SME IPO Subsidy in Gujarat

Government of Gujarat, to promote the business of Micro, Small and Medium enterprise has formed various subsidies like Interest Subsidy, Capital Subsidy, Technology acquisition subsidy, Market Development Assistance, Assistance for patent registration, SME IPO Subsidy etc.

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Gujarat notifies RERA Rules

On Thursday, 4th May – 2017 Gujarat Government notifies RERA rules which are third and final set of rules. This rules are mandatory to be notified by each state and union territories as per The Real Estate (Regulation and Development) Act, 2016 (RERA). Said comes in to force with effect from 1st May – 2017.

Rules also made clear that it is applicable to all ongoing projects which have not received completion certificate as on 1st May – 2017. Continue reading “Gujarat notifies RERA Rules”

Impact of GST on Power Sector

Electricity is the heart of growth of economy, it is critical for better development and sustained growth of the country. Constitutionally the proposed GST bill allows the levy of GST on all goods, other than those specified. Electricity is not amongst those goods, which are specifically excluded. Lets discuss today impact of GST on Power Sector.

Indian power sector is divided in 2 Major types:

  1. Renewable Power – Solar, Wind, SHP, BG, BP, U&I
  2. Non – Renewable Power – Coal, Gas and Oil

Lets look at the statistics of power industry:

SectorMW% of Total
State Sector103,96732.53%
Central Sector80,25725.11%
Private Sector1,35,38242.36%
Total319,606

 

FuelMW% of Total
Total Thermal218,33068.3%
Coal192,16360.1%
Gas25,3297.9%
Oil8380.3%
Hydro44,47813.9%
Nuclear6,7802.1%
RES (Renewable Energy Sources)50,01815.6%
Total3,19,606

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Budget 2017-18 : Hidden Facts and Analysis

Finance minister Arun Jaitley presented the Union Budget 2017-18 in the Lok Sabha today. Here are the highlights of the Union Budget. Terming the Union Budget “futuristic”, Prime Minister Narendra Modi said it will usher in a new beginning to fulfil the dreams of every section. “This is a Budget for the future — for farmers, underprivileged, transparency, urban rejuvenation, rural development and enterprise,” Modi said in a televised message about the Budget proposals. Continue reading “Budget 2017-18 : Hidden Facts and Analysis”

Draft Invoice Rules under GST Law

As per GST Law every registered person shall have to issue invoice for supply of goods or services to the recipient. As per Rule (1) of the Draft Invoice Rules under GST Law invoice shall contain specified details. First lets have a look when invoice needs to be issued.

When to issue invoice?

A registered person supplied goods shall invoice before or at the time of

  1. Removal of goods where supply involves movement of goods
  2. delivery of goods or making available thereof to the recipient in other case.

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