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www.caonline.in News...
1. States reject GST rate proposed by Arvind Subramanian panel.
2. Cabinet Drops 1% Additional Tax on Inter-State Sales from GST Bill.
3. Cabinet approves GST Constitutional Amendment Bill.
4. Surplus investment in mutual funds cannot render principle of Mutuality inapplicable. [CIT-3 Vs. M/s. Air Cargo Agents Association of India (Bombay high Court)].
5. Where bar to suit by a company arises under an article of the articles of association of the company, there can be no ratification by the official liquidator. [Subiksha Trading service limited vs. Azim Premji [2016] 133 CLA 31. HC of Mumbai].
6. MCA issues Limited Liability Partnership (Amendment) Rules, 2016. Form 14 (intimating Registrar of Firms, for conversion of firm into LLP) revised. Notification of 13.04.2016.
7. Due date of filing DVAT return in form DVAT-16, DVAT-17 & DVAT-48 for Q1 of 2016-17 extended to 31.08.2016. Circular no. 11 of 2016-17 dated 28.07.2016.

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