CBEC
CBEC has vide press release dated 11-11-2016 withdrawn the exemption to online information and database access or retrieval [OIDAR] services including electronic services provided in India by service providers located in foreign territory w.e.f 1st December, 2016. For levy of such tax, a simplified online mechanism of taking registration has been prescribed and simplified mechanism of online payment of taxes and online filing of returns is also being prescribed. A detailed Circular No. 202/12/2016-Service Tax dated 09.11.2016 has been issued by CBEC, explaining the likely issues arising from the withdrawal of this exemption.
MCA
MCA is likely to revise Forms : Form AOC-4 (Form for filing financial statement and other documents with the Registrar), Form AOC-4 Addendum and Form AOC-4 CFS (Form for filing consolidated financial statements and other documents with the Registrar) on its MCA21 Company Forms Download page w.e.f 16th November, 2016. Stakeholders are advised to check the latest version before filing.
News from NIRC of ICSI
1. Today, 15th November, 2016, NIRC of ICSI is organizing Study Session on the topic “RECENT NOTICE ISSUED BY ROC W.R.T CSR, ANNUAL FILING & LLP – IMPLICATION & SOLUTIONS" by CS R. S. BHATIA, Practising Company Secretary, from 5.30 PM to 8.00 PM at Auditorium, Panacea Biotec Ltd., B-1 Extn/ G-3, Mohan Co-operative Industrial Estate, Mathura Road, Nr. NTPC & Behind Mercedes Showroom, Nearest Metro Station Tughlakabad, New Delhi –110044. Participation is FREE: PCH – 2.
2. NIRC of ICSI has decided to start fortnightly "PCS HELPLINE" to provide guidance / counseling in respect of problems and difficulties being faced by our members. In this series, NIRC is organizing "PCS HELPLINE ON ANNUAL FILING” on the 16th November, 2016, to resolve the queries over telephone regarding Technical / Procedural / Interpretation issues relating to the topic “ANNUAL FILING” by CS Anjali Yadav, will be available to answer the queries telephonically, on 16th November, 2016 from 4.00 PM to 5.30 PM at 011-4934 3001.
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