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Ordinance passed by govt empowering RBI to tackle NPA


The promulgation of Banking Regulation Amendment Ordinance 2017 will lead to effective resolution of stressed assets particularly in consortium or multiple banking arrangements The Ordinance enables the Union Government to authorize the Reserve Bank of India RBI to direct banking companies to resolv

Eight States Assemblies pass the State GST Act within one month


Eight States have passed the State Goods and Services Tax SGST Act in their respective State Assembly in less than a months time The Legislative Assembly of Telangana State passed the State GST Act on 9th April 2017 that of Bihar State passed it on 24th April 2017 Rajasthan Assembly on 26th April 20

Requirements for passing ISA reduced to 60% marks


Requirements for passing Information Systems Audit Assessment Test It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations 1988 the Council of the Institute of Chartered Accountants of India has decided to revise the requir

Lok Sabha Passes all four GST bills


The Prime Minister Shri Narendra Modi has congratulated the countrymen on the passage of GST Bill GST the Prime Minister said 1 GST Bills 2017 i CGST Bill 2017 ii UTGST Bill 2017 iii IGST Bill 2017 iv The Goods Services Tax Compensation To States Bill 2017 2 Clause by Clause Analysis for i CGST Bill

GST is expected to have positive effect on trade and consumers


Goods and Service Tax GST Bill The 122nd Constitution Amendment Bill 2014 has been passed by the Parliament and after ratification by fifty percent of the States the same has been enacted as 101st Constitution Amendment Act 2016 No Goods and Service Tax GST Bill has so far been passed The Central Go

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Query on gst implications & its' percentages for g & s


Hi All Greetings for the day How are you Can anyone please send me the GST Overall Impacts in India its different Percentages What the Govt has fixed If you can send in Pdf or Word Attachment i will be thankful to you all Kindly treat it as Urgent Thanks Regards S Sugadeesh Kumar

Sales/purchase returns after 1/2 years entries to be passed


Dear Sir What entries adjustments are required to be made for Sales Purchase returns after 1 2 years If these are adjusted current year figures will be effected Please advise correct entries Thanks in advance

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Pass on of ec, shec

Hi I had a question regarding the pass on of EC SHEC in case on import of material We import chemicals that are used as raw materials in the maufacture of rubber products When material is imported we pay basic customs duty BCD Counterviling duty CVD EC and SHEC computed on BCD CVD and finally Additi

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if any body is having notes of grp1 inter law and any other subjects also please upload For old 2012 syllabus

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Protective Rights - If to consider for controlling percentage?


While analyzing the control aspect on any investments made by an entity we usually go by the definition which suggests that while evaluating such rights which provides right to variable returns from the entity in which such investment has been made In other words the control is usually defined to ha


Rajya Sabha passes all four GST Bills without amendments


On Thursdayi e April 6 2017 the Rajya Sabha has passed four supplementary GST legislations without amendments by a voice vote as all parties were on board The four Bills are as under The Central Goods and Services Tax Bill 2017 The Integrated Goods and Services Tax Bill 2017 The Goods and Services T


Key proposals of the GST bill passed in Lok Sabha


Key GST Bills were passed in Lok Sabha It is expected that GST regime shall be implemented with effect from 1st of July 2017 Key proposals in the bill passed in Lok Sabha is as follows 1 Non Applicability of GST Law in the State of Jammu and Kashmir The GST law is not applicable to the State of Jamm


Time of Supply of Goods as per CGST Act, 2017 passed in Parliament


Concept of Time of Supply Tax is leviable under GST upon occurrence of the Taxable event Supply But the tax so levied shall be liable to pay at the time as determined by the Time of Supply provisions The Tax rates Exchange rates exemptions and abatements keep changing from time to time So it is nece


GST Bills passed in Lok Sabha - Significant step towards July 1 rollout


My congratulations to all countrymen on the passage of the GST Bill New year new law new Bharat PM Narendra Modi tweeted after the Bills were cleared Clearing the decks for theJuly 1rollout of the ambitious Goods and Services Tax GST that will subsume 17 major Central and State taxes for a unified t


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Updated on : 5/22/2017 11:03:14 PM


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