{"id":2985,"date":"2016-12-19T12:12:19","date_gmt":"2016-12-19T06:42:19","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2985"},"modified":"2021-08-13T13:56:08","modified_gmt":"2021-08-13T08:26:08","slug":"corporate-and-professional-update-dec-192016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-192016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE DEC 19,2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea5a0ca94dd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea5a0ca94dd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-192016\/#Direct_Tax\" title=\"Direct Tax:-\">Direct Tax:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-192016\/#Indirect_Tax\" title=\"Indirect Tax:-\">Indirect Tax:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-192016\/#GST_UPDATE\" title=\"GST UPDATE:-\">GST UPDATE:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-192016\/#Other_Update\" title=\"Other Update:-\">Other Update:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-dec-192016\/#Key_Dates\" title=\"Key Dates:-\">Key Dates:-<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong>Professional Update For the Day:<\/strong><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/12742418_685376608232570_407065997594926807_n.png\" rel=\"attachment wp-att-2986\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2986 aligncenter\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/12742418_685376608232570_407065997594926807_n-300x240.png\" alt=\"12742418_685376608232570_407065997594926807_n\" width=\"482\" height=\"386\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/12742418_685376608232570_407065997594926807_n-300x240.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/12742418_685376608232570_407065997594926807_n-768x614.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/12\/12742418_685376608232570_407065997594926807_n.png 960w\" sizes=\"(max-width: 482px) 100vw, 482px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Direct_Tax\"><\/span><strong><span style=\"text-decoration: underline;\">Direct Tax:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>CBDT warns of penal action if <a href=\"https:\/\/carajput.com\/income-tax-services.php\">I-T returns<\/a> are &#8216;drastically&#8217; changed\u00a0against misusing the provision of revised tax returns in a bid to legalize their unaccounted income following the demonetization of high-value old currency notes.<\/li>\n<li>Form 1 (PMGKY, 2016) is available for e-Filing. A declaration of income in the form of cash or deposit in an account maintained with a specified entity and the amount deposited in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.<\/li>\n<li>HC : Revenue not debarred from making Sec.14A disallowance absent express recording of dissatisfaction\u00a0\u00a0[TS-643-HC- 2016(DEL)].<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Indirect_Tax\"><\/span><strong><span style=\"text-decoration: underline;\">Indirect Tax:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Indirect tax assessments not to be reopened if turnover rises\u00a0in a circular to excise and service tax chief commissioners, the Central Board of Excise and Customs (CBEC) said.<\/li>\n<li>CESTAT :\u00a0Personal security provided by the State Police department cannot be considered to be in nature of security agency services. Held that Business is not an activity undertaken with the intent of earning profit and the charges recovered by the assessee who is a state police department, are in the nature of cost recovery for the additional police force deployed on request for maintaining security and law and order. Thus, activities undertaken by assessee cannot be held to be in the nature of business activity.\u00a0\u00a0[TS-500-CESTAT- 2016-ST].<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"GST_UPDATE\"><\/span><strong><span style=\"text-decoration: underline;\">GST UPDATE:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>GSThttps:\/\/carajput.com\/gst\/gst-consultancy.php Enrolment, give principal &amp; additional places of business \u00a0for state for which migration is done &amp; not those in other states.<\/li>\n<\/ul>\n<p><strong>Read our articles:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/e-invoice-mechanism-under-the-gst\/\"><strong>E-Invoice Mechanism under the GST<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/blog\/blocking-the-e-way-bill-creation-system-if-fails-to-file-gstr-3b-gstn\/\">Blocking\/Unblocking the E-Way Bill creation system if fails to file GSTR-3B: GSTN<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/carajput.com\/blog\/reasons-for-the-movement-of-goods-under-the-gst\/\">Reasons for the Movement of Goods under the GST<\/a><\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Other_Update\"><\/span><strong><span style=\"text-decoration: underline;\">Other Update:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>India and Switzerland signed the \u2018Joint Declaration\u2019 for implementation of Automatic Exchange of Information (AEOI) on 22.11.2016;<\/li>\n<li><a href=\"https:\/\/carajput.com\/sebi-consulting.php\">Securities Exchange Board of India (SEBI)<\/a> lays down principles of financial market infra for commodity exchanges.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_Dates\"><\/span><strong><span style=\"text-decoration: underline;\">Key Dates:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>E- Payment of <a href=\"https:\/\/carajput.com\/services-vat.php\">DVAT<\/a> &amp; CST for Nov :\u00a021.12.2016.<\/li>\n<li>Issue of DVAT Certificate for Deduction made in Nov :\u00a022.12.2016.<\/li>\n<\/ul>\n<p>\u201cA Satisfied life is better than a Successful life because our success is measured by others. But our satisfaction is measured by our own soul, mind &amp; heart.\u201d<\/p>\n<p>\u201cAbility is a good thing but stability is even better. The only reason why the earth has gravity is to remind us to keep our feet on the ground in all situations of our life.\u201d<\/p>\n<p>We look forward for your valuable comment www.carajput.com<\/p>\n<p>FOR FURTHER QUERIES CONTACT US:<\/p>\n<p>W:\u00a0<a href=\"https:\/\/carajput.com\/\">www.carajput.com<\/a>\u00a0\u00a0 \u00a0E: <a href=\"https:\/\/carajput.com\/\">singh@carajput.com<\/a>\u00a0 \u00a0 , 9-555-555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professional Update For the Day: Direct Tax:- CBDT warns of penal action if I-T returns are &#8216;drastically&#8217; changed\u00a0against misusing the provision of revised tax returns in a bid to legalize their unaccounted income following the demonetization of high-value old currency notes. Form 1 (PMGKY, 2016) is available for e-Filing. A declaration of income in the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[208,150,9,4,1],"tags":[2310,2304,6256,5],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2985"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=2985"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2985\/revisions"}],"predecessor-version":[{"id":15648,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2985\/revisions\/15648"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=2985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=2985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=2985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}