{"id":3337,"date":"2017-07-18T12:20:15","date_gmt":"2017-07-18T06:50:15","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3337"},"modified":"2022-01-22T14:55:50","modified_gmt":"2022-01-22T09:25:50","slug":"corporate-and-professional-update-july-18-2017","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-july-18-2017\/","title":{"rendered":"corporate and professional update july 18, 2017"},"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-69f5a9960db57\" 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-69f5a9960db57\"  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-july-18-2017\/#CORPORATE_AND_PROFESSIONAL_UPDATE_July_18_2017\" title=\"CORPORATE AND PROFESSIONAL UPDATE July 18, 2017\">CORPORATE AND PROFESSIONAL UPDATE July 18, 2017<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-july-18-2017\/#Direct_Tax\" title=\"Direct Tax:\">Direct Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-july-18-2017\/#Indirect_Tax\" title=\"Indirect Tax:\">Indirect Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-july-18-2017\/#GST_Updates\" title=\"GST Updates:\">GST Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-july-18-2017\/#FAQs_on_GST\" title=\"FAQs on GST\">FAQs on GST<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-july-18-2017\/#Other_Updates\" title=\"Other Updates:\">Other Updates:<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/4.bp.blogspot.com\/-wNJClJqatnY\/VyitHIW_mDI\/AAAAAAAAJWQ\/aADIWyCr7kwwv9OmGZd_ZtMc0FhhDqH_ACLcB\/s1600\/corporate.jpg\" alt=\"Image result for corporate images\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_July_18_2017\"><\/span><strong>CORPORATE AND PROFESSIONAL UPDATE July 18, 2017<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Direct_Tax\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/popular-faq-on-direct-indirect-tax-corporate-regulatory-matters\/\"><strong><span style=\"text-decoration: underline;\">Direct Tax<\/span>:<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CBDT has transferred 245 commissioners across the country. While performance was one of the main criteria for transferring officials in key positions and shifting out non-performers from significant charges.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a> 26AS Statement for FY16-17 shows income receipts &amp; TDS. Please ascertain tax liability &amp; file IT Return by due date (31 July 2017, if not auditable). Please link <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN<\/a> with Aadhaar. E-verify ITR using Aadhaar OTP or other methods.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bombay high court has restrained Gujarat Co-operative Milk Marketing Federation Ltd, which markets ice cream under brand name Amul, from broadcasting two television advertisements as they were disparaging towards plaintiffs product,\u00a0Kwality Walls.\u00a0(Hindustan Unilever Limited Vs Gujarat Co-operative Milk MarketingFederation ) Ltd., (Bombay High Court)<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Gujarat HC allows assessee\u2019s petition challenging\u00a0action of Income-tax Department not permitting assessee to correct error in PAN ( mistake in 5 characters of PAN) of one of the deductees in TDS statement\u00a0[TS-277-HC-2017(GUJ)]<\/p>\n<h3><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><\/h3>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CBEC make amendments in Custom Act, 1962 by way of notification no 25\/2005-Customs, dated the 1st March, 2005, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 123(E), dated the 1st March, 2005.\u00a0Notification no 67\/2017, dated 14th July 2017.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"GST_Updates\"><\/span><strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> Updates:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0GSTN portal to be ready for invoice uploading from\u00a0July 24.\u00a0Businesses can start uploading their sale and purchase invoices generated post July 1 on the GSTN portal.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Centre urges J&amp;K to implement GST from July 1\u00a0to ensure that consumers and industry in the State are not put at a\u00a0disadvantage. FM\u00a0said that non-implementation of the new levy will\u00a0have an \u201cadverse impact\u201d and lead to a general increase in the prices of goods.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_on_GST\"><\/span><strong><span style=\"text-decoration: underline;\">FAQs on<a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\"> GST<\/a><\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span style=\"text-decoration: underline;\">Query:<\/span><\/strong>\u00a0When invoice is required to be issued by a registered person to an unregistered person, wherein registered person is required to pay tax under reverse charge basis?<\/p>\n<p><strong><span style=\"text-decoration: underline;\">Answer:<\/span><\/strong>\u00a0If a registered person is required to pay tax under reverse charge basis, he would be required to issue an invoice in respect of goods received by him from the supplier on the date of received by him from the date of receipts of goods, provided supplier is not registered on the date of receipt of goods.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Other_Updates\"><\/span><strong><span style=\"text-decoration: underline;\">Other Updates:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/carajput.com\/sebi-consulting.php\">SEBI<\/a> has made it easier for retail investors to move their money between shares and commodities. It issued an amendment to regulations allowing anyone registered to trade in shares to also trade in commodities, and vice-a-versa.<\/p>\n<p>Read our blogs:\u00a0<a href=\"https:\/\/carajput.com\/learn\/fresh-ibc-has-been-suspended-for-one-year-as-per-the-declaration-of-fm.html\">Suspension of Fresh IBC for 1 Year declared By FM<\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/ibc-ordinance-2020-after-the-impact-covid-19-covid-period-defaults-cannot-be-triggered-by-cirp\/\">IBC ordinance 2020 after the impact covid-19 covid period defaults cannot be triggered by cirp<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/ibc-forms-insolvency-and-bankruptcy-code-2016-forms-demand-notices-returns\/\">IBC Forms Insolvency and Bankruptcy Code 2016 Forms Demand Notices Returns<\/a><\/li>\n<li><em><strong><a href=\"https:\/\/carajput.com\/publications\/gst-complainces-calender-nov-2020.pdf\">GST Return compliances calendar- Nov 2020<\/a><\/strong><\/em><\/li>\n<li><em><strong><a href=\"https:\/\/carajput.com\/learn\/salient-features-of-new-proposed-gst-system-in-india.html\" data-cke-saved-href=\"https:\/\/carajput.com\/learn\/salient-features-of-new-proposed-gst-system-in-india.html\">SALIENT FEATURES OF NEW GST SYSTEM IN INDIA<\/a><\/strong><\/em><\/li>\n<\/ul>\n<p><strong><span style=\"text-decoration: underline;\">Quote of the Day:<\/span><\/strong><\/p>\n<p>\u201cBe someone else sunshine, be someone\u2019s smile today\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:<a href=\"https:\/\/carajput.com\/\">\u00a0www.carajput.com<\/a>\u00a0\u00a0\u00a0E:<a href=\"https:\/\/carajput.com\/\"> singh@carajput.com<\/a> T:\u00a0 9-555-555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE July 18, 2017 Direct Tax: \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CBDT has transferred 245 commissioners across the country. While performance was one of the main criteria for transferring officials in key positions and shifting out non-performers from significant charges. \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Income Tax 26AS Statement for FY16-17 shows income receipts &amp; TDS. Please ascertain tax liability &amp; file &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9933],"tags":[5272,1904,1905,1907,1906],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3337"}],"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=3337"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3337\/revisions"}],"predecessor-version":[{"id":21375,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3337\/revisions\/21375"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}