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Updation of SCOMET list classifying Export & Import Items

April 29, 2016 4699 Views 0 comment Print

Amendments/additions to Categories 0, 3 & 4 of SCOMET list [Appendix 3 to Schedule 2 of ITC(HS) Classification of Export & Import Items] have been notified.

Power to appoint inspectors to inspect of books & papers of a company-Reg.

April 29, 2016 2581 Views 0 comment Print

In exercise of the powers conferred by sub-section(1) of section 458 of the Companies Act(18 of 2013), the Central Government being satisfied that circumstances warrant, hereby delegates the powers to appoint inspectors for inspection of books and papers of a company under sub-section(5) of section 206, as ordered by Central Government , to the Regional Directors.

5 ways the data you fill online can be (Mis) used by websites

April 29, 2016 3880 Views 3 comments Print

Is this common for you to get unwanted calls? Every Time we get those calls when we are in middle of something. Very next question in our mind is how these people find our contact details? How? Did you entered your contact details somewhere? May be online

Delhi VAT: Competition amongst officers on relevant legal provisions

April 29, 2016 514 Views 0 comment Print

The participation in the competition shall be mandatory for all the aforesaid officers and based on the result of competition, the best performing officers shall be suitably rewarded along with a certificate of appreciation. The first competition shall be held on 1st June, 2016 and thereafter on 1st working day of every month.

Status Holder-Amendment in Para 3.20(b) of FTP 2015-20

April 29, 2016 3427 Views 0 comment Print

The criteria for recognition as status holder has been changed w.e.f 01.04.2016 to the exports in the current and previous three financial years from the existing criteria of current and previous two financial years. Forthe Gems and Jewellery Sectors the existing criteria of export performance in the current and previous two years shall continue.

Tariff Value Notification No. 60/2016-Cus (NT) dated 29.04.2016

April 29, 2016 1063 Views 0 comment Print

Vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 54/2016-Customs (N.T.), dated the 13th April, 2016, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O.1425(E), dated 13th April, 2016.

Notification No. 1/2016-Customs (SG) Dated: 29th March, 2016

April 29, 2016 2635 Views 0 comment Print

The safeguard duty shall not be imposed on the subject goods which are imported at or above the Minimum Import Price in terms of the notification of the Government of India in the Ministry of Commerce and Industry (Department of Commerce) (Directorate General of Foreign Trade) No. 38/2015-2020, dated the 5th February, 2016 published in the Gazette of India (Extraordinary), Part II, Section 3, Sub-section (ii) vide S.O. 391(E) dated the 5th February, 2016.

Delhi VAT: Form DVAT-16, DVAT-17 & DVAT-48 date extended to 16.05.2016

April 28, 2016 1798 Views 0 comment Print

In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005, I, S.S.Yadav, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of fourth quarter return for the year 2015-16, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure/enclosures to 16/05/20

Framework for computation of book profit for MAT levy on Ind AS compliant companies

April 28, 2016 3049 Views 0 comment Print

On the basis of the recommendations of the Committee on MAT-Ind AS, the Central Government has notified 10 ICDS vide Notification No. S.O.892(E) dated 31st March, 2015. With the approval of the Finance Minister , the above said Committee was also requested to suggest the framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies in the year of adoption and thereaf

Comparison between ICDS and AS & Changes due to ICDS in ITR

April 28, 2016 12220 Views 0 comment Print

Due to ICDS there are changes in ITR Form no. 4,5,6. Now assessee has to provide for 1. The Effect on the profit because of deviation , if any as per ICDS notified under section 145(2) in column Part A – OI at third no. 2. Now schedule of ICDS will be prepared which shows the Effect of ICDS on profit

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