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DVAT – Submission of information in Form T-2 to come into force from 01st February, 2013

January 3, 2013 5330 Views 0 comment Print

Regarding submission of information in Form T- 2, shall in partial modification to the said notification, come into force with effect from the 01st February, 2013.

Commodity Codes under Gujarat VAT

January 3, 2013 19235 Views 14 comments Print

The State of Gujarat has shown significant interest in developing e-platform for Commercial Taxes (VAT) since last 2 years. Since December 2011, the e-Registration facility has been enabled and the procedure designed for online registration is absolutely clear and systematic approach. Not only that forms like 402-403, permissions for paying lump sum taxes under WCT Rules, WCT returns etc. have been made online and improvements in e-services is remarkable.

Public Notice No. 44 (RE-2012)/2009-2014, Dated: 02.01.2013

January 2, 2013 454 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby notifies following Chapter Offices of Federation of Indian Export Organizations (FIEO) in Appendix-2 of Handbook of Procedures-Volume 1 (Appendices and Aayat Niryat Forms), 2009-2014.

Public Notice No. 43 (RE-2012)/2009-2014, Dated: 02.01.2013

January 2, 2013 493 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Directorate General of Foreign Trade hereby makes following amendment in Handbook of Procedure.

SEBI : Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

January 2, 2013 772 Views 0 comment Print

This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992

Benefit of Rule 6(3) cannot be denied by applying Rule 6(4B) of Service Tax Rules

January 2, 2013 873 Views 0 comment Print

As per facts on record, the appellant is engaged in the manufacture of sugar and molasses falling under Chapter 78 of Central Excise Tariff Act. They are availing services of goods transport agency for receiving the inputs in the factory as also for clearing the final product from the factory. The appellant, as recipient of GTA services, are required to pay Service Tax.

New Features on ACES New Website

January 2, 2013 4434 Views 0 comment Print

1. A sub-menu Print Acknowledgement is available in each module to take a print of response/acknowledgment message at a later point of time. 2. Assessees can file ER7 return now through online, offline utility and xsd schema.

Modifications in ST 1 & ST 2 & New Accounting Codes for existing & New registrants

January 2, 2013 10615 Views 0 comment Print

Existing registrants: Those assessees, who had registered with the department after 01.07.2012 under the ‘Other than in the Negative List’ (OTNL) category should amend the taxable service details now and opt for relevant description/s from the list of 120 services. After approval by the departmental officer, a new Registration Certificate(ST2) will be issued online displaying the list of services chosen by the assessee along with the new Accounting Codes. The existing registration number will, however, remain unchanged.

CMA President Communique for January, 2013

January 2, 2013 1601 Views 0 comment Print

The present day businesses are run by brands. It may be in the form of name, symbol, term, sign, design or any combination of these and signifies the services of any business and differentiates it from another. Branding is the visual voice of any enterprise. We CMAs have a glorious history of service to the nation. This does not mean that we do not need a brand.

Individuals of Bangladesh need not to take prior approval of RBI for opening an NRO Rupee account

January 2, 2013 799 Views 0 comment Print

Opening of accounts by individual/s of Bangladesh nationality may be allowed by authorised dealer or authorised bank, subject to satisfying itself that the individual/s hold a valid visa and valid residential permit issued by Foreigner Registration Office (FRO)/ Foreigner Regional Registration Office (FRRO) concerned;

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