"01 November 2018" Archive - Page 2

CESTAT on Service tax on construction related composite works contract services

Real Value Promoters Pvt. Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai)

Real Value Promoters Pvt. Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) a. The services provided by the appellant in respect of the projects executed by them for the period prior to 1.6.2007 being in the nature of composite works contract cannot be brought within the fold of commercial or industrial construction servic...

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Customs Rate of Exchange of Foreign Currency Conversion wef 02.11.2018

Notification No. 90/2018-Customs (N.T.) (01/11/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 02.11.2018 notified vide Notification No. 90/2018 – Customs (N.T.) dated 1st November, 2018....

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ICAI President’s Message – November 2018

CA Naveen N.D Gupta My Dear Professional Colleagues, By Constitution, our nation stands for the protection and furtherance of civil rights of its citizens and today as citizens, we can express and profess the way we are. This is a significant aspect of our Constitution that needs to be celebrated and maintained. Bonds of trust and [&hell...

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Posted Under: Service Tax |

ICAI- Why surnames used in CA name being prefixed in our organization?

Why are surnames used in members name being prefixed in our organization? Does it not lead to promoting caste-ism and why such arrangements are being used in electoral? The electoral be corrected before going for next round of elections....

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CRUX ON SS-4 : Secretarial Standard on Report of Board of Directors

EFFECTIVE DATE  – Secretarial Standard 4 on Report of Board Of Directors shall come into effect from 1st October, 2018. This Standard is issued by the Council of the Institute of Company Secretaries of India and may be called the Secretarial Standard-4 (SS-4) on ‘Report of the Board of Directors’. The Secretarial Stand...

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Posted Under: Service Tax |

Insolvency and Bankruptcy Board of India- Few things to know

The present situation of IL&FS is similar to “Lehman Brothers crisis” that happened way back in 2008.In the present time what has happened in IL&FS cannot be undone but the need of the hour is to find recourse for IL&FS....

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Posted Under: Service Tax |

Does additional fees waiver amount to compliance of Section 92/137 as well?

Every Company under Companies Act, 2013 are required to file its Financial Statements in prescribed form within 30 days and its Annual Return within 60 days of its Annual General Meeting. The Compliance of this section is very important and delay in filing of Forms under Section 92 or Section 137 have 2 major concerns: […]...

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Posted Under: Service Tax |

Simple Analysis on Removal of Director from Company

As per Company Act Shareholders can Remove a Director from the Company before the expiry of his tenure, except appointment by Central Govt.  Removal requires filing of same with MCA, Roc scrutinizes every removal with care. A company may, by ordinary resolution, remove a director, not being a director appointed by the Tribunal under s...

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Posted Under: Service Tax |

Date extended for implementation of Track & Trace system for drug formulation export

Public Notice No. 43/2015-2020-DGFT (01/11/2018)

The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 01.07.2019 for both SSI and non SSI manufactured drugs....

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Residential colony expenses – Eligibility of ITC

With a lot of hue and cry about 20th Sep ’18 being the last date for claiming the input tax credit (ITC) for the FY 2017-18, there has been an attempt to reconcile the tax credits as per books and that as claimed in Form GSTR-3B. ...

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Posted Under: Service Tax |

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