal Officers for processing the complaints/information under e-way Bill System
Posted Date : 18-Jul-2018 , 05:17:57 pm | Posted By CASANSAAR

As per the decision of the GST Council, e-way bill system has been rolled-out in a staggered manner across the country. E-way bills are getting generated successfully and till 17th July, 2018, more than Thirteen Crore and Fifty Lakh e-way bills have been generated which includes Six Crore ...

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Category : GST | Comments : 0 | Hits : 1075

Rajya Sabha passes the State Banks Repeal & Amendment Bill, 2017
Posted Date : 18-Jul-2018 , 10:44:32 pm | Posted By CASANSAAR

The Rajya Sabha has passed  the State Banks (Repeal and Amendment) Bill,2017 . The House adopted the amendment moved by the government regarding the bill. The Bill seeks to repeal the State Bank of India (Subsidiary Banks) Act, 1959, the State Bank of Hyderabad Act, 1956 and further to amend th...

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Category : General | Comments : 0 | Hits : 633

NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids
Posted Date : 18-Jul-2018 , 07:57:37 am | Posted By CASANSAAR

The NCLAT today stayed the meeting of Committee of Creditors (CoC) of Bhushan Power and Steel Ltd to vote on finalisation of bids of the debt-ridden firm. The National Company Law Appellate Tribunal (NCLAT) also pulled up the Resolution Professional (RP) of the company, Mahendra Kumar Khandelwal,...

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Category : Corporate Law | Comments : 0 | Hits : 348

CBDT instructs taxmen to withdraw appeals below threshold
Posted Date : 18-Jul-2018 , 07:49:45 am | Posted By CASANSAAR

Following the government’s move increasing the threshold for appeals filed by the direct taxes department in order to reduce litigation, the Central Board of Direct Taxes (CBDT) on Tuesday directed its field offices to withdraw by August 20 the appeals pending before tribunals and courts that ...

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Category : CBDT | Comments : 0 | Hits : 414

MCA panel may offer penal relief for some offences
Posted Date : 17-Jul-2018 , 09:18:00 am | Posted By CASANSAAR

The government is looking to decriminalise some of the offences in the Companies Act of 2013 so that courts are freed of these cases to focus on more important ones.  The ministry of corporate affairs (MCA) has set up a 10-member committee to review the penal provisions in the Act.  ...

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Category : MCA | Comments : 0 | Hits : 474

SEBI extends time to collect PAN, bank details of securities holders
Posted Date : 17-Jul-2018 , 09:11:19 am | Posted By CASANSAAR

Markets regulator Sebi today extended deadline till September-end for registrar and share transfer agents (RTAs) to seek PAN as well bank details of shareholders holding securities in physical form. The last date has been extended after taking into consideration, representations from various quarter...

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Category : SEBI | Comments : 0 | Hits : 561

PNB, other PSBs may get Rs 8,000 crore lifeline
Posted Date : 17-Jul-2018 , 09:05:19 am | Posted By CASANSAAR

The government may infuse about Rs 8,000 crore in five or six state-run banks that are likely to fall short of regulatory capital requirements, a senior finance ministry official said. These banks may include Nirav Modi scam-hit Punjab National Bank.  “There are some banks that have is...

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Category : Banking | Comments : 0 | Hits : 442

CBIC to observe Third Refund Fortnight to clear pending GST refunds
Posted Date : 17-Jul-2018 , 08:57:28 am | Posted By CASANSAAR

Refunds of GST have been a concern for the Government and Trade for the past several months.  In this regard, the CBIC has observed two special drives cum refund fortnights in the Month of March, 2018 (15th to 31st March, 2018) and June, 2018 (31st May to 16th June, 2018) respectively. These re...

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Category : GST | Comments : 0 | Hits : 469

Unsolicited SMSs, WhatsApp and emails being received by members from prospective candidates
Posted Date : 17-Jul-2018 , 08:50:49 am | Posted By CASANSAAR

The election to the Twenty-Fourth Council and Twenty-Third Regional Councils are scheduled to be held in December, 2018. We have started receiving complaints from members that they are receiving unsolicited SMSs, WhatsApp and emails from prospective candidates/their representatives seeking suppor...

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Category : ICAI Election | Comments : 0 | Hits : 269

Infosys to create new single page GST Return form
Posted Date : 16-Jul-2018 , 08:56:56 am | Posted By CASANSAAR

The GSTN Group of Ministers (GoM) has asked Infosys to create a new tax return filing form in an effort to simplify I-T returns for businesses. Addressing newspersons at the ninth GSTN GoM meeting, Bihar Deputy Chief Minister Sushil Kumar Modi said taxpayers who file 37 returns a year will file j...

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Category : GST | Comments : 0 | Hits : 897

SEBI proposes tighter rules for Auditors, Valuers
Posted Date : 16-Jul-2018 , 08:22:53 am | Posted By CASANSAAR

Securities and Exchange Board of India —capital market regulator — has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things. The Kotak Committee, formed to come up with pro...

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Category : SEBI | Comments : 0 | Hits : 642

MCA has constituted a 10-Member Committee to review the offences under the Companies Act, 2013
Posted Date : 15-Jul-2018 , 06:52:49 pm | Posted By CASANSAAR

The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine ‘de-criminalisation’ of certain offences. The MCA seeks to revie...

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Category : MCA | Comments : 0 | Hits : 358

Bhushan Steel appoints T V Narendran as Chairman
Posted Date : 15-Jul-2018 , 06:51:18 pm | Posted By CASANSAAR

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company. Narendran, CEO and MD of Tata Steel, has more than 30 years of exper...

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Category : General | Comments : 0 | Hits : 316

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