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What's New

  • Schedule II of the Companies Act, 2013, amended to provide that for Intangible Assets the relevant Ind-AS shall apply and where a company is not required to comply with Ind-AS, the relevant Accounting Standards under Companies (Accounting Standards) Rules 2006 shall apply.

  • Finance Minister Arun Jaitley declared on 10th November 2016 that the proposed Good and Service Tax would roll out from 16th September 2017 instead of from 1st April 2017.


    The Government has listed three GST related bills to be tabled in upcoming winter session. These are:–

    The Central Goods and Service Tax Bill,

    The Integrated GST Bill and

    The GST (Compensation for Loss of Revenue)

  • Circular no. 1050/38/2016-CX has notified that Combined Annual return for the FY 2015-16 of Excise and Service tax need not be filed.

    Notification No. 46/2016-ST dated 9th November 2016 has amended Place of Provision of Service Rules 2012, to provide that the place of provision of service for “ Online information & database access or retrieval service” would be location of service receiver and not of service provider.

  • Date for Migration of existing taxpayers of Delhi, Punjab , Uttrakhand, Haryana , UP and Chandigarh to GST has been notified as ‪16th December 2016 and the last date for the same is ‪31st December 2016

    Date for Migration of existing Service taxpayers to GST has been notified as ‪1stJanuary 2017 and the last date for the same is ‪31st January 2017

  • CBDT vide Circular No. 37/2016 has clarified that where the profit from business is increased by way of disallowances in the assessment proceedings, profit linked deductions under Chapter VI-A is admissible on the profits so increased.

  • Food Grains in zero tax rate category

  • Four-tier GST rate structure of 5, 12, 18, 28 per cent decided by the all-powerful GST Council: Press Trust of India

  • Due date to file DVAT return in form 16,17 and 48 for the Qtr ending 30th September 2016 has been extended up to 14th November 2016.

  •  CBDT notifies revised DTAA with Korea, will be effective from 1st April 2017

  • Our Firm's international reach expands significantly. Morison International (MI) and KS International (KSi) have merged to form a US$1 billion strong international association. The name of the new association will be Morison KSi. 


  • Check out new posts on our Tax Blog:

Expert Views

  • Article on 'Patent Box Regime'
  • TDS on Reimbursement of expenditure
  • Government of India Ministry of Corporate Affairs Notification dated 19.03.2015 - E-VOTING
  • MCA has notified The Companies ( Auditorís Report ) Order 2015, (CARO 2015) recently on 10th April, 2015 .

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