Corporate Updates – 06-07-2016

DVAT:

Department of Trade & Taxes has revised turnover criteria for filing of DVAT Returns using Digital Signatures. The department notified that dealers whose gross turnover during the FY 2015-16 exceeded One Crore Rupees shall furnish their returns in Form DVAT 16 / DVAT 17 with digital signatures for the tax period 1st April, 2016 to 30th June, 2016 and subsequent tax periods and the dealers who are registered under the Delhi Value Added Tax, 2004 on or after 1st April, 2016 shall furnish their returns in Form DVAT 16 / DVAT 17 with digital signatures for the tax periods following the year during which their gross turnover exceeds one crore rupees. This notification shall come into force with immediate effect.

Labour Laws:

A new Recognition to the Company Secretary for third party certification in Transparent Inspection Scheme, Government of Haryana. Third Party Certification shall be recognized by the Labour Department. Such certification will be permissible only by a Company Secretary who has not been an employee or on the regular pay role of the establishment or has not been a consultant of the company for the last three years. The units which submit third party certification regularly on annual basis shall not be inspected through the random list of inspections. Such units will be inspected only in the event of serious complaints or unrest etc.

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