India Inc adheres to new accounting format

India Inc adheres to new accounting format

Most listed companies that are part of the BSE 500 index managed to file results for the quarter ended June under the new Indian Accounting Standard or Ind-AS, the extended deadline for which ended on Thursday. However, some outside the top 500 failed to file their...
Companies Act to be relaxed for Gift IFSC ventures

Companies Act to be relaxed for Gift IFSC ventures

The government is amending Companies Act to relax provisions for Gujarat Gift City’s international finance centre. The amendments will relax compliance norms. The amendment bill is expected to be introduced in the ongoing Parliament session. Companies operating...
Taxpayers to get a feel of GST next month

Taxpayers to get a feel of GST next month

Beginning next month, the Goods and Services Tax Network (GSTN) will start migrating over 80 lakh taxpayers onto its system. This will facilitate the smooth implementation of the GST regime. “The first part of our software will be ready by end October. Existing...