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Latest India Tax News 10th October 2016

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  • Latest India Tax News 10th October 2016

    • Under GST Composition Supplier cannot charge tax from customer or issue tax invoice. Credit of Composition tax cannot be claimed by customer.
    • SEBI to cut IPO listing time to 4 days from six days now. We have been able to bring down the issue timing from T+12 to T+6 days and all of us have to start working now about how to further reduce the issue timing.
    • Nominee of deceased member is absolutely entitled for the ownership by transfer, Co-op. Soc can't challenge the right of nominee a settled law of the land. Supreme Court of India.
    • MCA has notified the date on which the provisions of Section 124, sub sections (1) to (4), (6) and (8) to (11) of Section 125 of the Companies Act, 2013 shall come into force.
    • DIPP has clarified that Internet broadcasting companies shall also come under the preview of statutory licensing under section 31D of the Copyrights Act,1957.
    • Last date for excise return (ER-1) for the month of september -2016 is 10th October-2016.
    Last edited by Parveen Komal; 10-10-2016, 03:55 PM.
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