Posted On:  23 hrs ago


Grant of Registration under DVAT and CST within one day

In partial modification of this department’s Circular No 06 of 2016-17 Dt 17-05-2016 and in keeping with the reforms being undertaken, under ‘Ease of Doing Business’ in Department of Trade and Taxes, GNCTD, it has been decided to further ease the procedure for grant of registration under DVAT & CST Act, as under

article author One Roof Consultant

Posted On:  23 hrs ago


Amendments effective from 15.01.2017 to the All Industry Rates of Duty Drawback

The Government considered representations, feedback and data related to the All Industry Rates (AIR) of Duty Drawback that took effect on 15.11.2016 and has notified certain changes vide Notification No. 03/2017-Customs (N.T.) dated 12.01.2017. These changes take effect from 15.01.2017. The notification should be downloaded from www.cbec.gov.in and perused. The changes made, inter-alia, include

article author One Roof Consultant

Posted On:  4 days ago


EPFO- List of Technical Suvidha Centres

In continuation of the office order of even number dated 30.12.2016 it is informed that the Unified Portal has been launched on 23.12.2016. Further, Technical Facilitation Centre called Technical Suvidha Centres under the monitoring of respective Ancilliary NOCs (ANOC) have also been set up. The e-mail addresses and contact details of the same are given below

article author One Roof Consultant

Posted On:  5 days ago


Evidence of Import under Import Data Processing and Monitoring System (IDPMS)

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 05 dated October 06, 2016 read with Section 5 and Section 10 of the Foreign Exchange Management Act 1999 (42 of 1999), Government of India Notification No. G.S.R. 381(E) dated May 3, 2000 viz., Foreign Exchange Management (Current Account Transaction) Rules, 2000 on import of goods, FED Master Direction No. 17 dated January 1, 2016 on Import of Goods and Services and A.P. (DIR Series) Circular No. 9 dated August 24, 2000 which outlines the procedure, mode/manner of payment for imports and submission of related returns.

article author One Roof Consultant

Posted On:  5 days ago


Regarding amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIR of duty drawback

In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93A and sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), read with rules 3 and 4 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 131/2016 – Customs (N.T.), dated the 31st October, 2016, published vide number

article author One Roof Consultant

Posted On:  6 days ago


New design of PAN card w.ef. 1st January 2017

All TEN-FCs & PAN Centres are hereby informed that the Income Tax Department (ETD) has prescribed certain changes in the existing design of the PAN Card. Accordingly, with effect from January 1, 2017, PAN cards are being printed as per the new design specifications approved by ITD.

article author One Roof Consultant

Posted On:  6 days ago


Companies to furnish Statement of Financial Transactions to Income Tax Department`

As per Rule 114E of the Income Tax Rules 1962, for and from 2016-­17, all companies have to be furnish SFT in respect of certain specified transactions as tabulated below

article author CS Perila Sheth

Posted On:  6 days ago


Launch of Income Tax Business Application (ITBA) – TPO Proceedings Module

This is in reference to the subject mentioned above. The functionality for TPO Proceedings (Process flow from recording the reference particulars and initiation of TPO Proceedings to passing of TPO order) is now available in the TPO Proceedings Module of Income Tax Business Application (ITBA).

article author One Roof Consultant

Posted On:  7 days ago


Forms related to various regulations of the Chartered Accountants Regulations, 1988

Forms related to various regulations of the Chartered Accountants Regulations, 1988 Documents to be submitted in case of delay in submission of following Forms

article author One Roof Consultant

Posted On:  1 week ago


How to file Online RTI (Right To Information) application in India

After the implementation of the RTI Act 2005, a large number of RTI applications have been received by the public authorities.  The RTI applications were sent through post or in person by the citizens. This became on e of the challenging task for the public authorities to manage and monitor such bulk amount of RTI applications.

article author CA Chirag Chauhan

Posted On:  1 week ago


Working Group to implement Article 1 of Trade Facilitation Agreement

The undersigned has been directed to inform that Board has constituted a Working Group for effective implementation of Article 1 of ‘Trade Facilitation Agreement, The nominated members and Terms of reference for the Working Group are as hereunder

article author One Roof Consultant

Posted On:  2 weeks ago


TATA Translational Cancer Research Centre notified U/s. 35(1)(ii)

It is hereby notified for general information that the organization TATA Translational Cancer Research Centre (‘TTCRC’) under the aegis of TATA Medical Centre Trust (PAN:- AABTT2222Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5D of the Income-tax Rules, 1962 (said Rules), from Assessment year 2016-2017 onwards in the category of ‘Scientific Research Association’, subject to the following conditions, namely

article author One Roof Consultant

Posted On:  2 weeks ago


Guidance Note on Board Evaluation

The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) contain broad provisions on Board Evaluation i.e. evaluation of the performance of: (i) the Board as a whole, (ii) individual directors (including independent directors and Chairperson) and (iii) various Committees of the The provisions also specify responsibilities of various persons / committees for conduct of such evaluation and certain disclosure requirements as a part of the listed entity’s corporate governance obligations.

article author One Roof Consultant

Posted On:  2 weeks ago


Pre-Budget consultations with FMs of all States/ UTs

The Union Finance Minister Shri Arun Jaitley holds Pre-Budget consultations with the Finance Ministers of all States/ UTs (with legislature); FM: Various steps taken by the Central Government in recent past to unearth black money will help in curbing corruption and making the Indian economy more cleaner, transparent and efficient; Asks the States to work together for putting India on the path of higher growth

article author One Roof Consultant

Posted On:  2 weeks ago


Initiatives taken by Government to promote use of mobile/e-banking for cashless transactions

The Public Financial Management System (PFMS) is a web-based online software application, developed and implemented by the o/o CGA with technical support of NIC. The primary objective of PFMS is to facilitate a sound Public Financial Management System for Government of India (GoI) by establishing an efficient fund flow system as well as a Payment cum Accounting network. PFMS provides various stakeholders with a real time, reliable and meaningful Management Information System and an effective Decision Support System (DSS), as part of the Digital India initiative of GoI.

article author One Roof Consultant

Posted On:  2 weeks ago


Form of Declaration under Employees Enrolment Campaign, 2017

The Central Government 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), inserted paragraph 82A after paragraph 82 in Employees’ Provident Funds Scheme, 1952 to make special provision In respect of Employees Enrolment Campaign, 2017.

article author One Roof Consultant

Posted On:  2 weeks ago


Allocation of cash for rural areas

On observing that bank notes, being supplied to rural areas, at present, are not commensurate with the requirements of rural population, some steps have already been initiated as indicated in the above circulars. With a view to ensure that at least 40% bank notes are supplied to rural areas and to mitigate the issue in a more enduring manner, the banks maintaining currency chests are advised to take the following steps, in continuation of the above

article author One Roof Consultant

Posted On:  2 weeks ago


Full/Partial exemption of late fee under section 20(6) of MVAT Act, for late returns

Goods and Services Tax Act shall be implemented soon. After the implementation of the GST, many state taxes would be subsumed in GST. Most of the existing registered dealers would get registration under GST. The Department is earnestly trying to dispose off the old pending work so that we can focus on smooth implementation of GST in the state. The Department is also actively upgrading the automation processes. At the same time, the dealers also must have started preparations in view of the forthcoming GST

article author One Roof Consultant

Posted On:  2 weeks ago


Forcing Husband to Stay Away From His Parents Amounts To Cruelty

The High Court came to the conclusion that there was no cruelty  meted out to the Appellant, which would enable him to get a decree of divorce,  as per the  provisions  of  the  Act.   The  allegations  with  regard  to  the character of the Appellant and the extra-marital affair  with  a  maid  were taken very seriously by the Family Court, but the High Court  did  not  give much importance to the false allegations made.  The constant  persuasion  by the Respondent  for  getting  separated  from  the  family  members  of  the Appellant and constraining the Appellant to live separately

article author Dharmesh Jain

Posted On:  2 weeks ago


Latest changes in new passport rules

In order to streamline, liberalize and ease the process of issue of passport, the Ministry of External Affairs has taken a number of steps in the realm of passport policy which is expected to benefit the citizens of India applying for a passport. According to press information bureau the steps introduced will benefit the process of issue of new passport. The official notification will be soon published by the government in the official gazette to give effect to the change. The details of the new rules of passport application are given below

article author CA Chirag Chauhan