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Resolution of stuck TRAN-1 and Filing of GSTR-3B1. A large number of taxpayers could not complete the process of TRAN-1 filing either at the stage of original or revised filing as they could not digit...

Final Monthly collection figures of GST The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 – February 2018 paid in the period July 2017 – March 2018...

Smooth roll out of e-Way Bill system from 01st April, 2018 As per decision of the GST Council, e-Way Bill system became mandatory from 01st April, 2018 for all inter-State movement of goods. The imple...

Indian Advance Pricing Agreement regime moves forward with the signing of 16 APAs by CBDT in March, 2018The Central Board of Direct Taxes (CBDT) entered into 14 Unilateral Advance Pricing Agreements (...

Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 la...

Insolvency and Bankruptcy Board of IndiaPress Release2nd April, 2018Rendering of Valuation Services without a Certificate of Registration under the Companies (Registered Valuers and Valuation) Rules,...

IBBI invites suggestions on regulation of fee payable to insolvency professionals and other process costs under Corporate Insolvency Resolution ProcessInsolvency and Bankruptcy Board of India (IBBI) r...

Total Rs 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved.In line with commitment of government to liquidate all pending GST refunds, the Central Board of Indir...

Vide Notification number S.O. 529(E), dated the 5th February, 2018 it was specified that provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferre...

With the enactment of the Finance Act, 2018, CBEC is renamed as the Central Board of Indirect Taxes and Customs (CBIC). The change was necessitated due to enactment of the Goods and Services Tax (GST)...

INSOLVENCY AND BANKRUPTCY BOARD OF INDIAPRESS RELEASE30th March, 2018Insolvency and Bankruptcy Board of India commences valuation examinationsThe Central Government notified the commencement of sectio...

Expert Panel to address Bank Branch Audit Related Queries for the Financial Year 2017-18AUDITING AND ASSURANCE STANDARDS BOARD CONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDIT RELATED QUERIES...

Press ReleaseIssuance of New Revenue Standard Ind AS 115An important development in Ind AS Framework i.e. a new Ind AS in the area Revenue recognition has been notified by Ministry of Corporate Affair...

Offline Tool of Form GSTR 1 has been modified to allow taxpayer to delete more than 2500 Invoices at one go.A Reset Button has been enabled for Form GSTR 3B, which were in submit status as on 20th Feb...

As per decision of the GST Council, e-Way Bill system became mandatory from today i.e. 01st April, 2018 for all inter-State movement of goods. The implementation of the nationwide e-Way Bill mechanism...

Many taxpayers were not able to FILE TRAN-01, despite ‘SUBMITTING’ the same, due to technical glitches at the common portal.Representations were made to the GST Council and even petition were filed fo...

Press Note31st March 2018Clarification with respect to the e-way bill SystemThe e-way bill system for inter-State movement of goods across the country is being introduced from 01st April 2018. Few cla...

With the enactment of the Finance Act, 2018, CBEC is renamed as the Central Board of Indirect Taxes and Customs (CBIC). The change was necessitated due to enactment of the Goods and Services Tax (GST)...

MCA has extended the much desirous Condonation of Delay Scheme 2018 (CODS 2018) till 30.04.2018 vide General Circular No. 02/2018 dated 28th March 2018.. This was much needed as many of the companies...

It has been decided to extend the last date for filing of AOC-4 XBRL for all eligible companies required to prepare or voluntarily prepare their financial statements in accordance with Companies (Indi...