Chartered Accountants
(Date: 14/09/2018)
The Central Board of Direct Taxes (CBDT) has notified the provisions of Protocol entered between the Republic of India and the Portuguese Republic for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes of income which was signed on 24-06-2017.
(Date: 14/09/2018)
The CBIC has clarified that the proceedings of detention couldn’t be initiated under Section 129 of the CGST Act for minor mistakes in generation of e-way bill like spelling mistakes in the name of the consignor or the consignee, error in the pin-code, error in the address of the consignee, etc. In such cases, penalty of Rs. 1000 will be levied.
(Date: 14/09/2018)
The provisions of tax deduction at source (TDS) and collection of tax at source (TCS) under sections 51 and 52 of the Central GST Act, 2017 respectively are applicable from October 1, 2018.
(Date: 14/09/2018)
The Ministry of Corporate Affairs has done away with the mandatory approval from the Central Govt. for payment of managerial remuneration to top executives which means they can receive salary in excess of 11 per cent of net profit of a company. Now, the decision for payment of excess salary to top executives will be approved by the shareholders through special resolution.
(Date: 14/09/2018)
The CBIC has notified the Central GST (Tenth Amendment) Rules, 2018 wherein it has notified Form GSTR-9C for Audit Report and Reconciliation Statement.
(Date: 14/09/2018)
The Ministry of Corporate Affairs has appointed the September 12, 2018 as the date on which provisions of sections 66 to 70 (both inclusive) of the Companies Amendment Act, 2017 shall come into force.
(Date: 13/09/2018)
The CBIC has clarified that 12% GST would be applicable on trading of Priority Sector Lending Certificates (PSLCs). It has also clarified that GST on PSLCs for the period July 1, 2017 to May 27, 2018 will be paid by the seller bank on forward charge basis.
(Date: 11/09/2018)
The Ministry of Corporate Affairs (MCA) has amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 wherein it has made it mandatory for all Unlisted Public Companies to issue the securities only in dematerialized form and to facilitate dematerialization of all its existing securities in accordance with provisions of the Depositories Act, 1996 and regulations made there under. The MCA has taken this step as a measure […] Read More >>
(Date: 11/09/2018)
Govt. has extended the due dates for filing of GSTR-1 for all taxpayers for the period July, 2017 to September, 2018 till October, 31, 2018.
(Date: 11/09/2018)
The Govt. has extended the due date of filing Form GST TRAN-1 to March 31, 2019 for taxpayers who couldn’t file it due to technical glitches on the GST portal.