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Archive: 13 July 2015

Posts in 13 July 2015

Extension of last date of filing of forms MGT-7 and AOC-4

July 13, 2015 4684 Views 0 comment Print

It has been decided to relax the additional fee payable on Forms AOC-4, AOC-4 XBRL and Form MGT-7 upto 31/10/2015. Further, a company which is not required to file its financial statement in XBRL format and is required to file its CFS would be able to do so in the separate form for CFS without any additional fees upto 30/11/2015.

PHD Workshop on Mega Exemption under Service Tax and Point of Taxation Rules, 2011 – Relevance in GST Regime

July 13, 2015 1884 Views 0 comment Print

Mega Exemption under Service Tax and Point of Taxation Rules, 2011 – Relevance in GST Regime  We are happy to inform that the Fourth Workshop under the series is being organised on the theme “Mega Exemption under Service Tax and Point of Taxation Rules, 2011 – Its relevance in GST Regime on Friday,  17 July, 2015 […]

Review of minimum contract size in Equity Derivatives Segment

July 13, 2015 336 Views 0 comment Print

At present, the minimum contract size in equity derivatives segment is Rs. 2 lakhs. The requirement was recently reviewed and it has been decided to increase the minimum contract size in equity derivatives segment to Rs. 5 lakhs.

Anti-dumping duty on Glass Fibre and articles thereof imported from China

July 13, 2015 1639 Views 0 comment Print

In the matter of continuation of anti-dumping duty on Glass Fibre and articles thereof, falling under heading 7019 of the First Schedule to the Customs Tariff Act, originating in, or exported from, People’s Republic of China, imposed vide notification of the Government of India shall remain in force up to and inclusive of the 13th day of July, 2016, unless revoked earlier”.

Curious Case of Charges under Companies Act, 2013

July 13, 2015 6506 Views 0 comment Print

Section 77 to 86 read with Companies (Registration of charges) Rules, 2014 deals with provisions relating to the Charges under Companies Act, 2013. Section 77 exclusively talks about ‘creation of charge’. Sub-section (1) of Section 77 states that it shall be the duty of every company creating a charge within in India or outside India

The Delhi Value Added Tax (2nd Amendment) Bill, 2015

July 13, 2015 2525 Views 0 comment Print

July 13, 2015 BILL NO. 08 OF 2015 The Delhi Value Added Tax (2nd Amendment) Bill, 2015 (As passed by the Legislative Assembly of the National Capital Territory of Delhi on 30th June, 2015) BILL NO. 08 OF 2015 THE DELHI VALUE ADDED TAX (2nd AMENDMENT) BILL, 2015 A BILL to further amend the Delhi […]

SSI Exemption available to job worker on goods manufactured under Brand name of Principal manufacturer – SC

July 13, 2015 2237 Views 0 comment Print

In the case of M/s. Vir Rubber Products P. Ltd. Vs. Commissioner of Central Excise Hon’ble SC held that for claiming SSI exemption under Central Excise law, the value of clearances made on account of job work under the brand name of principal manufacturer should not be included

VAT can be levied even on multiple transfer of right to use goods of intangible nature

July 13, 2015 3618 Views 0 comment Print

The High Court distinguished the remarks of the Supreme Court in the case of BSNL. The observation of one of the three judges bench of the Supreme Court in the case of BSNL was that in order to attract levy under transfer of right to use goods, the transfer has to be to the exclusion of the transferer and once the right to use the goods is transferred the owner again cannot transfer the right to others.

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