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Extend last date for annual filing under Companies Act, 2013: ICSI
The Institute Of Company Secretaries Of IndiaMCA: 201815th October, 2018Shri Injeti Srinivas, IASSecretary to Government of IndiaMinistry of Corporate AffairsShastri BhawanNew Delhi – 110 001 Subject:...
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Govt notifies Special Courts under Benami Property Act
Govt notifies Court of Session designated as Special Court and Area specified for trial of offence punishable under the Prohibition of Benami Property Transactions Act, 1988 vide Notification No. 67/2...
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Advisory for Taxpayers to file Refund for Multiple Tax period
1. Refund application filing for multiple tax period is available for below grounds of refund:a. Export of Goods & Services – Without payment of Taxb. Export of services with payment of taxc. Supplies...
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Structural Reforms in taxation & bankruptcy helping Indian Economy
Ministry of FinanceShri Subhash Chandra Garg, Secretary, DEA: Better Metric is needed for the Human Capital Index (HCI) to measure the Status of Human Capital; Structural Reforms in areas like taxatio...
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ICAI constitutes High Power Group on IL&FS
ICAI Press ReleaseConstitution of High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS)In the recent past, there have been news reports regarding diversion of loan money in I...
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Download TCS data in Form GSTR-2A to an Excel file
Taxpayers were earlier provided with a facility to download details of Form GSTR-2A in an Excel file. Now they can download data in TCS section also to that Excel file, in a different sheet.GSTR 2A is...
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New Releases on GST Portal from 12/10/2018
In these update we will see new functionalities, which were made available on GST Portal, recently:1. Refund: Application for Refund can now be filed for multiple tax periods, in following refund case...
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GST Refund for Exporters procedure to become easier
There is no doubt that the apex authority to supervise and resolve various issues with regard to Goods & Service Tax, i.e. the GST council has always drafted and duly implemented all the necessary soc...
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GST Refund figure published in print media are exaggerated: MOF
Ministry of Finance- 12th October, 2018It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being pu...
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Prohibition of Benami Property Transactions (Removal of Difficulties) Order, 2018
MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)ORDERNew Delhi, the 9th October, 2018INCOME-TAXS.O.5194 (E).—Whereas, sub-section (1) of section 48 of the Prohibition of Benam...
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GST Refund, Payment, composition scheme & ISD Registrants Functionality Update
A) GST Refund for for multiple tax periods:Contents [hide]A) GST Refund for for multiple tax periods:(B) Payment of GST in instalments:(C) Opting in and out of GST composition scheme:(D) Security of P...
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CBDT Notifies ‘Uttaranchal Board of Technical Education’ for exemption U/s. 10(46)
Central Government hereby notifies for exemption U/s. 10(46), ‘Uttaranchal Board of Technical Education, a board constituted by the State Act Uttaranchal Board of Technical Education Act, 2003 vide No...
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CBDT Notifies ‘Real Estate Regulatory Authority, Punjab’ for exemption U/s. 10(46)
Central Government hereby notifies for exemption U/s. 10(46), ‘Real Estate Regulatory Authority, Punjab’, an authority constituted by the Government of Punjab vide Notification No. 65/2018 Dated : 8th...
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CBDT Notifies ‘Madhya Pradesh Electricity Regulatory Commission’ for exemption U/s. 10(46)
Central Government hereby notifies for exemption U/s. 10(46),‘Madhya Pradesh Electricity Regulatory Commission’, Bhopal, a Commission constituted by the State Government of Madhya Pradesh vide Notific...
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CBDT Notifies ‘Kerala State Electricity Regulatory Commission’ for exemption U/s. 10(46)
Central Government hereby notifies for exemption U/s. 10(46), ‘Kerala State Electricity Regulatory Commission’, Thiruvananthapuram, a commission established by the Government of Kerala, vide Notificat...
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CBDT Notifies ‘Karnataka State Unorganised Workers Social Security Board’ for exemption U/s. 10(46)
Central Government hereby notifies ‘Karnataka State Unorganised Workers Social Security Board’, Bengaluru, a board constituted by the Government of Karnataka for exemption U/s. 10(46) vide Notificatio...
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CBDT Notifies ‘Hyderabad Metropolitan Water Supply and Sewerage Board’ for exemption U/s. 10(46)
Central Government hereby notifies Hyderabad Metropolitan Water Supply and Sewerage Board, Hyderabad, a board constituted by Government of Andhra Pradesh for exemption U/s. 10(46) vide Notification No...
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Mandatory Usage of UDIN by CAs w.e.f. 01.01.2019 to prevent forgery
PRESS RELEASEMandatory Usage of UDIN by Chartered Accountants w.e.f. 1st January, 2019 to prevent forgeryThe Division Bench of Hon’ble Calcutta High Court had passed an order on 21st June, 2018 in the...
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Accounting Standard (AS) 40, Investments property- Draft
Exposure Draft on Accounting Standard (AS) 40, Investments property-Issued by Accounting Standards Board, The Institute of Chartered Accountants of IndiaLast date for the comments: November 10, 2018(T...
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Procedure for Income Tax refund not issued due to technical reasons
ITBA-Processing Instruction No 4DIRECTORATE OF INCOME TAX (SYSTEM)ARACenter, Ground Floor, E-2, Jhandewalan Extension,F.No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated: 08.10.2018 To,All P...