Most of the States to benefit from GST from day one; Provisions have been Made in the Constitution Amendment Bill on GST to Ensure that none of the States Lose any Revenue after the Implementation of the GST: FM The Union Finance Minister, Shri Arun Jaitley said that Goods and Services Tax (GST) will benefit … Read more
Tuesday 11 Maharashtra Din 01-May-2015 Friday 12 Buddha Pournima 04-May-2015 Monday 13 Ramzan Id (Id-UI-Fitar) (Shawal-1) 18-Jul-2015 Saturday 14 Independence Day 15-Aug-2015 Saturday 15 Parsi New Year (Shahenshahi) 18-Aug-2015 Tuesday 16 Ganesh Chaturthi 17-Sep-2015 Thursday 17 Bakri Id (Id-UI-ua) 25-Sep-2015 Friday 18 Mahatma Gandhi Jayanti 02-Oct-2015 Friday 19 Dasara 22-Oct-2015 Thursday 20 Moharum 24-Oct-2015 Saturday … Read more
Office of the Commissioner of Sales Tax, 8th Floor, Vikrikar Bhavan, Mazgaon, Mumbai – 400 010. TRADE CIRCULAR To —— No. 704 COI /20/4,– 15/ Mumbai, dt. Trade Circular No. 21 T 2014 2 0/ 1 2 / 2014 Subject: Physical Submission of Audit Report in Form 704 for the financial year … Read more
Government has formulated a number of schemes having different features for different segments of the saving population. Each of the available saving option has different features in terms of eligibility to invest, rate of interest, maturity period, lock-in-period, tax treatment, pledging facility, minimum and maximum ceilings etc. Main features of KVP, are: Amount invested in … Read more
New Article 246a Proposed to Confer Simultaneous Power to Union and State Legislatures to Legislate on GST ; Centre To Compensate States for Loss of Revenue Arising on Account of Implementation of the GST for a period up to Five Years The Union Cabinet approved on 17th December,2014 the proposal for introduction of a Bill … Read more
For technology up-gradation to Micro and Small Enterprises in the pharma sector, Ministry of Micro, Small & Medium Enterprises (MSME) is running Credit Linked Capital Subsidy Scheme (CLCSS) under which Micro and Small Enterprises are entitled to take loan upto Rs. 1.00 crore with 15% subsidy. Drugs for sale or for export are manufactured under … Read more
Foreign Trade The foreign trade (export+import) has increased from 42 billion US $, in 1990-91 to 765 billion US$ in the year 2013-14 with an annual average growth rate of 13.42% and has increased 18 folds during the period. The gap, between value of import and export, which is Trade deficit, has also increased during … Read more
Press Information Bureau Government of IndiaMinistry of Corporate Affairs 19-December-2014 18:27 IST Conducting of CA Exams All activities connected with conduct of examinations by the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India including setting of papers, valuation, pass percentage, declaration of results etc. are undertaken by the Institutes themselves. … Read more
The Finance Minister in the Budget speech 2014-15 announced that the Indian Accounting Standards (Ind AS) i.e. accounting standards based largely on with International Financial Reporting Standards (IFRS) shall be applied by Indian Companies from F.Y. 2015-16 voluntarily and from F.Y. 2016-17 on a mandatory basis. Implementation of Ind AS for banks, insurance companies and … Read more
Government of India Department of Revenue PRESS RELEASE On 19.12.2014, Central Board of Direct Taxes has signed a bilateral Advance Pricing Agreement (APA) with a Japanese Company. This is India’s first bilateral APA. The APA is for a period of five years. The APA has been finalized in a period of about one … Read more