Afternoon D & C Dedicated To Mumbai
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Thursday, April 25, 2019

India Shopping Centre Forum 2019
The 12th edition of India Shopping Centre Forum (ISCF), India’s biggest and the only knowledge sharing platform for the shopping industry, organized by REED Exhibitions India 2019 in Mumbai. Commenting on the announcement George Mohan, Portfolio Director, Reed Exhibition India said, “With ISCF 2019, we are endeavoring to bring companies and leaders together on a single platform to showcase their services, products and expertise on the present and future of the retail real estate industry in India. ISCF is an exclusive platform where service providers can have easy access to the decision makers in the mall business. Moreover, it will serve as a melting pot of knowledge from entrepreneurs, business legends and budding professionals.”

Fastener Fair India opens on April 25 in Mumbai
“Fastener Fair India” a much awaited exhibition on fixing and installation will be held in Bombay Exhibition Center, Goregaon (East), Mumbai, from 25th April to 26th April 2019. This exhibition which will cover wide product range of Fastner and Fixings, assembly and Installation systems, storage and logistic services, fastner manufacturing technology and construction fixings. “Fastener Fair” will be a unique opportunity for companies, who form an integral part of large machine manufacturers through their products in the area of fixing and installation. These companies mostly being SME (Small and Medium Enterprise) will in future play a vital role in creating “Make in India” belief.

Indiabulls Real Estate to sell London asset to promoters for GBP 200 mn
Indiabulls Real Estate will sell its London property to promoters for GBP 200 million (approximately Rs 1,800 crore) as part of its strategy to focus on its India business and cut debt. The company's net debt stood at Rs 4,590 crore at the end of the fourth quarter of 2018-19 fiscal and the same would be reduced to Rs 3,000 crore after this proposed deal with promoters conclude. "The company has decided to focus only on Mumbai and NCR markets, and hence has decided to divest Century Limited, the parent company that houses Hanover Square property, London," Mumbai-based Indiabulls Real Estate said in an analyst presentation. "In light of continuing Brexit related issues and uncertainty around it, the London property market remains sluggish, so the promoter has undertaken to buy the parent company of London asset for GBP 200 million," it added.

Blech India 2019 in Mumbai
BLECH India 2019 an exhibition that will boost the “Make in India” initiatives that has been the country’s premier development initiative will be held at Bombay Exhibition Center, Goregaon (East), Mumbai between 25th to 27th April 2019. The exhibition will focus on various technical aspect of creating products with Sheet Metal Work. Blech India 2019 will showcase some extra-ordinary innovation in the field of Automation & Robotics, Environment Protection and Recycling, CAD/CAM systems and data processing, Factory and Warehouse equipment’s to name a few.

ICAI provides Technical support to ICA Nepal
The Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of Nepal (ICAN) had entered into an MoU that was approved by the Union Cabinet chaired by Prime Minister of India Narendra Modi and later on formally signed and exchanged by both the Institutes in his august presence in the year 2017. The MoU interalia provides that both ICAI and ICAN would be jointly working for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting profession in India and Nepal.

Composition scheme biz to now file simplified 'self-assessed' GST return quarterly
Giving relief to composition scheme taxpayers under the GST, the finance ministry has allowed such businesses to file 'self-assessed tax' return on quarterly basis in a simplified form. So far, businesses opting for composition scheme had to file tax returns every quarter in GSTR-4 which ran into around seven pages. As per a Central Board of Indirect Taxes and Customs (CBIC) notification, composition scheme taxpayers will now file GSTR-4 annually by April 30 for the previous financial year ending March 31.

The CBIC has notified the simplified 'statement for payment of self-assessed tax' in Form GST CMP08 to be filed by taxpayers who have opted for composition scheme, under which businesses have to pay lower rate of tax on their turnover.

The CMP08, which has to be filed by the 18th day of the subsequent month following the end of a quarter, will include details like outward supplies, inward supplies attracting reverse charge including import of services; tax, interest payable; and taxes and interest paid.

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