Chartered Accountants
(Date: 5/11/2018)
The TDS provisions under Section 51 of the CGST Act, 2017 not applicable on supply of goods or services to a Public Sector Undertaking (PSU) by another PSU, whether or not a distinct person.
(Date: 2/11/2018)
The President has assented to the promulgation of the Companies (Amendment) Ordinance, 2018 wherein various provisions related to change in financial year, re-introducing of commencement certificate, registered office, conversion of company, and deposit have been discussed.
(Date: 2/11/2018)
The total revenue received under GST for the month of October, 2018 was Rs. 100,710 crores. Out of Rs. 100,710 crores, Rs. 16,464 crores have been collected as CGST, Rs. 22,826 crores has been collected as SGST, Rs. 53,419 crores has been collected as IGST and Rs. 8,000 crores has been collected as Compensation cess.
(Date: 2/11/2018)
NACIN has announced the date of next GSTP exam on December 07, 2018. The registration portal for such exam will be activated on November 16, 2018 and will remain open up to November 25, 2018.
(Date: 31/10/2018)
The CBIC has notified the Central GST (Thirteenth Amendment) Rules, 2018 wherein Rule 83A has been inserted for examination of GST practitioner. The form GST DRC-08A has also been inserted for amendment of summary of the order creating demand under existing laws.
(Date: 30/10/2018)
Keeping in view the requests received from various stakeholders seeking extension of time for filing of financial statements for the financial year ended 31.03.2018 on account of various factors , it has been decided to relax the additional fees payable by companies on e-forms AOC-4, AOC (CFS) AOC-4 XBRL and e- Form MGT-7 upto 31.12.2018′ wherever additional fee is applicable.
(Date: 29/10/2018)
The Central Board of Direct Taxes (CBDT) has released draft notification amending Rules 2C, 2CA and 11AA of the Income-tax Rules, 1962. These rules pertain to filing of Form 56 & 56G for grant of approval u/s 10(23C)(v)/(iv)/(vi)(via) and filing of Form 10G for grant of Sec. 80G approval. Manual filing of these forms have been done away so as to […] Read More >>
(Date: 29/10/2018)
The Central Board of Direct Taxes (CBDT) has unveiled the final notification amending Form no. 13 & rules related to issue of certificate of no deduction of tax or deduction/collection of tax at lower rate electronically. Earlier, there was no centralized process to apply online for getting such certificate except for few states like, Karnataka & Goa which allow filing of Form 13 electronically.
(Date: 26/10/2018)
The Government gave clarification on the procedure to be followed in respect of return of time expired drugs or medicines under the GST laws.
(Date: 26/10/2018)
The CBIC has clarified that the amount of advance tax which a casual taxable person is required to deposit while obtaining registration should be calculated after considering the due eligible ITC which might be available to such taxable person.