The Finance Ministry has introduced changes in the e-way bill system, including auto calculation of distance based on PIN codes for generation of e-way bill and blocking
Day: April 25, 2019
IBC: Changes, challenges and interpretation of bankruptcy law
IBC mandates that an insolvent asset must be resolved in 270 days. Next month, it would be 3 years since Parliament enacted the bankruptcy law. There
ITC moves NCLT seeking to cancel Leela sale; hearing on June 18 – The Economic Times
In another development, Leelaventure in a BSE filing Wednesday said markets regulator Sebi has asked it to hold the sale of its four hotels and
Composition scheme biz to now file simplified ‘self-assessed’ GST return quarterly – The Economic Times
There are 1.21 crore businesses registered under Goods and Services Tax (GST), of which 20 lakh are under composition scheme. Giving relief to composition scheme taxpayers under
GST returns: Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21–Economic Times
Non-filers of GST returns for two straight months will be barred from generating e-way bills for transporting goods effective June 21, the finance ministry said. Businesses under GST composition scheme, however,
Income tax exemption: You can submit Form 15G/Form 15H even if your total income exceeds tax-exempt level
Highlights Banks usually deduct TDS from the interest income on FDs if it crosses the threshold limit It is important to submit Form 15G/Form 15H
Let competition be cure for profiteering–Economic Times
The Directorate General of Anti-Profiteering has reportedly charged Procter & Gamble India with alleged ‘profiteering’. The company is accused of not passing on about Rs.
Ericsson moves Supreme Court against returning Rs 580 crore to Anil Ambani’s RCom – The Financial Express
Swedish telecom network company Ericsson has moved the Supreme Court against potentially having to return Rs 580 crore to Reliance Communications according to an NCLAT
GST relief for small businesses; simplified ‘self assessed’ GST return filing in composition scheme – The Financial Express
The CBIC has notified the simplified ?statement for payment of self-assessed tax? in Form GST CMP08 to be filed by taxpayers who have opted for
Don’t dilute IBC | Business Standard Editorials
The Insolvency and Bankruptcy Code (IBC) has been one of the major reforms of the past five years. It promised to effectively solve what former
GST Council gives firms more flexibility on use of input tax credit | Business Standard News
In yet another simplification, the Goods and Services Tax (GST) Council has added flexibility into the way a company can utilise the available input tax
Data on jobs, GDP being analysed with a new set of proxies: CEA – The Hindu BusinessLine
Pointing out that the country is moving towards data-based governance, Chief Economic Advisor Krishnamurthy Subramanian on Wednesday underscored the importance of data integrity for achieving
Banks must disclose exposure to IL&FS: RBI – The Hindu BusinessLine
The Reserve Bank of India has asked banks to declare details of their exposure and provisions related to troubled Infrastructure Leasing and Financial Services as
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