Dear All ,

Please find below the “Updates that Matter (UTM # 2)”,

Ø  DVAT – Due Date for Submission of AR-1 ExtendedØ  Cenvat:- No Bar in Distributing Cenvat Prior to ISD Registration.Ø  Co. Law :-Relaxation of last date and additional fee in filing of e-Form 23C for Appointment of Cost Auditor
  1. a)DVAT :- In partial modification of Notification No.7(420)/Policy/VAT/2011/1203-1213 dated 11/02/2013 regarding submission of audit report in Form AR-I for the year 2012-13 by dealer having turnover of Rs.10 crores or more, the date of filing of the said report has been extended to 02/12/2013 instead of 15/11/2013.

Please find the link to the notification.

  1. b)Cenvat: In case of M/s. Tulsyan NEC Limited and others v. CCE Bangalore-II Commissionerate Bangalore it has been held by Hon’ble Bangalore Tribunal that that credit can be taken and distributed prior to obtaining the registration as Input Service Distributor under Rule 7 of Cenvat Credit Rules, 2004.

Citation: – 2013 (11) TMI 436

  1. c)Company Law:– MCA has extended the last date of filing and relaxed the additional fee applicable on e-form 23C to 30th November, 2013 or within 30 days of the commencement of the company’s financial year to which the appointment relates, whichever is later. Link to the Original Notification.

Regards,

CA.Ankit Gulgulia (Jain)|B.COM(H), C.A, C.IFRS, C.B.V

Direct|+9811653975 |011-27356431|011-23642055|

Email| ankit@gravita.in

311, 3rd Floor, D-Mall, Netaji Subhash Place, Pitampura, New Delhi-110034
Website | www.charteredonline.in

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Related Tags UTM 

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