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...
HC issues directions to the Department of Revenue to penalise the defaulters for not issuing Form 16 to their employees – HC Bombay
The Bombay High Court in its judgement took serious concern over the defaulter employers who does not any concern for issuing Form 16 where the...
Notifications for extension of due date of GST returns in cyclone hit districts of Andhra Pradesh and Tamil Nadu
The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date of various GST returns for the cyclone hit districts of Andhra...
No penalty to be levied u/s 271(1)(c) where the additions made by the AO is deleted – ITAT Delhi
Held: The Hon’ble ITAT Delhi in its judgement held that “Since the Tribunal has deleted the addition made by the Assessing Officer and sustained by the...
Scope of enquiry in Limited scrutiny cases selected under CASS cycles 2017 and 2018 – CBDT
THE CBDT , Ministry of Finance on 28th November, 2018 provided the procedure which shall be adopted while examining the cases under CASS cycles 2017...
Reliance by the AO on statements of third parties without giving the assessee an opportunity of cross-examination is a gross failure of the principles of natural justice and renders the assessment order a nullity -ITAT Delhi
The additions made merely on the statement of the third party and without providing an opportunity of being heard and cross examine the basis of...
The period of holding of ESOP options clarified and to be considered as Long term irrespective of the date of vesting of the same – ITAT Bangalore
The ITAT Bangalore in the recent judgement clarifies the period of holding of the ESOP options in the case of Shri. N. R. Ravikrishnan Vs Assistant Commissioner...
Income-tax department can’t claim any priority in payment from liquidation estate under Insolvency and Bankruptcy Code – HC
The High Court of Andhra Pradesh & Telangana in the case of Leo Edibles & Fats Ltd held that “The Income-tax Department does not enjoy the...
Supply of pure food items from sweetshop-cum-restaurant treated as supply of service and taxable at the GST rate of 5% – AAR Uttarakhand
ORDER : The Supply of pure food items in the restaurant shall be treated as supply of service and sweet shop shall be treated as...