{"id":5611,"date":"2019-02-16T14:54:33","date_gmt":"2019-02-16T09:24:33","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5611"},"modified":"2021-08-18T13:16:23","modified_gmt":"2021-08-18T07:46:23","slug":"corporate-and-professional-updates-on-15th-february-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-15th-february-2019\/","title":{"rendered":"Corporate and professional Updates on 15th February 2019"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Indirect Tax Updates:<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i1.wp.com\/www.profitbooks.net\/wp-content\/uploads\/2016\/07\/Goods-And-Service-Tax-GST.jpg?resize=350%2C200&amp;ssl=1\" alt=\"Related image\" width=\"480\" height=\"274\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li>The <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">Goods and Services Tax<\/a> Council will focus on lowering the tax rate on under-construction properties. A ministerial panel has firmed up its recommendations in this respect, which will be placed to the federal indirect tax body.<\/li>\n<li>A ministerial panel led by Gujarat deputy chief minister Nitin Patel has favoured lowering GST on under-construction properties to 5% without credit for taxes paid on raw materials, down from an effective 12% at present with tax credits. The seven-member panel also favoured slashing the rate on affordable housing from 8% to 3%.<\/li>\n<li>Completed ones are subject to stamp duty.\u00a0The proposed tax cut on under-construction properties follows several measures by the government in the interim budget FY2019-20 and by the <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">Reserve Bank of India<\/a>. The budget gave income tax relief to the middle class the RBI slashed the rate at which it lends to banks by 25 basis points to 6.25%.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Other Updates:<\/span><\/em><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Jet Airways approves lenders Rescue Deal.<\/li>\n<li>Growth likely to reach 7.5% next fiscal.<\/li>\n<li>Jobs, Tech Transfer top agenda for Indo-US.<\/li>\n<li>RCom to repay NCD holders only via NCLT.<\/li>\n<li>Govt hikes minimum selling price of sugar by Rs 2\/Kg.<\/li>\n<li>DoT floats Cabinet note on Voda Idea&#8217;s FDI proposal ahead of Rs 25,000 cr rights issue.<\/li>\n<li>UK Parliament defeats May again in Brexit vote.<\/li>\n<li>RBI Governor Shaktikanta Das rules out asset quality review of NBFCs.<\/li>\n<li>Bharat 22 ETF&#8217;s additional offering subscribed over ten times.<\/li>\n<li>Expert committee suggests Rs 9,750 a month as National Minimum Wage.<\/li>\n<li>Oil at new high in CY19 on US-China trade Optimism, OPEC Output cuts.<\/li>\n<li>Nestle India Q4 Net Profit rises 9.6% to Rs 341.76 Crore; sales up 11.2%.<\/li>\n<li>India on the verge of significant data centre expansion.<\/li>\n<li>Revenues of Auto Parts cos to grow 12% over four years.<\/li>\n<li>Banks come up with rescue package for Jet.<\/li>\n<li>India, EU to jointly develop Water Technologies.<\/li>\n<li>McLeod Russel\u2019s net profit drops 24% in Q3.<\/li>\n<li>Solar Power tariffs will be lower than 2.30\/unit by 2030.<\/li>\n<li>Paytm pledges all its assets to borrow 1,400 Crore from ICICI Bank.<\/li>\n<li>Bata India sprints as margin expansion springs a surprise in Q3.<\/li>\n<li>Mahindra lost out on the SUV growth opportunity: Pawan Goenka.<\/li>\n<li>Glenmark Q3 Net Profit up 11% to Rs. 116.34 Crore.<\/li>\n<li>Petronet signs initial deal to invest, buy LNG from Tellurian.<\/li>\n<li>Ashok Leyland net drops 21 per cent at Rs 381 Crore in Q3.<\/li>\n<li>Q3 Results ONGC Profit up 65 per cent on higher realisation.<\/li>\n<li>Essar Steel NCLT reserves orders on pleas related to ArcelorMittal plan.<\/li>\n<li>Banking health Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3.<\/li>\n<li>Doubts over Govt data prompt call for independent verifier.<\/li>\n<li>I-T releases Coffee Day shares.<\/li>\n<li>PNB to e-auction 4,000 Properties to reclaim loans.<\/li>\n<li>Larsen &amp; Toubro infotech to acquire Germany&#8217;s Nielsen Partner for EUR 28.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Key Due Dates:<\/span><\/em><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Due Date of GSTR-3B for the month of January 2019 is 20th February 2019.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Indirect Tax Updates: The Goods and Services Tax Council will focus on lowering the tax rate on under-construction properties. A ministerial panel has firmed up its recommendations in this respect, which will be placed to the federal indirect tax body. A ministerial panel led by Gujarat deputy chief minister Nitin Patel has favoured lowering GST &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6762,6802,6114],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5611"}],"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=5611"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5611\/revisions"}],"predecessor-version":[{"id":16141,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5611\/revisions\/16141"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}