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Circulars

Cost Accountants can issue certificates for Mismatch in GSTR-1 & GSTR-3B

September 19, 2018 1866 Views 0 comment Print

It may be recalled that vide Circular 12/2018-Customs dated 29-05-2018, Board had provided interim solution to the problem faced by the exporters whose records were not transmitted from GSTN to Customs due to mismatch in GSTR 1 and CSTR 3B. The interim solution was subject to undertakings/submission of CA certificates by the exporters as given in Circular 12/2018-Customs and post refund audit scrutiny.

Amendment to SEBI (Credit Rating Agencies) Regulations, 1999 & Circular

September 19, 2018 567 Views 0 comment Print

Cases of requests by an issuer for review of the rating(s) provided to its instrument(s) shall be reviewed by a rating committee of the CRA that shall consist of majority of members that are different from those in the Rating Committee of the CRA that assigned the earlier rating, and at least one-third of members are independent.

RBI liberalises ECB policy on Rupee denominated bonds

September 19, 2018 855 Views 0 comment Print

It has been decided, in consultation with the Government of India, to liberalise some aspects of the ECB policy including policy on Rupee denominated bonds as indicated below:

Amendment to SEBI (Credit Rating Agencies) Regulations, 1999

September 19, 2018 747 Views 0 comment Print

Amendment to SEBI (Credit Rating Agencies) Regulations, 1999 and modification to SEBI Circular dated May 30, 2018. A. Securities and Exchange Board of India (Credit Rating Agencies) (Second Amendment) Regulations, 2018

New LCs for export of goods by road to Nepal or Bangladesh

September 17, 2018 2460 Views 0 comment Print

Kind attention is drawn to Circular No. 52/2017 dated 22.12.2017 whereby the Board had prescribed the procedure for facilitating and monitoring transshipment of consignments sealed under ECTS at ICDs/CFSs and destined for export to Nepal or Bangladesh.

IBBI Circular on Voting in Committee of Creditors

September 14, 2018 3978 Views 0 comment Print

A dissenting financial creditor means a fmancial creditor who voted against the resolution plan or abstained from voting for the resolution plan, approved by the CoC. In this background, an issue has been raised whether a financial creditor

MCA to revise Form BEN-1 and notify new due date of filing

September 10, 2018 25737 Views 0 comment Print

Form No. BEN-1 would be revised. As such, the due date of  10th September, 2018 for filing BEN-1 declaration would be revised and a revised BEN-l form would be notified shortly. General Circular No. 08/2018 F.No.01/01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road. New Delhi Dated: 10.09.2018 […]

Benami GST Registration – measures to prevent evasion of tax

September 7, 2018 11583 Views 0 comment Print

The registration procedure under Goods and Services Tax Act is simplified with the objective of ease of doing business. After online application, the applicant is deemed registered within 3 days. Therefore, since Oct 2017 in every Quarterly Performance Report, it has been specifically instructed to field officers to verify the new registrations in their respective jurisdiction.

MCA extends last date of filing Form BEN-2

September 6, 2018 23166 Views 0 comment Print

Time limit for filing the BEN-2 form would be 30 days from the date of deployment of BEN-2 e-form on the MCA-21 portal and no additional fee shall be levied if the same is filed within 30 days from the date of deployment of the said e-form. General Circular No. 07/2018 F.No.01/01/2018-CL-V GOVERNMENT OF INDIA […]

20th Sea port added to facilitate 24×7 Customs clearance

September 5, 2018 1125 Views 0 comment Print

Kind reference is invited to Board’s Circular No. 19/2014 dated 31.12.2014 and 01/2016-Customs dated 6th January, 2016 on the subject cited above vide which the facility of 24×7 Customs clearance was made available at the 19 sea ports besides 17 Air Cargo Complexes.

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