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Director of Visakhapatnam hotel arrested for failure to pay Service Tax

May 21, 2017 2790 Views 0 comment Print

Managing Director of a popular hotel of Visakhapatnam was arrested and remanded to judicial custody today for the failure to remit to the government an amount of Rs. 3 crores of service tax which was collected during the years 2011-16.

EVM Hack Challenge by Election Commission of India

May 21, 2017 3858 Views 0 comment Print

EVMs can be opened and only visually inspected during Challenge-II as this is allowed during First Level Check (FLC). However, EVMs cannot be opened during Challenge- I as EVMs are always kept sealed after the Poll till counting in actual poll scenario.

Comments/ Suggestions Invited for Existing Virtual Currencies Framework

May 20, 2017 807 Views 0 comment Print

The circulation of Virtual Currencies which are also known as Digital/ Crypto Currencies has been a cause of concern. This has been expressed in various fora from time to time. Reserve Bank of India had also cautioned the user’s, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to vide it’s press releases dated 24th December, 2013 and 1st February, 2017.

Have new NPA norms for Wholesale Long Term Finance Bank: ASSOCHAM to RBI

May 20, 2017 1329 Views 0 comment Print

ASSOCHAM has approached the RBI with a plea that the provisioning criteria for the non-performing assets (NPAs) in the case of proposed Wholesale Long- Term Finance (WLTF) banks should be based on stress tests of each of the funded projects, unlike the present standard provisioning norms due to a different nature of the long term, big ticket industrial or infrastructure projects to be covered by WLTF lenders.

‘Foreign Direct Investment Inflows- A Success Story’

May 19, 2017 2241 Views 0 comment Print

The Government in last three years has undertaken a number of reforms in different areas of economy. In this regard FDI policy reforms carried out by Government are nothing less than historic.

Standard Operating Procedure for cases of Missing Children

May 19, 2017 2304 Views 0 comment Print

This Standard Operating Procedure (SOP) envisages to assist Police, Child Welfare Committee and Juvenile Justice Board in dealing with the cases of missing and found or recovered children.

ITAT Directive on Fixing of Stay Applications for Hearing

May 19, 2017 1230 Views 0 comment Print

The Registry is directed to fix all the Stay Applications, whatever are received up to Wednesday in each week on the succeeding Friday before the respective Bench. This order be strictly followed.

Advertising by practicing CAs engaged in Coaching/ Teaching

May 19, 2017 6282 Views 2 comments Print

Members are advised to abstain from advertising their association with Coaching /teaching activities through hoardings, posters, banners and by any other means, failing which they may be liable for disciplinary action,

CERC Proposes To Introduce E-Hearing From June

May 19, 2017 1137 Views 0 comment Print

CERC, as part of the Digital India initiative, have launched a web-based e-filing portal on 4th April 2016, the Stakeholders and their Counsels are now filing petitions and submitting pleadings online on CERC e-Filing portal, after accessing the portal by entering their login credentials.

Final GST Composition Rules and Format of Forms

May 19, 2017 11865 Views 0 comment Print

Validity of composition levy- (1) The option exercised by a registered person to pay tax under section 10 shall remain valid so long as he satisfies all the conditions mentioned in the said section and these rules.

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