PRESS NOTE

 Withdrawal of Tax-Exemption of Four Cricket Associations

Dated: 09/01/2014

The Income Tax authorities have looked into the affairs of the four cricket associations, namely :

·         Saurastra Cricket Association,

·         Baroda Cricket Association,

·         Kerala Cricket Association and

·         Maharastra Cricket Association

and have found that these cricket associations were engaged in certain activities which were considered commercial in nature in view of the amended provisions of Sec 2(15) of the Income Tax Act, 1961.Consequently, the scrutiny of assessments in these cases has resulted into the withdrawal of tax-exemption. Past assessments in these cases have also been reopened by the Department to examine the correctness of their claim for income tax exemption during the periods concerned.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in

Government of India

Ministry of Gommunications & Information Technology

Department of Electronics & Information Technology

Office of Gontroller of Certifying Authorities

New Delhi

OFFICE ORDER

Verification of credentials prior to issuance of Digital Signature Certificate (DSC).

Dated : 11/12/2013

In continuation of the Office Order No. CCA/DC(T)/2013-98 dated 6^th September 2013, for documents acceptable as proof of identity and proof of address and their attestation, the following directions are issued for strict compliance.

Proof of identitv -

1. Passport

2. Copy of Driving Licence.

3. PAN Card.

4. Post Office lD Card.

5. Copy of Bank Account Passbook containing the photograph and signed by the individual with attestation by the concerned Bank official.

6. Photo lD Card issued by the Ministry of Home Affairs of Centre/ State Govts.

7. Any Government issued photo lD Card bearing the signature of the individual.

Proof of address -

1. Telephone Bill.

2. Electricity Bill.

3. Water Bill.

4. Gas connection.

5. Bank Statement signed by the bank.

6. Service Tax/ VAT Tax/Sales Tax registration certificate.

7. Driving License/RC

8. Voter lD Card

9. Passport.

10. Property Tax/ Corporation/ Municipal Corporation Receipt.

With the above documents the following conditions apply.

a) Validity of the Proof of Address : In case of any utility bills like electricity,

water, gas, and telephone bill, the recent proof, but not earlier than 3 months      from the date of application should be attached.

b) Using single document copy for both identity & Address proof: This  may be considered. However, if the address in the Photo-id is different from the

Address given in the application then a separate Address proof may be insisted upon & collected.

c) Attestation of Copy : This will be done only by Gazetted officer, OR Bank

Manager OR Post Master.

The above will come into force from 15th January 2014

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in

DENOTIFICATION OF BANK OF BARODA FOR COLLECTION OF VAT/CST

 Notification No. 1207-1220

 Dated: 08-01-2014

Bank of India, which was earlier notified as Appropriate Government Treasury for the purpose of depositing VAT/CST dues in relation to a dealer who is, or liable to be, registered under DVAT Act, 2004, is hereby denotified for collections of VAT/CST dues from the dealers referred above with effect from 15th January, 2014.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in

STING OPERATION

Circular No. : 1413 -1438

Dated: 08-01-2014

A sting operation was telecast on 6/01/2014 by news channel "Aaj Tak", wherein serious allegations about corrupt practices in the Department have been alleged by an agent.

In this regard, it is reiterated that giving and accepting of illegal gratification is a serious offence. It has always been the endeavour of the Government to stop and deal with such cases strictly.

All the officers/officials are hereby directed to maintain highest standards of integrity and refrain from indulging in any such practice. In case any officer/official is found indulging in such practice, stringent action will be taken against such officer/official.

The Delhi Sales Tax Bar Association is also requested to kindly bring specific case(s) of malpractices/demand of illegal gratification to our knowledge so that necessary corrective measures can be taken. Further, the Bar may advise its members to exercise due caution and ensure that the assistants accompanying the members do not engage or abet any such practice.

The Ward-in-charges may also bring the content of this circular to the knowledge of the staff working in their respective Branch/Ward for strict compliance.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in

Public Notice

MEETING NOTICE REGARDING SPL. AUDIT

Dated: 08/01/2014

A meeting has been convened by the Special Commissioner, VAT, Special Audit, on10.01.2014 (Friday), at 3.00 pm, in the Conference Hall in 13th Floor of the Deptt., to discuss over the progress made by the CA/CA Firms, in respect of cases allotted for Special Audit u/s 58A of DVAT Act, 2004.

All the concerned are hereby requested to attend the same at the given time, date and venue.

The concerned CA/CA Firms are also requested to bring relevant information, with regard to progress made in respective case/cases, to discuss in the meeting.

No DA/TA is admissible for the same.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in

Public Notice

Delhi VAT Dealers – Caution in Purchases against Tax Invoices

·         Buy goods from a trusted seller who files return and thereby pays due tax collected from you.

     ·        Mere 2B statement filing by selling dealer not sufficient – selling dealer          needs to back it up with return.

    ·         Some selling dealers disappear before last date of filing returns - Not             only would you lose input tax credit and pay the same with interest and         penalty but also face criminal prosecution for producing tax invoices from         such selling dealers.

 Strict Civil & Criminal action has started against defaulting selling and purchasing dealers who are benefitting from such bogus tax invoices.

The Department will in future, pending enquiry, place names of such dealers under category of doubtful dealers on its website.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in

Filing of information in block R.10 of CST return Form 1

CIRCULAR NO. 31 OF 2013-14

 Dated :31/12/2013

1.   Block R.10 of CST return Form 1 pertains to filing of the information for receipt and pendency of central statutory forms/declarations in lieu of concessional sale/stock transfer for the preceding 4 years. The block has been inserted in the return through recent amendment in Central Sales Tax (Delhi) Rules, 2005. Second quarter return of the year 2013-14 was the first return to be filed after the amendment.

2.   On the request of Sales Tax Bar Association and dealers, the filing of the said block was de-linked from the return and a facility was created to file the information on pending statutory forms separately. The date of filing of the said block as well as return was also extended upto 31st December, 2013.

3.   Many dealers have availed of the facility and filed the above said information online. But, some dealers have still not been able to compile and file the information till date, although their returns have been otherwise submitted. Now, the third quarter return also becomes due from 1st January 2014, wherein the same information is to be filed upto date.

4. In view of the above, as a facility to the dealers who could not file the information in block R.10 of CST return Form 1, they are allowed to file the same as part of the third quarter return of the year 2013-14.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- 8130711885, 9873082769 

Website: www.caaga.co.in