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Business entity liable to service tax on services provided by senior advocates

June 6, 2016 5581 Views 0 comment Print

In relation to service provided or agreed to be provided by a senior advocate by way of representational services before any court, tribunal or authority, directly or indirectly, to any business entity located in the taxable territory, including where contract for provision of such service has been entered through another advocate or a firm of advocates, and the senior advocate is providing such services, the recipient of such services, which is the business entity who is litigant, applicant, or petitioner, as the case may b

CBEC notifies Tax Exemption on legal services provided by senior advocates

June 6, 2016 11482 Views 0 comment Print

CBEC exempted services provided by a senior advocate by way of legal services to- (i) any person other than a business entity; or (ii) a business entity with a turnover up to rupees ten lakh in the preceding financial year

Reg. Furnishing of AIR by State Electricity Agencies

June 6, 2016 1636 Views 0 comment Print

As per Rule 3 of said Rules, a State Electricity Board or an electricity distribution or transmission licensee under the Electricity Act 2003, or any other entity entrusted with such functions by the Central Government or State Government, who is duly authorised by such State Electricity Board or an electricity distribution or transmission licensee or other entity (hereinafter referred to as State Electricity Agency).

100 Companies in whose schemes investors should not invest

June 6, 2016 5896 Views 0 comment Print

Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against certain entities and its Directors (listed below), carrying on unregistered CIS.

List of 235 Companies who violated Deemed public issue norms

June 6, 2016 4234 Views 0 comment Print

Under Companies Act, 2013, Private Placement shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe. Further, in case of private placements, the company shall not release any public advertisements or utilise any media, marketing or distribution channels or agents to inform the public at large about such an offer.

ICAI takes action against 4 Members for Misconduct

June 6, 2016 21280 Views 3 comments Print

ICAI has vide its Notifications dated 06th June 2016 notified the action taken for Professional and Other Misconduct rules against Ms. Sunita Shamsunder Narang (Membership No. 046574), Shri N. Sundararajan (Membership No. 021341),Shri D. Sundararajan (Membership No. 010150) and Shri Mahendra Kumar Hingar (Membership No. 071300).

Definitive anti-dumping duty on Polytetrafluoroethylene

June 6, 2016 1090 Views 0 comment Print

zSeeks to impose definitive anti-dumping duty on “Polytetrafluoroethylene (PTFE)” [Tariff Item 3904 61 00], originating in or exported from Russia, for a period of five years (unless revoked, superseded or amended earlier). GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23/2016-Customs (ADD) New Delhi, the 06th June, 2016 G.S.R. 574(E). – Whereas, […]

Reg. Import by Actual users holding registration certificate from RNI

June 3, 2016 1483 Views 0 comment Print

Actual users holding registration certificate from RNI can import item covered under Exim Code heading 4801 by filing bill of entry for home consumption or warehousing, at the time of import of goods.

Agencies Authorized to issue Certificate of Origin-Non-Preferential–reg.

June 3, 2016 1042 Views 0 comment Print

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (FTP), 2015-2020, the Director General of Foreign Trade hereby authorizes the following agencies to issue Certificate of Origin (Non-Preferential):

PAN applications via NSDL/UTIITSL representatives at ASK

June 3, 2016 5413 Views 1 comment Print

2. Nodal Officers have been appointed at the level of PAN service providers M/s NSDL eGov and M/s UTIITSL to facilitate field formations who have to establish PAN counters in ASK Centres.

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