E Xbrl5 9 12 Veda
•Download as PPTX, PDF•
0 likes•273 views
We have developed XBRL with advance technology of Semantic, which extracts data from word, excel and PDF. You do not have to do data entry. It is online software and you do not require installing and training. You can complete your XBRL filing in just 30 MIN. It is fastest XBRL
Report
Share
Report
Share
Recommended
Employing cloud ian moyse - workbooks - whitepaper
2012 is rumored to be the tipping point for cloud. For the last four to five years, we have heard that cloud (Internet-delivered solutions) is about to go mainstream. However, this year it’s not just the hype, but also the real user benefits that are driving cloud adoption.
Lettertothejudges
Alyson Bandemer is presenting her senior project to the judges at Creekview High School. She has been torn between pursuing psychology or business in college, but working at McDonald's has opened her eyes to how much she enjoys business. Her senior project product is a book of paperwork from her job at McDonald's that demonstrates how franchises are better run today than in the past. Through her project, she has learned that she has a passion for leadership and running a business.
Cr Presentation Lrg Aug 24 2011 Final
This document discusses call analysis as a technique for understanding customer service interactions beyond just statistics. It describes call analysis as involving the assessment of real recorded calls by experienced evaluators to provide an in-depth understanding of what is happening on calls, how customers are treated, and whether the right processes are followed. The document uses the example of CR Market Research conducting call analysis for Tower Hamlets, analyzing 100-250 calls every six months and providing detailed reporting and feedback to help identify best practices, training needs, and areas for improvement.
Udyog Tax News Flash 5 Dec11
New customs regulations notified
The CBEC has notified the new regulations
regarding electronic filing of shipping bills (http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt80-2k11.htm) and bills of entry (http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt79-2k11.htm), and regarding provisional assessment (http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt81-2k11.htm
Connecting with Customers Through Social
This is a presentation I did for the Central Jersey Small Business Owners Networking Group, at Northstar Vets on June 5th, 2012.
Web 2.0 Strategies and Tactics for Writers
This is the slide deck from the presentation I did in March of 2014 at the Greater Lehigh Valley Writer's Group's annual conference, The Write Stuff Conference. This is for writers wondering how they should use social media and web based marketing tools to build platform and market their work.
Xbrl Solution presented at Tel Aviv
Invoke provides software solutions for producing, processing, and exchanging financial information using eXtensible Business Reporting Language (XBRL). Their XBRL Suite includes tools for writing, reading, and designing XBRL documents that integrate with their XEDIX database for storing XBRL data. Invoke has implemented their XBRL Suite for several regulatory reporting projects in France to simplify the production and filing of financial reports in XBRL format.
InstantXBRL
InstantXBRL is software that allows users to file financial statements, cost audit reports, and cost compliance reports in XBRL format as required by MCA. It features an intuitive interface for entering financial data, validating entries, previewing the XBRL document, and generating the final filing. The software handles all XBRL requirements without needing any expertise on the user's part.
Recommended
Employing cloud ian moyse - workbooks - whitepaper
2012 is rumored to be the tipping point for cloud. For the last four to five years, we have heard that cloud (Internet-delivered solutions) is about to go mainstream. However, this year it’s not just the hype, but also the real user benefits that are driving cloud adoption.
Lettertothejudges
Alyson Bandemer is presenting her senior project to the judges at Creekview High School. She has been torn between pursuing psychology or business in college, but working at McDonald's has opened her eyes to how much she enjoys business. Her senior project product is a book of paperwork from her job at McDonald's that demonstrates how franchises are better run today than in the past. Through her project, she has learned that she has a passion for leadership and running a business.
Cr Presentation Lrg Aug 24 2011 Final
This document discusses call analysis as a technique for understanding customer service interactions beyond just statistics. It describes call analysis as involving the assessment of real recorded calls by experienced evaluators to provide an in-depth understanding of what is happening on calls, how customers are treated, and whether the right processes are followed. The document uses the example of CR Market Research conducting call analysis for Tower Hamlets, analyzing 100-250 calls every six months and providing detailed reporting and feedback to help identify best practices, training needs, and areas for improvement.
Udyog Tax News Flash 5 Dec11
New customs regulations notified
The CBEC has notified the new regulations
regarding electronic filing of shipping bills (http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt80-2k11.htm) and bills of entry (http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt79-2k11.htm), and regarding provisional assessment (http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-nt2k11/csnt81-2k11.htm
Connecting with Customers Through Social
This is a presentation I did for the Central Jersey Small Business Owners Networking Group, at Northstar Vets on June 5th, 2012.
Web 2.0 Strategies and Tactics for Writers
This is the slide deck from the presentation I did in March of 2014 at the Greater Lehigh Valley Writer's Group's annual conference, The Write Stuff Conference. This is for writers wondering how they should use social media and web based marketing tools to build platform and market their work.
Xbrl Solution presented at Tel Aviv
Invoke provides software solutions for producing, processing, and exchanging financial information using eXtensible Business Reporting Language (XBRL). Their XBRL Suite includes tools for writing, reading, and designing XBRL documents that integrate with their XEDIX database for storing XBRL data. Invoke has implemented their XBRL Suite for several regulatory reporting projects in France to simplify the production and filing of financial reports in XBRL format.
InstantXBRL
InstantXBRL is software that allows users to file financial statements, cost audit reports, and cost compliance reports in XBRL format as required by MCA. It features an intuitive interface for entering financial data, validating entries, previewing the XBRL document, and generating the final filing. The software handles all XBRL requirements without needing any expertise on the user's part.
CCH Practice / Workflow Management with Comprehenssive Audit, ROC, Consultanc...
CCH ProSystem India provides software solutions for accounting and tax professionals to help manage workflows, practice management, timekeeping, document management, and auditing. The software includes features like job management, resource allocation, timesheet tracking, and reporting. It aims to help professional practices improve organization and control over client services and deadlines through system-driven processes.
Udyog Tax News Flash 4th June 12
The document provides updates on recent changes in indirect taxation in India. It summarizes that the Finance Act 2012 has been enacted and service tax rules for settlement and compounding of cases have been notified. It also summarizes that the CBEC has issued a transfer order for Commissioners and excise notifications have been rescinded. Additionally, it summarizes that the CESTAT has upheld service tax demands on EPC projects for irrigation canals.
Indian Localization_Excise For Sap B1 User
Anshul faced difficulties in running the Excise Module in SAP B1. These included:
• Data integrity issues to meet the requirements of Excise, and using multiple and customized software
• Non-availability of required data in ERP to generate Excise reports appropriately. E.g. RG-23D page number and serial number were missing.
• Data qualification, validation and error logging features were unavailable, and hence were difficult to meet required statutory obligations.
• Data update capability used to edit, sales return and purchase return
Udyog Tax News Flash 7th April 12
Power given to cost accountant / chartered accountant to inspect records for audit
The government may appoint a cost accountant or chartered accountant for valuation audit or Cenvat credit audit of the accounts of an assessee, under sections 14A and 14AA respectively of the Central Excise Act 1944. Now the government has amended the Central Excise Rules 2002 to provide legal backing for inspection of records by such an auditor. Rule 22 of the Central Excise Rules 2002 has been amended to this effect by notification 22/2012-CE(NT) dated 30 March 2012, which can be seen at http://cbec.gov.in/excise/cx-act/notfns-2012/cx-nt2012/cent22-2012.htm.
Udyog Tax News Flash 24th Mar 12
The document provides three summaries:
1. The central government has amended exemptions for gold and silver jewelry and goldsmith/silversmith wares made of precious metals.
2. Exports of commercial services has slowed down significantly according to preliminary estimates, with a 3% rise in the last quarter of 2011 compared to 12% in the previous quarter.
3. The proposed section 66D of the Finance Act 1994 outlines a negative list of services that would not be taxable, which includes several government, agricultural, educational and other services.
Udyog Tax News Flash 9th Mar 12
Flip flop on ban on cotton exports
The Ministry of Commerce banned export of cotton on 5 March 2012. The ban covered even exports against contracts already registered with the Ministry. The reason cited was that exports have already exceeded the target of 8.4 million bales. Accordingly, the CBEC issued circular no. 6/2012-Customs dated 6 March 2012 (http://cbec.gov.in/customs/cs-circulars/cs-circ12/circ06-2012-cs.htm) to its customs formations, instructing them that the export is prohibited, that there will be no transitional arrangements, and that the details of all consignments already handed over to customs for export must be reported. However, upon receiving clarification from the DGFT under its Circular No. 58(RE-2010)/2009-14 dated 09-03-2012, the CBEC issued another circular 7/2012-Customs dated 9 March 2012 (http://cbec.gov.in/customs/cs-circulars/cs-circ12/circ07-2012-cs.htm) instructing its customs formations to allow export of consignments in respect of which ‘let export’ orders were issued upto 2400 hours on 5 March. Finally the DGFT withdrew its ban, by notification no. 106 (RE-2010)/2009-14 dated 12 March 2012. However it requires all registrations to be subjected to re-scrutiny.
The ban had evoked strong protests from growers and ginners in the domestic sector, but had been welcomed by the textile industry. Reports can be seen at http://www.thehindu.com/business/Economy/article2967460.ece.
Udyog Tax News Flash 17th Feb12
Refund: Interest is payable if refund paid after 3 months of claim: Bombay High Court
One would think that the law was clear on the issue of the date from which interest is calculated on delayed refunds, but the department took the issue to the high court. The law [Section 11BB of the Central Excise Act 1944, which also applies to service tax refunds, and Section 27A of the Customs Act 1962] provides that if a refund is paid later than three months from the date of application, interest is payable from the date immediately after the expiry of the said three months till the date on which payment is actually made. The date for computing the interest is thus the date immediately after expiry of three months from the date of application for refund. The department, however, took the view that three months are to be counted, not from the date of application, but from the date of the order for refund. This was negatived by Bombay High Court in WP 9100 of 2011 in the case of Union of India v Jindal Drugs (decided on 30 Jan 2012), reported as 2012-TIOL-109-HC-MUM. The court observed that it is a settled position in law that the liability of Revenue to pay interest commences from the expiry of three months from the date of receipt of application for refund and not on the expiry of the said period from the date on which an order for refund is made. The High Court followed the earlier order of the Supreme Court on the point, which had been reported as Ranbaxy Laboratories Limited v Union of India, 2011 (273) ELT 3 (SC).
Udyog Tax News Flash 17th Feb12
Refund: Interest is payable if refund paid after 3 months of claim: Bombay High Court
One would think that the law was clear on the issue of the date from which interest is calculated on delayed refunds, but the department took the issue to the high court. The law [Section 11BB of the Central Excise Act 1944, which also applies to service tax refunds, and Section 27A of the Customs Act 1962] provides that if a refund is paid later than three months from the date of application, interest is payable from the date immediately after the expiry of the said three months till the date on which payment is actually made. The date for computing the interest is thus the date immediately after expiry of three months from the date of application for refund. The department, however, took the view that three months are to be counted, not from the date of application, but from the date of the order for refund. This was negatived by Bombay High Court in WP 9100 of 2011 in the case of Union of India v Jindal Drugs (decided on 30 Jan 2012), reported as 2012-TIOL-109-HC-MUM. The court observed that it is a settled position in law that the liability of Revenue to pay interest commences from the expiry of three months from the date of receipt of application for refund and not on the expiry of the said period from the date on which an order for refund is made. The High Court followed the earlier order of the Supreme Court on the point, which had been reported as Ranbaxy Laboratories Limited v Union of India, 2011 (273) ELT 3 (SC).
Udyog Tax News Flash 21st Jan11
Rules for refund of anti-dumping duty
Anti-dumping duty, while worked out by the designated
authority on the basis of dumping margin, is generally notified as a specific amount. In other words, the notification will require that on all imports of the specified item from the specified exporter / country, a fixed duty of Rs xx will be levied and collected. However section 9AA of the Customs Tariff Act 1975, under which the duty is levied, allows for refund if the anti-dumping duty is in excess of actual margin of dumping in a particular case. In practice, the procedure for determination of whether refund was eligible was not clear, and the field formations lacked the necessary expertise to process such a claim.
Udyog Tax News Flash 6th Jan12
Service tax exemption for transport of goods by rail
Notifications have been issued to continue the exemption for service tax on transport of goods by rail. See http://www.servicetax.gov.in/notifications/notfns-2k11/st49-52-2k11.pdf.
Udyog Tax News Flash 1st Jan12
Price reduction for late delivery:
conflicting views on excise value
Background: Where excise duty is charged as a percentage of the value of the goods, there are two methods of determining the assessable value. For goods that are under MRP and notified for the purpose of MRP-based assessment under section 4A of the Central Excise Act, there is no difficulty in arriving at assessable value. For other goods, the ‘transaction value’ is the value for assessment, as provided in section 4 of the Central Excise Act. Transaction value means the price actually paid or payable for the goods.
Udyog Tax Journal Dec 2011
Jail
3. A central excise officer can arrest, under section 13 of the Central Excise Act, any person who he has reason to believe to be liable to punishment under the Act. Similarly, a customs officer can arrest, under section 104 of the Customs Act, any person who he has reason to believe is liable to punishment under specified sections of the Act. It is noteworthy here that the arrest is made on the basis of the officer’s perception, and the determination of whether the person really is liable to punishment will be made by a court of
law, much later. The department will urge the court that the person is liable to punishment, the person will contend that he is not liable to punishment, and the court will decide. However, the citizen is deprived of his liberty and subjected to ignominy much prior to determination of guilt or innocence. He thus stands “pre-punished”
Udyog Tax News Flash 24 Nov11
Notification v circular, excise v customs:
Factory sealing of containers
Notification 19/2004-CE(NT) provides the procedure for exporting goods under claim for rebate of excise duty under Rule 18 of the Central Excise Rules 2002. The said notification provides an option to the manufacturer-exporter, under paragraph 3(a)(i), to either self-seal his consignment at the factory or have it sealed by the central excise officers. On the other hand, administrative circulars of the CBEC require that exports under ‘free shipping bills’ (in which no export incentives are claimed) are to be self-sealed by the exporter. In a circular dated 8 September 2011 the CBEC has again reiterated that “the facility/ option of examination and sealing of export containers by the Central Excise Officers at the place of dispatch is available to both manufacturer- exporters (except when the export is on free Shipping Bill) and merchant-exporter in respect of the goods exported in terms of Rule 18 or 19 of the Central Excise Rules, 2002.” See http://cbec.gov.in/excise/cx-circulars/cx-circulars-11/952-2k11cx.htm.
Udyog Tax News Flash 24 Nov11
Self-assessment in customs – more responsibility on the importer or exporter
Electronic declaration of imports or exports has been part of the EDI system, and there were regulations under which such declarations were accepted. Now a new set of regulations is proposed, in line with self-assessment. The new draft regulations, now up on the CBEC site, are commensurate with the general trend towards shifting the responsibility to the importer / exporter. The form of declaration is much longer and asks for much more information from the importer / exporter. See the draft circular at http://www.cbec.gov.in/draft-circ/draft-electronicbill.htm
Udyog news flash 11-nov11
The document discusses several topics related to Indian tax law:
1) The Supreme Court ruled that bail is mandatory for offenses under the Customs Act and Central Excise Act.
2) October 31st to November 4th is observed as Vigilance Awareness Week in India to promote integrity in public service.
3) The deadline for filing service tax returns for April-September 2011 was extended to December 26th to allow for mandatory e-filing.
More Related Content
More from Pramod Kudtarkar
CCH Practice / Workflow Management with Comprehenssive Audit, ROC, Consultanc...
CCH ProSystem India provides software solutions for accounting and tax professionals to help manage workflows, practice management, timekeeping, document management, and auditing. The software includes features like job management, resource allocation, timesheet tracking, and reporting. It aims to help professional practices improve organization and control over client services and deadlines through system-driven processes.
Udyog Tax News Flash 4th June 12
The document provides updates on recent changes in indirect taxation in India. It summarizes that the Finance Act 2012 has been enacted and service tax rules for settlement and compounding of cases have been notified. It also summarizes that the CBEC has issued a transfer order for Commissioners and excise notifications have been rescinded. Additionally, it summarizes that the CESTAT has upheld service tax demands on EPC projects for irrigation canals.
Indian Localization_Excise For Sap B1 User
Anshul faced difficulties in running the Excise Module in SAP B1. These included:
• Data integrity issues to meet the requirements of Excise, and using multiple and customized software
• Non-availability of required data in ERP to generate Excise reports appropriately. E.g. RG-23D page number and serial number were missing.
• Data qualification, validation and error logging features were unavailable, and hence were difficult to meet required statutory obligations.
• Data update capability used to edit, sales return and purchase return
Udyog Tax News Flash 7th April 12
Power given to cost accountant / chartered accountant to inspect records for audit
The government may appoint a cost accountant or chartered accountant for valuation audit or Cenvat credit audit of the accounts of an assessee, under sections 14A and 14AA respectively of the Central Excise Act 1944. Now the government has amended the Central Excise Rules 2002 to provide legal backing for inspection of records by such an auditor. Rule 22 of the Central Excise Rules 2002 has been amended to this effect by notification 22/2012-CE(NT) dated 30 March 2012, which can be seen at http://cbec.gov.in/excise/cx-act/notfns-2012/cx-nt2012/cent22-2012.htm.
Udyog Tax News Flash 24th Mar 12
The document provides three summaries:
1. The central government has amended exemptions for gold and silver jewelry and goldsmith/silversmith wares made of precious metals.
2. Exports of commercial services has slowed down significantly according to preliminary estimates, with a 3% rise in the last quarter of 2011 compared to 12% in the previous quarter.
3. The proposed section 66D of the Finance Act 1994 outlines a negative list of services that would not be taxable, which includes several government, agricultural, educational and other services.
Udyog Tax News Flash 9th Mar 12
Flip flop on ban on cotton exports
The Ministry of Commerce banned export of cotton on 5 March 2012. The ban covered even exports against contracts already registered with the Ministry. The reason cited was that exports have already exceeded the target of 8.4 million bales. Accordingly, the CBEC issued circular no. 6/2012-Customs dated 6 March 2012 (http://cbec.gov.in/customs/cs-circulars/cs-circ12/circ06-2012-cs.htm) to its customs formations, instructing them that the export is prohibited, that there will be no transitional arrangements, and that the details of all consignments already handed over to customs for export must be reported. However, upon receiving clarification from the DGFT under its Circular No. 58(RE-2010)/2009-14 dated 09-03-2012, the CBEC issued another circular 7/2012-Customs dated 9 March 2012 (http://cbec.gov.in/customs/cs-circulars/cs-circ12/circ07-2012-cs.htm) instructing its customs formations to allow export of consignments in respect of which ‘let export’ orders were issued upto 2400 hours on 5 March. Finally the DGFT withdrew its ban, by notification no. 106 (RE-2010)/2009-14 dated 12 March 2012. However it requires all registrations to be subjected to re-scrutiny.
The ban had evoked strong protests from growers and ginners in the domestic sector, but had been welcomed by the textile industry. Reports can be seen at http://www.thehindu.com/business/Economy/article2967460.ece.
Udyog Tax News Flash 17th Feb12
Refund: Interest is payable if refund paid after 3 months of claim: Bombay High Court
One would think that the law was clear on the issue of the date from which interest is calculated on delayed refunds, but the department took the issue to the high court. The law [Section 11BB of the Central Excise Act 1944, which also applies to service tax refunds, and Section 27A of the Customs Act 1962] provides that if a refund is paid later than three months from the date of application, interest is payable from the date immediately after the expiry of the said three months till the date on which payment is actually made. The date for computing the interest is thus the date immediately after expiry of three months from the date of application for refund. The department, however, took the view that three months are to be counted, not from the date of application, but from the date of the order for refund. This was negatived by Bombay High Court in WP 9100 of 2011 in the case of Union of India v Jindal Drugs (decided on 30 Jan 2012), reported as 2012-TIOL-109-HC-MUM. The court observed that it is a settled position in law that the liability of Revenue to pay interest commences from the expiry of three months from the date of receipt of application for refund and not on the expiry of the said period from the date on which an order for refund is made. The High Court followed the earlier order of the Supreme Court on the point, which had been reported as Ranbaxy Laboratories Limited v Union of India, 2011 (273) ELT 3 (SC).
Udyog Tax News Flash 17th Feb12
Refund: Interest is payable if refund paid after 3 months of claim: Bombay High Court
One would think that the law was clear on the issue of the date from which interest is calculated on delayed refunds, but the department took the issue to the high court. The law [Section 11BB of the Central Excise Act 1944, which also applies to service tax refunds, and Section 27A of the Customs Act 1962] provides that if a refund is paid later than three months from the date of application, interest is payable from the date immediately after the expiry of the said three months till the date on which payment is actually made. The date for computing the interest is thus the date immediately after expiry of three months from the date of application for refund. The department, however, took the view that three months are to be counted, not from the date of application, but from the date of the order for refund. This was negatived by Bombay High Court in WP 9100 of 2011 in the case of Union of India v Jindal Drugs (decided on 30 Jan 2012), reported as 2012-TIOL-109-HC-MUM. The court observed that it is a settled position in law that the liability of Revenue to pay interest commences from the expiry of three months from the date of receipt of application for refund and not on the expiry of the said period from the date on which an order for refund is made. The High Court followed the earlier order of the Supreme Court on the point, which had been reported as Ranbaxy Laboratories Limited v Union of India, 2011 (273) ELT 3 (SC).
Udyog Tax News Flash 21st Jan11
Rules for refund of anti-dumping duty
Anti-dumping duty, while worked out by the designated
authority on the basis of dumping margin, is generally notified as a specific amount. In other words, the notification will require that on all imports of the specified item from the specified exporter / country, a fixed duty of Rs xx will be levied and collected. However section 9AA of the Customs Tariff Act 1975, under which the duty is levied, allows for refund if the anti-dumping duty is in excess of actual margin of dumping in a particular case. In practice, the procedure for determination of whether refund was eligible was not clear, and the field formations lacked the necessary expertise to process such a claim.
Udyog Tax News Flash 6th Jan12
Service tax exemption for transport of goods by rail
Notifications have been issued to continue the exemption for service tax on transport of goods by rail. See http://www.servicetax.gov.in/notifications/notfns-2k11/st49-52-2k11.pdf.
Udyog Tax News Flash 1st Jan12
Price reduction for late delivery:
conflicting views on excise value
Background: Where excise duty is charged as a percentage of the value of the goods, there are two methods of determining the assessable value. For goods that are under MRP and notified for the purpose of MRP-based assessment under section 4A of the Central Excise Act, there is no difficulty in arriving at assessable value. For other goods, the ‘transaction value’ is the value for assessment, as provided in section 4 of the Central Excise Act. Transaction value means the price actually paid or payable for the goods.
Udyog Tax Journal Dec 2011
Jail
3. A central excise officer can arrest, under section 13 of the Central Excise Act, any person who he has reason to believe to be liable to punishment under the Act. Similarly, a customs officer can arrest, under section 104 of the Customs Act, any person who he has reason to believe is liable to punishment under specified sections of the Act. It is noteworthy here that the arrest is made on the basis of the officer’s perception, and the determination of whether the person really is liable to punishment will be made by a court of
law, much later. The department will urge the court that the person is liable to punishment, the person will contend that he is not liable to punishment, and the court will decide. However, the citizen is deprived of his liberty and subjected to ignominy much prior to determination of guilt or innocence. He thus stands “pre-punished”
Udyog Tax News Flash 24 Nov11
Notification v circular, excise v customs:
Factory sealing of containers
Notification 19/2004-CE(NT) provides the procedure for exporting goods under claim for rebate of excise duty under Rule 18 of the Central Excise Rules 2002. The said notification provides an option to the manufacturer-exporter, under paragraph 3(a)(i), to either self-seal his consignment at the factory or have it sealed by the central excise officers. On the other hand, administrative circulars of the CBEC require that exports under ‘free shipping bills’ (in which no export incentives are claimed) are to be self-sealed by the exporter. In a circular dated 8 September 2011 the CBEC has again reiterated that “the facility/ option of examination and sealing of export containers by the Central Excise Officers at the place of dispatch is available to both manufacturer- exporters (except when the export is on free Shipping Bill) and merchant-exporter in respect of the goods exported in terms of Rule 18 or 19 of the Central Excise Rules, 2002.” See http://cbec.gov.in/excise/cx-circulars/cx-circulars-11/952-2k11cx.htm.
Udyog Tax News Flash 24 Nov11
Self-assessment in customs – more responsibility on the importer or exporter
Electronic declaration of imports or exports has been part of the EDI system, and there were regulations under which such declarations were accepted. Now a new set of regulations is proposed, in line with self-assessment. The new draft regulations, now up on the CBEC site, are commensurate with the general trend towards shifting the responsibility to the importer / exporter. The form of declaration is much longer and asks for much more information from the importer / exporter. See the draft circular at http://www.cbec.gov.in/draft-circ/draft-electronicbill.htm
Udyog news flash 11-nov11
The document discusses several topics related to Indian tax law:
1) The Supreme Court ruled that bail is mandatory for offenses under the Customs Act and Central Excise Act.
2) October 31st to November 4th is observed as Vigilance Awareness Week in India to promote integrity in public service.
3) The deadline for filing service tax returns for April-September 2011 was extended to December 26th to allow for mandatory e-filing.
More from Pramod Kudtarkar (15)
CCH Practice / Workflow Management with Comprehenssive Audit, ROC, Consultanc...
CCH Practice / Workflow Management with Comprehenssive Audit, ROC, Consultanc...
E Xbrl5 9 12 Veda
- 1. A cutting edge technology for XBRL filing
- 2. Imagine XBRL generation within 30 Minutes
- 3. Unbelievable Yet True Only with…
- 5. Generate XBRL in 4 easy steps with A Completely Automated and Intuitive solution
- 6. Generate XBRL in 4 easy steps with eXBRL – Powered By Veda
- 8. Auto-Fetch Company Details from MCA Website based on CIN Auto-Fetch Director Details from MCA Website based on DIN eXBRL – Powered By Veda
- 9. Upload Financial Documents eXBRL – Powered By Veda
- 10. Verify and Validate Semantically Extracted Fields In Exception Case eXBRL – Powered By Veda
- 11. 5275818 Easy Editing Functionality eXBRL – Powered By Veda
- 12. Toggle between Horizontal and Vertical Split Screen for superior User Experience
- 13. One Click search for source of financial data eXBRL – Powered By Veda
- 14. Simply Drag and Drop missing data fields eXBRL – Powered By Veda
- 15. Validate Business Rules Generate XBRL Document eXBRL – Powered By Veda
- 16. Download XBRL Instance eXBRL – Powered By Veda
- 17. eXBRL – Powered By Veda