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New E-Com module for SEIS, ANF 3B to be available from 20.09.2018

August 29, 2018 2202 Views 0 comment Print

There is some delay due to testing of the module as this is a new module. The testing is in progress. Therefore, the exporters/ members of trade are requested to apply in the online module for SEIS only after 20.09.2018. Trade Notice No. 28/2018-19, Dated: 29th August, 2018

Notification No. 16/2018-Customs (N.T./CAA/DRI), Dated: 29.08.2018

August 29, 2018 801 Views 0 comment Print

S.O. (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of India, Extra-ordinary, Part-II, section 3

Sharing of cases booked by Customs field formations under Information Sharing Protocol with MB

August 29, 2018 1428 Views 0 comment Print

During the ‘Working Group on Intelligence Apparatus’ meeting held on 26.03.2018, it was noted by the Finance Secretary that information sharing has become sporadic and a matter of pick and choose and that it is absolutely essential that intelligence sharing should be a continuous process and not something that is negotiable/discretionary.

Report of the Committee to review offences under Companies Act, 2013

August 29, 2018 1962 Views 0 comment Print

Report of the Committee to review offences under Companies Act, 2013 attempts to make an objective assessment of the existing regulatory framework under the Companies Act, 2013 and makes recommendations to be able to achieve a marked improvement in corporate compliance. In order to ensure that serious offenders are brought to book, it is necessary […]

Quick Insight on GST – Hospitality Industry

August 28, 2018 40680 Views 5 comments Print

The Indian hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Due to the variety of businesses, the hospitality industry is usually one of the largest revenue producers for countries. The growth in the hospitality sector and its contributions to the GDP will continue to be substantially higher than other sectors of the economy on the back of huge tourism potential in the country.

P&H HC taken note of non issue of VAT Refund despite Order to refund

August 28, 2018 1143 Views 0 comment Print

State is not refunding the amount due to the assessees despite there being orders passed in their favour or otherwise they were found entitled to the same, we direct the Financial Commissioner, Taxation, Punjab to appear in person in Court so that this avoidable litigation can be checked. He shall apprise this Court about the time frame within which refunds due to the assessees will be processed and all pending refund applications will be disposed of and the amount will be paid to the assessees.

Recommendations related to corporate compliance and governance

August 27, 2018 1122 Views 0 comment Print

Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley. Recommends Restructuring of Corporate Offences to relieve Special Courts from adjudicating routine offences; De-clogging the NCLT. Made several recommendations related to corporate compliance and corporate governance

Implementation Guide to Standard on Auditing (SA) 610 (Revised)

August 27, 2018 1773 Views 0 comment Print

Implementation Guide to Standard on Auditing (SA) 610 (Revised)- Using the Work of Internal Auditors Standards on Auditing issued by the Institute of Chartered Accountants of India lay down the fundamental principles of relevant aspects of audit to be followed by auditors in their audit engagements. It is essential that auditors understand and implement these […]

Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016

August 27, 2018 1761 Views 0 comment Print

Insolvency and Bankruptcy Laws Group jointly with the Indian Institute of Insolvency Professionals of ICAI (IIIPI) has decided to bring out a publication on Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016 in the form of a series. The Series 1 is being brought out with this publication.

How to increase your Money Blueprint

August 27, 2018 2799 Views 1 comment Print

All of us have a personal money blueprint ingrained within our subconscious mind that determines our financial health. Just like the blueprint of a house defines what the house will finally look like, our money blueprint defines our relationship and experience with Money.

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