The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares of insolvent company at a discounted price. The Section 53 of the amended Companies Bill states, “a company may issue shares at a discount to its creditors when its debt is converted into […]
The Goods and Services Tax (GST) Council will hold an urgent meeting tomorrow, the agenda for which is not known yet. CNBC-TV18 citing sources said that the urgent GST Council meeting will be held through video-conferencing. The last GST Council meeting was held in Guwahati on November 9 and 10, in which a slew of […]
Advance tax, also known as “Pay as you earn tax” is payable in installments within the due dates set by the IT department. As the name suggests, advance tax is paid in advance, instead of a taxpayer making a lumpsum payment at the end of the financial year. Taxpayers will have to submit the third […]
GST portal has provided a facility through which following details pertaining to a GSTIN can be fetched – Legal Name of Business Centre Jurisdiction State Jurisdiction Date of registration Constitution of Business Taxpayer Type (Regular/Composition/Casual) GSTIN / UIN Status Date of Cancellation For checking these details, you can visit the link – https://services.gst.gov.in/serv… After visiting the […]
Ahead of the Gujarat elections, sources tell ET Now that the government has more or less finalised the structure of the electoral bonds schemes, which was announced in the previous budget. Finance Minister Arun Jaitley during his Budget 2017 had announced to roll out electoral bonds, which will help in cleaning up the political funding. […]
The government is expected to allow use of stickers to display revised maximum retail price (MRP) on unsold pre-GST stocks for three months until March 31, a senior official said. “The department of consumer affairs will most likely extend it, and will issue a directive next week,” the government official told ET. The department had […]
Saddled with a massive amount of unverified input tax credit (ITC) claims from the taxpayers, the government fears that the goods and services tax (GST) revenue for November could be lower than Rs 80,000 crore. Government officials told FE that deferment in filing comprehensive triplicate forms (GSTR-1,2 and 3) has left the government with no […]
विभिन्न अभिवेदनों और बैंकों से प्राप्त जानकारी पर विचार करने के बाद आधार संख्या और पेन संख्या अथवा फॉर्म 60 जमा करने की आखिरी तारीख 31 मार्च, 2018 करने का फैसला किया गया है। इस संबंध में आवश्यक अधिसूचना जारी कर दी गई है। इससे पहले कालेधन को सफेद में बदलने से रोकने के प्रावधानों […]
NEW DELHI: Aadhaar compliance is undoubtedly one of the most talked about issues today. A few months ago, the Government of India had directed telecom service providers (TSPs) to verify Aadhaar of all their subscribers, i.e., all those people owning a mobile connection. As per the original Department of Telecommunication’s (DoT) directive, the deadline […]