eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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Central Govt. notifies Goods and services Tax Settlement of funds Rules, 2017
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th July, 2017 G.S.R. 964(E).—In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), section 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017)… Read More
Exporter to declare no input tax credit of CGST or IGST has been availed on export products
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 26th July, 2017 No. 73/2017-CUSTOMS (N.T.) G.S.R. 954(E).—In exercise of the powers conferred by sub-sections (2) and (3) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central , and if necessary, establish to the… Read More
SEBI amends International Financial Services Centres Guidelines, 2015
Securities and Exchange Board of India CIRCULAR SEBI/HO/CIR/P/2017/85 July 27, 2017 To, 1. All Recognised Stock Exchanges/ Clearing Corporations in International Financial Services Centre (IFSC) 2. All Recognised Stock Exchanges, Clearing Corporations and Depositories 3. All Registered Intermediaries Dear Sir / Madam, Subject: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015… Read More
Govt. notifies Andaman and Nicobar islands Value Added Tax Regulation, 2017
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 26th July, 2017/Shravana 4, 1939 (Saka) THE ANDAMAN AND NICOBAR ISLANDS VALUE ADDED TAX REGULATION, 2017 CHAPTER I PRELIMINARY 1. (1) This Regulation may be called the Andaman and Nicobar Islands Value Added Tax Regulation, 2017. (2) It extends to the whole of the Union… Read More
CBDT vide order dt. 26 July 2017 directs designated officer to furnish bulk info. to MCA
F.No. 225/252/2017/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 26th of July, 2017 Order In exercise of powers conferred under section 138(1)(a) of Income tax Act, 1961 (‘Act’), the Central Board of Direct taxes hereby directs that Principal Director General of Income-tax (Systems), New-Delhi (Pr. DGIT(Systems)) shall be the… Read More
Govt. directs CBDT to furnish specified information to MCA
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PARTII, SECTION 3 SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT FO REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, the 26th of July, 2017 NOTIFICATION In pursuance of sub- clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-Tax… Read More
Govt. takes action to address the problem of Benami Transactions Across India
Benami Transactions Across the Country The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively amended through the Benami Transactions (Prohibition) Amended Act, 2016 to provide for an effective regime for prohibition of benami transactions. The… Read More
Cabinet approves Labour Code on Social Security, 2017
Labour Code on Social Security, 2017 The Second National Commission on Labour has recommended that the existing Labour Laws should be broadly grouped into four or five Labour Codes on functional basis. Accordingly, the Ministry has taken steps for drafting four Labour Codes on Wages; Industrial Relations; Social Security & Welfare; and Safety and Working… Read More
Impact of GST on Civil Aviation Sector
Impact of GST on Civil Aviation Sector Under the GST regime the applicable tax rate on economy class passenger tickets has been reduced from 6% to 5% (non-creditable for goods), while the tax rate on business class has been increased from 9% to 12% with input tax creditable for both goods and services procured by… Read More
FAQ’s on sectoral series for MSME, TEXTILE and EXPORTS
Central Board of Excise and Customs releases FAQ on GST Sectoral series for MSME, TEXTILE and EXPORTS sectors respectively. FAQ Sectoral Series-MSME FAQ Sectoral Series -TEXTILE FAQ Sectoral Series -EXPORTS Read More
GST Council forms a Selection Committee for appointment under National Anti-profiteering Authority
GST Council forms a Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as the Chairman and Members of the National Anti-profiteering Authority under GST The GST Council has formed a Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as… Read More
Union Finance Minister releases a Case Study on GST in India
The Union Finance Minister, Shri Arun Jaitley releases a Case Study on the Birth of the Goods and Services Tax (GST) in India – “The GST Saga: A Story of Extraordinary National Ambition” in national capital today. A Case Study on the birth of the Goods and Services Tax (GST) in India – “The GST… Read More
Finance Act, 2017 amends section 115 JB of IT Act
Issues arising from the implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accounting Standards (Ind AS) compliant companies. Finance Act, 2017 amended the provisions of section 115JB of the Income-tax Act,1961(‘the Act’) so as to provide the framework for computation of book profit for the purposes of levying Minimum Alternate Tax (MAT) in… Read More
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