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Posted On:  8 months ago


EPF- Special provision for Employees’ Enrolment Campaign, 2017

In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Provident Funds Scheme, 1952, namely

article author One Roof Consultant

Posted On:  8 months ago


Reg. administration expenses of Employees’ Deposit-linked Insurance

In pursuance of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees’ Provident Funds and Miscellaneous Provisions, Act, 1952 (19 of 1952), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Labour and Employment number

article author One Roof Consultant

Posted On:  8 months ago


Employees Pension (Seventh Amendment) Scheme, 2016

In exercise of powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1995, namely

article author One Roof Consultant

Posted On:  8 months ago


Declaration form to be filled up by NRIs for depositing Specified Bank Notes (SBNs) on arrival

In terms of Gazette Notification No 2652 dated November 08, 2016 issued by the Government of India, 500 and 1000 denominations of Bank Notes of the existing series issued by Reserve Bank of India (hereinafter referred to as Specified Bank Notes (SBNs) ceased to be legal tender with effect from November 09, 2016 to the extent specified in the said notification.

article author One Roof Consultant

Posted On:  8 months ago


Exchange of old notes for those who were out of India B/W 10.11.2016 to 30.12.2016

In terms of Section 4 (1) of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 of the Government of India dated December 30, 2016 and their Notification S.O. 4251(E) dated December 30, 2016 thereunder, the captioned facility has been formulated by the Reserve Bank to afford an opportunity to those Indian citizens who could not avail facilities of exchange of SBNs under the earlier facility, as they were not present in the country during No

article author One Roof Consultant

Posted On:  8 months ago


Notification No. 68/2016-Customs Dated 31st December, 2016

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), read with section 91 and section 94 of the Finance (No.2) Act, 2004 (23 of 2004),the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue)

article author One Roof Consultant

Posted On:  8 months ago


Withdraw BCD exemption, available to specified fabrics

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section

article author One Roof Consultant

Posted On:  8 months ago


CBEC amends 5 Notification related to imposition of Anti Dumping Duty

In exercise of the powers conferred by sub-section (1), read with sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) and rules, 18, 20 and 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column

article author One Roof Consultant

Posted On:  8 months ago


Receive digital payment for business and pay Zero Tax for sales up to 1 Crore - Section 44AD

The government on 19th December 2016 issued a press release for encouraging and Promoting Digital Payments & Creation of Less-Cash Economy. One of the measure was to reduced rate in presumptive taxation for transaction in digital mode. The rate of presumptive income of 8% will be reduce to 6% if receipts are done in digital form like wallets, NEFT, RTGS, etc

article author CA Chirag Chauhan

Posted On:  8 months ago


Enrolment under the new Goods and Service tax (GST) law

I am an existing taxpayer registered under Excise, Service Tax and State Tax Laws such as VAT, Entry Tax, Luxury Tax and Entertainment Tax. I received SMS/ E-Mail with Provisional ID and Password. What are next steps for me? How do I begin to enrol with the GST Common Portal with Provisional ID and Password? All the existing taxpayers and VAT dealers will be given a provisional ID and password. You need to first create your user name and password using the provisional ID and password at the GST common portal – www.gst.gov.in

article author One Roof Consultant

Posted On:  8 months ago


How despite all odds I became a chartered accountant and an entrepreneur – An inspiring story.

Recently Ministry of social justice and Empowerment, Government of India has published 100 inspiring stories of differently abled entrepreneurs, one of the story is mine - How despite all odds I became a chartered accountant and an entrepreneur!Preface of Book “The only disability in life is a bad attitude” Scott Hamilton

article author CA Chirag Chauhan

Posted On:  8 months ago


Top 18 unusual witty excuses for not filing return on time by Indians

Each year the Chartered Accountant receives a number of unusual witty excuses from assesses who didn’t file their tax return on time or didn’t file the return at all. Some of the excuses are as follows: 1)      My family member was hospitalized due to which I cannot file my return on time 2)      My financial condition was not good at the time of filing the return as I cannot afford to pay CA Fees 3)      I don t know how to file the return and with whom to file the r

article author CA Chirag Chauhan

Posted On:  8 months ago


How to register or update Digital signature certificate (DSC) and other user services under the new Goods and Service Tax (GST) common portal?

A. Procedure to register DSC on the GST common portal: I have procured a DSC. How can I register my DSC with the GST Common Portal? To register your DSC with the GST Common Portal, you need to perform the following steps:  1. Access the www.gst.gov.in URL. The GST Home page is displayed.

article author One Roof Consultant

Posted On:  10 months ago


Appointment of Common Adjudicating Authority by DGRI

S.O. (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), issued by the Government of India, Ministry of Finance, Department of Revenue, under clause (a) of section 152 of the Customs Act, 1962 (52 of 1962), the Director General, Revenue Intelligence, hereby appoints officers mentioned in column

article author One Roof Consultant

Posted On:  10 months ago


GST Levy and exemption on different assesses

GST has been passed in the parliament and the Government is working eagerly to make this act let applicable from 1st April 2017 following the motto “One Nation One Tax”. After this act comes into force each person whether of Service background or of Manufacturing background or of any other back ground will come under one common tax net. Each person has to file common return whether he/she is of Service background or of Manufacturing background or of any other background. This article will give you information on the applicability and exemption on different assesses under the GST law/act.

article author CA Chirag Chauhan

Posted On:  10 months ago


Contribution to pension fund on salary exceeding Rs. 15000 per month with effect from 1st September 2014

Kind attention is invited to the notification no. GSR- 609 dated 22.08.2014 through which following provisions were inserted in sub Para 4 of Para 11 of Employees Pension Scheme 1995 (determination of pensionable salary). The provisions of Para 11 (4) is reproduced below for your ready reference

article author One Roof Consultant

Posted On:  10 months ago


ICAI Request members to improve annual ROC filing compliance

Request for improving of annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs in achieving the targeted compliance As the members are already aware that that it is the time of peak filing of Balance Sheet & Annual Return under the Companies Act This is to mention here that to promote high standard of integrity and professionalism it is an essential part of the Professional duty of the Chartered Accountants to ensure compliance of various statutory and other regulatory requirements with regard to the relevant provisions of the Acts which regulate the functioning of Companies and LLPs.

article author One Roof Consultant

Posted On:  10 months ago


Raising of further capital & process of exit of Exclusively Listed Companies from Dissemination Board

All Exclusively Listed Companies in the Dissemination Board (shares of companies available for buying and selling and not for companies referred as vanishing companies.) Exclusively listed companies of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB). 1. SEBI vide circular dated May 30, 2012 issued guidelines facilitating the exit of Derecognized/Non-operational stock exchanges and exit to the shareholders of exclusively listed companies (ELCs) by allowing them to get listed on nationwide stock exchanges after complying with the diluted listing norms of nationwide stock exchanges, failing which they would be moved to the Dissemination Board (DB).

article author One Roof Consultant

Posted On:  10 months ago


Launch of Enhanced Foreign Trade Data Dashboard

As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public with regard to India’s export, import and balance of trade data in an analytical format, over time and space, Commerce & Industry Minister Smt. Nirmala Sitharaman today launched a new enhanced Dashboard on Foreign Trade Data. Speaking on the occasion she said technology will be used for transparent decision making and reaching out to people using real time data. The Minister said this Dashboard is an improved version of the earlier EXIM Analytics Dashboard developed with many added features. It is more user friendly and would facilitate the general public to have an accurate picture on dynamics of foreign trade performance of India.

article author One Roof Consultant

Posted On:  10 months ago


Suggestions from the Industry and Trade Associations for Budget 2017-18 regarding changes in direct and indirect taxes.

In the context of formulating the proposals for the Union Budget of 2017-18, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same. 2. Your suggestions and views may be supplemented and justified by relevant statistical information about production, prices, revenue implication of the changes suggested and any

article author One Roof Consultant