"22 July 2015" Archive

Mystery of Confusing Notifications on applicability of Excise Duty on Textiles, Mobile phone etc.

Mystery of Confusing Notifications on applicability of Excise Duty on Textiles, Mobile phone, Note books, Spectacles, Calculators, Water filters, Sauces and ketchups, Bicycles, etc. The Central Board of Excise and Customs has issued three Central Excise Notifications apparently to clarify when manufacturers can avail exemption or concessi...

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Posted Under: Excise Duty |

Checklist on Board’s Report under Companies Act, 2013

As we all are in urge of finalization and procedural requirements related to the various compliances under the Companies Act, 2013. Most of the important matters are related to the Board of Directors which they need to follow as per Companies Act 2013, for the purpose of the same following reference checklist will benefit to one and all....

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Posted Under: Excise Duty |

Simplifying Mechanism of Issuing Passport under passport seva system

NA 22/07/2015

The minister of state in the ministry of external affairs Gen. (Dr) V. K. Singh (retd) informed the members of Lok Sabha today in reply to a question that (i) It would be incorrect to say that a large number of applicants seeking passport services are unable to use online method as often server goes […]...

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Govt. integrates 14 services with eBiz portal & 12 are more under various stages of integration

Introduction of E-Biz Platform   – 14 Central Government services have been integrated with eBiz portal. S. No. Ministry/ Dept. Name Service  Name 1 Ministry of Corporate Affairs Name Availability 2 Ministry of Corporate Affairs Director Identification Number 3 Ministry of Corporate Affairs Certificate of Incorporation 4 Ministry...

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Posted Under: Excise Duty |

ICAI devised mechanism to Monitor Tendering Fees quoted by its Members

ANNOUNCEMENT – MECHANISM TO MONITOR TENDERING With a view to contain the tendering system for attest functions, the Council at its special (338th) meeting considered the report of the Group constituted under the convenorship of CA. Tarun Jamnadas Ghia, Member, Central Council and decided as under: 1.  Tendering has been prohibited...

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Posted Under: Excise Duty |

Fate of GST Bill in Rajya Sabha: Clouds of dissonance on the ongoing Monsoon session

The much talked about Goods and Services tax (GST) Regime has been creating a buzz amongst all, eagerly waiting for the monsoon session of the Parliament to commence with the hope that the much awaited Constitution (122nd Amendment) Bill, 2014 on GST ('122nd CAB'or 'GST Bill') will be passed....

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Posted Under: Excise Duty |

Relaxation in requirement to undergo nine months of Practical Training to appear in IPC Exam

Sub.: Relaxation in the requirement to undergo nine months of Practical Training to appear in Intermediate (IPC) Examination in respect of students registered for Intermediate (IPC) under CPT Route and shifted to Direct Entry Scheme In order to mitigate the hardships being faced by the students who have originally registered for Intermedi...

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Posted Under: Excise Duty |

ICAI declares Time Table of CPT December 2015

No.13-CA (EXAM)/CPT/December/2015: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday, 13th December, 2015 in two sessions as below, at the following centres provided that s...

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Posted Under: Excise Duty |

Regarding unfettered power of reassessment u/s 147- Now IT Dept & Assessee are 3 each

1. Recently, Karnataka High Court on 1-Jul-2015 in the case of Sri N Govindaraju v ITO in ITA/504/2013 held that, an AO has the AO has unfettered power of re-to assessment u/s 147 i.e. not limited to issue mentioned in notice u/s 148. 2. Till that date, the views of the high courts were divided […]...

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Posted Under: Excise Duty |

Crackdown on E-Commerce Model under Delhi VAT

CA Vinod Kaushik Introduction: Before I begin this article it is crucial to discuss the reasons behind writing this article with such a scary title and too when the concept of ease of doing business is on its peak. In fact all of us use the e-commerce in daily life to buy goods without moving […]...

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Posted Under: Excise Duty |

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