CAclubindia News

Decisions taken by the GST Council in the 17th meeting

19 June 2017 at 10:56

Decisions taken by the GST Council in the 17th meeting - 18 June 2017I. Decisions with respect to GST rates for Services1. It has been decided in respect of the service of transport of goods by a vessel that GST rate of 5% will be available with ITC

Posted in GST | 7 comments | 28911 Views

Relaxation in return filing procedure for first two months of GST implementation

18 June 2017 at 19:32

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the

Posted in GST | 7 comments | 10527 Views

Reduced Liability of Tax on complex, building, flat etc under GST

16 June 2017 at 10:58

The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12% in respect of under construction flats, complex etc, the people who have booked flats and made part payment are being asked to m

Posted in GST | 3 comments | 15189 Views

No person to function as an Insolvency Professional without Certificate of Registration

16 June 2017 at 10:58

Section 3 (19) of the Insolvency and Bankruptcy Code, 2016 (Code) defines �insolvency professional� to mean a person enrolled under section 206 with an insolvency professional agency (IPA) as its member and registered with the Insolvency

Posted in Corporate Law | 3543 Views

Reduced tax liabilities under GST regime for 89 items

16 June 2017 at 10:58

The new indirect tax regime in the country is to come into effect from 01.07.2017, wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.In a majority of sup

Posted in GST | 12039 Views

17th GST council meeting scheduled on Sunday, 18th June

15 June 2017 at 16:06

The Union Finance Minister to chair the 17th Meeting of the GST Council on Sunday, 18th June, 2017 The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the 17th Meeting of the GST Council scheduled to be held on

Posted in GST | 8 comments | 11703 Views

Toll free Helpline for CA Students

15 June 2017 at 11:33

The Board of studies is pleased to announce commencement of toll-free help line service to answer queries and grievances of CA students from across the country. Number: 18001211330 Timings: 10 AM to 5:30 PM Monday to FridayThe purpose of this servi

Posted in Students | 1 comments | 5250 Views

Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017

15 June 2017 at 11:33

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial

Posted in Others | 1947 Views

Carry Forward of unavailed Cenvat Credit for natural resources

15 June 2017 at 11:33

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediate

Posted in GST | 3351 Views

Entries invited for 1st National CSR Awards

15 June 2017 at 11:33

Entries Invited for 1st National Corporate Social Responsibility (CSR) Awards in 4 categories; National CSR Awards instituted to recognize the companies that have positively impacted both business and society by taking a strategic approach to CSR thr

Posted in Corporate Law | 2 comments | 4173 Views