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Archive: 05 September 2019

Posts in 05 September 2019

Expense allowable on accrual of liability for payment or expenditure

September 5, 2019 10803 Views 0 comment Print

Hon’ble High Court of Kerala which held that an expenditure to be incurred in future in respect of a liability that accrued during the related accounting would be eligible for a deduction. 

Case Studies for Intricacies of Outward Supply under GST Annual Return

September 5, 2019 2952 Views 5 comments Print

GST Annual return date has again been extended upto 30 Nov 2019 for the year 2017-18 due to low return filing status by the assesses and request from various organizations to extend the due date due to various complexities and lack of clarity in GST annual return and reconciliation format. Different professionals, authors, speakers on […]

DGFT Amends import policy of Chlorotrifluoroethene

September 5, 2019 447 Views 0 comment Print

Central Government hereby amends the import policy of Chlorotrifluoroethene (CTFE) under HS Code 2903 77 90 of Chapter 29 of ITC (HS), 2017 — Schedule — I (Import Policy).

Is it really a “RECESSION” or a “REALITY”? 

September 5, 2019 3831 Views 5 comments Print

Everyone is talking about Recession and we heard this quite often in different parts of world and for different economies or Industries, in last couple of decades. Be it post mortgage crisis or current economic downturn we all are facing slow down. Even economists and analysts are discussing and predicting more recession for India now.

DGFT amends import policy of Iron & Steel

September 5, 2019 12123 Views 1 comment Print

Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86of ITC (HS), 2017, Schedule — I (Import Policy). Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 17/2015-2020-DGFT New Delhi, Dated: 5 September, 2019 Subject: Amendment in […]

CBIC notifies Rate of Exchange of Foreign Currencies wef 06.09.2019

September 5, 2019 1128 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 6th September, 2019 notified vide Notification No. 63/2019–Customs (N.T.) dated 5th September, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.63/2019 – Customs (N.T.) New Delhi, dated the 5th September, 2019 14 Bhadrapada, 1941 (SAKA) […]

Eligibility Criteria for availing of DPD Scheme by Importers -reg

September 5, 2019 5826 Views 0 comment Print

CBIC has felt the need for providing general guidelines / eligibility criteria so that reach of DPD could be made maximized. Importers who have so far not availed the benefit of DPD for reasons including lack of awareness, may now join this program with certainty.

ICSI Request for inclusion of CS in Definition of “Accountant”

September 5, 2019 1962 Views 0 comment Print

We request your goodself to kindly consider amendment in the explanation to section 288(2) of the Income Tax Act,1961 so as to include the Company Secretaries as defined under clause (c) of sub-section (1) of section 2 of the Company Secretaries Act,1980 who shall be deemed ‘to be in practice ‘ under sub-section (2) of section 2 of the Company Secretaries Act,1980 in the definition of ” Accountant”.

Allow access of Central University’s library for students and members of ICSI

September 5, 2019 735 Views 0 comment Print

THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) Academics:Lib:2019/3 August 28, 2019 Shri Dhotre Sanjay Shamrao Hon’ble Minister of State for FIRD Government of India 126-C, Shastri Bhawan, New Delhi Respected Sir, Sub: Request for access […]

Recognize CS equivalent to Post Graduate degree to Appear in UGC-NET: ICSI

September 5, 2019 9315 Views 1 comment Print

Request for recognition to Company Secretaryship Qualification as equivalent to Post Graduate degree for Appearing in UGC-National Eligibility Test (NET) for becoming eligible for Assistant/Associate Professor/Professor

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