Time for filing of Notice of appointment of the Cost Auditor and filing of cost audit report for the F.Y. 2015-16 is extended

2.               in view of the delay in availability of revised Form CRA-2 on the MCA21 portal, however, the additional fee on account of any delay beyond the prescribed period of 30 days from the date of Board Meeting in which the appointment of the Auditor was made for filing of CRA-2 for the financial year … Read more

All officers and authorities of the sales tax department are hereby instructed to accept the correspondence and letters including cancellation of Assessment Orders under section 23(11)

8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010 TRADE CIRCULAR (u/s 10(10) of the MVAT Act,2002) To, Trade Circular No. 8 T of 2015 It has recently come to notice through representations and letters that Authorities refuse to accept correspondence and applications addressed to their office, result being that such letters and correspondence then are readdressed to … Read more

Canara Bank invited applications for empanelment as Concurrent Auditors for the period from 01.07.2015 to 30.06.2016

Canara Bank invites applications from the eligible/interested Proprietary Concerns / Firms / Companies for empanelment as Concurrent Auditors for conducting Concurrent Audit in the identified 650 branches / units for the period from 01.07.2015 to 30.06.2016.  Terms and conditions for Appointment, Fee structure, Methodology for application/ selection, conducting audit/reporting and review of performance of the … Read more

The minimum price for import of Areca Nuts is enhanced from existing Rs.110/- to Rs.162/- per Kilogram

GOVERNMENT OF INDIA NOTIFICATION No. 10/2015-2020  New Delhi, the 8th June, 2015. The CIF value of Areca Nuts under the following Exim Codes of Chapter 8 of ITC (HS) 2012, Schedule 1 (Import Policy) is revised from the present ‘Rs.110/- and above per Kilogram’ to ‘Rs. 162/- and above per Kilogram’. The revised entries shall … Read more

Certain provisions of the Companies Act, 2013, shall not apply to the private company

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th June, 2015 G.S.R.__ (E). –  In exercise of  the powers  conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) … Read more

Scheme for Payment of Pension to Government Pensioners by Authorised Banks – FAQ

Scheme for Payment of Pension to Government Pensioners by Authorised Banks The Reserve Bank of India (the Reserve Bank) oversees disbursement of pension by its agency banks in respect of all Central Government Departments and some State Governments. In the process, it receives queries/complaints from pensioners in regard to fixation, calculation and payment of pension … Read more

Concurrent Auditors of branches below the cut-off limit will submit LFAR only to the Chairman of the bank

RBI/2014-15/626DBS.CO.ARS.BC.8/08.91.001/2014-15 June 4, 2015 CMD of Nationalized BanksChairman SBIMD of Associate Banks of SBI Madam/Dear Sir, Submission of Long Form Audit Report (LFAR) by Concurrent Auditors In terms of enclosure 1 of RBI circular DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 all the banks were advised, inter alia, as under: LFAR in respect of branch should be … Read more

Effective rate of service tax on restaurant having air condition facilities has increased to 5.6% from 1st June 2015

Circular No. 184/3/2015-ST  F. No. 334 / 5 /2015-TRU (Pt.) Ministry of Finance  (Tax Research Unit)   Dated the 3rd  June, 2015.  Chief Commissioner of Customs and Central Excise (All)  Director General of Central Excise Intelligence Director General of Audit,   Madam/Sir,  The Service Tax rate has been increased to 14% with effect from 1st … Read more