CBIC has modified/ clarified the Prescribed Procedure under CGST Rules for 'Interception of Conveyances', 'Inspection of Goods' in Movement, Detention/ Confiscation/ Release of such Conveyances/ Goods, etc.
IDTC of ICAI has published an Article on 'Special Audit in the Areas of Excess Credits', which refers to about 71 areas where excess credit/ transitional credit may be …
RBI has issued directions for mandatory PAN quoting in the case of all remittances under Liberalized Remittance Scheme (LRS), including for permissible Current Account transactions of upto USD 25,000. …
CBDT has issued a Draft Notification proposing amendments in Income Tax Rule 10CB relating to computation of interest income pursuant to secondary adjustment made under section 92CE of Income-tax …
The CBIC has notified the CGST (6th Amendment) Rules, 2018, mainly to amend CGST Rules138C/ 142 and to insert Rule 58(1A)/ new Form GST ENR-2 relating to Application for …
The MCA has notified the Companies (Accounting Standards) Amendment Rules, 2018, to amend Accounting Standard (AS) 11: The Effects of Changes in Foreign Exchange Rates (revised 2003) applicable w.e.f. 1 April, 2018.
Excel Utility for e-filing of all New Income Tax Return Forms have been released/ updated, i.e. ITR-1 Sahaj (updated 20 April, 2018), ITR-2 (updated 15 June 2018), ITR-3 (released …
ICAI has come out with a publication named Technical Guide on Understanding New Income Tax Return (ITR) Forms (AY 2018-19), for guidance of the members on the key changes made …
Intra State E-way bill system shall be applicable in Delhi from 16 June, 2018 in respect of consignments of value above Rs. 1 lac, i.e. intra-State movement of goods …
CBDT has notified new Cost Inflation Index (CII) for Financial Year (FY) 2018-19/ Assessment Year (AY) 2019-20 at 280, with new Base Year 2001-02 (cost inflation index=100) in line with the amendments …