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Various due dates extended in 31st Meeting of the GST Council held on 22.12.2018 – GST Council
Following due dates are extended during the 31st Council meeting held today at New Delhi: Due date of furnishing the annual returns in Form GSTR-9...
HC wrong in taking the technical view of dismissing the appeal on the ground of delay when it has to decide the question of law between the parties in any case in respect of earlier assessment year – Supreme Court
Held : The High Court should not have taken such a technical view of dismissing the appeal in the instant case on the ground of delay,...
Form CHG-4 is likely to be revised w.e.f 25th December, 2018- MCA
Form CHG-4 is likely to be revised on MCA21 Company Forms Download page w.e.f 25th December, 2018. Stakeholders are advised to check the latest version...
Forms A-XBRL, 23B and MSC-1 are likely to be revised w.e.f. 20.12.2018- MCA
Forms A-XBRL, 23B and MSC-1 are likely to be revised on MCA21 Company Forms Download page w.e.f 20th December, 2018. Stakeholders are advised to check...
The exemption of Rs. 50 lakh in s. 194-IA(2) is applicable w.r.t. the amount related to each transferee and not with reference to the amount as per sale deed. Each transferee is a separate income tax entity and the law has to be applied with reference to each transferee as an individual transferee / person – ITAT Delhi
ITAT Delhi in the judgement of Vinod Soni Vs. ITO TDS Faridabad in ITA No. 2736/Del/2015 held the following: Section 194-IA(2) provides that Section 194-IA(1)...
Form CSR is likely to be revised on MCA21 w.e.f 14th December, 2018-MCA
Form CSR is likely to be revised on MCA21 Company Forms Download page w.e.f 14th December, 2018. Stakeholders are advised to check the latest version...
Form GNL is likely to be revised w.e.f. 07.12.2018 – MCA
Form GNL-1 is likely to be revised on MCA21 Company Forms Download page w.e.f 7th December, 2018. Stakeholders are advised to check the latest version...
Exposure Draft of Guidance Note on Reports in Company Prospectuses (Revised 2018) issued by the Auditing and Assurance Standards Board
The Auditing and Assurance Standards Board issued Exposure Draft of Guidance Note on Reports in Company Prospectuses (Revised 2018) . To download, kindly click the link:...
Extension of due date for filing Form GSTR 9, GSTR 9A and GSTR 9C till 31st March 2019
A press release has been published on the website of “Central Board of Indirect Taxes and Customs” specifying the due date for the Annual returns...
FAQs on Form GSTR 9C
The Institute of Chartered Accountants of India (ICAI) has released the publication titled “FAQs on Form GSTR 9C” To download the publication, click on the...
No seizure of goods on ground that they were not accompanied with part-B of e-way bill – HC Kerala
The High Court of Kerala in its judgement has held that where the assessee has defaulted in not uploading Part B to the eway bill...
Revised Implementation Guide to SA 230, “Audit Documentation” issued by the Auditing and Assurance Standards Board – ICAI
Auditing and Assurance Standards Board has issued Revised Implementation Guide to SA 230, “Audit Documentation” on 03.12.2018. Standard on Auditing (SA) 230, “Audit Documentation” is an...
GST Concept & Status as on 01.12.2018 – CBIC
CBIC has released GST its concept and status as on 01.12.2018 recently. To download, GST concept & Status as on 01.12.2018...
MCA is likely to revise certain forms w.e.f. 6th December, 2018 – MCA
Forms INC-20, MSC-1, MGT-3, INC-5, FC-1, FC-2, FC-3, STK-2, 23D, MGT-14, 23ACA-XBRL, CG-1, Form 66 and DIR-5 are likely to be revised on MCA21 Company...
FAQs on TCS under GST
The Central Board of Indirect Taxes and Customs (CBIC) has released the FAQs on TCS on 30th November 2018. To download the FAQs, click on...
No capital gain to be computed on the transfer of assets on the ‘book value’ in the case of conversion of company into LLP – ITAT Mumbai
Held: In the recent judgement by ITAT Mumbai in the Case of M/s Celerity Power LLP wherein it was held that the on the conversion of the company...
Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements issued by the Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India (ICAI) has issued the “Implementation guide on resignation / withdrawal from an engagement to perform audit of Financial...
An order passed by the Tribunal even one day after the prescribed period of 90 days from the date of hearing causes prejudice to the assessee and is liable to be recalled – ITAT Mumbai
To Download, Shri Kaushik N. Tanna ITA no. 5439 of Mumbai...