Articles published in The Times of India, The Economic Times and The Hindu BusinessLine (Friday).
Dear all,
Your association SIMA is forwarding herewith Articles published in The Times of India, The Economic Times and The Hindu BusinessLine, dated 27/12/2019.
1. GST returns not filed? Authorities can attach the property, bank accounts (The Times Of India).
A new set of rules have given the green light to GST authorities to attach property and bank accounts of those who fail to file tax returns despite repeated reminders. The move is part of a strategy to ensure better compliance something that has been missing with a significant chunk of over 1 crore GSTregistered entities failing to file returns on time.
In a set of detailed standard operating procedures to be followed against “non-filers”, the Central Board of Indirect Taxes and Customs has cracked the whip against “defaulters”, drawing upon the powers given to it under the law........TO VIEW THE FULL ARTICLE PLEASE CLICK HERE.
2. Large unlisted cos face quicker disclosure rule (The Times Of India).
(GoM To Take Up Issue Under Amended Cos Act)
Large unlisted companies may have to make quarterly or half-yearly filings, like their listed counterparts, as the government is considering amendments to the Companies Act to mandate more frequent disclosures in the aftermath of the IL&FS collapse.........TO VIEW THE FULL ARTICLE PLEASE CLICK HERE.
3. Efforts on to Make it Easier to Start Up, Do Business (The Economic Times of India).
(Changes on cards for faster incorporation, reducing time spent on tax compliance)
A plethora of regulatory changes covering startups are in the works to reduce time spent on tax compliance by them to less than one hour a month along with easier incorporation processes and boosting the availability of global and domestic capital.
The Department for Promotion of Industry and Internal Trade (DPIIT) is in talks with the ministries of finance and corporate affairs, the Securities and Exchange Board of India (Sebi) and the Reserve Bank (RBI) over the new measures..........TO VIEW THE FULL ARTICLE PLEASE CLICK HERE.
4. India set to cross 100 GW renewable energy capacity mark in 2020 (The Hindu BusinessLine)
(India’s installed renewable energy generation capacity touched around 86GW by November-end)
India is all set to cross the 100GW renewable energy capacity mark in 2020. It can also make rapid strides towards the ambitious 175GW clean energy target by 2022 provided the government keeps a close eye on key issues and deals with those well in time.
The Government, however, needs to promote storage to ensure 24X7 clean energy supply as coal-fired thermal power remains the base load in the country..........TO VIEW THE FULL ARTICLE PLEASE CLICK HERE.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
