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Archive: 11 April 2019

Posts in 11 April 2019

Extension of Custom duty exemption on Light Combat Aircraft Programme

April 11, 2019 384 Views 0 comment Print

CBIC amends notification No. 39/96-Customs dated 23.07.1996 so as to extend the exemption provided to the Light Combat Aircraft Programme of the Ministry of Defence till 31.06.2019 vide Notification No. 12/2019-Customs Dated 11th April, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019-Customs New Delhi, the 11th April, 2019 G.S.R. (E).- […]

Extension of validity of Pre-shipment Inspection Agencies to 30.06.2019

April 11, 2019 516 Views 0 comment Print

Validity of the Pre-shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, whose validity expires on or before 30.06.2019, is extended up to 30.06.2019.

American Taxation- Individual tax return 2018; changes in Form 1040

April 11, 2019 1434 Views 0 comment Print

30 years is too small a time for a nation but for a tax payer in USA, the tax return for individual for the year 2018, popularly known as 1040 has been changed forever. With lot of discussions and clarity, and building block approach, as Internal Revenue Service, the income tax wing of American Government […]

Opening of Foreign Currency a/c by Re-insurance & Composite Insurance brokers

April 11, 2019 378 Views 0 comment Print

Re-insurance and composite insurance brokers registered with IRDA may open and maintain non-interest bearing foreign currency accounts with an AD bank in India for the purpose of undertaking transactions in the ordinary course of their business.

Brief on Rajasthan Real Estate (Regulation & Development) Rules, 2017

April 11, 2019 3996 Views 0 comment Print

In exercise of the powers conferred by section 84 of the Real Estate (Regulation and Development) Act, 2016 (Central Act No. 16 of 2016), the State Government, has made the Rajasthan Real Estate (Regulation and Development) Rules, 2017 enacted from May 1, 2017. FORMS (Link to download forms – http://rera.rajasthan.gov.in/Home/DownloadForm) Form A (see rule 3(2)):- […]

Technology Committee for Mutual Funds / Asset Management Companies

April 11, 2019 555 Views 0 comment Print

In order to deal with various technology related issues, AMCs are advised to constitute a Technology Committee comprising experts proficient in technology. Such committee shall have atleast one independent external expert with adequate experience in the area of technology in Mutual Fund industry / BFSI.

System Audit framework for Mutual Funds / AMCs

April 11, 2019 3078 Views 0 comment Print

Considering the importance of systems audit in technology driven asset management activity and to enhance and standardize the systems audit, revised guidelines in this regard are placed at Annexure 1. These guidelines are indicative and not exhaustive in nature. On the date of issuance of this circular, SEBI Circular SEBI/IMD/CIR No.9/176988/2009 dated September 16, 2009 shall stand rescinded.

New Form DPT-3- One Time Compliance for All Companies

April 11, 2019 10965 Views 10 comments Print

Drastically praiseworthy change vide Companies (Acceptance of Deposits) Amendment Rules, 2019 As per new amendment Rule 16, it is hereby clarified that Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both, Rule 16A, every company  other than Government Company shall file a onetime return […]

GST Invoice and GST Invoice Number

April 11, 2019 242391 Views 17 comments Print

In general terms, an invoice is a commercial instrument which is being issued by a seller to the buyer. Invoicing plays a very crucial role and is of high importance under GST. Generally, the registered taxable person under GST is required to prepare tax invoice, however, other forms of invoices relevant under GST are mentioned hereunder

Fees for certified copies sought under RTI cannot be charged under CS Act, 1980

April 11, 2019 9501 Views 0 comment Print

Avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act and in Company Secretaries Act, 1980. We are cognizant of the fact that guidelines of the appellant, framed by its statutory council, are to govern the modalities of its day-to­day concerns and to effectuate smooth functioning of its responsibilities under the Company Secretaries Act, 1980.

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