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To offer discounted rides Uber ties with Standard Chartered
Oct. 12, 2016
Foreign bank Standard Chartered declared about its tie up with Uber,then its credit card holders of 6 countries will get cash back up to 25% in fares.In India card holders will get cash back of 20% on all its rides.This partnership extends to Singapore,Indonesia,Malaysia,Vietnam & will go on live in UAE. This will provide simple & convenient banking throgh digital channels for tech-savy clients
How will I know whatever GST I pay is really paid to government by various makers/sellers and not pocketed by the seller ?

Person selling to you, would have purchased his products/inputs from some supplier. That supplier while filing his outward supply details (GSTR-1) will quote the GSTIN of the your seller. And he will have to accept the same in his GSTR-2. Therefore the system captures the data of your seller. Action can be subsequently be taken in case of evasion of tax.
What are important points to be noted before filing tax liability?

1. Fill FORM GSTR - 3B carefully and correctly, since once deposited cannot be revised. 2. Transitional credit shall be available on filing of FORM GST TRAN - I only.Since last date of filing FORM GST TRAN - I is 30.09.2017, transitional credit can be availed in subsequent months also. 3. Deemed credit would be available only after filing FORM GST TRAN - II, which can be filed only after making payment of tax against the supply for which deemed credit is to be availed. Therefore, credit through FORM GST TRAN - II will be available on tax periods subsequent to the period in which payment for such supply has been made.
Whether GST TDS will be applicable on Works Contract Jobs (to be renamed as Supply of Services) in case of PSUs, since such GST TDS U/s 51(1) of the CGST Act,2017 is applicable on :: (a) Department or establishment of the Central Govt. or State Govt. ; OR (b) Local authority; OR (c) Govt. agencies ; OR (d) Such persons or category of persons as may be notified by the Govt. on the recommendations of the council ?

TDS U/s 51(1) of the CGST Act,2017 will apply to supplies made to such agencies as may be mandated by the Government for TDS. As of now, this section has not been notified and therefore TDS is not applicable on any supplies .
Whether GST would be payable in case of demand of excise duty made upon finalization of provisional excise assessment in post GST period ?

Demands arising from finalization of provisional assessments under the Central Excise Act, unless recovered under the said Act, shall be recovered as an arrear of the tax under GST Act.
Share buyback next week considered by Wipro board
Jul. 15, 2017
Company’s board is meeting on 19 & 20 Jul'2017 to consider Wipro’s 1st quarter results.Co. did not disclose size of buyback.As on Mar',2017, Wipro had cash & cash equivalents of Rs5,271 cr ($813 million) on its books.Wipro Ltd.Board will consider a proposal for buyback of equity shares of co. on Jul'20,2017.Share buybacks improve earnings/share & return surplus cash to shareholders & supports share price in times of sluggish market.
To make canister Fiem Industry in pact with Aisan Industry
Oct. 07, 2016
Fiem Industries signed a 'Technology License & Assistance Agreement with Aisan Industry Co Ltd,Japan & Toyota Tsusho Corporation,Japan to make canister & Co. views big prospect of diversification into new product line.Scrip opened at Rs. 1170 & rose to high & low of Rs.1229.85 & Rs.1167.30. 93041 shares(NSE & BSE) were traded. Current market cap of company is Rs. 1531.48 Cr. Stock is trading above its 50 DMA
Notification No. 34/2016-Customs May'19, 2016,amends No. 12/2015-Customs,Mar'...
May. 25, 2016
Central Government, in public interest makes following amendments in notification of Government of India,in Ministry of Finance (Department of Revenue),No.96/2008 ,Aug',2008 published vide no. G.S.R. 590 (E),Aug'13,2008, namely:- In said notification,in Schedule,- i. entries against s.no. 5 & 21, shall be omitted; ii. for entry against s.no. 24, following entry shall be substituted, namely:- Democratic Republic of Timor-Leste
Whether software is considered as goods or services in GST ?

As per Schedule II of the CGST Act,2017,development, design, programming,customization, adaptation,upgradation,,enhancement,implementation of information technology software and temporary transfer or permitting the use or enjoyment of any intellectual property right are treated as services.
FedEx Corp Stock Insider DealChris Richards Sells Shares
Oct. 12, 2016
Large insider trading sale was made,Christine Richards ,the EVP GENL COUNSEL/SECTY & an insider of FedEx Corporation sold 80,080 shares of FedEx Corp worth $13,901,271(US) at $173.6 per share,now he has 97,519 shares,accounting for 0.04% of Co.'s market cap,as reported on Oct'11,2016.Out of 23 analysts of FedEx(NYSE:FDX), 11 rate it a "BUY" 1 "Sell",while 11 "Hold". Meaning 48% are positive.&206 is highest & $15.50 lowest target

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