Due date for filing of Form GST ITC-04 extended
(Date: 4/09/2018)
The due date for filing details of goods or capital goods sent to job worker and received back in Form GST ITC-04 extended to September 30, 2018 for period June, 2017 to July, 2018.
Author Archive for S Jaykishan
Declaration to claim ITC in Form GST ITC-01
Declaration to claim ITC in Form GST ITC-01
(Date: 4/09/2018)
The time limit for making a declaration in FORM GST ITC-01 for the registered persons who have filed the application in form GST CMP-04 between March 2, 2018 and March 31, 2018 has been extended to October 4, 2018.
CBDT releases final rule for computation of FMV of inventory converted into capital asset
CBDT unveils final rule for computation of FMV of inventory converted into capital asset
(Date: 1/09/2018)
The Central Board of Direct Taxes has released final Rule 11UAB prescribing the manner of determination of fair market value of the inventory converted into capital asset. The draft rule was released on May 03, 2018 which was placed before the stakeholders for comments/suggestions.
Govt. notifies norms for Fugitive Economic Offenders
Govt. notifies norms for Fugitive Economic Offenders
(Date: 30/08/2018)
The Government has notified the Declaration of Fugitive Economic Offender (Form and Manner of Filing Application) Rules, 2018. The Rules are effective from 24.08.2018. The Rules prescribes Form and manner of filing application for declaring an individual as Fugitive Economic Offender. The Rules also prescribes procedure relating to search, procedure relating to seizure, retention of property or records, manner of forwarding an inventory. It also prescribes manner of issuance of attachment order by […] Read More >>
CBDT issues guidelines for manual selection in FY2018-19
CBDT issues guidelines for manual selection in FY2018-19
(Date:25/08/2018)
The CBDT has vide Instruction No. 04 of 2018 dated 20th August 2018 issued guidelines for manual selection of returns for complete scrutiny during the financial year 2018-19. In the said notice, CBDT has outlined in steps the relevant parameters for the manual selection.
CBDT mandates ‘e-proceeding’ in majority of cases during FY 2018-19
CBDT mandates ‘e-proceeding’ in majority of cases during FY 2018-19
(Date:25/08/2018)
The Central Board of Direct Taxes has directed that assessment proceedings during the year 2018-19 shall be conducted electronically through e-proceeding facility in all cases, where assessment is required to be framed under section 143(3) during the year 2018-19. It also list down 7 exceptions to the rule where e-proceedings shall not be mandatory.
Merger of Limited Liability Partnership and Company
Merger of Limited Liability Partnership and Company – An Analysis
– CA Vivek Newatia
– CS Khushboo Jain
This article highlights the proposition of a LLP or firm merging into a company a landmark judgement passed by the National Company Law Tribunal, Chennai Bench.
Reaping the benefits of a merger or acquisition is a tricky business. Outcomes are uncertain, previously unknown or unimportant facts suddenly emerge as critical, and there are many moving parts to control. The article primarily discusses on the facts of the […] Read More >>
Deadline for filing of DIR-3 KYC form extended to Sep 15, 2018
Deadline for filing of DIR-3 KYC form extended to Sep 15, 2018 by MCA
(Date:23/08/2018)
MCA has extended the last date of filing DIR-3 KYC form without late fee from Aug 31, 2018 to Sep 15, 2018. Rs. 5000 shall be payable on or after the Sep 16, 2018. Every Director who have been allotted DIN as on or before March 31 of a financial year have to submit e-form DIR-3KYC with MCA.
Due date of filing GSTR-3B for month of July, 2018
Due date of filing GSTR-3B for month of July, 2018 extended to Aug. 24, 2018
(Date: 22/08/2018)
The Govt. has extended the due date of filing GSTR-3B for the month of July, 2018 to August 24, 2018.
The notification provided that, “The return in FORM GSTR-3B for the month of July, 2018 shall be furnished electronically through the common portal, on or before the 24th August, 2018.”
Govt. notifies due date of filing of GSTR-3B
Govt. notifies due date of filing of GSTR-3B for each month from July to Mar., 2019
(Date: 10/08/2018)
Based on the recommendations of GST Council, the Govt. has notified the due date for filing of GSTR-3B for each month from July, 2018 to March, 2019 by 20th of next month.