Corporate Snippets on Nov 15
Ø Pay AGR dues as per SC order: DoT to telcos
Ø CPI hits 16-month high, breaches RBI's target
Ø CoC extends RCom's asset bid deadline by 10 days
Ø Govt to institutionalise social audits in rural schemes
Ø KEC International bags new orders of Rs 2,255 cr
Ø US tech body opposes India's bid for data localisation
Ø India's growth should bottom out in Dec qtr: CLSA
Ø Voda boss says Indian JV remark distorted, apologises to Govt.
Ø Major ports record muted performance on fall in coal, fertilizer cargo
Ø Indian plastic exports to Pakistan decline by 91% on soured relations
Ø MFs' exposure to NBFCs down 30% in 15 months since IL&FS crisis broke out
Ø SEBI puts in place disclosure framework for municipal debt securities
Ø HAL profit up 116% to Rs 621 cr in Sep quarter; revenue grows 32%
Ø Liquidation of Voda-Idea may mean $1.7-trillion hit for shareholders
Ø ITC to pick up 33.42% stake in vending machine maker Delectable
Ø SAT to hear RIL appeal against SEBI in ₹2,000 crore Reliance Petroleum case
Ø RBI sees sharp fall in consumption
Ø CG Power’s foreign subsidiaries face financial crunch, legal issues
Ø NBCC, Suraksha Realty asked to submit fresh bids to buy Jaypee Infratech
Ø Railways records lowest freight loading since 2010
Ø ABB India pulls off strong profit growth but order flow concerns remain
Ø SpiceJet Ltd reports ₹461 crore September quarter loss
Ø BSNL to raise ₹15000 crore through sovereign bonds next month
Ø US-based Dole Food Co to enter India through tie-up with Future Group
Ø High levies, low tariffs double whammy for telecom industry
Ø Yes Bank faces fresh audit into complaints by whistleblower
Ø Vedanta SEZ in Odisha seeks permission to locally procure petroleum coke
Ø NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech
Ø Red-flagging exposures: Banks may classify DHFL as fraud account
Ø Adani Power second quarter profit falls 99% on poor sales
Ø Rupee tumbles 62 paise, could remain weak
Ø SENSEX tumbles 229 points as weak macro data, rupee woes weigh
Ø NABARD seeks credit disbursal from banks on monthly basis
Ø RBI becomes net buyer of dollars in Sept., bought USD 5.61 billion
Ø Dividend tax burden may shift to investors
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👉🏻Concurrent Auditor arrested in PMC Bank scam
(EOW of Mumbai Police has arrested an concurrent auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank)
👇🏻 👇🏻 👇🏻
http://bit.ly/2qUzXRO
👉🏻Income tax department admits error in charging late ITR filing fee
(The income tax department has admitted that there has been an inadvertent error while processing income tax returns (ITR) of partners of firms whose accounts are liable to be audited)
👇🏻 👇🏻 👇🏻
http://bit.ly/2rFTMwJ
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CBIC has asked its principal chief commissioners to be more proactive in persuading eligible taxpayers to take benefit of 'Sabka Vishwas Scheme'. with the objective of settling pending disputes of Service Tax and Central Excise in the budget. A mid-term review reveals that a total amount of Rs 5,472 crore inclusive of pre-deposit amount of Rs 4,225 crore has already been declared under the scheme.
SEBI has issued Operational guidelines for foreign portfolio investors designated depository participants and eligible foreign investors. These consolidated operational guidelines for foreign portfolio investors (FPIs) and Designated Depository Participants (DDPs) are issued to facilitate the implementation of SEBI (Foreign Portfolio Investors) Regulations, 2019.
RBI has issued a notification on a review of limits eligibility criteria for classification under ‘Qualifying Assets’ for Non-Banking Financial Companies-Micro Finance Institutions (NBFC-MFIs).
Confederation of Indian Industry has urged the government to drop a proposal to lower the threshold for companies to mandatorily employ welfare officers, saying the change would severely impact margins of small and medium enterprises.
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👉NCLAT asks for SEBI reply on new share delisting norms for insolvency firms.
👉NCLAT sets aside tribunal order to begin insolvency process against Apeejay Tea.
👉NCLAT in New Delhi has set aside an order approving Dhanuka Laboratories Ltd.’s resolution plan for Orchid Pharma.
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Taxman gears up to impose 18% GST on CXO salaries:
READ MORE- https://www.gststation.in/taxman-gears-up-to-impose-18-gst-on-cxo-salaries/
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Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties:
READ MORE- https://www.gststation.in/budget-2020-finmin-seeks-suggestions-for-rationalising-income-tax-other-duties/
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🎯News on GSTR 9& 9C - Extended
GSTR 9 and GSTR 9C date extended by govt
🗓FY 17-18 -Due date31 Dec 19
🗓FY 18-191- Due date 31 March 20
Below is summary
📌Simplification of form by making various field optional
📌 No split of ITC in input, input services and Capital goods- Relexation in Table no 6 of GSTR 9
📌No need to provide HSN summary of outward supply - Relaxation in Table no 17 of GSTR 9
📌No need to provide HSN summary of inward supply - Relaxation in Table no 18 of GSTR 9
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Challenges in current GST structure: A way forward:
Eead more-*https://www.gststation.in/challenges-in-current-gst-structure-a-way-forward/
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GST will not have to be paid expensive, if you do not pay twice in a row, then no E-way bill:
READ MORE- https://www.gststation.in/gst-will-not-have-to-be-paid-expensive-if-you-do-not-pay-twice-in-a-row-then-no-e-way-bill/
