Category : Latest
MCA amended Companies (Prospectus and Allotment of Securities) Second Amendment Rules dated 07/08/2018
In exercise of the powers conferred by section 42, read with the sub- sections (1) and (2) of sections 469 of the Companies Act ,...
Reverse Charge Mechanism (RCM) u/s. 9(4) has been postponed till 30th September 2019
The Central Board of Indirect Taxes and Customs vide Notification No. 22/2018 – Central Tax (Rate) has postponed the applicability of Reverse Charge Mechanism (RCM)...
ICAI suggested CBDT to implement revised form 3CD from AY 2019-20 for smooth implementation
Institute of Chartered Accountant of India in their suggestions dated 2nd August, 2018 requested CBDT to implement the changes made in Form 3CD to be...
Decisions of 29th GST Council Meeting – Delhi
The 29th GST Council Meeting was held in Delhi on 4th August, 2018 under the leadership of Piyush Goyal, Minister of Finance, Railways, Coal and Corporate...
National Company Law Tribunal approves the merger of LLP with Private company – NCLT Chennai
The recent case law of M/s Real Image LLP with M/s Qube Cinema Technologies Private Limited before the National Company Law Tribunal , Chennai wherein...
Excise & Customs : Exemption notifications should be interpreted strictly, assessee cannot take benefit of ambiguity in exemption notification – SC
The Constitution Bench of Supreme Court of India in Commissioner of Customs vs Dilip Kumar & Company [Civil Appeal No. 3327 of 2007] on July 30,...
MCA releases certain Amendment Rules – MCA
MCA has released the following amendment rules which are as under: Companies (Accounts) Amendment Rules, 2018 In exercise of the powers conferred by section 134...
Lok Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018
The Bill provides significant relief to home buyers by recognizing their status as financial creditors. The voting threshold for key decision has been proposed to...
CBIC releases GST return formats
Central Board of Indirect Taxes and Customs (CBIC) has released the new GST return formats as per the decisions of 28th GST council meeting. To...
Penalty or Additional Fee for delay in Filing ROC Forms.
Penalty or Additional Fee for delay in Filing ROC Forms. Background: In Northern region comprising Punjab, Chandigarh and Himachal Pradesh, around 51% of the active...
ICAI represents CBDT to Extend ITR Filing Due Date from 31 July to 31 August 2018
The Institute of Chartered Accountants of India (ICAI) has represented to the CBDT to extend the due date for the ITR filing in case of...
CBDT releases amendments to Form 3CD on 20th July 2018
Central Board of Direct Taxes has released the amendments to the Form 3CD vide Income tax (8th Amendment) Rules 2018, which shall come into force...
Press Note on Simplified GST Return
Press Note on Simplified GST Return GST Council in its 28th meeting held on 21st of July, 2018 in New Delhi, approved the new...
Recommendations made during the 28thmeeting of the GST Council held in New Delhi on 21st July, 2018
PRESS NOTE July 21, 2018 Recommendations made during the 28thmeeting of the GST Council held in New Delhi on 21st July, 2018 Amendments to the...
ICAI released E-publication on E-way bill under GST in July 2018 (3rd Edition)
The institute of Chartered Accountants of India (ICAI) in an attempt towards imparting knowledge to the stakeholders in the context of various changes in the...
ICAI submitted the suggestions on GST law to Government
The Institute of Chartered Accountants of India (ICAI), in an attempt towards catering to the needs of the Industry regarding the compliance of the GST...
Submission of evidence during seizure isn’t necessary; can be done in assessment proceeding as well: HC
The High Court of Bombay, in a recent judgement held the following in a case of block assessment, ” Where in course of block assessment, assessee...
CBIC to observe Third Refund fortnight to clear pending refunds
CBIC, in compliance to its commitment towards “Ease of Doing Business” is going to observe Third Refund Fortnight starting from 16th July 2018 to 31st...
Section 185 of the Companies Amendment Act 2017
Section 185: Loan to directors. Summary: In this we are referring the provision of Section 185 of Companies Amendment Act 2017 (Loan to directors...
Unique Document Identification Number (UDIN)
In an initiative towards maintaining the integrity of the certification being done by the Chartered Accountants and to keep a track that no person other...