The document provides news updates on taxation and corporate law changes in India. It summarizes 7 notifications related to taxation, including withdrawing the Delhi Sugam-1 form, setting the last date for a direct tax dispute resolution scheme, notifying rules for an equalization levy, and clarifying the admissibility of bad debt claims. It also summarizes a notification on indirect tax dispute resolution scheme rules and a circular extending deadlines for company form filings and waiving additional fees.
CORPORATE
MCA
Revision of E-Form
Updation of Forms
TAXATION
Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Procedure for registration and submission of statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
Cabinet approves Listing of Government owned General Insurance Companies at the stock exchanges
Company Website-
www.acquisory.com
CORPORATE
MCA
Revision of E-Form
Updation of Forms
TAXATION
Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Procedure for registration and submission of statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
Cabinet approves Listing of Government owned General Insurance Companies at the stock exchanges
Company Website-
www.acquisory.com
Corporate compliance calendar _ January 2020Lalit Rajput
Corporate compliance calendar for the month of January 2020
ABOUT ARTICLE :
This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.”
Compliance Requirement Under
1. Income Tax Act, 1961
2. Goods & Services Tax Act, 2017 (GST)
3. Other Statutory Laws
4 Foreign Exchange Management Act, 1999 (FEMA)
5. SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015
6. SEBI Takeover Regulations 2011
7. SEBI (Prohibition of Insider Trading) Regulations, 2015
8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
9. SEBI (Buyback of Securities) Regulations, 2018
10. Companies Act, 2013 (MCA/ROC and LLP Compliance)
11. Investor Education and Protection Fund
12. ICSI Updates on e-CSIN
Taxmann Review Bulletin: A quick review of important Taxes & Laws updates reported on Taxmann.com
1. Ordinance 2020: New due dates for compliances under the income-tax Act
2. Ordinance 2020: New interest rates on delayed payment of taxes:
3. Ordinance 2020: Deduction under Section 80G in respect of
contribution to ‘PM CARES Fund
4. Ordinance 2020:New due dates for compliances in
Indirect Tax Laws
Updates on Circulars and Notifications - V. K. SubramaniD Murali ☆
Updates on Circulars and Notifications - V. K. Subramani - Article published in Business Advisor, dated June 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM
Summary of Recent Notifications & Circulars in GSTPriyank Shah
In wake of COVID-19 crisis, the Govt. has issued various notifications for the benefit of tax payers and also circulars for clarifications related to those notifications and issues in implementation of GST Law. We have provided a gist of those notifications and circulars.
Taxguru.in gst compliance calendar oct 21 important legal developmentstaxguru4
The refund under section 77 of CGST Act! Section 19 of IGST Act, 2017 can be claimed
before the expiry of two years from the date of payment of tax under the correct head, i.e. integrated tax paid in respect of subsequently held inter-State supply, or central and state tax in respect of subsequently held intra-State supply, as the case may be..
Read more athttps://taxguru.in/goods-and-service-tax/gst-compliance-calendar-oct-21-important-legal-developments.html
Taxguru.in gst compliance calendar oct 21 important legal developmentstaxguru4
The refund under section 77 of CGST Act! Section 19 of IGST Act, 2017 can be claimed
before the expiry of two years from the date of payment of tax under the correct head, i.e. integrated tax paid in respect of subsequently held inter-State supply, or central and state tax in respect of subsequently held intra-State supply, as the case may be..
Read more athttps://taxguru.in/goods-and-service-tax/gst-compliance-calendar-oct-21-important-legal-developments.html
Government restores exemptions to boost infrastructural projectsTaxmann
With affirmation on the economic development of the country as against the global slowdown, the Hon'ble Finance Minister Mr. Arun Jaitley presented its third Union Budget for 2016-17.
CORPORATE
RBI
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification - Reserve Bank of India (RBI) vide Notification dated 21st December, 2016 has notified to withdraw the provisions of the earlier circular issued on 19-12-2016 relating to deposit of more than Rs. 5,000/- only once in remaining days till 30-12-2016. The Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) at sub para (i) and (ii) will not apply to fully KYC compliant accounts.
MCA
National Company Law Tribunal (Amendment) Rules, 2016
Delegations of Powers to Regional Directors under section 458 of Companies Act, 2013
MCA revises E-Forms
SEBI
System-driven Disclosures in Securities Market
TAXATION
Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency allowed till 30th December, 2016.
Clarifications on Indirect Transfer provisions under the lncome Tax Act. 1961
Company website-
www.acquisory.com
ALBANIA Chinese citizens excluded from Type C Visa regime
Fiscal package 2020 in Albania
Tax Procedures in Albania 2020
Value Added Tax 2020
Albania Personal And Profit Tax 2020
Albania National Taxes 2020
ALBANIA TAX FREE Real Estate Donation to Family Members 2020
India's regulatory environment is fluid. There are over 3,000 regulatory changes in a year. Staying on top of these updates is a huge challenge for Compliance officers in India.
December 2020 was no different. There were 375 regulatory updates during the month: 233 central updates and 142 from States. (23 EHS, 23 Secretarial, 81 Commercial, 68 Labour, 72 Finance and Taxation and 108 Industry-specific).
Compliance Watch is our Monthly Compliance Updates Newsletter which presents comprehensive and consolidated regulatory updates from centre, states, union territories, regulators, ministries, categories, and compliance types.
Subscribe for legal updates in India! Call us at +91 8893594595 for details or write to us at https://www.avantis.co.in/legalupdates/ to know latest legal updates in India.
Compilation of CBDT Notifications & Circulars issued in July 2020ManishBhatnagar21
Below is the list of Notifications & Circulars issued by CBDT in the month of July 2020 and the same has been compiled so that you won't miss any Notifications & Circulars updates from Income Tax Department:
TDS rate in Bangladesh for the FY 20-21 in comparison with FY 19-20 and regul...Masum Gazi
Tax Deducted at Source (TDS)/Collected at Source (TCS) in Bangladesh for the FY 2020-21 in comparison with the FY 2019-20 and regular requirements/compliance under Income Tax Ordinance and Rules 1984 in Bangladesh.
Acquisory News Bytes 30 June 2016
RBI -
1. External Commercial Borrowings (ECB) – Approval Route cases
2. Discontinuation of Quarterly reporting system- Foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks
SEBI -
1. Press Release on Electronic book mechanism for issuance of debt securities on private placement basis
2. Frequently Asked Questions (FAQs) on SEBI (Foreign Portfolio Investors) Regulations, 2014
MCA-
Amendment in rules for acceptance of Deposit by Companies
TAXATION -
1. CBDT issues new set of FAQs to clarify queries regarding Income Declaration Scheme, 2016.
2. Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern - Indirect transfer provisions - section 9(1) of the Income-tax Act, 1961
3. CBDT notifies rules for Foreign Tax Credit
RBI
1. Master Direction – Operational Guidelines for Primary Dealers
2. Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs
3. Master Directions on Relief/Savings Bonds
MCA
1. Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016
2. Relaxation in Rules for Appointment of Statutory auditor - Companies (Removal of Difficulties) Third Order, 2016.
TAXATION
1. Extension of time limit for taking central excise registration of an establishment by a jeweler
Corporate compliance calendar _ January 2020Lalit Rajput
Corporate compliance calendar for the month of January 2020
ABOUT ARTICLE :
This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.”
Compliance Requirement Under
1. Income Tax Act, 1961
2. Goods & Services Tax Act, 2017 (GST)
3. Other Statutory Laws
4 Foreign Exchange Management Act, 1999 (FEMA)
5. SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015
6. SEBI Takeover Regulations 2011
7. SEBI (Prohibition of Insider Trading) Regulations, 2015
8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
9. SEBI (Buyback of Securities) Regulations, 2018
10. Companies Act, 2013 (MCA/ROC and LLP Compliance)
11. Investor Education and Protection Fund
12. ICSI Updates on e-CSIN
Taxmann Review Bulletin: A quick review of important Taxes & Laws updates reported on Taxmann.com
1. Ordinance 2020: New due dates for compliances under the income-tax Act
2. Ordinance 2020: New interest rates on delayed payment of taxes:
3. Ordinance 2020: Deduction under Section 80G in respect of
contribution to ‘PM CARES Fund
4. Ordinance 2020:New due dates for compliances in
Indirect Tax Laws
Updates on Circulars and Notifications - V. K. SubramaniD Murali ☆
Updates on Circulars and Notifications - V. K. Subramani - Article published in Business Advisor, dated June 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM
Summary of Recent Notifications & Circulars in GSTPriyank Shah
In wake of COVID-19 crisis, the Govt. has issued various notifications for the benefit of tax payers and also circulars for clarifications related to those notifications and issues in implementation of GST Law. We have provided a gist of those notifications and circulars.
Taxguru.in gst compliance calendar oct 21 important legal developmentstaxguru4
The refund under section 77 of CGST Act! Section 19 of IGST Act, 2017 can be claimed
before the expiry of two years from the date of payment of tax under the correct head, i.e. integrated tax paid in respect of subsequently held inter-State supply, or central and state tax in respect of subsequently held intra-State supply, as the case may be..
Read more athttps://taxguru.in/goods-and-service-tax/gst-compliance-calendar-oct-21-important-legal-developments.html
Taxguru.in gst compliance calendar oct 21 important legal developmentstaxguru4
The refund under section 77 of CGST Act! Section 19 of IGST Act, 2017 can be claimed
before the expiry of two years from the date of payment of tax under the correct head, i.e. integrated tax paid in respect of subsequently held inter-State supply, or central and state tax in respect of subsequently held intra-State supply, as the case may be..
Read more athttps://taxguru.in/goods-and-service-tax/gst-compliance-calendar-oct-21-important-legal-developments.html
Government restores exemptions to boost infrastructural projectsTaxmann
With affirmation on the economic development of the country as against the global slowdown, the Hon'ble Finance Minister Mr. Arun Jaitley presented its third Union Budget for 2016-17.
CORPORATE
RBI
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification - Reserve Bank of India (RBI) vide Notification dated 21st December, 2016 has notified to withdraw the provisions of the earlier circular issued on 19-12-2016 relating to deposit of more than Rs. 5,000/- only once in remaining days till 30-12-2016. The Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) at sub para (i) and (ii) will not apply to fully KYC compliant accounts.
MCA
National Company Law Tribunal (Amendment) Rules, 2016
Delegations of Powers to Regional Directors under section 458 of Companies Act, 2013
MCA revises E-Forms
SEBI
System-driven Disclosures in Securities Market
TAXATION
Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency allowed till 30th December, 2016.
Clarifications on Indirect Transfer provisions under the lncome Tax Act. 1961
Company website-
www.acquisory.com
ALBANIA Chinese citizens excluded from Type C Visa regime
Fiscal package 2020 in Albania
Tax Procedures in Albania 2020
Value Added Tax 2020
Albania Personal And Profit Tax 2020
Albania National Taxes 2020
ALBANIA TAX FREE Real Estate Donation to Family Members 2020
India's regulatory environment is fluid. There are over 3,000 regulatory changes in a year. Staying on top of these updates is a huge challenge for Compliance officers in India.
December 2020 was no different. There were 375 regulatory updates during the month: 233 central updates and 142 from States. (23 EHS, 23 Secretarial, 81 Commercial, 68 Labour, 72 Finance and Taxation and 108 Industry-specific).
Compliance Watch is our Monthly Compliance Updates Newsletter which presents comprehensive and consolidated regulatory updates from centre, states, union territories, regulators, ministries, categories, and compliance types.
Subscribe for legal updates in India! Call us at +91 8893594595 for details or write to us at https://www.avantis.co.in/legalupdates/ to know latest legal updates in India.
Compilation of CBDT Notifications & Circulars issued in July 2020ManishBhatnagar21
Below is the list of Notifications & Circulars issued by CBDT in the month of July 2020 and the same has been compiled so that you won't miss any Notifications & Circulars updates from Income Tax Department:
TDS rate in Bangladesh for the FY 20-21 in comparison with FY 19-20 and regul...Masum Gazi
Tax Deducted at Source (TDS)/Collected at Source (TCS) in Bangladesh for the FY 2020-21 in comparison with the FY 2019-20 and regular requirements/compliance under Income Tax Ordinance and Rules 1984 in Bangladesh.
Acquisory News Bytes 30 June 2016
RBI -
1. External Commercial Borrowings (ECB) – Approval Route cases
2. Discontinuation of Quarterly reporting system- Foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks
SEBI -
1. Press Release on Electronic book mechanism for issuance of debt securities on private placement basis
2. Frequently Asked Questions (FAQs) on SEBI (Foreign Portfolio Investors) Regulations, 2014
MCA-
Amendment in rules for acceptance of Deposit by Companies
TAXATION -
1. CBDT issues new set of FAQs to clarify queries regarding Income Declaration Scheme, 2016.
2. Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern - Indirect transfer provisions - section 9(1) of the Income-tax Act, 1961
3. CBDT notifies rules for Foreign Tax Credit
RBI
1. Master Direction – Operational Guidelines for Primary Dealers
2. Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs
3. Master Directions on Relief/Savings Bonds
MCA
1. Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016
2. Relaxation in Rules for Appointment of Statutory auditor - Companies (Removal of Difficulties) Third Order, 2016.
TAXATION
1. Extension of time limit for taking central excise registration of an establishment by a jeweler
RBI Corporate Updates:
1. Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revision in limits
2. Usage of ATMs – Waiver of customer charges
3. DCCB Banks can pay existing customers in cash upto ₹ 24,000 a week
4. Cash withdrawal limit for Current Accounts Rs. 50000- Separate Slips- More ATMs
MCA
Revision of E-Form
Company website- www.acquisory.com
Acquisory on deepening war for dominance by ecommerce companies in indiaAcquisory Consulting LLP
While it is very clear that Flipkart, Snapdeal and Amazon are the market leaders, the
jury is still out on who will turn out to be the winner- said Sumchit Anand, founder
and managing director of Acquisory Consulting India Pvt. Ltd.
RBI
1. Investments in Non-SLR instruments by State / Central Co-operative Banks
2. Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes
3. Sovereign Gold Bonds 2016-17 – Series I
4. Sovereign Gold Bonds, 2016-17 - Operational Guidelines
5. Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks
6. Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India
MCA
1. Companies (cost records and audit) Amendment Rules, 2016
SEBI
1. Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporation
TAXATION
1. Income Declaration Scheme 2016 – Government Revises Time Schedule for Making Payments under the Scheme
2. Clarification on the Income Declaration Scheme, 2016
Corporate News
RBI
1. Master Direction - on Risk Management and Inter-Bank Dealings
SEBI
1. Revised Formats for Financial Results & Ind-AS Implementation by Listed Entities
TAXATION
1. Income Computation and Disclosure Standards (ICDS) notified under Section 145 (2) of the Income -tax Act, 1961 to be applicable from 1stApril, 2016
OTHERS
1. Cabinet approves the National Apprenticeship Promotion Scheme
Latest Corporate Updates:
TAXATION
1. CBDT Notifies Tax Exemption to Startups from 'Rigour' of Section 56(2)(viib) of Income Tax Act
2. No TDS on Section 10(23DA) payment received by securitisation trust
3. No TDS on payment to payment systems company authorised by RBI
4. Furnishing Annual Information Return- Rules for registration, due diligence & information maintenance
5. CBDT Clarification on Threshold Limit of tax audit U/s. 44AB & 44AD
6. Amendment in Rule 114H of Income-tax Rules, 1962
7. Establishment of Fund of Funds for funding support to Start-ups
8. Cabinet approves Protocol amending the Agreement for avoidance of double taxation and prevention of fiscal evasion with Belgium
OTHERS
1. Premature Closure of PPF Account
SEBI
1. Consultation Paper on Amendments to SEBI (Portfolio Managers) Regulations, 1993 Pursuant to Introduction of Section 9A in The Income Tax Act, 1961
Section 206AA – Rule 37BC
Central Board of Direct Taxes vide Notification No. 53/2016 dated 24.06.2016 has amended the Income Tax Rules, 1962 by inserting a new Rule 37BC through the IT (17th Amendment) Rules, 2016.
Amendment and Notification Relating to Form 26 ASAmitJain910
Form 26AS - Annual Tax Statement has been revamped to New Form 26AS - Annual Information Statement vide amendment through Finance Act, 2020 and amendment and related notification.
RBI
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances (Corrected)
MCA
Companies (removal of names of companies from the Register of Companies) Rules 2016 dt 26.12.2016
Removal of names of companies from the Register of Companies
Notification- Commencement of sections 248 to 252 of Companies Act, 2013
TAXATION
Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency
OTHERS
ESIC – Salary limit for ESI Applicability increased to Rs. 21,000/-
Fresh guidelines on Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 issued by DoPT
Company website-
www.acquisory.com
SEBI
Exclusively listed companies of De-recognized/Non-operational/Exited Stock Exchanges placed on the Dissemination Board
MCA
MCA Revises E-Forms
MCA Notifies Companies (Indian Accounting Standards) (Amendment) Rules, 2017
TAXATION
Clarifications on Income Computation and Disclosure Standards (ICDS) notified under Section 145 (2) of the Income Tax Act, 1961
Guidelines for waiver of interest charged under section 201(1A) (i) of the Income Tax Act, 1961
CBDT notifies the Income Tax (3rd Amendment) Rules, 2017
Company website- www.acquisory.com
Income Disclosure Scheme, 2016 – Clarifications - V. K. SubramaniD Murali ☆
Income Disclosure Scheme, 2016 – Clarifications - V. K. Subramani - Article published in Business Advisor, dated July 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
CORPORATE
RBI
Revision of interest rates for Small Savings Schemes
SEBI
Exclusively listed companies of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB).
MCA
MCA – Release of updated C&I Taxonomy 2016
Withdrawal of e-Form INC-29 (Integrated Incorporation Form)
NCLT
NCLT constitutes Internal Complaints Committee under Sexual Harassment of Women (Prevention, Prohibition and Redressal) Act, 2013
TAXATION
Lump sum lease premium paid for acquisition of long term lease shall not be applicable for TDS under Section 194-I of the Income Tax Act, 1961
OTHERS
Fixed Term Employment introduced for Apparel Manufacturing Sector- win-win situation for both Employer's and Employees
for more detail:
Website- www.acquisory.com
Newsletter on daily professional updates- 01/04/2020CA PRADEEP GOYAL
“True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself."
Presenting Daily dose of professional updates dated 01.04. 2020. This is 200th edition and 1st Newsletter of Financial Year 2020-2021
Corporate compliance calendar april 2020Lalit Rajput
ABOUT ARTICLE :
This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.”
If you think compliance is expensive, try non‐ compliance”
Compliance Requirement Under
1. Income Tax Act, 1961
2. Goods & Services Tax Act, 2017 (GST) & 39th GST Council Meeting Updates
3. Other Statutory Laws
4 Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
5. SEBI (Listing Obligations & Disclosure Requirements) (LODR) Regulations, 2015
6. SEBI Takeover Regulations 2011
7. SEBI (Prohibition of Insider Trading) Regulations, 2015
8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
9. SEBI (Buyback of Securities) Regulations, 2018 and Circulars / Notifications
10. Companies Act, 2013 (MCA/ROC and LLP Compliance) and Notifications
11. ICSI Updates on e-CSIN
12. . MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSME)
13. Insolvency and Bankruptcy Board of India (IBBI) Updates
Corporate Udates
#SEBI
Charging of additional expenses of upto 0.20% in terms of Regulation 52 (6A) (c) of SEBI (Mutual Funds) Regulations, 1996 -
SEBI issues Circular w.r.t. Total Expense Ratio (TER)– change and disclosure which shall be applicable on All Mutual Funds/AMCs/Trustee Companies
MCA
MCA exempts Government Company from complying with Ind AS 12 for 7 years w.e.f April 2017
MCA designates Special Courts in Kerala, Odisha and Guwahati for speedy Trial of offences
TAXATION
GST: Government Notifies Postponement of E-Way Bill
CBDT has issued Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains proposed in Finance Bill, 2018.
OTHERS
DGFT – Issues a public notice to notify the amendment in the procedure of seeking modification in IEC
Company Website-
www.acquisory.com
Taxmann's GST Tariff with GST Rate Reckoner (Set of 2 Volumes)Taxmann
Taxmann’s GST Tariff contains GST Tariff for Goods and Services. It provides HSN-wise and SAC-wise Tariff of all the Goods and Services.
The Present Publication is the 14th Edition, authored by Taxmann’s Editorial Board, is amended up to 1st February 2021, with the following noteworthy features:
Taxmann's series of Bestseller Books on GST Tariff
Follows the six-sigma approach, to achieve the benchmark of 'zero error'
The Present Publication is published in two volumes & divided into 6 divisions, which are listed as follows:
•GST Tariff for Goods with HSN Code
Rates Specified in other Acts
•GST Rate Reckoner for Goods/Commodity Index
•GST Tariff for Services
Services Index
•GST Tariff Notifications (Rate of Tax and Exemptions)
The details coverage of the book is as follows:
•GST Tariff for Goods with HSN Code
•Arrangement of Chapters
•GST Tariff for Goods with HSN Code
•General Rules for the Interpretation of this schedule
•Rates Specified in other Acts
•Rates specified in Central Excise Act
•National Calamity Contingent Duty
•Additional Duty on Tobacco
•Additional Duty on Motor Spirit (Petrol)
•Additional Duty on High Speed Diesel Oil
•Special Additional Excise Duty on Motor Spirit and High Speed Diesel Oil
•Road & Infrastructure Cess
•Agriculture Infrastructure and Development Cess
•GST Rate Reckoner for Goods/Commodity Index
•GST Tariff for Services
•Arrangement of Services
•Central Goods & Services Tax/State Goods & Service Tax Tariff for Services
•Integrated Goods & Services Tax Tariff for Services
•Compensation Cess
•Rate of Tax and Exemption Notifications for Services
•Reverse Charge in case of intra-State supplies of services
•Reverse Charge in case of inter-State supplies of services
•Notified categories of services the tax on intra-State/inter-State supplies of which shall be paid by electronic commerce operator
•No refund of unutilised Input Tax Credit
•Notified registered persons who shall pay tax on reverse charge basis on certain specified supplies of goods or services or both received from an unregistered supplier
•Notified rate of tax to be levied on specified first intra-State supplies of goods or services
•Latest Clarifications
•Latest Case Laws
•Explanatory Notes
•Services Index
•GST Tariff Notifications (Rate of Tax and Exemptions)
Taxmann’s Ultimate Best-Seller for Indirect Taxes – ‘GST Ready Reckoner', is a ready referencer for all provisions of the GST Law. It covers all important topics of GST along with relevant Case Laws, Notifications, Circulars, etc.
The Present Publication is the 15th Edition, authored by Mr. V.S. Datey & Updated till 1st February 2021. This book follows the Six-Sigma approach to achieve the benchmark of ‘zero-error’.
The book has been divided into 55 chapters in respect of all-important-provisions of GST, including the following:
•GST – An Overview
•IGST, CGST, SGST and UTGST
•Taxable Event in GST
•Supply of Goods or Services or both
•Classification of Goods and Services
•Value of Taxable Supply of Goods or Services or both
•Valuation Rules if value for GST not ascertainable
•VAT concept and its application in GST
•Input Tax Credit
•Input Tax Credit – Other Issues
•Input Tax Credit when exempted as well as taxable supplies made
•Input Service Distributor
•Persons liable to tax
•Place of supply of goods or services or both other than exports or impacts
•Place of supply in case of export or import of goods or services or both
•Exports and Imports
•Special Economic Zones and EOU
•Time of Supply of Goods and Services
•Reverse Charge
•Exemption from GST by issue of Notification
•Concession to small enterprises in GST
•Construction and Works Contract Services
•Real Estate Services relating to residential and commercial apartments
•TDR/FSI/Upfront amount in long term lease in real estate transactions
•Distributive Trade Services
•Passenger Transport Services
•Financial and related services
•Leasing or rental services and licensing services
•Software and IPR Services
•Business and production services
•Job Work
•Telecommunication, broadcasting and information supply
Community social, personal and other services
Government related activities
•Basic procedures in GST
•Registration under GST
•Tax Invoice, Credit and Debit Notes
•E-way Bill for transport of goods
•Payment of taxes by cash and through input tax credit
Returns under GST
•Assessment and Audit
•Demands and recovery
•Refund in GST
•Powers of GST Officers
•Offences and penalties
•First Appeal and revision in GST
•Appeal before Appellate Tribunal
•Appeals before High Court and Supreme Court
•Prosecution and compounding
•Provisions relating to evidence
•Electronic Commerce
•Miscellaneous issues in GST
•GST Compensation Cess
•Transitory Provisions
•Constitutional Background of GST
Also Available
[15th Edition] of Taxmann’s GST Manual with GST Law Guide & Digest of Landmark Rulings
[14th Edition] of Taxmann’s GST Tariff with GST Rate Reckoner
[10th Edition] of Taxmann’s GST How to Meet Your Obligations
[2nd Edition] of Taxmann’s GST Case Laws Digest (A Section-wise Case Book of 1,900+ Judgements)
Corporate compliance calendar march 2020Lalit Rajput
Corporate Compliance Calendar for the month of March, 2020.
This article includes various Compliances related to various Laws.
Compliance Requirement Under
1. Income Tax Act, 1961
2. Goods & Services Tax Act, 2017 (GST)
3. Other Statutory Laws
4 Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
5. SEBI (Listing Obligations & Disclosure Requirements) (LODR) Regulations, 2015
6. SEBI Takeover Regulations 2011
7. SEBI (Prohibition of Insider Trading) Regulations, 2015
8. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
9. SEBI (Buyback of Securities) Regulations, 2018 and Circulars / Notifications
10. Companies Act, 2013 (MCA/ROC and LLP Compliance) and Notifications
11. Investor Education and Protection Fund
12. ICSI Updates on e-CSIN
13. Ministry of Labour & Employment Update
14. Insolvency and Bankruptcy Board of India (IBBI) Updates
SEBI
Capacity Planning Framework for the Depositories
TAXATION
Central Board of Direct Taxes requests for stakeholder’s comments on draft of Notification to be issued Under Section 10(38) of the Income-tax Act, 1961
www.incometaxindia.gov.in.
CBDT notifies new Income Tax Return Forms for AY 2017-18
Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
CBDT Notifies Option form for taxation of income from patent
company website- www.acquisory.com
Similar to Acquisory news bytes 30 and 31 May 2016 (20)
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
1. May 30 & 31, 2016
www.acquisory.com 1
News Bytes
TAXATION
1. Delhi VAT: Government withdraws
Delhi Sugam -1 (DS-1)
Department of Trade and Taxes -
Notification No.
F3(671)/Policy/VAT/2016/284-296 -
(27/05/2016) -
Whereas, the Department of Trade and
Taxes, Government of National Capital
territory of Delhi vide notification No.
F.3(671)/Policy/VAT/2016/251-63 dated
19.05.2016, had notified an online Form
Delhi Sugam-1 (DS1), in exercise of the
powers conferred under section 70 of
the Delhi Value Added Tax Act, 2004, for
furnishing the details in respect of any
commodities/goods to be moved from
Delhi to any place outside the territory of
Delhi on account of sale, stock transfer or
due to whatsoever reason, by all the
registered dealers of Delhi before the
actual movement of such goods occurs.
It has now been decided to withdraw the
above mentioned notification.
2. Last date of filing declaration of tax
arrear or specified tax under Direct Tax
Dispute Resolution Scheme, 2016
The Ministry of Finance, Department of
Revenue vide Notification No. 34 dated
26th May, 2016, has notified 31st
December, 2016 as the last date to
make declaration to the designated
authority in respect of tax arrear or
specified tax under the Direct Tax
Dispute Resolution Scheme, 2016.
3. CBDT notifies the Direct Tax Dispute
Resolution Scheme Rules, 2016.
The Ministry of Finance, Central Board
of Direct Taxes (CBDT) vide Notification
No. 35 dated 26th May, 2016 hereby
notifies the Direct Tax Dispute
Resolution Scheme Rules, 2016
(hereinafter referred to as ‘Scheme’).
The rules shall come into force on 1st
June, 2016.
The scheme is specified under Chapter X
of the Finance Act, 2016. These rules
provide for the various forms under the
scheme to be filed.
- Form of declaration and undertaking
under Section 203 of the Finance Act,
2016 – Form 1
- Form of certificate under sub-section (1)
of section 204 – Form 3
- Intimation of payment – Form 4
2. May 30 & 31, 2016
www.acquisory.com 2
- Order under sub-section (2) of section
204 – Form 6
http://www.incometaxindia.gov.in/co
mmunications/notification/notification
35_2016.pdf
4. CBDT notifies date of Applicability of
Equalisation Levy
The Ministry of Finance, Central Board
of Direct Taxes (CBDT) vide Notification
No. 37 dated 27th May, 2016 hereby
appoints 1st June, 2016 as the date on
which Chapter VIII – Equalisation levy of
the Finance Act, 2016 shall come into
force.
http://www.incometaxindia.gov.in/co
mmunications/notification/notification
372016.pdf
5. CBDT Notifies Equalisation levy Rules,
2016
The Ministry of Finance, Central Board
of Direct Taxes (CBDT) vide Notification
No. 38 dated 27th May, 2016, hereby
notifies the Equalisation levy Rules,
2016. The rules shall come in to effect
from 1st June, 2016.
The rules lay down the various
procedure for the purpose of calculation
and payment of Equalisation levy. Every
assessee, who is required to deduct and
pay equalisation levy, shall pay the
amount of such levy to the credit of the
Central Government by remitting it into
the Reserve Bank of India or in any
branch of the State Bank of India or of
any authorised Bank accompanied by an
equalisation levy challan.
http://www.incometaxindia.gov.in/co
mmunications/notification/notification
382016.pdf
6. Admissibility of claim of deduction of
Bad Debt under Section 36(1)(vii) read
with Section 36 (2) of the Income Tax
Act, 1961.
The Ministry of Finance, Central Board
of Direct Taxes (CBDT) vide Circular No.
12 dated 30th May, 2016 has specified
that Claim for any debt or part thereof
in any previous year, shall be admissible
under section 36(1)(vii) of the Act, if it is
written off as irrecoverable in the books
of accounts of the assessee for that
previous year and it fulfills the
conditions stipulated in sub section (2)
of sub-section 36(2) of the Act.
http://www.incometaxindia.gov.in/co
mmunications/circular/circular122016.
pdf
3. May 30 & 31, 2016
www.acquisory.com 3
7. CBEC notifies Indirect Tax Dispute
Resolution Scheme Rules, 2016
The Ministry of Finance, Central Board
of Excise & Customs (CBEC) vide
Notification No. 29 dated 31st May, 2016
hereby notifies the Indirect Tax Dispute
Resolution Scheme Rules, 2016. The
rules shall come into force on 1st June,
2016.
The rules have been framed in
accordance with the Indirect Tax Dispute
Resolution Scheme, 2016 as provided
under Chapter IX of the Finance Act,
2016. These rules provide for the various
forms under the scheme to be filed.
- Form of declaration under sub section (1)
of section 214 and manner of verification
of such declaration in respect the
amount payable – Form 1
- Form of Acknowledgement under Sub
Section (2) Of Section 214 of The Finance
Act, 2016 In Respect of Indirect Tax
Dispute Resolution Scheme, 2016 – Form
2
- Form of reporting deposits made by
declarant under sub-section (3) of
section 214 – Form 3
- Form of Order of Discharge of Dues
Under Subsection (4) Section 214 of The
Finance Act, 2016 (28 Of 2016). – Form 4
http://www.cbec.gov.in/resources//ht
docs-cbec/excise/cx-
act/notifications/notfns-2016/cx-
nt2016/cent29-2016.pdf
CORPORATE
MCA
1. Relaxation of Additional Fees and
extension of time for filing of e-Forms by
the Companies under Companies Act,
2013 and for filing of Annual Return
(Form 11) by the LLPs under the Limited
Liability Partnership Act, 2008
The Ministry of Corporate Affairs (MCA)
vide Circular No. 7 dated 31st May, 2016
has extended the period for which the
one time waiver of additional fees is
applicable to all eforms which are due
for filing by companies between
25.03.2016 to 30.06.2016 as well as
extended the last date for filing such
documents and availing the benefit of
waiver to 10.07.2016.
Further, it is also decided to extend the
time limit prescribed under the
provisions of section 35 of LLP Act, for
filing of Form 11 of LLP in respect of
Financial Year ending on 31st March,
2016 upto 30th June, 2016, without
additional fees.
For any query:
Contact – Sunaina Jhingan
Email – Sunaina.jhingan@acquisory.com