As 2015 Diwali memories have clinched to our memory storehouse and with CA exams being recently concluded a few weeks back, I ponder over how tough it must have been for the guys who were battling it out in the examination hall defying all odds when others were busy celebrating, including me.
We have all been through the rigours of pursuing CA and we know how tough it is to handle various situations which need us to push our limits beyond our capabilities. We can put forward several such examples to prove it like studying late night hours (burning the midnight oil), being dedicated to our task and putting all our efforts all throughout to clear the exams in the very next attempt
The existing Accounting Standards which were notified under the Companies Act 1956 under the Companies (Accounting Standards Rules) 2006 have to be notified afresh under Section 133 of the Companies Act, 2013. Certain existing Accounting Standards which were notified in 2006 contain ‘Transitional Provisions’
Notification No. 57/2015-Customs (ADD) Seeks to levy definitive anti-dumping duty on import of all kinds of plastic processing or injection moulding machines, also known as injection presses used for processing or moulding of plastic materials, having clamping force not less than 40 tonnes and not more than 1000 tonnes for a period of five years
Notification No. 56/2015-Customs (ADD)- Seeks to levy definitive anti-dumping duty on Phthalic Anhydride, originating in, or exported from Japan and Russia for a period of five year
Notification No. 55/2015-Customs (ADD) Seeks to levy definitive anti-dumping duty on Melamine Tableware and Kitchenware products originating in, or exported from the Peoples Republic of China, Thailand and Vietnam for a period of five year.
Circular No. 30/2015-Customs duty DRI has pointed out difficulty being faced in implementing guidelines and accordingly has suggested suitable amendments. The matter has been examined in Board. Accordingly, it has been decided that the following cases investigated by DRI shall be assigned to Additional Director General (Adjudication), DRI:
FOR THE ATTENTION OF THE MEMBERS Auditing and Assurance Standards Board issues Exposure Drafts of New/Revised Standards on Auditing for Comments The Auditing and Assurance Standards Board of the ICAI is issuing the Exposure Drafts of following new/revised Standards on Auditing (SAs) for comments.
REPORT OF SUB-COMMITTEE-II ON MODEL GST LAW Empowered Committee of State Finance Ministers September, 2015 GOODS AND SERVICES TAX ACT, 2016 Government Has Released Model Draft of Proposed GST Act, 2016 and it Contains the following topics- PART – I
Export the goods and not the taxes is the common line that we hear, this statement is also valid in Finance Act, 1994 for export of service. However Rules framed under Finance Act, 1994 have defined the term Export of Service and if the conditions mentioned therein are satisfied only than the benefits are available.
