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Procedure for insertion of New Director Name from back end

October 17, 2017 18294 Views 0 comment Print

Request letter signed by the Promoters/shareholders of the company explaining the facts and requesting for insertion of at least one director through back end of the MCA portal with the following attachments.

5 Recent FAQs on GSTR 3B, late fee for August 2017 & E-way bill

October 17, 2017 15690 Views 4 comments Print

Question 1: Do I still need to file other returns if I have filed GSTR- 3B? Answer: Yes Question 2. I was not able to file GSTR- 3B within the prescribed date. Can I do it now? Answer: Yes, but with payment of applicable interest and late fee. Late fee has been waived for the […]

Assigning Jurisdictional Power to Commissioner Rank Officers in a zone for deciding appeals pending as on 30.06.2017

October 17, 2017 1194 Views 0 comment Print

In pursuance of clause (b) of section 2 of the Central Excise Act, 1944 (1 of 1944) read with clause (55) of section 65B of the Finance Act, 1994 ( 32 of 1994), rule 3 of the Central Excise Rules, 2002 , rule 3 of the Service Tax Rules, 1994, and clause (e) of sub-section (2) of section 174 of the Central Goods and Service Tax Act 2017

CIC awards Compensation to RTI Applicant for 2 year delay in providing info

October 16, 2017 2514 Views 0 comment Print

Commission is convinced with the averment of the Appellant for having suffered gross detriment due to the delay of over 2 years in providing the information to him. Appellant deserves to be compensated on this account.

Judicial proceedings & records are public records and can be availed under RTI

October 16, 2017 2211 Views 0 comment Print

Judicial proceedings and records thereof are public records and the appellant has a right to secure desired information. After hearing the appellant and perusal of record, the Commission deems it fit to direct the respondent PIO to offer inspection of the judicial file to the appellant on a mutual convenient day and time.

Criteria for Settlement Mode of Commodity Derivative Contracts

October 16, 2017 657 Views 0 comment Print

In order to effectively discharge their hedging function, commodity derivative contracts must be anchored to their respective underlying physical markets. An appropriate settlement mode and/or presence of other supporting conditions play a crucial role in ensuring convergence of prices between the derivatives market and the spot market.

PML (Maintenance of Records) Fifth Amendment Rules, 2017

October 16, 2017 9441 Views 0 comment Print

Obtaining a certified copy by reporting entity shall mean comparing the copy of officially valid document so produced by the client with the original and recording the same on the copy by the authorized officer of the reporting entity in a manner prescribed by the regulator.

Revision of Remuneration payable to Statutory Auditors of RRBs

October 16, 2017 20844 Views 0 comment Print

The Finance Ministry revises remuneration for RRB statutory auditors, detailing audit fees, travel allowances, and expense norms for cost efficiency.

10 Procedural Difficulties still faced by Taxpayers under GST Law

October 14, 2017 8598 Views 8 comments Print

Applicability of GST to Composition in Transitional Period w.e.f. 01-07-2017: That window which was again opened till 30th September 2017 for shifting to Composition Scheme for those persons who have failed to migrate to Composition Scheme (Old migration cases) or failed to choose Composition scheme (Fresh registration) for any reason, has been made effective from 01-10-2017.

ITAT explains law on Levy of penalty U/s. 221(1)

October 14, 2017 12837 Views 0 comment Print

An assessee is liable to penalty under section 221(1) of the Act in a case in which the though the assessee has not paid the self assessment tax under section 140A, while filing the return of income, but revises the income, by filing revised return of income, and pays the tax on the revised return of income at the time of filing the revised return of income?

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