RBI has issued a notification which makes the banks mandatory to inform the customer immediately on the balance in the account breaching minimum balance and the applicable penal charges for not maintaining the balance by way of SMS/Email/letter. When the minimum balance is not maintained within one month from the date of notice of shortfall, … Read more
Now its costlier affair if you pay the service tax delayed because more you make the delay higher the interest you need to pay. Now you need to pay interest up to 30% if your delay for service tax payment is more than one year. The details of interest rate are shown in the table … Read more
The Director General of Foreign Trade (DGFT) has issued the notification import of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to Schedule 2 of ITC (HS). The notification makes it mandatory for the importers of chemicals listed at Category 1A, 1B & 1C of Appendix 3 (SCOMET list) to … Read more
Circular No.: 990/14/2014-CX-8 F. No. 267/72/2013-CX.8 (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************* New Delhi, the 19th of November, 2014 To, Principal Chief Commissioners/Chief Commissioners of Central Excise (All) Principal Chief Commissioners/Chief Commissioners of Central Excise of Central Excise & Customs (All) Director General, Directorate … Read more
The ministries of company affairs extend the CLSS-2014 up to 31/12/2014. The general Circular No.44/2014 is issued as on 14/11/2014. The text of the circular is as below. General Circular No. 44/2014 No.2/13/2014-CL-V Government of India, Ministry of company affairs, 5Th floor A wing, Shastri Bhawan, Dr. R.P. Road, New Delhi … Read more
Circular No. 180/06/2014 – ST F. No 354/105/2012-TRU (Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 153, North Block, New Delhi Dated 14th October, 2014 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax … Read more
Scheme Details Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. PMJDY accounts are being opened with Zero balance. … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, New Delhi, the 17th November, 2014 No. 110 / 2014 – CUSTOMS (N.T.) Notes and conditions: (2) The General Rules for the Interpretation of the First Schedule to the said Customs Tariff Act, 1975 shall mutatis mutandis apply for … Read more
Following is the format of the article of association for company limited by shares as per the Table F in the first schedule of the company Act 2013. Preliminary 1. a. Regulations in Table – F in the first schedule in the CompaniesAct, 2013 shall apply to this company except in so far as they … Read more
As a part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of ICAI is working assiduously. Disciplinary Directorate of ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 and Rules framed … Read more