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MVAT : Physical Submission of Audit Report in Form 704 for financial year 2012-2013

December 16, 2013 6864 Views 3 comments Print

The last date for electronic uploading of form e704, for the financial year 2012-2013, is 15th January, 2014 and the last date for submission of above documents is 25th January, 2014.

Delhi VAT : Filing of R.10 block of Form 1 for 2009-10,2010-11,2011-12 and 2012-13 and for 2nd Quarter return of 2013-14 – extension of period thereof

December 12, 2013 1544 Views 0 comment Print

Circular No.29 of 2013-14 – Sub: Filing of R.10 block of Form 1 for 2009-10,2010-11,2011-12 and 2012-13 and for 2nd Quarter return of 2013-14 – extension of period thereof.

Extension of warehousing and acceptance of LUT in place of Bank Guarantee for export warehousing for Status Holder Manufacturer Exporters – reg.

December 12, 2013 2196 Views 0 comment Print

conditions, procedures and safeguards applicable for storage in a warehouse registered at such places as may be specified by the Board and export therefrom regarding all excisable goods specified in the First Schedule to the Central Excise Tariff Act, 1985.

MVAT : Grant of refund -ITC denied due to purchases from non-filer supplier

December 11, 2013 3000 Views 0 comment Print

A dealer, who has become eligible for refund, due to the filing of returns and tax payment by his supplier (who was a non-filer earlier), need not apply for the refund. The refund shall be granted to the claimant dealer without any refund application after due verification on Mahavikas.

Circular No. 19/2013, dated 10/12/2013

December 10, 2013 1773 Views 0 comment Print

Ministry has received representations seeking clarification on disclosures to be made under section 182 of the Companies Act, 2013. The same have been examined. With the coming into force of the scheme relating to ‘Electoral Trust Companies’

SEBI : Exchange Traded Cash Settled Interest Rate Futures (IRF) on 10-Year Government of India Security

December 5, 2013 463 Views 0 comment Print

In consultation with RBI, after taking into account feedback from market participants and Stock Exchanges, it has been decided to permit stock exchanges to introduce cash settled Interest Rate Futures on 10-Year Government of India Security.

SEBI further simplified demat account opening process

December 4, 2013 2022 Views 0 comment Print

SEBI has taken a number of steps in the recent past to simplify the Account opening and KYC process in the securities markets. In continuation of the efforts in the same direction, it has now been decided in consultation with both the Depositories

SEBI : Illustrative format of Statement of Assets & Liabilities in SEBI (ICDR) Regulations, 2009

December 3, 2013 517 Views 0 comment Print

After the notification and implementation of the revised Schedule VI of Companies Act, 1956, the aforesaid format has been updated and brought in line with the requirements of the Companies Act, 1956.

Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of DVAT Act 2004

December 3, 2013 2060 Views 0 comment Print

Under section 86(1) Tax Deficiency means the difference between the tax properly payable by the person in accordance with the provision of this Act and the amount of tax paid by the person in respect of a calendar month.

SEBI : Circular on Infrastructure Debt Fund (IDF) Foreign Institutional Investors (FIIs) which are long term investors

November 29, 2013 520 Views 0 comment Print

It has been decided that regulated foreign feeder funds, having at all times, at least 20% of their assets under management held by investors belonging to one of more of the above categories of FIIs

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