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Archive: 08 January 2019

Posts in 08 January 2019

Import Policy & Policy Condition for new Electronics & IT Goods

January 8, 2019 1590 Views 0 comment Print

Import Policy on Notified Goods under Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2012, is laid down.

Direct Tax Collections for F.Y. 2018-19 up to December, 2018

January 8, 2019 1059 Views 0 comment Print

The provisional figures of Direct Tax collections up to December, 2018 show that gross collections are at Rs. 8.74 lakh crore which is 14.1% higher than the gross collections for the corresponding period of last year.

Provisional attachment not sustainable if dealer is not a fly by night operator

January 8, 2019 984 Views 0 comment Print

If the dealer is a fly by night operator or a habitual offender or does not have sufficient means to pay the dues that may arise upon assessment, such action may be justified. Such drastic powers under section 83 of the Act should not be exercised as a matter of course, but only after due application of mind to the relevant factors.

Empanelment of Concurrent Auditors with Syndicate Bank

January 8, 2019 51360 Views 15 comments Print

SYNDICATE BANK Selection of Concurrent Auditors for 2019-20 Information for applicants (Please read the following information before submitting the application) 1) Important Dates for emapnelment with Syndicate Bank Particulars Date Commencement of receiving applications 04.01.2019 Last date for submission of application for the year 2019-2020 20.01.2019 Link for submission of application www.syndicatebank.in 2) Eligibility Criteria […]

Exposure Draft Accounting Standard (AS) 18, Revenue

January 8, 2019 1620 Views 0 comment Print

1. The Standard shall be applied in accounting for revenue arising from the following transactions or events: (a) the sale of goods, (b) rendering of services, and (c) the use by others of entity resources yielding interest, royalties and dividends.

Exposure Draft: Accounting Standard (AS) 11 Construction Contracts

January 8, 2019 1620 Views 0 comment Print

The objective of this Standard is to prescribe the accounting treatment of revenue and costs associated with construction contracts. Because of the nature of the activity undertaken in construction contracts, the date at which the contract activity is entered into and the date when the activity is completed usually fall into different accounting periods.

Section wise analysis of amendments to GST Acts (w.e.f. 01.02.2019)

January 8, 2019 52341 Views 17 comments Print

 SECTION WISE ANALYSIS OF THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 AS NOTIFIED ON 30-08-2018 [44] Short title and commencement.  (1) This Act may be called the Central Goods and Services Tax (Amendment) Act, 2018. (2) Save as otherwise provided, the provisions of this Act shall come into force on such date as […]

Key Changes in Format of Annual GST Return

January 8, 2019 7437 Views 2 comments Print

Key Changes in Annual Return as compare to previous notified format of Annual Return As per the notification 74/2018 dated 31.12.2018 the new updated format is notified by the government in that notification following amendment/clarification are brought by the government: It is mandatory to file the GSTR1 and GSTR3B for the financial year 2017-18 before […]

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