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GST to be a WIN-WIN situation for all stakeholders associated
The Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur calls upon all the Officers of CBIC to make GST in India the best GST available in the world;GST Day Celebrations organi...
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Companies (Significant Beneficial Owners) second Amendment Rules, 2019
MCA notifies Companies (Significant Beneficial Owners) second Amendment Rules, 2019 and also notified revised FORM NO. BEN-2 – Return to the Registrar in respect of declaration under section 90.Govern...
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Section 81 of Companies (Amendment) Act, 2017 applicable from 15 August 2019
Central Government hereby appoints the 15 August, 2019 as the date on which the provisions of section 81 of the Companies (Amendment) Act, 2017 shall come into force.Government of IndiaMinistry of Cor...
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Nidhi (Amendment) Rules, 2019
MCA notifies Nidhi (Amendment) Rules, 2019 and notified new FORM NDH-4 i.e Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis.Government of IndiaMinistry...
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MCA likely to made available Form BEN-2 w.e.f 2nd July 2019
Form BEN-2 (Return to the Registrar in respect of declaration under Section 90), is likely to be made available for filing on the portal w.e.f 2nd July 2019. Stakeholders may please take note and plan...
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UDIN mandatory from 1st July, 2019 for all Audit/Assurance/Attest function
Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function – (01-07-2019)It has been noticed by the Institute of Chartered Accountant...
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GST Revenue collection for June, 2019 stands at Rs.99,939 crore
GST Revenue collection for the month of June, 2019 stands at Rs.99,939 crore.Total number of GSTR 3B Returns filed for the month of May up to 30th June, 2019 stands at 74.38 lakhTotal gross GST revenu...
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2 Years of GST Implementation
Happy GST day. The Goods and Services Tax regime completed 2 years. GST regime has seen many changes and faced many challenges during the 2 years.2 years Journey of GST ♣ 35 GST Council meetings,♣ 186...
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Two Years After GST
Today, the Goods and Services Tax regime enters its third year. The monumental restructuring of one of the world’s clumsiest indirect tax system was not an easy task. The challenges to implement the G...
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Updated Central Goods and Services Tax Rules, 2017 till 28.06.2019
This article have updated Central Goods and Services Tax Rules, 2017 which were initially released on 19th June 2017 and amended by various notifications issued from time to time. CGST Rules are updat...
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2nd anniversary of GST to be celebrated on 1st July 2019
2nd anniversary of Goods & Services Tax to be celebrated on 1st July 2019 The second anniversary of Good & Services Tax (GST) will be celebrated tomorrow with Hon’ble Union Minister of State of Financ...
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CBDT Circular on anti-abuse provisions in cases of receipt of shares
CBDT CircularCentral Board of Direct Taxes had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of section 56(2)(viia) of the Income-tax Act, 1961 being anti-abuse provisions shall...
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Steps taken by Government to ensure corruption free tax administration
Corruption CasesThe complainant against the officers under the Department of Revenue received through CVC, individuals and other sources are dealt as per the existing guidelines of CVC and DOPT.(i) Th...
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Income Tax Notification No. 50/2019, Dated: 27.06.2019
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 50/2019- Income TaxNew Delhi, the 27th June, 2019S.O.2164(E).—In exercise of the powers conferred by clause (6...
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CBDT notifies ‘Karnataka Electricity Regulatory Commission’ for exemption U/s. 10(46)
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 49/2019- Income TaxNew Delhi, the 27th June, 2019S.O. 2163(E).—In exercise of the powers conferred by clause (...
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Income Tax Department continues to strike in J&K Region
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 27th June, 2019PRESS RELEASEIncome Tax Department continues to strike in J&K RegionThe Income Tax Dep...
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Reference to Conceptual Framework Proposed amendments to IFRS 3
Reference to the Conceptual Framework Proposed amendments to IFRS 3 – (28-06-2019)The Institute of Chartered Accountants of IndiaIntroductionIn this Exposure Draft, the International Accounting Standa...
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Ind AS Technical Facilitation Group Clarification Bulletin 20
Ind AS Technical Facilitation Group (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or imple...
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CBI Arrests Assistant Commissioner of CGST & Superintendent in bribery case
Central Bureau of InvestigationPress Release New Delhi, 27.06.2019The Central Bureau of Investigation has today arrested an Assistant Commissioner and a Superintendent, both working in CGST, Patna-II...
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Invoices reported in Form GSTR 1 of FY 2017-18 cannot be amended
Amending Invoices reported in Form GSTR 1, pertaining to financial year 2017-181. Some taxpayers have reported that they are not able to amend the invoices reported in their Form GSTR 1, pertaining to...