The Ministry of Commerce and Industry has issued a notification regarding the
change in the Trade Mark Registration.
The public notice in this matter is
attached herewith for your ready reference.
Sunday, November 11, 2012
Life Goes on... (Jan 2011)
The phone rang in the obituary department of the local
newspaper.
'How much does it cost to have an obituary printed'? Asked Mr.Santa.
'It's 100 Rupees a word, sir,' the clerk replied politely.
'Fine,' said Santa after a moment. 'Okay then, write this down: 'Banta's wife dead'.'
'That's all?' asked the clerk disbelievingly.
'That's it.'
'I'm sorry sir, I should have told you - there's a six word minimum.'
'Yes, you should've,' snapped Santa.
'How much does it cost to have an obituary printed'? Asked Mr.Santa.
'It's 100 Rupees a word, sir,' the clerk replied politely.
'Fine,' said Santa after a moment. 'Okay then, write this down: 'Banta's wife dead'.'
'That's all?' asked the clerk disbelievingly.
'That's it.'
'I'm sorry sir, I should have told you - there's a six word minimum.'
'Yes, you should've,' snapped Santa.
Now let me think a minute...
okay, here it goes "Banta's wife dead. Maruti for Sale."
Ministry of Finance30-December, 2010 18:03 IST
| 50
Paise Coins to be Minimum Denomination Coin Acceptable for Transaction from June
30, 2011 Government Calls in from Circulation Coins of Denomination of 25 Paise and below |
| The Central Government, Ministry of Finance has notified on December
20, 2010 to call in from circulation the coins of denomination of 25 paise and below, issued from time to time, with effect
from June 30, 2011. From this date, these coins shall cease to be a legal tender
for payment as well as on account. The procedure for call in shall be notified
separately by the Reserve Bank of India. Consequently, from June 30, 2011 onwards these coins will not be accepted in transactions. The minimum denomination coin acceptable for transaction will be 50 paise from that date. Also, in accounting, i.e. the entries in books of accounts, pricing of products/services/taxes shall also be rounded off to 50 paise or whole rupee from that date. The notification was issued in exercise of the powers conferred by sub-section 15A of the Coinage Act, 1906 (3 of 1906). |
Monday, October 1, 2012
TN VAT Audit - Applicability Clarification
Circular under Tamil Nadu Value Added Tax
Circular No. 09 / 2012 Dated 14th September, 2012
Sub: TNVAT Act, 2006 – Commercial Taxes Department –Introduction of Section 63-A under the
Act – Clarification Issued – Regarding.
A new Section 63-A to TNVAT Act, 2006 was introduced by Act No.18 of 2012 requiring a registered dealer to get his accounts audited by an accountant if the total turnover of the dealer including zero rate sale and sale in the course of inter-state trade or commerce as specified in section 3 of the CST Act, 1956 exceeds one crore rupees in a year.
Rule 16A of TNVAT Rules, 2007 provides for submission of such audit report in form WW as per G.O.Ms.No.119, CT&R (B1) Department, dated:30-08-2012.
This amendment takes effect from 30-08-2012 as per G.O.Ms.No.118, CT&R (B1) Department, dated: 30-08-2012.
It is brought to the notice of all the officers that submission of Audit Report in Form WW is applicable from the financial year 2011-12 onwards.
Sd/- R. Kirlosh Kumar
Commissioner of Commercial Taxes (FAC)
Circular No. 09 / 2012 Dated 14th September, 2012
Sub: TNVAT Act, 2006 – Commercial Taxes Department –Introduction of Section 63-A under the
Act – Clarification Issued – Regarding.
A new Section 63-A to TNVAT Act, 2006 was introduced by Act No.18 of 2012 requiring a registered dealer to get his accounts audited by an accountant if the total turnover of the dealer including zero rate sale and sale in the course of inter-state trade or commerce as specified in section 3 of the CST Act, 1956 exceeds one crore rupees in a year.
Rule 16A of TNVAT Rules, 2007 provides for submission of such audit report in form WW as per G.O.Ms.No.119, CT&R (B1) Department, dated:30-08-2012.
This amendment takes effect from 30-08-2012 as per G.O.Ms.No.118, CT&R (B1) Department, dated: 30-08-2012.
It is brought to the notice of all the officers that submission of Audit Report in Form WW is applicable from the financial year 2011-12 onwards.
Sd/- R. Kirlosh Kumar
Commissioner of Commercial Taxes (FAC)
TN VAT Audit - Amendment - Contents
TN VAT Audit : Rule 16A -Amendments in VAT 30-08-12
https://docs.google.com/open?id=0B-0hzoMM8_XZUmxmWkFKVkdPZGc
https://docs.google.com/open?id=0B-0hzoMM8_XZUmxmWkFKVkdPZGc
Sunday, September 30, 2012
TN VAT AUDIT
Tamil Nadu VAT (Third Amendment) Act, 2012, which received the assent of the Governor on 31st May, 2012 recognizes Cost Accountants for VAT Audit under the Act
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
The following Act of the Tamil Nadu Legislative Assembly received the assent of the Governor on the 31st May 2012 and is hereby published for general information:—
ACT No. 18 OF 2012.
An Act further to amend the Tamil Nadu Value Added Tax Act, 2006.
BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-third Year of the Republic of India as follows:—
Short title and commencement.
1. (1) This Act may be called the Tamil Nadu Value Added Tax (Third Amendment) Act, 2012.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
Insertion of new section 63-A.
2. In the Tamil Nadu Value Added Tax Act, 2006, after section 63, the following section shall be inserted, namely:—
63-A. Accounts to be audited in certain cases.—(1) Every registered dealer whose total turnover including zero-rate sale and sale in the course of inter-State trade or commerce as specified in section 3 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956) in a year, exceeds one crore rupees, shall get his accounts in respect of that year, audited by an Accountant and submit a report of such audit in the prescribed Form, duly signed and verified by the Accountant, to the Assessing authority, within such period as may be prescribed.
Explanation.—For the purpose of this section “Accountant” means, a Chartered Accountant as defined in the Chartered Accountants Act, 1949 (Central Act 38 of 1949) or a Cost Accountant as defined in the Cost and Works Accountants Act, 1959 (Central Act 23 of 1959).
(2) If such registered dealer fails to get his accounts audited and submit a report of such audit within the prescribed period, as required in sub-section (1), the Assessing authority may, after giving a reasonable opportunity of being heard, direct such registered dealer to pay by way of penalty of sum of rupees ten thousand, in addition to any tax payable, in respect of the said period:
Provided that, this section shall not apply to the departments of Central and State Governments, local authorities, the railway administration as defined under the Railways Act, 1989 (Central Act 24 of 1989), the Tamil Nadu State Road Transport Corporations and similar such registered dealers, as may be notified by the Government.
(By order of the Governor)
G. JAYACHANDRAN,
Secretary to Government
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
The following Act of the Tamil Nadu Legislative Assembly received the assent of the Governor on the 31st May 2012 and is hereby published for general information:—
ACT No. 18 OF 2012.
An Act further to amend the Tamil Nadu Value Added Tax Act, 2006.
BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-third Year of the Republic of India as follows:—
Short title and commencement.
1. (1) This Act may be called the Tamil Nadu Value Added Tax (Third Amendment) Act, 2012.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
Insertion of new section 63-A.
2. In the Tamil Nadu Value Added Tax Act, 2006, after section 63, the following section shall be inserted, namely:—
63-A. Accounts to be audited in certain cases.—(1) Every registered dealer whose total turnover including zero-rate sale and sale in the course of inter-State trade or commerce as specified in section 3 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956) in a year, exceeds one crore rupees, shall get his accounts in respect of that year, audited by an Accountant and submit a report of such audit in the prescribed Form, duly signed and verified by the Accountant, to the Assessing authority, within such period as may be prescribed.
Explanation.—For the purpose of this section “Accountant” means, a Chartered Accountant as defined in the Chartered Accountants Act, 1949 (Central Act 38 of 1949) or a Cost Accountant as defined in the Cost and Works Accountants Act, 1959 (Central Act 23 of 1959).
(2) If such registered dealer fails to get his accounts audited and submit a report of such audit within the prescribed period, as required in sub-section (1), the Assessing authority may, after giving a reasonable opportunity of being heard, direct such registered dealer to pay by way of penalty of sum of rupees ten thousand, in addition to any tax payable, in respect of the said period:
Provided that, this section shall not apply to the departments of Central and State Governments, local authorities, the railway administration as defined under the Railways Act, 1989 (Central Act 24 of 1989), the Tamil Nadu State Road Transport Corporations and similar such registered dealers, as may be notified by the Government.
(By order of the Governor)
G. JAYACHANDRAN,
Secretary to Government
Same name, birthday get two men same PAN number
JAIPUR: PAN numbers are supposed to be like fingerprints. No two people can have the same one.
Well, the Income Tax department seems have made an exception.
The I-T department issued the same Permanent Account Number (PAN) to two different persons with the same name. The aggrieved individuals, one a resident of Haridwar, and the other from Jaipur, realized the goof-up when one of them was intimated of a loan sanctioned in his name that he had never sought.
One of the things that may have caused the confusion can be the fact that Rajesh Singh of Haridwar shares his name with Rajesh Kumar Singh of Jaipur. The coincidence doesn't end here. The fathers of both men also bear the same name — Mohan Singh — and the two share the exact same date of birth — December 1, 1970. The I-T department then decided to give them one more thing in common, the PAN number (ADGPS2143H).
Rajesh Kumar Singh, assistant engineer with RIICO, said, "The person in Haridwar telephoned me after he was told by the bank that
a loan of Rs 5 lakh had been taken from HDFC bank in Jaipur on his pan card number."
Incidentally, the Rajesh in Haridwar too had gone to seek a loan. Considering that he had never visited Jaipur, news of a pre-existing bank loan came as a rude shock.
"He traced my number with the help of officials and sent me the copy of his pan card. So far, I haven't faced any problems due to this duplication. However, to avoid any problems in the future, I have sought cancellation of one card number," Kumar said.
Source : http://m.timesofindia.com/city/jaipur/Same-name-bday-get-2-men-same-PAN-number/articleshow/16582759.cms
Well, the Income Tax department seems have made an exception.
The I-T department issued the same Permanent Account Number (PAN) to two different persons with the same name. The aggrieved individuals, one a resident of Haridwar, and the other from Jaipur, realized the goof-up when one of them was intimated of a loan sanctioned in his name that he had never sought.
One of the things that may have caused the confusion can be the fact that Rajesh Singh of Haridwar shares his name with Rajesh Kumar Singh of Jaipur. The coincidence doesn't end here. The fathers of both men also bear the same name — Mohan Singh — and the two share the exact same date of birth — December 1, 1970. The I-T department then decided to give them one more thing in common, the PAN number (ADGPS2143H).
Rajesh Kumar Singh, assistant engineer with RIICO, said, "The person in Haridwar telephoned me after he was told by the bank that
a loan of Rs 5 lakh had been taken from HDFC bank in Jaipur on his pan card number."
Incidentally, the Rajesh in Haridwar too had gone to seek a loan. Considering that he had never visited Jaipur, news of a pre-existing bank loan came as a rude shock.
"He traced my number with the help of officials and sent me the copy of his pan card. So far, I haven't faced any problems due to this duplication. However, to avoid any problems in the future, I have sought cancellation of one card number," Kumar said.
Source : http://m.timesofindia.com/city/jaipur/Same-name-bday-get-2-men-same-PAN-number/articleshow/16582759.cms
ST3 for Half year ending 30th Sep 2012
‘ST-3’ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st Aprilto 30th June, 2012 only.”
NOTIFICATION APPENDED HEREWITH:
New
Delhi
1.
(1) These rules may be called the Service Tax(Fourth Amendment) Rules, 2012.
Source : http://www.servicetax.gov.in/notifications/notfns-2012/st47-2012.htm
Further Announcement regarding modified ST3 Return :
NOTIFICATION APPENDED HEREWITH:
TO BE PUBLISHED IN THE GAZETTE OF INDIA
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
NOTIFICATION No 47/2012-SERVICE TAX
G.S.R
(E).-In exercise of the powers conferred by sub-section(1) read with
sub-section (2) of section 94 of the Finance Act 1994 (32 of 1994), the Central
Government hereby makes the following rules further to amend the Service Tax
Rules, 1994, namely:-
2. In the Service Tax Rules,1994, in rule
7, in sub-rule(2), the following proviso shall be inserted, namely:-
“Provided
that the Form ‘ST-3’ required to be submitted by the 25th day of
October, 2012 shall cover the period between 1st April to 30th
June, 2012 only.”
F.No 341/21/2012-TRU(Rajkumar Digvijay)Under Secretary to the Government of India
Note: The
principal rules were published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section(i) vide notification No. 2/94-ST, dated 28th
June, 1994 vide number G.S.R 546(E), dated the 28th June, 1994 and
were last amended by notification No 46/2012- Service Tax, dated the 7th
August 2012 , vide GSR 622 (E) dated the 7th August 2012.Source : http://www.servicetax.gov.in/notifications/notfns-2012/st47-2012.htm
Further Announcement regarding modified ST3 Return :
All Service Tax assessees are hereby informed that they will not be
able to file ST 3 returns in ACES now and have to wait until
the modified version of ST 3 Form is made available in a few weeks.
Please revisit ACES website(http://www.aces.gov.in)
for further information. Inconvenience caused is regretted.
Source : http://cbec.gov.in/cae1-english.htm
Monday, July 16, 2012
Got to open 2007, 2010 office doucments in Office 2003 ?
Solution : Microsoft Office Compatibility Pack for Word, Excel, and PowerPoint File Formats
It's a 37MB File. Run this EXE and this ensures you are able to open .docx, .xlsx extension files in Office 2003 itself.
Install this compatibility pack if you would like to open, edit, and save documents, workbooks, and presentations that were created in the newer versions of Word, Excel, and PowerPoint.
Link : http://www.microsoft.com/en-us/download/details.aspx?id=3
Solution : Microsoft Office Compatibility Pack for Word, Excel, and PowerPoint File Formats
It's a 37MB File. Run this EXE and this ensures you are able to open .docx, .xlsx extension files in Office 2003 itself.
Install this compatibility pack if you would like to open, edit, and save documents, workbooks, and presentations that were created in the newer versions of Word, Excel, and PowerPoint.
Link : http://www.microsoft.com/en-us/download/details.aspx?id=3
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