Place of Supply of Goods and Service FAQs on GST released by CBC BUY Read Place of Supply in GST – India / Place of Supply Rules GST : -Detailed Analysis with Examples Q 1. What is the need for the Place of Supply of Goods and Services under GST? Ans. The basic principle of GST… Read More »
Overview of the IGST Act FAQs on GST released by CBC BUY Q 1. What is IGST? Ans. “Integrated Goods and Services Tax” (IGST) means tax levied under the IGST Act on the supply of any goods and/ or services in the course of inter-State trade or commerce. Q 2. What are inter-state supplies? Ans.… Read More »
The structure of the board of the Goods and Services Tax Network (GSTN) has enough safeguards to ensure the government has strategic control of the entity, its chairman has said, while asserting that security of sensitive data will have the highest level of protection. “Therefore, by the structure of the board itself the government has… Read More »
To make tax payments less cumbersome for taxpayers, the government has proposed that over-the-counter cash payments of 10,000 and above as tax by private companies and traders will not be allowed under the goods and services tax (GST) regime. The draft payment rules, released by the Central Board of Excise and Customs (CBEC), have instead… Read More »
Tripura assembly on Monday unanimously ratified the Constitutional Amendment Bill on Goods and Services Tax (GST). State finance minister Bhanulal Saha moved a resolution to ratify the Constitution (122 Amendment) Bill, 2014, which was passed without any opposition. No legislators from Left Front, Trinamool Congress(TMC) or Indian National Congress raised any question on the GST… Read More »
Offences and Penalties, Prosecution and Compounding FAQs on GST released by CBC BUY Q 1. What are the prescribed offences under MGL? Ans. The Model GST Law codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 66, apart from the penalty prescribed under section 8 for availing compounding by… Read More »
The Institute of Chartered Accountants of India Indian Accounting Standards (Ind AS): An Overview (Revised 2016) – (26-09-2016) This publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards (Ind AS) such as Roadmap for the applicability of Ind AS, carve-outs from IFRS/IAS, Changes in financial reporting under Ind AS compared to… Read More »
Employees’ Provident Fund Organisation Ministry of Labour & Employment, Govt. Of India Head Office Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-110066 No. Manual/Amendment/2011/16854 Dated: 23.09.2016 To, All Regional P.F. Commissioners In-charge of Regional / Sub-Regional Offices 1. In exercise of power conferred on the Central Provident Fund Commissioner under para 36(7) read along with the provisions of para… Read More »
Web Circulation only Telephone: 011-26172680 FAX: 011- 26175913 Employees’ Provident Fund Organisation Ministry of Labour & Employment, Govt. Of India Head Office Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-110066 Website : epfindia.gov.in No. R-I/P-20/MIS/2014/517 Dated: 26.09.2016 To All Regional PF Commissioner, In-charge of Regions, All Officer in Charge, Sub-Regional Offices. Sub: Details of claim… Read More »
CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/93 September 26, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Commodity derivatives – miscellaneous norms Re-issuance of norms specified by erstwhile FMC 1. As per Section 131 [B] of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward… Read More »