"25 April 2019" Archive - Page 3

New enhancements in e-Way Bill System w.e.f. 23-Apr-19

1. Auto calculation of distance based on PIN Codes of Source & Destination a. Users are allowed to increase it by maximum of 10% b. If both the PINs are same, he can put maximum of 100KM c. If PIN entered is invalid/Not recognized, enter manually, but the same shall be flagged to the department […]...

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Addition of bogus share capital merely for non- production of directors unjustified

ITO Vs Blisswood Green Infrastructure and Developers Pvt. Ltd. (ITAT Delhi)

Addition under section 68 on account of bogus shre capital was unjustified as the identity and creditworthiness of share subscribers and genuineness of receipt of share capital stood established and non-production of directors of subscriber companies could not be a sole ground to make addition....

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MVAT: Submission of details of sales through Online Ledger Confirmation Utility

Trade Circular No. 15T of 2019 25/04/2019

Office of the Commissioner of Sales Tax, (GST),  8th floor, GST Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR No: ACST (VAT)-3/Led. Confirmation/SAP/2018-19/B- 535 Mumbai, Dt 25/04/19 Trade Circular No. 15T of 2019 Subject : Submission of details of sales through Online Ledger Confirmation Utility.. Reference : Trade Circular No. 30T ...

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Model Code for Meetings of Non-Corporate Entities by ICSI

Companies deals with more stringent regulations as compared to Non-corporate Entities which majorly pursue common objectives or formed to provide benefits/services to its members. Non-corporate Entities may be incorporated in the form of society, trust, club, welfare association, civic bodies etc. Usually the Governing Body/Council of Non...

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Analysis of Banning of Unregulated Deposit Schemes Ordinance 2019

MCA has vide its notification dated 21st February, 2019 notified an ordinance for banning the Unregulated Deposit Scheme with immediate effect. Ordinance is named ‘The Banning of Unregulated Deposit Schemes Ordinance, 2019‘. Deposit– Deposit means an amount of money received by way of an advance or loan or in any other...

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SC decision on PF calculation lowered take home Salary

For employees with monthly pay of less than Rs 15,000, however, inclusion of all allowances in wages for PF calculation would result in a lower take-home salary. For employees with monthly pay of more than Rs15,000, Calculation of PF for Employer Contribution will be restricted to 12% of Rs. 15,000 only. So there will be no impact for su...

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