With the approval from the GST council in the meeting held on January 10 2019, the changes made by the CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 along with the corresponding changes in SGST Acts will be applicable from 1sr February 2019. …
THE CENTRAL GOODS AND SERVICE TAX (AMENDMENT) ACT, 2018 Read More »
I stay in Noida and my property is in Delhi. I have rented out my Delhi property to a Delhi based company. Do I need to pay GST? Monthly rent is Rs.1,25,000 [Simar from Noida] Answer: As per schedule 2 of the CGST ACT, renting out of immovable property shall be treated as a supply …
NEW DELHI: Infosys NSE -0.95 %’ up to Rs 9,200 crore buyback plan is scheduled to commence from June 25, wherein the IT major has proposed to buy back shares at a maximum price of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders’ nod was received on …
Infosys’ Rs 9,200 cr share buyback to open on June 25 Read More »
The Supreme Court has stayed an order of the Securities Appellate Tribunal (SAT), which had replaced market regulator Sebi’s directive of monetary penalty with a warning, in a fraudulent trading case.The order comes following an appeal filed by the Securities and Exchange Board of India (Sebi) against the SAT order. It has also been submitted …
Supreme Court stays SAT order substituting fine imposed by Sebi with warning Read More »
This easy-to-use reference guide will help companies formulate a holistic and comprehensive roadmap for their IPO readiness. HOW EY CAN HELP IPO readiness assessment A successful initial public offering (IPO) involves intensive planning and effort, both before and after the IPO date. With our decades of experience helping companies go public, we can help you …
IS YOUR FINANCIAL INFORMATION READY FOR AN IPO JOURNEY IN INDIA? Read More »
The primary focus of the fiscal stimulus should be on the health sector. Lockdown impact on Indian economy Successive lockdowns due to COVID-19 in major cities in India have led to depressed supply and demand conditions. These lockdowns affected the supply due to the disruption of economic activities, rendering many contact-intensive sectors operate at subdued …
PANDEMIC’S ECONOMIC IMPACT: STRATEGIZING FISCAL STIMULUS Read More »
The District Taxation Bar Association (Direct Taxes), Ludhiana has written a Memorandum to Finance Minister Nirmala Sitharaman wherein, they have highlighted 22 problems that are being faced by them and the taxpayers at large, on the New Income Tax Portal. Due to these issues and problems, not only are taxpayers and professionals unable to reply …
Memorandum on the problems being faced in relation to New Income Tax Portal Read More »
There are certain tax exemptions and benefits available to Charitable Institutions in India. These exemptions and benefits are dealt in sections 12A/12AA and 80G of the Income Tax Act,1961. The Charitable institutions, in order to continue availing benefits under the above mentioned sections, had to revalidate their registrations under sections 12A/12AA and 80G i.e. the …
Circular no. 156/12/2021-GST CBEC-20/16/38/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated the 21st June, 2021 To The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Director Generals / Director Generals (All) …
