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May 29, 2013

Guidelines for Appointment of Statutory Auditors in Public Sector Banks wef Financial Year 2013-14

Guidelines for Appointment of Statutory Auditors in Public Sector Banks wef Financial Year 2013-14

Posted: 28 May 2013 08:35 PM PDT

Based on the recommendations of a Working Group (WG) to review the norms for empanelment of statutory auditors for public sector banks and other related issues and after seeking the approval of GoI, it has been decided to revise the guidelines on appointment of statutory auditors in public sector...

Service Tax On Services Provided – To – Educational Institutions – After Finance Act 2013

Posted: 28 May 2013 07:43 PM PDT

In this article I am discussing the Service tax provisions in respect to the Services provided TO the Educational Institutions. An illustrative list of services provided to Educational Institutions - Works Contract Services, Renting Services, Transportation, Security Services, Information...

No Condonation of Delay for gross negligence, inaction and laches

Posted: 28 May 2013 07:36 PM PDT

For condonation of delay, two questions are required to be seen (i) whether there is sufficient cause and it depends from case to case whether in given circumstances, sufficient cause has been established or not? (ii) Whether the law of limitation has to be enforced or the question of limitation...

DGFT- Online application & issue of Registration Certificates for export of various commodities wef 1st July, 2013

Posted: 27 May 2013 09:53 PM PDT

DGFT is happy to announce migration of the process of obtaining Registration Certificate (for export purpose only) from the existing manual mode to digital mode. With effect from 1st July, 2013 such registrations would be online and would be mandatory. This will be applicable for obtaining...

Applicability/ Non-Applicability of Service Tax Negative List & Related Topics in syllabus of Part II from May 2013 examination onwards

Posted: 27 May 2013 09:30 PM PDT

The Examination Committee at its 498th meeting held on September 23, 2012 has decided that the following sections of the Finance Act, 1994/rules will be covered under point no. 1 (Concepts and General principles) and point no. 2 (Charge of service tax and taxable services) of syllabus of Part II:

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