GSTN Allows Taxpayers to Edit, Submit and File GSTR-3B (July 2017)
GSTN has shared on Twitter that Taxpayers who have not set-off their tax liability for GSTR-3B for the month of July 2017 and have only done ‘Submit’ of their …
Updates
Final Opportunity for NGOs to file Pending Annual Returns with Penalty
Govt. has provided yet another final opportunity till 18 Oct. 2017 to about 4842 NGOs (associations/ organizations) whose registration has been cancelled under FCRA, to upload their Annual Returns from …
5% GST rate for Branded Cereals, Pulses, Flour, etc. notified by CBEC
CBEC has notified GST rate @ 5% for Cereals, Pulses and Flour packed in Unit Container bearing Registered Brand Name and has made various other changes in GST Rates …
Revised Duty Drawback Rates Schedule for 2017-18 notified by CBEC (All Industry)
The CBEC has notified the Revised Duty Drawback Rates Schedule for 2017-18 applicable w.e.f. 1 Oct. 2017, in respect of specified exports and subject to compliance with the procedural …
CBDT Advises Tax Payers to Verify Identities of IT Search Officials at # 9013850099
The CBDT has Advised Tax Payers to verify Identities of Income Tax Search Officials by seeking/ inspecting the warrant of authorisation and check the identities of authorized Income Tax …
ICAI’s Educational Material on Ind AS-18 (Revenue) Implementation Issues (Sept. 2017)
ICAI has published a booklet (Education Material on Ind AS Revenue - Revised Edition Sept. 2017) which addresses the implementation issues being faced by the stakeholders. Also this booklet …
Indian Accounting Standards (Ind AS): An Overview by ICAI (Sept. 2017)
The ICAI has published a booklet which provides an overview of the various aspects related to IFRS-converged Indian Accounting Standards (Ind AS), such as roadmap for the applicability of …
CBEC Clarification on Exporters’ Concerns under GST (Blockage of Working Capital)
The CBEC has clarified about the Media discussions in the matter of problems faced by the exporters under the GST regime, like Blockage of Working Capital, etc. and has …
CBEC Clarification on Transition Credit Claimed in TRAN-1 by Taxpayers
The CBEC has clarified about the Transitional Credit of Rs. 65,000 Crores Claimed by Taxpayers using Declaration Form TRAN-1 in July 2017, in view of speculative Media Reports suggesting …
No Refund of Unutilised ITC relating to ‘Supply of Corduroy Fabrics’: CBEC
CBEC has issued Notifications about no refund of Unutilised Input Tax Credit (ITC) relating to 'Supply of Corduroy Fabrics' under the CGST, IGST and UTGST, in line with the …