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Latest initiatives of ICAI for reforms in CA Course & Exam System
The Institute of Chartered Accountants of India (ICAI) has always stood by the students and strived to address their concerns from time to time. Considering the dynamic global scenario, ICAI has taken...
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Summary of 31ST GST Council Meeting Decisions
31ST GST COUNCIL MEETING DECISIONSChange in GST Rate on Goods – Solar Power Plants to be Taxed at 8.9% –To provide some relief to Solar Industry, it has been decided that supply of Solar Power Systems...
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GST Council की 31st मिटींग के कुछ खास निर्णय
GST Council की 31st मिटींगकेकुछखासनिर्णय Important changes proposed in GST Council’s 31st Meeting GST Council की 31stमिटींगआज 22/12/2018 कोहुईजिसमेंनीम्नप्रकारके GST में amendment करनेकाप्रस्तावरखागया...
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GST on Goods- Changes proposed in 31st meeting of GST Council
Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in GoodsGST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took followin...
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GST on services- 21 Changes proposed in 31st meeting of GST Council
Reduction in GST rates/exemptions on services: GST rate on cinema tickets above Rs. 100 shall be reduced from 28% to 18% and on cinema tickets upto Rs. 100 from 18% to 12%. GST rate on third party ins...
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16 must know Recommendations made during 31st GST Council Meeting
The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations:1. There would be a single cash ledger for each tax head. The modalities for implementation would...
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GST Council refers 4 important issues to various Committees / GoM
Certain important issues referred by GST Council to various Committees / GoM The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indic...
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In Principle Approval to Centralised GST AAAR & Interest on net tax liability
In-Principle approval given for Law Amendments during 31st Meeting of the GST CouncilThe GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments...
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Formation of GoM as Recommended by GST Council in 31st Meeting
The GST Council in its 31st meeting held today at New Delhi has approved the proposal to form a 7 Member Group of Ministers to study the revenue trend, including analysing the reasons for structural p...
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GST Rate Reduction proposed by GST Council during 31st Meeting
GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates on goods and services. The decisions of the GST Council have been pre...
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Companies (Incorporation) Fourth Amendment Rules, 2018
23A. Declaration at the time of commencement of business.- The declaration under section 10A by a director shall be in Form No.INC-20A and shall be filed as provided in the Companies (Registration Off...
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Companies (Registration of Charges) Second Amendment Rules, 2018
MCA has introduced Revised eForm CHG-4 -Particulars for satisfaction of charge vide Companies (Registration of Charges) Second Amendment Rules, 2018. eForm CHG-4 is required to be filed pursuant to Se...
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MCA Notifies Rules for Change in Financial Year and Conversation Public Company into Private Company
MCA vide Notification dated 18th December, 2018 has amended the provisions of the Companies (Incorporation) Rules, 2014 to provide new rules in connection with declaration of commencement of business,...
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Verify Authenticity of Certificates issued by CAs under UDIN: SBI
State Bank of India has issued a Circular on 18th December 2018 and asked all managers of its Branches to verify Authenticity Of Financial Documents/ Certificates Issued/Certified By Chartered Account...
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Luxury and sin items can’t be taxed at the same rate: FM
Rahul Gandhi recently tweeted, referring to Recent announcement by PM Shri Narendra Modi that the ‘government was trying to bring ’99 per cent things under sub-18 per cent GST slab’. Text of Tweet by...
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Delegation of powers to RDs U/s. 2(41) & 14(1) of Companies Act, 2013
MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 18th December, 2018S.O. 6225 (E).—In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Govern...
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Disclosure on implementation of SH Act mandatory in Director’s report
Disclosure regarding implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (SH Act,2013) made mandatory in the Director’s report as per amended th...
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CBDT notifies period for furnishing report U/s. 286(4) by constituent entity
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 88/2018New Delhi, the 18th December, 2018INCOME-TAXG.S.R. 1217(E).—In exercise of the powers conferred by sub-...
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SARFAESI Act, 2002: 3 month imprisonment if borrower not provide asset details
The Central Govt has initiated formulation of laws to secure prudential banking & help effect a culture of credit discipline including Insolvency and Bankruptcy Code, 2016 (IBC) has been enacted to cr...
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Logic for extension of GST Return after due date: GSTN have no answer
Recently a CA from Maharashtra has filed a RTI with GSTN to know reason of failure of 1. Poor IT infrastructure being used in GST,2. What action was taken against Infosys who has designed GST portal,3...