Chartered Accountants
(Date: 6/10/2018)
Government is going to roll-out online filing for processing of claims under Budgetary Support Scheme. The new scheme will be effective from 15th October 2018 and new procedure for online registration has been prescribed (refer attachment).
(Date: 5/10/2018)
RBI in its fourth Bi-monthly Monetary Policy Statement, 2018-19 has kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
(Date: 5/10/2018)
The Institute of Cost Accountants of India has released “Guidance note on GST Annual Return”. GST Annual return has to be filed by every taxpayer as per provisions of Section 44 of the CGST Act, 2017. The guidance note is especially significant since the return is being filed for the first time after the rollout of GST last year.
(Date: 4/10/2018)
The Central Board of Direct Taxes has notified the final list of specified transactions of acquisition of equity shares where requirement of payment of STT to levy long-term capital gain tax under section 112A isn’t compulsory.
(Date: 1/10/2018)
A high level committee has been constituted under MCA to review the existing framework and guide and formulate the roadmap for a coherent policy on CSR. The Committee is expected to review the existing CSR framework as per Act, Rules and Circulars issued from time to time and recommend guidelines for better enforcement of CSR provisions. It will analyse outcomes of CSR activities/programmes/projects and suggest measures for effective monitoring and […] Read More >>
(Date: 1/10/2018)
The ICAI has clarified that an Internal Auditor of an entity can’t undertake GST Audit of the same entity.
(Date: 1/10/2018)
The CBIC has released the 29 FAQs on TCS under GST. In one of FAQ, the CBIC has clarified that the E-commerce operator has to obtain separate registration for TCS irrespective of fact whether e-commerce operator is already registered under GST as a supplier or otherwise and as GSTIN.
(Date: 1/10/2018)
The CBIC has released the ready reckoner on tax deducted at source (TDS) under GST including FAQs.
(Date: 27/09/2018)
The Central Board of Direct Taxes (CBDT) has notified the ‘Ex-Servicemen Contributory Health Scheme’ of the Department of Ex-Servicemen Welfare, Ministry of Defence, for the purpose of Sec. 80D deduction. The deduction is available for the assessment year 2019-20 and subsequent assessment years.
(Date: 27/09/2018)
The Govt. has increased the basic custom duty on 19 items from September 27, 2018 to curb the import of certain imported items. These changes aim at narrowing the current account deficit.