Vat is a one of the indirect tax in our India. It is simple and transparent system with limited scope of department control due to the self assessment made by dealers and less scope for tax evasion due to strict penal provision. As Per entry 54 in list II (State List) of schedule VII to constitution of India, state are empowered to levied tax on sale or purchase of goods other than newspapers.
No.F.3(352)Policy/VAT/2013/1395-1405 regarding submission of information online in Form DP-1, I, S.S.Yadav, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1 ) read with sub-section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all the dealers latest by 29.02.2016.
Applicants can, with immediate effect, submit online application for IEC by uploading only 2 documents, besides their digital photograph. The manual mode of applications for IEC will cease to exist w.e.f. 1.4.2016 and only online applications for IEC /modification in IEC would be accepted with digital signatures w.e.f. 1.4.2016.
February 1, 2016- ICAI PRESS RELEASE The Institute of Chartered Accountants of India (ICAI) today announced the result of Chartered Accountants Intermediate Examination (IPC) held in November, 2015. The top three rank holders on all India basis of Chartered Accountants Intermediate (IPC) Examination held in Nov, 2015 are from Kathmandu and Delhi. Their details along […]
a) Managerial remuneration to be approved by shareholders. [s. 197, 198] b) Modify definition of associate company and subsidiary company to ensure that ‘equity share capital’ is the basis for deciding holding-subsidiary relationship rather than both equity and preference share capital. [s. 2]
Circular No. 1014/02/2016-CX Hon’ble High Court has held that duty under Central Excise Act, 1944 can be levied, if the article has come into existence as a result of production or manufacture. Articles which are not produced or manufactured cannot be subjected to levy of excise duty.
1. The law of karma is inexorable. Therefore, be aware of the fact that the energy emanating from us in the form of thought, speech and deed should always be positive. 2. Never think or speak negatively about yourself, that puts you in disagreement with God. 3. Meditate on your God given strength and learn to encourage yourself, for much of the time nobody else will.
There is a Power, which governs the affair of this Universe. We may call it by any name viz. Supreme Intelligence, Supreme Soul, Supreme Power, Supreme Consciousness or God. As rightly told by all the saints of diverse faiths, every human being has, within himself a spark of the Divine. To put it differently, every human being has got within himself a fragment or a part of the Supreme Power or Intelligence.
The Central Board of Direct Taxes (CBDT) has entered into two bilateral Advance Pricing Agreements (APAs) with United Kingdom on 29th January, 2016. With this signing, CBDT has concluded three bilateral APAs the first one being a bilateral APA signed with Japan in December, 2014.
Dear Friends, I started my journey in the active service of profession in the year 1991 as an office bearer of Indore Branch of CIRC of ICAI. I am happy that after 24 years, the profession gave me the opportunity to serve as the 63rd President of the ICAI, in the year 2015. Earlier, I […]
