Daily Archives: September 4, 2016

SEBI revises format for publishing financial results by listed cos

REVISED FORMATS FOR FINANCIAL RESULTS AND IMPLEMENTATION OF IND AS BY LISTED ENTITIES WHICH HAVE LISTED THEIR DEBT SECURITIES AND/OR NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES CIRCULAR NO.IMD/DF1/69/2016, DATED 10-8-2016 1. SEBI vide Circular No. IMD/DF1/9/2015 dated November 27, 2015, had prescribed formats for publishing financial results for the entities which have listed their debt securities and/or… Read More »

Special Courts for speedy trial of offences u/s 435 of Companies Act

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st September, 2016 S.O. 2843(E).—In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government hereby, with the concurrence of the Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and… Read More »

Job work provision under GST

JOB WORK UNDER GST BUY Special provisions for job work “Job work” means undertaking any treatment or process by a person on goods belonging to another registered taxable person and the expression “job worker” shall be construed accordingly – clause 2(62) of Model GST Law, 2016. Clause 16A of Model GST Law, 2016 make provisions… Read More »

No need for digital signatures for filing DVAT returns

DELHI VAT TAX RULES, 2005  WITHDRAWAL OF NOTIFICATIONS NO.F.3(643)/POLICY/VAT/2016/1585-1597, DATED 1-3-2016 AND NO.F.3(643)/POLICY/VAT/2016/419-431, DATED 1-7-2016 NOTIFICATION NO.F.3(643)/POLICY/VAT/2016/658-68, DATED 24-8-2016 In exercise of the powers conferred on me under section 70 of Delhi Value Added Tax Act, 2004 and under rule 28 of the Delhi Value Added Tax Rules, 2005, I, S.S. Yadav, Commissioner, Value Added… Read More »

Composition scheme for small taxable persons under GST

Composition scheme for small taxable persons under GST BUY Small taxable persons do not have sufficient knowledge and expertise to comply with the requirements relating to records and accounts under GST.Hence, for them, a simplified composition scheme has been provided, vide clause 8 of GST Model Law, 2016. The scheme is available to those whose… Read More »