{"id":5827,"date":"2019-06-18T17:04:49","date_gmt":"2019-06-18T11:34:49","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=5827"},"modified":"2021-08-04T18:35:26","modified_gmt":"2021-08-04T13:05:26","slug":"corporate-and-professional-updates-on-1st-june-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-1st-june-2019\/","title":{"rendered":"Corporate and Professional Updates on 1st June 2019"},"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-69f1e11e4a11f\" 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-69f1e11e4a11f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-1st-june-2019\/#Direct_Tax_Updates\" title=\"Direct Tax Updates:\">Direct Tax Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-1st-june-2019\/#Indirect_Tax_Updates\" title=\"Indirect Tax Updates:\">Indirect Tax Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-1st-june-2019\/#RBI_Updates\" title=\"RBI Updates:\">RBI Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-1st-june-2019\/#Other_Updates\" title=\"Other Updates:\">Other Updates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-1st-june-2019\/#Key_Due_Dates\" title=\"Key Due Dates:\">Key Due Dates:<\/a><\/li><\/ul><\/nav><\/div>\n\r\n<h1><span class=\"ez-toc-section\" id=\"Direct_Tax_Updates\"><\/span><strong><em>Direct Tax Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\">\r\n<figure id=\"attachment_13302\" aria-describedby=\"caption-attachment-13302\" style=\"width: 921px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/tax_pay.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-13302\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/tax_pay.png\" alt=\"www.carajput.com: Direct Tax  Update\" width=\"921\" height=\"483\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/tax_pay.png 610w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/tax_pay-300x157.png 300w\" sizes=\"(max-width: 921px) 100vw, 921px\" \/><\/a><figcaption id=\"caption-attachment-13302\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com: Direct Tax Update<\/span><\/figcaption><\/figure>\r\n<\/figure>\r\n\r\n\r\n\r\n<ul>\r\n<li>Delhi High Court restrained the <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a> Department from taking any action against VVIP chopper deal scam accused Gautam Khaitan against whom a black money case has been lodged. Court said Khaitan, an advocate by profession, has made out a &#8220;good prima facie&#8221; case for grant of interim relief and grave prejudice would be caused to him if the authorities are not restrained at this stage from proceeding further.\u00a0<\/li>\r\n<li>CBDT do not want to let go the Revenue Dues owed by Shell Companies that have been deregistered by the MCA. But the task is easier said than done, as it would mean the restoration of over 4,000 companies identified by the CBDT. The CBDT has been holding talks with the MCA over this.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h1><span class=\"ez-toc-section\" id=\"Indirect_Tax_Updates\"><\/span><strong><em>Indirect Tax Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\">\r\n<figure id=\"attachment_13300\" aria-describedby=\"caption-attachment-13300\" style=\"width: 676px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/sgst-igst-cgst-full-form.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13300\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/sgst-igst-cgst-full-form.jpg\" alt=\"www.carajput.com: Indirect Tax Update\" width=\"676\" height=\"376\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/sgst-igst-cgst-full-form.jpg 676w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/sgst-igst-cgst-full-form-300x167.jpg 300w\" sizes=\"(max-width: 676px) 100vw, 676px\" \/><\/a><figcaption id=\"caption-attachment-13300\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com: Indirect Tax Update<\/span><\/figcaption><\/figure>\r\n<\/figure>\r\n\r\n\r\n\r\n<ul>\r\n<li>The new option has been introduced wherein the consignment of one e-way bill has to be moved in multiple vehicles, after moving to transshipment place.<\/li>\r\n<li>Different high courts in the country have given stay orders on several fiats of the National Anti-profiteering Authority (NAA) for the <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a>, casting doubts on the legal tenability of the way the nearly one-and-half-a-year-old set-up operates and passes orders on alleged cases of profiteering by businesses.A review by FE revealed that at least five firms have got reliefs from the high courts, in what allowed them to defer coughing up an aggregate amount of Rs 430 crore.\u00a0<\/li>\r\n<\/ul>\r\n<p><strong><em><u>Read more about: <\/u><\/em><em><a href=\"https:\/\/carajput.com\/blog\/what-is-core-business-activity-in-gst\/\">What is core Business Activity GST<\/a><\/em><\/strong><\/p>\r\n<p><strong><em><u>Read more about<\/u><u>: <\/u><\/em><em><a href=\"https:\/\/carajput.com\/blog\/all-about-gst-offenses-penalties-appeals\/\">All about GST Offenses, Penalties, and Appeals<\/a><\/em><\/strong><\/p>\r\n\r\n\r\n\r\n<h1><span class=\"ez-toc-section\" id=\"RBI_Updates\"><\/span><strong><em><a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\">\r\n<figure id=\"attachment_13301\" aria-describedby=\"caption-attachment-13301\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13301\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi.jpg\" alt=\"www.carajput.com: RBI Update\" width=\"1280\" height=\"720\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi.jpg 1280w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi-1024x576.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/06\/719994-660568-rbi-800x450.jpg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-13301\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com: RBI Update<\/span><\/figcaption><\/figure>\r\n<\/figure>\r\n\r\n\r\n\r\n<ul>\r\n<li>Government is open to providing more powers to the RBI to direct lenders to take action on stressed assets. There is a growing view in the government that there has to be some regulatory supervision over debt resolution by the RBI.<\/li>\r\n<li>RBI has asked NBFCs with asset sizes of more than Rs.5,000 crore to appoint a chief risk officer (CRO) with a clearly specified roles and responsibilities, in view of the increasing role in direct credit intermediation of these companies. The RBI directive comes in the backdrop of the IL&amp;FS imbroglio and its ripple impact on NBFCs.<\/li>\r\n<li><a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> wants NBFCs with assets of more than 5,000 Crore must appoint a Chief Risk Officer (CRO). It said that with the increasing role of NBFCs indirect credit intermediation, there is a need for NBFCs to Augment Risk Management Practices.<\/li>\r\n<li>RBI Appointed Committee headed by Aadhaar architect Nandan Nilekani submits its suggestions on Promoting Digital Payments to RBI Governor Shaktikanta Das. The 5-member team was formed in January this year to consult with various stakeholders of the payments ecosystem and deliberate on solutions to further strengthen the industry<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h1><span class=\"ez-toc-section\" id=\"Other_Updates\"><\/span><strong><em>Other Updates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\r\n\r\n\r\n\r\n<ul>\r\n<li>MCA sees Rs 2.8 lakh cr recovery from IBC-led RP.<\/li>\r\n<li>IOC to examine US sanction&#8217;s impact on CPCL plans<\/li>\r\n<li>India may witness slowdown as oil imports decline<\/li>\r\n<li>DoT to soon settle merger\/transfer of licences in M&amp;As<\/li>\r\n<li>BoB looks to rationalise 800-900 branches<\/li>\r\n<li>Pre-monsoon rainfall deficit drops to 22 per cent<\/li>\r\n<li>Reliance Capital protests ratings downgrade<\/li>\r\n<li>India reports trade deficit with 11 RCEP members in FY 2018-19<\/li>\r\n<li>OPEC members meet to assess oil market after US sanctions on Iran<\/li>\r\n<li>NMDC plans to acquire 100 per cent stake in Australia&#8217;s Legacy Iron-Ore Ltd<\/li>\r\n<li>Debt-ridden Essar Steel reports Rs 4,229 cr EBITDA during insolvency period<\/li>\r\n<li>ICICI-Videocon loan case: Kochhar contests bonus clawback, ESOP termination<\/li>\r\n<li>NBFC crisis to top agenda of new govt.<\/li>\r\n<li>Jet employee group offers to invest\u00a0$700\u00a0million<\/li>\r\n<li>AgMA Energy plans to launch India-specific agri products<\/li>\r\n<li>No interest in taking control of IndiGo: Rakesh Gangwal<\/li>\r\n<li>Dredging Corporation of India wins annual contracts from Cochin and Paradip port trusts<\/li>\r\n<li>ONGC, GIP, Tripura govt eye to buy out IL&amp;FS\u2019s 26% stake in OTPC<\/li>\r\n<li>TCS eyes double-digit growth in FY20, says COO Subramaniam<\/li>\r\n<li>Dr Reddy\u2019s Laboratories serves a bitter medicine in March quarter<\/li>\r\n<li>RBI&#8217;s vision document on payment systems to spur digital economy: Fintech firms<\/li>\r\n<li>Life insurance industry to focus on millennials, digital-human interface<\/li>\r\n<li>IMFA posts loss of Rs 74 cr in January-March qtr<\/li>\r\n<li>Power producers seek removal of double taxation on imported coal<\/li>\r\n<li>RBI to boost card payments with 34% increase in PoS terminals by end of 2021<\/li>\r\n<li>Japan\u2019s Orix to acquire wind assets of IL&amp;FS<\/li>\r\n<li>GST Council may consider national bench of AAAR next month<\/li>\r\n<li>FPIs withdraw Rs 6,399 crore in May so far<\/li>\r\n<li>AstraZeneca moves US court against Aurobindo<\/li>\r\n<li>RBI releases &#8216;Vision 2021&#8217; for payment systems for &#8216;cash-lite&#8217; society<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h1><span class=\"ez-toc-section\" id=\"Key_Due_Dates\"><\/span><strong><em>Key Due Dates:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\r\n\r\n\r\n\r\n<ul>\r\n<li>The Due Date of GSTR-1\u00a0 For the Month Of May is 10th June 2019.<\/li>\r\n<li>The Due Date of GSTR-3b For the Month Of May is 20th June 2019.<\/li>\r\n<li>The Due Dates for the Deposit of <a href=\"https:\/\/carajput.com\/tds.php\">TDS\/TCS<\/a> for the Purchase of Property 30th June 2019.\\<\/li>\r\n<li>Annual Return For Registered Tax Payers is 30th June 2019.<\/li>\r\n<\/ul>\r\n<p><strong><em><u>Read more about:<\/u><\/em><\/strong><u> <\/u><strong><em><a href=\"https:\/\/carajput.com\/blog\/all-about-gst-offenses-penalties-appeals\/\">All about GST Offenses, Penalties &amp; Appeals<\/a><\/em><\/strong><\/p>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Direct Tax Updates: Delhi High Court restrained the Income Tax Department from taking any action against VVIP chopper deal scam accused Gautam Khaitan against whom a black money case has been lodged. Court said Khaitan, an advocate by profession, has made out a &#8220;good prima facie&#8221; case for grant of interim relief and grave prejudice &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":[9156],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5827"}],"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=5827"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5827\/revisions"}],"predecessor-version":[{"id":14677,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5827\/revisions\/14677"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}