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Archive: 20 September 2017

Posts in 20 September 2017

Substitution of Institute of Cost Accountants nominee on NACAS

September 20, 2017 870 Views 0 comment Print

Shri Sanjay Gupta, President, Nominee of the Institute of Cost Accountants of India- Member, [nominated under clause (b) of sub-section (2) of section 210A of the said Act].

Lodging of tax arrear claims and impleading as a party before NCLTs

September 20, 2017 1224 Views 0 comment Print

The Directorate looks after the cases of sick companies which require rehabilitation/ resolution of sickness. Previously the sick companies used to move Board for Industrial and Financial Reconstruction (BIER) under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

How to calculate your Debt-to-Income Ratio and monitor your financial standing?

September 20, 2017 1719 Views 0 comment Print

It is common wisdom to keep your debt at manageable level for sound financial health. But what is the threshold beyond which debt can go berserk? That can be judged against your income level. If your debt is too high compared to your income, sooner or later you will sink into the debt trap – […]

Sales & Input Credit Registers Format under GST

September 20, 2017 23130 Views 0 comment Print

We have uploaded GST Registers Under Section 35 of the GST Act, 2017 in excel format for reference and use of our readers- GST Input Credit Register GST Sales Registers    

E-mail addresses of CGST Divisions of Rajasthan

September 20, 2017 1917 Views 1 comment Print

In the light of the direction given by Hon’ble Rajasthan High Court in C.W. No. 15239/2017 titled as Rajasthan Tax Consultants Association Vs UOI & Ors. We are enclosing list of E-mail addresses of CGST Divisions of Rajasthan.

Revised procedure for Transfer of PF Accounts

September 20, 2017 6903 Views 0 comment Print

In the wake of recent digital initiatives with the objective of making EPFO a Paperless Organization, the new procedure has been formulated for transfer of accounts of a member on change of employment to facilitate seamless and hassle free service to subscribers.

EPFO Introduces new Composite Declaration Form (F-11)

September 20, 2017 8793 Views 0 comment Print

Central Provident Fund Commissioner by exercising the powers conferred under para 36(7) read alongwith the provisions of para 34 and 57 of EPF Scheme, 1952 and para 24 of Employees’ Pension Scheme, 1995 has ordered the introduction of Composite Declaration Form (F-11) by replacing the existing New Form-11 and the same is enclosed as Annexure.

Mandatory self-sealing and use of RFID container seals deferred to 01.11.2017

September 20, 2017 4437 Views 0 comment Print

Considering the difficulties expressed by trade associations in locating vendors of RFID seals, the Board has decided that the date for mandatory self-sealing and use of RFID container seals is deferred to 1st November, 2017. The existing practice may continue till such time. It is also provided that exporters are free to voluntarily adopt the new self-sealing procedure based upon RFID sealing, if readers are in place at the customs station of export from 1.10.2017.

DGFT notifies important changes in the Duty Exemption Schemes

September 20, 2017 1395 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendments in Hand Book of Procedures 2015-2020 as under

Addition U/s. 69 justified for Excess gold recovered from employees

September 20, 2017 840 Views 0 comment Print

Where assessee did not explain satisfactorily about excess gold found from his employee’s possession, addition made under section 69 was as such, rightly made.

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