CAclubindia News

FM asks MPs and MLAs to equip themselves with finer points in GST

08 June 2017 at 17:29

The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley thanks all the political parties for their cooperation and contribution in making it possible to launch GST with effect from 1st July, 2017; Asks the Members of Parliamen

Posted in GST | 2784 Views

India signs measures to Prevent Base Erosion and Profit Shifting(BEPS) in Paris

08 June 2017 at 17:29

India signs the Multilateral Convention to implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) in Paris today. The Union Minister of Finance, Defence and Corporate Affairs Shri Arun Jaitley signed the Multilateral

Posted in Professional Resource | 2043 Views

Permitting members to act as Insolvency Professional

08 June 2017 at 11:15

AnnouncementPermitting members to act as Insolvency Professional underthe Insolvency and Bankruptcy Code, 2016 and related mattersPursuant to Section 2 (2) (iv) of the Chartered Accountants Act, 1949, the Council of the Institute has decided to incl

Posted in Corporate Law | 3387 Views

Various Cesses abolished in last 3 years for roll out of GST

08 June 2017 at 11:15

The Central Government abolished various Cesses in the last three years for smooth roll-out of GSTThe Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services i

Posted in GST | 2 comments | 5355 Views

Cost Inflation indexes notified with Base Year as 2001-02

07 June 2017 at 13:49

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TEXES)NOTIFICATION NO. 44/2017New Delhi, the 5th June, 2017 INCOME-TAXS.O. 1790(E).�In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Inc

Posted in Service Tax | 3 comments | 19173 Views

Chargeability to STT for claiming exemption

07 June 2017 at 11:02

CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply. Section 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amen

Posted in Income Tax | 2 comments | 3405 Views

Ministries to setup and activate a GST Facilitation Cell

07 June 2017 at 11:02

Cabinet Secretary asks the different Ministries/Departments and Public Sector Undertakings (PSUs) under these Ministries to set-up and activate a GST Facilitation Cell to provide all possible support to the business and industry sector for the smooth

Posted in GST | 5634 Views

Seven States yet to pass the SGST Act

06 June 2017 at 11:16

24 States pass the State GST (SGST) Act While 7 States viz. Meghalaya, Punjab, Tamil Nadu, Kerala, Karnataka, Jammu & Kashmir and West Bengal have yet to pass the SGST Act. Twenty Four (24) States have passed the State GST (SGST) Act till today i

Posted in GST | 10 comments | 30840 Views

PM reviews progress towards beginning of GST on July 1

06 June 2017 at 11:16

The Prime Minister, Shri Narendra Modi, reviewed the status of GST, which is to be implemented from July 1. The meeting, which lasted for over two and a half hours, was attended by Finance Minister Arun Jaitley, and top-most officials from the Minist

Posted in GST | 2 comments | 3567 Views