FAQ on GST released, ecommerce companies to register

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CBEC came out with an extensive FAQs detailing taxability of e-commerce players and taxi aggregators under the new set-up. The 268-page frequently asked questions (FAQ) booklet, released by Finance Minister Arun Jaitley, answered over 500 questions on 24 topics, including registration, valuation and payment, scope and time of supply, refunds, seizure and arrest. It has … Continue reading “FAQ on GST released, ecommerce companies to register”

FAQ on GST- Goods and Services Tax

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Frequently Asked Questions (FAQ) on Goods and Services Tax (GST) Following are the answers to the various frequently asked questions relating to GST: Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on … Continue reading “FAQ on GST- Goods and Services Tax”

Due date for return filing extended by CBDT

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   The Central Board of Direct Taxes has extended the due date for filing of income tax returns for taxpayers who are required to be audited, in order to avoid a clash with the Income Declaration Scheme. “The CBDT has extended the last date for such returns which were due on September 30 to October … Continue reading “Due date for return filing extended by CBDT”

UGC-Net exam will be on 22nd January 2017

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The Cetral Board of Secondary Education will conduct UGC-NET examination on January 22 next year. Notifications and all the relevant details will be published on 15th October 2016. On behalf of UGC, the Central Board of Secondary Education announces holding of the National Eligibility Test (NET) on 22nd January 2017 (SUNDAY) for determining the eligibility of … Continue reading “UGC-Net exam will be on 22nd January 2017”

With festivals round the corner, Modi Govt introduced Surge pricing in Rail tickets

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With festivals like Diwali and Durga Puja round the corner, a very harsh decision by Modi Government to introduce surge pricing in Rail tickets. Railway Ministry from tomorrow, is going to introduce flexi fare system in Rajdhani, Duranto and Shatabdi trains which came as a big shock for the people. As per the government release, … Continue reading “With festivals round the corner, Modi Govt introduced Surge pricing in Rail tickets”

GST gets President’s approval

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President Pranab Mukherjee has signed the government’s flagship GST Bill, which will do away with the indirect taxes and usher in one tax for the entire country. With the President’s assent, now GST council need to be formed. Sixteen of the country’s 31 states have already ratified the GST. The GST Council also has to … Continue reading “GST gets President’s approval”

Real competition to Jio, BSNL launches plan for less than Rs 1/GB

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Days after Reliance Jio’s 4G offer at Rs 50 per GB, state-run BSNL on Saturday said it will soon launch a promotional unlimited wireline broadband plan that costs less than Rs 1 per GB. As per this plan, the users can enjoy broadband at Re. 1 per GB of download. However, there is a catch … Continue reading “Real competition to Jio, BSNL launches plan for less than Rs 1/GB”

Government designates 8 Courts as Special Courts for speedy trial of offences under Companies Act, 2013

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The Central Government in exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013, with the concurrence of the Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and Manipur, designates the following Courts as Special Courts for the purposes of providing speedy trial of … Continue reading “Government designates 8 Courts as Special Courts for speedy trial of offences under Companies Act, 2013”

Highlights of proposed Surrogacy Law

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*Draft bill on surrogacy cleared:* A draft bill which aims to regulate surrogacy and safeguard surrogate mothers was cleared today. According to the Health Ministry proposal, the draft Surrogacy Bill, 2016 looks to regulate commissioning surrogacy in India and also make parentage of such children legal. A Group of Ministers which was constituted at the … Continue reading “Highlights of proposed Surrogacy Law”

Urjit Patel is new RBI Governor

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Urjit Patel is new RBI Governor. He will hold the prestigious post for 3 years. “Urjit R Patel has been appointed as the new governor of Reserve Bank of India (RBI),” a finance ministry statement said on Saturday. As India’s top banker, Patel’s primary duty is to keep prices stable and ensure credit flow to … Continue reading “Urjit Patel is new RBI Governor”

Askme shuts operations, layoff 4000 employees without ultimatum

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The Gurugram-based e-commerce company AskMe has shut down its operations and lay-off around 4,000 employees.Severe cash crunch is said to be the reason behind it, when 97% stakeholder Malaysian billionaire Ananda Krishnan-led Astro Holdings exited AskMe Group. AskMe.com was started as a classified portal in 2010. The company launched its online shopping portal Askmebazaar in … Continue reading “Askme shuts operations, layoff 4000 employees without ultimatum”

CMA Syllabus 2016 applicable with effect from 1st August 2016

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Introducing Syllabus 2016 with effect from 1st August 2016. Syllabus 2016 Syllabus 2016 Foundation Study Material For any clarification please communicate with us. admission@icmai.in / bos@icmai.in