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ICAI issued Show Cause Notices to Auditors of PNB & Gitanjali Gems

February 23, 2018 16005 Views 5 comments Print

The Disciplinary Directorate of ICAI has issued Show Cause Notices to all Central Statutory Auditors of PNB. Similarly, Central Statutory Auditors who have done quarterly review of PNB have also been issued Show Cause Notice. Auditor of Gitanjali Gems Ltd., has also been issued the Show Cause Notice in the matter.

CBEC notifies BCD Rate on various goods for cellular mobile phone

February 23, 2018 1128 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on All goods [other than screw (7318 15 00) and SIM socket / Other Mechanical items (Metal) (7326 90 99) for cellular mobile phone]

Reg. Anti dumping duty on import of Toluene Di-Isocyanate

February 23, 2018 585 Views 0 comment Print

No Anti dumping duty on import of on imports of Toluene Di-Isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP for the period commencing from the date of the lapse of the provisional anti-dumping duty, that is, the 5th December, 2017 to 22nd January, 2018.

Conduct of Assessment Proceedings in scrutiny cases electronically-reg.

February 23, 2018 2007 Views 0 comment Print

As per the above instructions the list of the income tax buildings which have limited bandwidth are given in Annexure- A { List of 156 income tax buildings on VSAT} and Annexure –B { List of 212 other income tax buildings which are in the process of up gradation and expected to be completed by 31-03-2018).

Notification No. 2/2018-Customs (N.T./CAA/DRI), Dated: 23.02.2018

February 23, 2018 951 Views 0 comment Print

Notification No. 2/2018-Customs (N.T./CAA/DRI) 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

How to lodge complaint/issue on GST Grievance Redressal Portal

February 23, 2018 7944 Views 0 comment Print

1. Taxpayers may access the Grievance Redressal Portal for GST at https://www.selfservice.gstsytem.in/ 2. Enter the keyword related to issue/complain being faced by you in the Type of Issue/Concern box.

PNB clarifies on Nirav Modi Statement on making Fraud Public

February 23, 2018 38229 Views 4 comments Print

PNB closed all option to recover dues by going public: Nirav Modi.- We have followed lawful avenues available to us as per law of land to recover our dues.

JCIT cannot give Approval U/s. 153D in a mechanical way

February 23, 2018 1869 Views 0 comment Print

Joint Commissioner has failed to grant approval in terms of section 153D of the Act i.e., after application of mind but has rather carried out exercise in utmost haste and in a mechanical manner and, therefore, the approval so granted by him is not an approval which can be sustained.

Gyaneshwar Kumar Singh appointed as Ex-officio Member in IBBI

February 22, 2018 681 Views 0 comment Print

Central Government hereby appoints Shri Gyaneshwar Kumar Singh, Joint Secretary, Ministry of Corporate Affairs as ex-officio member in the Insolvency and Bankruptcy Board of India vice Shri Amardeep S. Bhatia, Joint Secretary.

SEBI specifies new methods to achieve minimum public shareholding

February 22, 2018 3384 Views 0 comment Print

With a view to further facilitate listed entities to comply with the minimum public shareholding requirements, the following additional methods are allowed :- a) Open market sale: Sale of shares held by the promoters/promoter group up to 2% of the total paid-up equity share capital of the listed entity in the open market, subject to five times’ average monthly trading volume of the shares of the listed entity;

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