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Corporate and Professional Updates on 6th May 2019

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Corporate and Professional Updates on 6th May 2019

Indirect Tax Updates:

The Delhi High Court has directed the Goods and Services Tax Council to review the tax structure for solar power projects. The decision was in response to a writ filed by the Solar Power Development Association, which had challenged the latest tax formulation for solar power generating systems unveiled on January 1.
The court has asked the GST Council to relook at the matter in consultation with the Central Board of Indirect Taxes and Customs and the ministry of new and renewable energy.
It has given the government two months to revert and scheduled the next hearing in August. “Between divergent AARs and an ad hoc basis of fixing a presumptive valuation between goods and service, the solar sector has had a chaotic induction into GST holds out hope of a quick and definitive solution to this long-standing problem of the solar industry.

Other Updates:

NCLT admits Bharti Airtel petition on Rs 112-crore dues
Tata Motors may drop small diesel cars from portfolio
Auditors have questions to answer, says govt
ONGC gets green nod for Rs 240 cr project in Assam
India, UK in talks to build aircraft carrier: Report
Lupin, Zydus Pharma recall products in the US
Sebi may be asked to relax the 75% promoter stake norm for PSBs
Govt to give financial aid to minority investors filing class-action suits
Sebi’s co-location order delays announcement of NSE’s FY19 results
Govt sees little scope for Jet Airways revival as bidders stay away: Report
Vodafone Idea promoters contribute Rs 17,920 crore to the rights issue
Infibeam sacks auditor for sharing unpublished price-sensitive information
IndiGrid to buy ₹11,500-cr electricity transmission assets from Sterlite Power
The anti-dumping duty imposed on saccharin imports from Indonesia
L&T MBDA, Tata Power defense proposals get SEZ board approval
CII backs FAME-II scheme despite EV makers’ red flag
‘IBC helped creditors recover 195% of liquidation value’
ONGC cash reserves erode 98% to ₹167 crores in 1.5 years
Early Q4 earnings point to a slowdown in the economy
India warns WTO about EU’s proposal for e-commerce rules
ThyssenKrupp sees room for EU agreement on Tata Steel deal
Bajaj Auto sees no slowdown in two-wheeler sales, rides ahead of the competition
DoT asks Karnataka to align infrastructure roll-out policy with RoW policy
India’s steel production stood at 27 million tonnes in Q1 2019
India’s reliance on oil imports jump multi-year high of 84%
US-China trade deal enters endgame, a positive sign for the global economy
Dangerous to let viable cos close down: IBBI chief
DHFL to raise up to Rs 2,000 cr
India for ADB-led mechanism for channeling funds from rich to developing nations.

Key Due Dates:

Payment of TDS Deducted in April is 7th May 2019.
GSTR-1 Due Date for the month of April 2019 is 11th May 2019.
GSTR-3B for the month of April 2019 is 20th May 2019.
More updates: INCOME TAX UPDATE 18 NOVEMBER 2015

More updates: INCOME TAX UPDATE 14 NOVEMBER, 2015

5 years ago

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.