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Britannia Industries to hold board meeting
Jul 15,2017

Britannia Industries will hold a meeting of the Board of Directors of the Company on 7 August 2017 Quarterly Results

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Escorts Finance to hold board meeting
Jul 15,2017

Escorts Finance will hold a meeting of the Board of Directors of the Company on 25 July 2017 to consider, approve and take on record the Unaudited Financial Results (Standalone) of the Company for the quarter ended June 30, 2017

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National Fittings fixes record date for dividend
Jul 15,2017

National Fittings has fixed 05 August 2017 as record date for dividend.

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Sai Baba Investment and Commercial Enterprises fixes record date of stock split
Jul 15,2017

Sai Baba Investment and Commercial Enterprises has fixed 24 July 2017 as record date for stock split of each Equity Share having nominal value of Rs. 10/- each into 10 Equity Shares of nominal value of Rs. 1/- each.

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Menon Bearings fixes record date for interim dividend
Jul 15,2017

Menon Bearings has fixed 01 August 2017 as record date for interim dividend.

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Aunde India shifts corporate office
Jul 15,2017

Aunde India announced that the Corporate Office of the Company is being shifted to 63/64, 6th Floor, Wing C, Mittal Court, Nariman Point, Mumbai - 400021 w.e.f 17 July, 2017.

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Bhansali Engineering Polymers standalone net profit rises 110.74% in the June 2017 quarter
Jul 15,2017

Net profit of Bhansali Engineering Polymers rose 110.74% to Rs 16.88 crore in the quarter ended June 2017 as against Rs 8.01 crore during the previous quarter ended June 2016. Sales rose 52.35% to Rs 224.03 crore in the quarter ended June 2017 as against Rs 147.05 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales224.03147.05 52 OPM %13.1810.95 - PBDT29.2414.10 107 PBT27.7212.77 117 NP16.888.01 111

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DCB Bank standalone net profit rises 38.68% in the June 2017 quarter
Jul 15,2017

Net profit of DCB Bank rose 38.68% to Rs 65.22 crore in the quarter ended June 2017 as against Rs 47.03 crore during the previous quarter ended June 2016. Total Operating Income rose 20.28% to Rs 566.04 crore in the quarter ended June 2017 as against Rs 470.62 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Total Operating Income566.04470.62 20 OPM %61.4964.95 - PBDT100.9172.20 40 PBT100.9172.20 40 NP65.2247.03 39

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Karnataka Bank standalone net profit rises 10.13% in the June 2017 quarter
Jul 15,2017

Net profit of Karnataka Bank rose 10.13% to Rs 133.85 crore in the quarter ended June 2017 as against Rs 121.54 crore during the previous quarter ended June 2016. Total Operating Income rose 5.55% to Rs 1330.54 crore in the quarter ended June 2017 as against Rs 1260.60 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Total Operating Income1330.541260.60 6 OPM %60.0967.20 - PBDT110.82125.61 -12 PBT110.82125.61 -12 NP133.85121.54 10

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GRUH Finance standalone net profit rises 20.04% in the June 2017 quarter
Jul 15,2017

Net profit of GRUH Finance rose 20.04% to Rs 72.24 crore in the quarter ended June 2017 as against Rs 60.18 crore during the previous quarter ended June 2016. Sales rose 14.95% to Rs 398.12 crore in the quarter ended June 2017 as against Rs 346.34 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales398.12346.34 15 OPM %86.7790.78 - PBDT108.9890.30 21 PBT108.3289.56 21 NP72.2460.18 20

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Choice International standalone net profit rises 642.86% in the June 2017 quarter
Jul 15,2017

Net profit of Choice International rose 642.86% to Rs 0.52 crore in the quarter ended June 2017 as against Rs 0.07 crore during the previous quarter ended June 2016. Sales rose 75.87% to Rs 5.03 crore in the quarter ended June 2017 as against Rs 2.86 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales5.032.86 76 OPM %47.1246.85 - PBDT0.930.38 145 PBT0.750.09 733 NP0.520.07 643

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Choice International consolidated net profit declines 27.88% in the June 2017 quarter
Jul 15,2017

Net profit of Choice International declined 27.88% to Rs 0.75 crore in the quarter ended June 2017 as against Rs 1.04 crore during the previous quarter ended June 2016. Sales declined 23.77% to Rs 27.67 crore in the quarter ended June 2017 as against Rs 36.30 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales27.6736.30 -24 OPM %21.0717.16 - PBDT2.472.50 -1 PBT1.821.95 -7 NP0.751.04 -28

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Provisions related to registration under GST regime
Jul 15,2017

As per the GST laws, one is required to take registration on or before 30thJuly, 2017. All traders are requested to register now without waiting for the last date.

If one is carrying-out any business and have an Annual Aggregate turnover in the preceding Financial Year exceeding Rs. 20 lakh (Rs. 10 lakh in Special Category States), you need to register in all the States/Union Territories from where you are making taxable supplies. However, one need not register if one is engaged exclusively in the supply of exempted goods or services or both. The timelines for applying for registration are as follows:-

Registered under any of the existing law

Migrated

Liable for registration in GST regime

Provisional Ids issued need to be converted to GSTIN by submitting necessary documents in 3 months (i.e. by 22nd September 2017)

Not liable for registration in GST regime

Need to apply for cancellation in 30 days (i.e. by 22ndJuly, 2017)

Not-Migrated

Liable for registration in GST regime

Need to apply for registration within 30 days (i.e. by 22ndJuly, 2017)

Not registered under any of existing law

Liable for registration in GST regime

Become liable from 01/07/2017

Need to apply for registration within 30 days (i.e. by 30thJuly, 2017)

Become liable after 01/07/2017

Need to apply for registration within 30 days from becoming liable for registration

Taking registration in GST is a very simple process, and the comfort of the taxpayer has been kept in mind while designing the procedure. You can take registration from the comfort of your home by filing an online application on the common portal https://www.gst.gov.in/. All one need is a valid PAN, email id and a mobile number. Once these 3 details are verified, one will be required to furnish other details relating to his/her business. There is no need to submit any physical documents (unless a query is raised and documents asked for) and all necessary documents can be scanned and uploaded. If there are no queries, one will receive his/her registration online within 3 working days from submission of online application.          

Its simple. But what will happen if one doesnt get registered?

More than anything, getting registered is for ones own benefit. If one is liable to take registration but dont get registered, one will not be able to enjoy the benefit of input tax credit. Not only he/she, but any registered person, purchasing from him/her may not be able to get the input tax credit. Not obtaining registration, though liable to do so, would also attract penalty.

Getting registered would lead to growth in ones business. Prospective buyers, who are registered under GST, will prefer to buy from suppliers who are also registered under GST, as this would entitle them to the input tax credit. This also means that one is contributing his bit towards nation building, by ensuring that appropriate taxes are collected and paid to the Government. Therefore, traders are requested to register under GST immediately without wasting any more time.

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DCB Bank director resigns
Jul 15,2017

DCB Bank announced that the Board of Directors of the Bank, in its meeting held on 15 July 2017 has taken on record the resignation of Keki Elavia from the directorship of the Bank, as requested by him.

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Liberty Shoes announces resignation of director
Jul 15,2017

Liberty Shoes announced the resignation of Vivek Bansal as Non- Executive Independent Director of the company w.e.f. 15 July 2017.

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