CBIC’s 29 FAQs on GST TCS by E-commerce Operators u/s 52 of CGST Act, 2017
CBIC has issued a set of 29 Frequently Asked Questions (FAQs) along with their Answers on issues relating to 'GST TCS' by 'E-commerce Operators' under Section 52 of CGST …
Category: Updates
Internal Auditor can’t undertake GST Audit of same Entity due to Role Conflict: ICAI
ICAI has clarified that 'internal auditor' of an entity can't undertake 'GST Audit' of the same entity due to role conflict of Internal Auditor and Statutory Auditor. Besides, bar on …
Updated Excel Utility for E-filing of ITRs for FY 2017-18/ AY 2018-19: ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7
IT Deptt has released/ updated all Excel Utility for e-filing of all New Income Tax Return (ITR) Forms (FY 2017-18/ AY 2018-19), i.e. ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, …
ICAI’s 23 Suggestions on GST Annual Return Form (GSTR-9/ 9A)
ICAI submits 23 Suggestions on the GST Annual Return Form (GSTR-9/ GSTR-9A) recently notified by the CBIC vide Notification No. 39/2018 Central Tax dt. 4 Sept. 2018, including request …
PAN-Aadhaar Linking for ITR Filing Valid, Aadhaar for Govt. Subsidies OK: SC Judgement
Hon'ble Supreme Court of India (SC) has upheld the constitutional validity of Aadhaar project. Now Aadhaar is mandatory for availing benefits of Government subsidies and for filing Income Tax …
ICAI Advisory for Practicing CAs to register Certified/ Attested Documents at UDIN Portal
ICAI has issued Advisory for Practicing Chartered Accountants (CAs) to register all certified/ attested documents at UDIN Portal (https://udin.icai.org) and to generate respective Unique Document Identification Number (UDIN) for …
Companies (Ind AS) Second Amendment Rules, 2018 notified by MCA: Ind AS 12,16, 20, 38 amended
MCA has notified the "Companies Indian Accounting Standards (Ind AS) Second Amendment Rules, 2018" and has amended the Ind AS 12, Ind AS 16, Ind AS 20 and Ind …
DIR 3 KYC Last Date Extended upto 5 Oct. 2018 by MCA subject to Late Fee of Rs. 500
MCA notifies the 'Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018' to extend last date for filing of Form DIR 3 (KYC of Directors) upto 5 Oct. 2018. …
GST TCS Collection Rates Applicable for E-com Operators for Inter/ Intra-state Supplies, notified by CBIC
CBIC has notified the 'GST TCS Collection Rates', i.e. 1%/ 0.5% of net value, applicable for 'E-commerce Operators' (not being agents) on Inter-state/ Intra-state Supplies made through it by other …
Companies (CSR Policy) Amendment Rules, 2018 notified by MCA: Rules 2, 5, 6, 7 amended
MCA has notified the Companies Corporate Social Responsibility (CSR) Policy Amendment Rules, 2018, whereby Rules 2, 5, 6 and 7 have been amended.