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Archive: March, 2018

Posts in March, 2018

CESTAT should not exercise its discretionary power in whimsical and arbitrary manner

March 8, 2018 1125 Views 0 comment Print

Whether the Customs, Excise and Service Tax Appellate Tribunal (Tribunal) was right in exercising discretion and in refusing to admit the appeal preferred by the appellant in exercise of discretion vested under proviso (iii) to sub­section (1) of Section 129A of Customs Act, 1952 (Act, for short)?

Cabinet approves 2% DA to Central Government employees

March 8, 2018 690 Views 0 comment Print

Cabinet approves two percent Dearness Allowance to Central Government employees The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensionersw.e.f. 01.01.2018 representing an increase of 2% over the existing rate of 5% […]

Appointment of New Directors from Back-End of ROC

March 8, 2018 35016 Views 4 comments Print

In this article, Author list out the entire process of appointment of new director and documents required for insertion of new director with the back end of Registrar of Companies.

House Rent Allowance Calculator for Financial Year 2017-18

March 8, 2018 5097 Views 0 comment Print

House Rent Allowance Calculator for Financial Year 2017-18- Just Enter Pay Slip Details and Rent paid Details, You can calculate the HRA Exemption Amount

Waiting for NFRA Like Regulatory Bodies for Banks, Beurocracy, Political Parties, Taxation Authorities, & Medical, Legal & Company Secretary Profession!!!

March 8, 2018 8367 Views 3 comments Print

The progressive measures, being undertaken by the Government in curbing corruption, have always been taken in positive spirit by honest and diligent members of ICAI, and as such the constitution of NFRA, will infact reinforce and reinstate the perception about the dignity and integrity of the noble profession of Chartered Accountancy. However, having said that, the Government must not be selective in its sincere endevours of curbing corruption, and as such the need of the hour is to constitute and create similar regulatory bodies (like NFRA) for Nationalised Banks, Bureaucracy, Political Parties, Taxation Authorities and even Medical, Legal and Companies Secretary Professions. Then only the Government’s Objective of “Sabka Saath Sabka Vikas, without any Discrimination” will be achieved and accomplished, in true spirit.    

How to file Letter of Undertaking for Export of Goods or Services

March 8, 2018 11418 Views 3 comments Print

To file the Letter of Undertaking (LUT) for export of goods or services at the GST Portal, perform the following steps: 1. Access theGST Portal at www.gst.gov.in URL. The GST Home page is displayed., 2. Login to the GST Portal with valid credentials.

CIT (Appeals) should timely issue & dispatch appellate orders

March 8, 2018 11454 Views 0 comment Print

It is once again reiterated that the CIT (Appeals) should abide by the instructions of CBDT regarding timely issue and dispatch of appellate orders in letter and spirit. It is also important to note that the Apex Court has held that CIT (Appeals) has plenary powers in disposing of an appeal. These powers must be used by CIT (Appeals) judiciously while passing appellate orders.

Companies (Filing of Documents and Forms in XBRL) Amendment Rules, 2018

March 8, 2018 4968 Views 0 comment Print

(1) These rules may be called the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

Substitution of ICSI, ICAI and RBI nominee on NACAS

March 8, 2018 1887 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956, (1 of 1956), the Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Corporate Affairs, number S.O. 3118 (E), dated the 3rd October, 2016

Separate limit of Interest Rate Futures for Foreign Portfolio Investors

March 8, 2018 741 Views 0 comment Print

It has been decided to allocate a separate limit of INR 5,000 crore to FPIs for taking long position in IRFs. Para 13 (d) of Annexure 1 to SEBI Circular CIR/MRD/DRMNP/35/2013 dated December 05, 2013 and Para 13 (c) of Annexure 1 to SEBI Circular CIR/MRD/DRMNP/11/2015 dated June 12, 2015 stand partially modified to that extent.

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