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TO WHOM SOEVER IT MAY CONCERN We hereby confirm that we have examined the prescribed register and also relevant of record and audited accounts of M/S. XYZ At: ADDRESS, PIN—— for the Period of 2014-2015. 1- M/S. XYZ have made the following Export in the Preceding one licensing Year. 2- The following Documents/Record have been furnished … Read more
Introduction Goods and Services Tax (GST) is said to be the most awaited indirect tax reform of India since independence. Due to much hyped advantages, the industry is eager to welcome GST and so is the Government. On the way forward to GST, government has issued the ‘Report of The Joint Committee on Business Processes … Read more
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] IMPORTANT ANNOUNCEMENT November 15, 2015 POSTPONEMENT OF GROUP II PAPER- 8 INDIRECT TAXES OF FINAL EXAMINATION, SCHEDULED ON 16TH NOVEMBER, 2015 IN SPECIFIED CITIES IN THE STATES OF TAMIL NADU AND ANDHRA PRADESH ONLY. It is hereby notified for general information … Read more
1) What is Bharat Bill Payment System (BBPS)? Ans: Bharat Bill Payment System (BBPS) is an integrated bill payment system which will offer interoperable bill payment service to customers online as well as through a network of agents on the ground. The system will provide multiple payment modes and instant confirmation of payment. 2) Where I … Read more
IMPORTANT ANNOUNCEMENT Postponement of Information System Audit (Assessment Test) scheduled for 26th December 2015 to 23rd January 2016 It is hereby informed that due to unavoidable circumstances the Information System Audit (Assessment Test) scheduled for 26th December 2015 stands postponed to 23rd January 2016 The said examination will now be held on 23rd January 2016 … Read more
Swachh Bharat Cess will come into effect from 15th November 2015, at the rate of 0.5% on all services, which are presently liable to service tax. This will translate into a tax of 50 paisa only on every one hundred rupees worth of taxable services. The proceeds from this cess will be used for financing … Read more
In October 2015, indirect tax revenue (provisional) collections increased by 36.8% compared with collections made in October 2014. Cumulatively, during April-October 2015, indirect tax collections increased by 35.9% over the collections made during the same period last year, while, the target growth rate for 2015-16 is 18.8%. Overall, in monetary terms, the indirect tax revenue … Read more
FINANCE DEPARTMENT Madam Cama Road, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated 5th November 2015 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT. 1515/CR-81/Taxation-1.—Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to … Read more
Office of the Commissioner of Sales Tax, 8th Floor, Vikrikar Bhavan, Mazgaon, Munibai – 400 010. TRADE CIRCULAR To ……………………….. ……………………….. No. JCST (704 Cell) /.F 704 Physical Submission I FY – 2014-15 /B-797 Mumbai, dt. 7 -11-2015 Trade Circular No. 1 7 T of 201 5 Subject : Physical Submission of Statement of submission and Acknowledgement … Read more
Introduction- ‘Report of The Joint Committee on Business Processes for GST’ has already been circulated and views have been sought from people at large for suggesting improvements thereupon. This report is divided into three parts namely GST Registration, GST payment process and GST refund process. In this article, some benefits of the proposed payment process … Read more