Exposure Draft SECRETARIAL STANDARD ON REPORT OF THE BOARD OF DIRECTORS The following is the text of Secretarial Standard on “Report of the Board of Directors”, issued by the Council of the Institute of Company Secretaries of India. Adherence by a company to this Secretarial Standard is recommendatory. (In this Secretarial Standard, the Standard portions… Read More »
Seeks to exempt Point of Sale (POS) devices and goods required for its manufacature from central excise duty till 31st March, 2017 TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 35/2016 – Central Excise New Delhi, the… Read More »
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 Key Points about Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 Disclosure of black money held in banks or cash Background of Pradhan Mantri Garib Kalyan Yojana 2016 :In the wake of declaring specified bank notes of Rs 500/ Rs 1000 “as… Read More »
Guide to New Model GST Law (November 2016 Edition) Paperback – 2016 The ultimate updated ” Guide to New Model GST Law ” as on 26/11/2016. On basis various suggestions received, fresh model laws have been released by GST Council secretariat on 26-11-2016.Following three drafts have been released-Model GST Law, Model IGST Law, Draft Goods… Read More »
Online and digital transactions, including those such as hailing cabs through an online aggregators are likely to fall under goods and services tax (GST). Though the draft model GST law is silent on aggregators, tax experts say the relief may be short-lived. Aggregators, who are already liable to pay service tax, may subsequently be included… Read More »
FM tables The Taxation Laws (Second Amendment) Bill, 2016 in Lok Sabha on 28.11.2016 introducing stringent penalties and PM Garib Kalyan Deposit Scheme 2016. Important features includes: Any income assessed u/s 68/69/69A/69/69C/69D (including share capital, unsecured loans, etc) to be taxed u/s 115BBE, which is to be increased from 30% to 60% plus 25% surcharge… Read More »
Press Note Moving systematically towards a cashless society as visualized by Prime Minister Shri Narendra Modi, the Minister of Steel Shri Chaudhary Birender Singh had a detailed meeting with the officials of Steel Ministry on 25.11.2016. It has been decided to have time bound approach to ensure a smooth, effective and sustainable shift to a… Read More »
New National Steel Policy The Government proposes to revisit the existing National Steel Policy. It is at conceptual stage. Based on the decision taken in the meeting of High Level Committee on Manufacturing held on 09.07.2013 to achieve the ambitious target of 300 Million Tonne Per Annum (MTPA) steel production capacity by 2025, a concept… Read More »
India’s Share in Global Trade India’s performance in World trade based on the WTO database which provides the data calendar year-wise is given as follows: India’s Trade Performance: Percentage Share in World Trade Years India’s Share in World Merchandise Exports India’s Share in World Commercial Services Exports India’s Share in World Merchandise Plus Services… Read More »
Import Clearance Certificate Import of products like drugs/pharma, food, plant & plant products, livestock & livestock products are governed by their respective legislations and Rules there under. Clearance systems of all these categories of products are in place at ports of entry. The Customs Single Window Interface for Facilitating Trade (SWIFT) enables importers/exporters to… Read More »