Real Estate (Regulation and Development) Removal of Difficulties Order, 2016. [F. No. O-17034/18/2009-H] MINISTRY OF HOUSING AND URBAN POVERTY ALLEVIATION ORDER New Delhi, the 28th October, 2016 S.O. 3347(E).––Whereas, certain sections of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016) (hereinafter referred to as the Act) came into force with effect from… Read More »
The financial services industry must be spared a compliance nightmare when the goods and services tax (GST) is rolled out. The industry is happy to pay whatever tax is due but would like the Centre and the states to sort out how to share the proceeds amongst themselves without making service providers jump through hoops… Read More »
SECTION 135 OF THE COMPANIES ACT, 2013 CORPORATE SOCIAL RESPONSIBILITY CONSTITUTION OF STEERING COMMITTEE FOR CONDUCTING NATIONAL CORPORATE SOCIAL RESPONSIBILITY AWARD OF MINISTRY OF CORPORATE AFFAIRS GENERAL CIRCULAR NO.11/2016 [F.NO.02/04/2016-CSR], DATED 15-9-2016 In pursuance to the approval of Hon’ble Corporate Affairs Minister, National CSR Award is being set-up by the Ministry of Corporate Affairs. A… Read More »
As GST Council begins meeting, Centre affirms rollout of the tax regime by April 2017 The Goods and Services Tax Council will begin a two-day meeting on Thursday to decide on outstanding issues such as a tax rate and the levy of cesses, PTI reported. Union Minister of State for Finance AR Meghwal expressed confidence… Read More »
GST Council meet starts today: Trust deficit between Centre, states widen; is April deadline a tall order With barely a fortnight left for Parliament’s Winter Session, the GST Council will begin its crucial two-day meeting on Thursday to decide on tax rate, including the levy of cess and sort out the vexed issue of jurisdiction… Read More »
Industry bodies call for eventual streamlining of multiple GST rates Industry bodies have raised concerns over the government’s proposed multiple rate structure for the Goods and Services Tax regime, saying that the four proposed rates should eventually be collapsed into fewer rates. They also called for a clear roadmap for the withdrawal of the cesses… Read More »
Held The application can be filed even prior to 1st April of the relevant Assessment Year, from which the exemption is sought. HIGH COURT OF PUNJAB AND HARYANA Shri Guru Ram Dass Ji Educational Trust v. Chief Commissioner of Income-tax, Amritsar S.J. VAZIFDAR, CJ. AND DEEPAK SIBAL, J. C.W.P. NO. 14010 OF 2016 SEPTEMBER 28,… Read More »
Documents required for GST Migration (India) Following information/documents should be readily available with existing taxapayer before begining to enroll with GST Portal I. Provisional ID received from State/Central Authorities; II. Password received from the State/Central Authorities; III. Valid Email Address; IV. Valid Mobile Number; V. Bank Account Number VI. Bank IFSC Documents a. Proof of… Read More »
FREQUENTLY ASKED QUESTION For Enrolment of the Existing Taxpayer on the GST System Portal Part-A: – General Information 1. Who is an existing taxpayer? An existing taxpayer is an entity currently registered under any of the Acts as specified below:- a. Central Excise b. Service Tax c. State Sales Tax / VAT (except exclusive liquor… Read More »
The Commercial Taxes division of the Government on Wednesday asked traders to validate their mobile numbers and e-mail addresses at the department’s website. A press note said that as a precursor to the introduction of Goods and Services Tax, a provisional User ID and password for migration to GST Network (GSTN) portal has to be… Read More »