By M R Umarji The Insolvency and Bankruptcy Board of India (IBBI) has framed regulations for insolvency resolution process which provide that liquidation value means
Insolvency and Bankruptcy Code: RBI asks banks, financial institutions to share info about assets of creditors with information utilities – The Financial Express–20.12.2017
The Reserve Bank today asked banks and other financial institutions to share information about assets of creditors with information utilities registered under the insolvency law.
Extend pre-GST duty drawback rates till June: Parliamentary panel – The Financial Express–20.12.2017
A parliamentary panel has suggested the government to extend the pre-GST duty drawback rates until June next year or till the revenue department comes out
Government recovered less than 9% service tax arrears in FY 2017, says CAG – The Financial Express–20.12.2017
The CAG audit said the special cells that were mandated with the task of identifying potential assessees were non- existent/non-functional in all the selected Commissionerates.
Stressed assets: Why throwing out promoters should not mean liquidating companies – The Financial Express–20.12.2017
The continuing bankruptcy filings with the NCLT for some of the largest NPAs and the recent bank recapitalisation announcements are welcome steps towards resolving the
FRDI Bill: In its current form it will throw up challenges for every banking segment – The Financial Express–20.12.2017
The Financial Resolution and Deposit Insurance (FRDI) Bill raises some very interesting issues for discussion. Banks are very unique entities. In case of non-bank corporates,
E-Way Bill complicates an already complex GST system – The Financial Express–20.12.2017
While it is true GST collections are falling short of estimates and that the system has not, as yet, been able to check tax evasion,
SME Chatroom: Several issues require the attention of DGFT | Business Standard News–20.12.2017
The Foreign Trade Policy (FTP) says that advance authorisation can be used for procurement from an Export Oriented Unit (EOU). It also says that EOUs
FRDI–Can we bank on our banks? | Business Line–20.12.2017
The Government must clear concerns around the FRDI Bill To say that there is panic among retirees, pensioners and those dependant on interest earned from
Transit gambit: on e-way bill mechanism for transport of goods – The Hindu–20.12.2017
Already grappling with the Goods and Services Tax transition, businesses are now anxious about how the roll-out of e-way bills will pan out. Starting February
GSTN brings in option for monthly, quarterly filing of forms – The Financial Express–19.12.2017
Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, today said it has put a new function on its portal
India’s trade deficit with China stands at $37 bn in April -October – The Financial Express–19.12.2017
India’s trade deficit with China stood at $36.73 billion during the first seven months of the current fiscal (April-October) compared to $51.11 billion in the
Foreign trade policy: Mid term review reaffirms Centre’s belief in Make In India – The Financial Express–19.12.2017
Amidst a series of changes in the tax framework of the country, the government of India recently announced the highly anticipated policy development with regard
E-way bill adds to companies’ woes on GST | Business Standard News–19.12.2017
Burdened with greater documentation and compliance, consumer goods companies say the issue of interstate transfer of goods has not got easier with the e-way bill.
Access to info utilities under bankruptcy law: IBBI proposes, RBI disposes | Business Standard News–19.12.2017-R
Even as the Insolvency and Bankruptcy Board of India (IBBI) has issued standards for public information registries or information utilities to make the bankruptcy process
Firms acquiring stressed assets under insolvency may get tax relief | Business Standard News–19.12.2017
The government is considering giving tax relief to companies that acquire stressed assets under the insolvency process. Some of such steps like carrying forward tax
Move to probe builders for not passing GST benefit too harsh, say realtors | Business Standard News–19.12.2017
The proposed move by the National Anti-profiteering Authority (NAA) to investigate property developers for not passing on the benefits of lower taxes under the goods
India’s perpetual job crisis might find its fix in labour reforms | Business Standard News–19.12.2017
The lack of jobs is beginning to haunt the Modi government. The Reserve Bank of India’s recent Consumer Confidence Survey shows that public perception is
‘GST should ideally have only two rates’ | Business Line–19.12.2017
Satya Poddar, international tax expert “The three key objectives of any tax reform are to make it simpler, more efficient and more equitable,” says Satya
The dollar drain India must worry about | Business Line–19.12.2017
The spike in foreign exchange outflows under the Liberalised Remittance Scheme means India is vulnerable to large scale capital flight, if economic uncertainty increases In
aniltikotekar4sme.com 