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Archive: 13 March 2019

Posts in 13 March 2019

Notification No. 9/2019-Customs (N.T./CAA/DRI), Dated: 12.03.2019

March 13, 2019 438 Views 0 comment Print

Notification No. 9/2019-Customs (N.T./CAA/DRI) In the Table to the said notification, against serial number 7, in column 5 for the existing entry Principal Commissioner/ Commissioner of Customs, Nhava Sheva-I, Mumbai Zone-II, Jawaharlal Nehru Custom House, Raigad shall be substituted.

Notification No. 8/2019-Customs (N.T./CAA/DRI), Dated: 12.03.2019

March 13, 2019 330 Views 0 comment Print

Notification No. 8/2019-Customs (N.T./CAA/DRI) In the Table to the said notification, against serial number 26, in column 5 for the existing entry Principal Commissioner/ Commissioner of Customs, Noida Customs Commissionerate, Noida shall be substituted.

Stock Market – It Can Make You or It Can Break You…!!!

March 13, 2019 525 Views 0 comment Print

Once when I was traveling in a cab passing by the Fountain area in Mumbai with my Uncle & suddenly I saw in front of me, a huge building having three alphabets shining on the top of it. It was not the first time that I saw those three alphabets together, I had seen that […]

Checklist for form INC-22A- Active & Penalty for non/late filing

March 13, 2019 16092 Views 0 comment Print

Filing Fees – NIL, Processing – STP, Due date: 25th April 2019, to be signed by: Director/KMP and certified by Practicing professional. Consequences on non-filing: Companies will be marked as “ACTIVE-non-compliant” and following forms cannot be filed- (i) SH-07 (Change in Authorized Capital); (ii) PAS-03 (Change in Paid-up Capital); (iii)DIR-12 (Changes in Director except cessation); […]

No GST reduction on Little Stars Dhoti so profiteering allegation not sustainable

March 13, 2019 1224 Views 0 comment Print

State Level Screening Committee on Anti-Profiteering Vs M/s Ramraj Handlooms (NAA) In this case there was no reduction in the rate of tax on ‘Little Stars Dhoti’ w.e.f. 01-07-2017 and that the rate of tax in the Post-GST era has also been increased from CST @ 2% to IGST @ 5%. therefore, the allegation of […]

Analysis of Exposure Draft Ind AS 116

March 13, 2019 1182 Views 0 comment Print

Introduction to Exposure Draft Ind AS 116 Sets out principles for the recognition, measurement, presentation and disclosure of leases Objective to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions Proposed to be effective from 1st April 2019 Supersedes Ind AS 17 Major Changes Lessee Accounting Introduces Single […]

Bogus GST Bill: Gujarat High Court grants Bail to CA Student

March 13, 2019 6204 Views 0 comment Print

Madhav Gopaldas Shah Vs State of Gujarat (Gujarat High Court) In a Bogus GST Billing Case Submission of learned senior advocate for the applicant that the applicant is a young person pursuing studies in Chartered Accountancy and was employed under the co-accused Hitendra Shah. . Learned advocate appearing on behalf of the applicant submits that […]

34th GST Council Meeting Date Announced

March 13, 2019 3369 Views 0 comment Print

34th GST Council Meeting is scheduled to be held on 19th March 2019 (Tuesday) by Video Conferencing. It is expected that the decision will be taken on GST rates for lottery, which was not been taken during 33rd GST Council Meeting.

Advance Tax Under Income Tax – A Complete Guide

March 13, 2019 63996 Views 5 comments Print

With the soon emerging payment of last installment of advance tax for the current financial year 2018-2019, which is due on 15th March for all the assessee (other than 44AD and 44ADA assessee) and 31st March for assessee who are paying tax under section 44AD and 44ADA, let understand the entire concept of advance tax […]

Obtain Valuation Reports after 1st Feb 2019 only from valuer Registered with IBBI

March 13, 2019 34965 Views 3 comments Print

Valuation Reports after 1st Feb 2019 has to be obtained only from Registered Valuers registered with IBBI Position before commencement of these rules and Transitional Arrangement: Until effectiveness of section 247 of the Companies Act, 2013, the Valuation in case of Merger & Amalgamation has been done by Independent Merchant Banker registered with SEBI or […]

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