© orporate Updates on 30.9.2019
Ø China to send its top trade negotiator to US for talks
Ø PMC's HDIL loan stands at Rs. 6,500 crore
Ø IRCTC offers attractive prospects going forward
Ø JSPL to reduce debt by over Rs. 10,000 crore
Ø Govt. to set up working group on new industrial policy
Ø The RBI recommendation that PMC bank ignored
Ø Govt. may seek Rs 30,000 crore interim dividend from RBI, says report
Ø Iran's petroleum industry on 'full alert' against attacks: Oil minister
Ø UP energy regulator slashes solar tariffs, approves bidding for 550 mw
Ø Saudi Arabia to invest $100 billion in India, eyes long-term partnership
Ø Privatisation plan of BPCL will need a prior nod of Parliament: Officials
Ø Value of Indian brands rises 6% to $228.2 billion: BrandZ
Ø SIS India eyes ₹21,000-cr revenue in next five years
Ø Elgi opens new European headquarters in Belgium
Ø Govt. plans to update national water policy: Jal Shakti Minister
Ø Mazagon Dock IPO shelved due to lack of demand for shipbuilding stock
Ø Adani group firms plan to raise $2 bn from dollar bonds
Ø PMO steps in to ease supply of credit for green energy firms
Ø China vows ‘two-way’ financial opening as trade talks near
Ø Govt. is listening to the market: Samir Arora
Ø India set to lose major WTO dispute to the US
Ø BSNL-MTNL: Finance Ministry turns down DoTs Rs. 74,000 crore revival package
Ø RBI may go for another rate cut on October 4: Experts
Ø Economic slowdown: Central PSUs vow to meet 2019-20 capex target
Ø DHFL lenders led by SBI expected to complete debt resolution plan quickly
Ø Telcos war: COAI hopes industry's IUC discussion will be reasonable, objective
Ø Sri Lanka faults India for setting pepper MIP high
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👉The RBI Governor headed Monetary Policy Committee (MPC) will announce the fourth bi-monthly monetary policy for 2019-20 on October 4.
👉The government may seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit target of 3.3 percent of GDP for 2019-20.
👉The deadline to link PAN with Aadhaar has been extended till December 31 as per CBDT order.
👉A key source of funding for promoters could dry up with new restrictions on transfer of shares between dematerialised accounts set to kick in from October 1. Non- banking finance companies will no longer be allowed to ask promoters to shift shares to their accounts as collateral for lending.
👉Traders body CAIT on Sunday alleged that e-commerce portals during the festive sales are causing huge loss of revenue to the government by levying GST on the discounted price rather than on the actual market price of the commodity.
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MCA DIR 3 KYC due date extended. Now you can do KYC of your Directors till October 15, 2019. Official notification yet to come.
GST portal has enabled New functionalities as on September 27, 2019 for taking registration by the taxpayers. The gist of the new functionalities are discussed category wise as under:
RC for Casual Taxpayers: Registration Certificate of Casual Taxpayer will now show Type of Registration as ‘Casual’ instead of ‘Regular‘ as was shown earlier.
For Opening a New Registration Page: On click of “Application for filing clarification” in the pre-login Services menu, the users will now be navigated to New Registration page.
Cancellation of Registration: Error coming to taxpayers while applying for cancellation of registration has been fixed.
Filing Clarification: Error coming to taxpayers, while filing clarifications on the registration application and while Registering or Updating DSC, has been corrected.
Registration: Effective date of registration of a taxpayer, in pre-login and post-login, has been corrected.
Tax Deduction at Source (TDS): Certain fields of Registration Certificate of TDS, coming as blank in cases of deemed approval of registration, has been corrected.
Amendment in Core Field: Blank page coming to taxpayers having a non-Indian authorized signatory partners/promoters, while doing a Core Amendment of registration application, has been corrected.
Amendment in Non Core Field:
Private Limited Companies can now do non-core or core amendment of registration through DSC only.
While filing Amendment of non-core fields in Registration, PAN has been indicated (in asterisk) as mandatory filed.
Error coming to taxpayers that ‘required fields are not filled‘, during filing non-core amendment while changing details in Business Detail tab, has been corrected.
Registration Certificate for Migrated Taxpayers: Legal name coming as blank in registration certificate for migrated taxpayers has been corrected.
In Search Taxpayers Section: Error that both State and Centre Jurisdictions were getting displayed in red color has been corrected in Search Taxpayer functionality.
For Adding a Foreign Promoter: Error coming to taxpayers while entering details of a foreign promoter in registration application (when promoter is authorised signatory also) has been corrected.
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GST: Despite big corporate tax cut gains, ITC’s stock has not fired up enough:
READ MORE- https://www.gststation.in/gst-despite-big-corporate-tax-cut-gains-itcs-stock-has-not-fired-up-enough/
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Around 60 realty firms face GST anti-profiteering cases:
READ MORE- https://www.gststation.in/around-60-realty-firms-face-gst-anti-profiteering-cases/