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Mandatory implementation of e-SANCHIT w.e.f. 01.04.2018- reg

March 31, 2018 1836 Views 0 comment Print

Attention of all the Importers, Customs Brokers, other stake holders and members of the trade is invited to Public Notice No. 31/2018 dated 29.12.2017, issued by JNCH, wherein it was made obligatory to upload the supporting documents through e-SANCHIT facility for all the bills of entry filed in JNCH w.e.f. 15.03.2018.

LLP & LLP partners liable to pay PT in Maharashtra from 01.04.2018

March 31, 2018 76875 Views 4 comments Print

Maharashtra Profession Tax Act amended from 1.4.2018. Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs. 2,500/- per annum

E Way Bill compulsory From 1st April 2018 for Inter State Movement of Goods

March 30, 2018 21444 Views 9 comments Print

The Center Government vide its notification No. 15/2018, dated 23.03.2018, appoints the 1st day of April 2018, as the date from which the provisions of sub-rules (ii) (other than clause (7), requirement of consolidated e-way bill if the aggregate consignment value exceeded Rs. 50,000 by the transporter)

Uncertainties for Merchant Exporters under GST Regime continues?

March 30, 2018 11346 Views 2 comments Print

The introduction of GST was much awaited among the businesses, authorities and consultants for being a simple and reformed indirect tax legislation. However, even after more than 9 months since its introduction, the export business is still suffering due to uncertainties around the provisions.

President assents Payment of Gratuity (Amendment) Act, 2018

March 29, 2018 47295 Views 30 comments Print

(1) This Act may be called the Payment of Gratuity (Amendment) Act, 2018. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Govt notifies maximum maternity leave of 26 weeks for Gratuity

March 29, 2018 8445 Views 0 comment Print

Central Government hereby specifies for the purposes of the said clause that the total period of maternity leave in the case of a female employee shall not exceed twenty-six weeks.

Revised SA 299 Joint Audit of Financial Statements

March 29, 2018 40296 Views 1 comment Print

The practice of appointing more than one auditor to conduct the audit of large entities is followed for a longtime, sometimes voluntarily by the shareholders or sometimes due to the requirements of laws or regulations.

Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018

March 29, 2018 77601 Views 16 comments Print

Central Government hereby appoints the 29th day of March, 2018 as the date on which Payment of Gratuity (Amendment) Act, 2018 shall come into force.

Govt. increases maximum gratuity limit to Rs. 20 Lakhs

March 29, 2018 152877 Views 33 comments Print

Government vide notification S.O. 1420 (E) dated 29.03.2018 increased the limit of amount of gratuity payable to an employee under sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972) from from the existing limit of Rs. 10 Lakh to Rs. 20 Lakhs.

AO should electronically process return pushed to it by CPC : CBDT

March 28, 2018 3636 Views 0 comment Print

The returns pushed to the Assessing Officer for processing by the CPC are required to be processed electronically on the ITBA. However, in exceptional circumstances, whenever returns cannot be processed because of technical difficulties in functioning of ITBA, in order to provide an uninterrupted taxpayer service, the Assessing Officer can also manually process the return that is pushed to them by the CPC with prior administrative approval of Pr. CIT.

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