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NICAI Updates 4-May-2015

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  • NICAI Updates 4-May-2015

    Illustrative formats of auditor’s report on CFS under Companies Act, 2013 issued by AASB of ICAI and hosted on ICAIs website under announcements.

    DVAT department has initiated a drive to change passwords of all the registered dealers, for reasons best known to them.

    DVAT department has issued Circular No. 7 regarding review of system generated orders, Circular No. 8 regarding default assessment under CST Act, Circular No. 9 regarding transfers of SOHA, notification authorizing State Bank of Patiala for collecting tax.

    CBEC vide Circular No. 1001/8/2015-CX, Dated: April 28, 2015 has clarified that benefit of rebate of duty under Rule 18 of Central Excise Rules, 2002 and refund of accumulated CENVAT credit under rule 5 of CENVAT Credit Rules, 2004 will continue to be available on goods cleared from Domestic Tariff Area (DTA) to Special Economic Zone (SEZ).

    ICAI has decided to stand with the affected members and students of Nepal and appeal to all members, students and others to donate generously towards this noble cause. Donation can be made in the name of ICAI Nepal Earthquake Relief Fund - Account No. 915010019110240 Axis Bank Limited, IFSC Code - UTIB0000055, Swasthya Vihar Branch, Delhi - 110 092
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