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FAQs: Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019

July 20, 2019 6558 Views 0 comment Print

Certain queries have been received from the Departmental Authorities as well as the Trade on Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019 . In view of these queries following clarification is issued in the form of FAQs. Office of the Commissioner of State Tax, Maharashtra State 8th Floor, GST […]

Insider Trading- Reporting of violations related to Code of Conduct

July 19, 2019 2673 Views 0 comment Print

With an objective to standardize the process relating to dealing with such violations of the Code of Conduct, all listed companies, intermediaries and fiduciaries shall: a. Report such violations by the designated persons and immediate relatives of designated persons in the standardized format to SEBI, as placed at Annexure A.

Guidelines for Disposal of Muriate of Potash (MoP) Seized/Confiscated by Customs

July 19, 2019 1041 Views 0 comment Print

The field formations may get the stock of seized/ confiscated MoP inspected by the Fertilizer Inspector of Central Fertilizer Quality Control and Training Institute (CFQCTI), Faridabad and its 3 Regional Fertilizer Testing Laboratories at Chennai, Kalyani Distt. Nadia (West Bengal) and Navi Mumbai, to ascertain whether it is Standard Grade Fertilizer or Non-Standard Grade Fertilizer

Revised Procedure and formats for limited review of listed entity

July 19, 2019 17289 Views 0 comment Print

Revised Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD1/ 80 /2019 July 19 , 2019 To All listed entities (whose equity shares and convertible securities are listed) All the […]

Changes in disclosure norms of divergence in asset classification & provisioning by banks

July 17, 2019 1095 Views 0 comment Print

Vide Circular No. SEBI/CIR/CFD/CMD/80/2017 dated July 18, 2017, it was specified that banks which have listed specified securities shall disclose to the stock exchanges, divergences in the asset classification and provisioning wherever the additional provisioning requirements assessed by RBI/ the additional Gross NPAs identified by RBI exceeded a certain threshold.

SEBI amends formats for Compliance Report on Corporate Governance

July 16, 2019 10011 Views 0 comment Print

SEBI amends  formats for Compliance Report on Corporate Governance as per Annexure I, II and III to this circular are being prescribed:- Annex – I – on quarterly basis; Annex – II – at the end of a financial year (for the whole of financial year); Annex – III – within six months from end […]

LPCOs not allowed to be uploaded on eSANCHIT w.e.f 01/08/2019

July 16, 2019 3234 Views 0 comment Print

Since the facility to upload the LPCOs is now being fully made available to these 16 new PGAs, therefore, the beneficiaries i.e. importer/exporters/customs brokers would not be allowed to upload the previously issued LPCOs on eSANCHIT w.e.f 01/08/2019. Further, to facilitate the members of the trade (beneficiaries), the PGAs are required to upload the LPCOs […]

DGFT to take Action for recovery of penalty, pending Appeals/Reviews

July 12, 2019 2382 Views 0 comment Print

Therefore, all the Adjudicating Authorities in RAs and SEZs are advised to review such cases where adjudication orderswere passed by them and penalty has been imposed. Recovery of penalties should be immediately initiated by the Adjudicating Authorities where no stay has been granted by the Appellate Authority/Reviewing Authority or any court of law.

Payment of third Installment under Income Declaration Scheme, 2016

July 12, 2019 4233 Views 0 comment Print

Issues in respect of payment of third installment under the Income Declaration Scheme, 2016- clarification on certain procedural issues under section 195 of the Income Disclosure Scheme, 2016 read with section 119 of the Income-tax Act, 1961-reg.-

Provisions in Cenvat Credit Rules 2004 regarding reversal of credit

July 5, 2019 6942 Views 0 comment Print

Is reversal under rule 6(3) of the Cenvat Credit Rules 2004 additionally required for all the services specified in notification 26/2012-Service Tax dated 20-6-2012?

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