ICAI released Standards on Internal Audit
The Institute of Chartered Accountants of India (ICAI) has released the Standards on Internal Audit on 27-11-2018. To download the Standards on Internal Audit, click...
Where no return was filed in compliance to notice u/s 148, issuing of notice u/s 143(2) was not required for making assessment – HC
The High Court of Jammu & Kashmir in the recent judgement in the case of Principal Commissioner of Income-tax v.Broadway Shoe Co. held that where no return was filed...
CAs can be held guilty of Other Misconduct even outside the ambit of the profession- SC
In the recent judgement by the Supreme Court in the case of Shri Gurvinder Singh, it has been stated that the Chartered Accountant is guilty of a...
ICAI released FAQs on Form GSTR 9 – Annual Return
The Institute of Chartered Accountants of India (ICAI) has released the FAQs on Form GSTR 9 – Annual Return on 26-11-2018. To download the FAQs,...
Task Force for drafting a New Direct Tax Legislation – CBDT
The Government of India has constituted a Task Force in order to review the existing Income Tax Act, 1961 and to draft a new direct...
Improvements in E-way bill with effect from 16-11-2018
A. Checking of Duplicate generation of e way bill based on same invoice number The e-way bill system is enabled not to allow the consignor/supplier...
FAQ on Refund on account of Export of Goods (with Payment of Tax) – GST
Q1 : Am I eligible to receive the refund of IGST and Cess paid on export of goods if I have filed GSTR-3B? Yes, you are...
India’s overall ranking on Ease of Doing Business has jumped from 100 to 77 – Chairman, CBIC
The Chairman of Central Board of Indirect Taxes & Customs has released in its recent newsletter that as per World Bank’s Ranking on Ease of Doing...
Incentives to the MSME sector by Government of India
The Government of India, in its commitment towards the strengthening of the MSME sector, has published the Notification on 2nd November 2018 in which it...
Technical Guide on Annual Return & GST Audit published by ICAI
The Institute of Chartered Accountants of India (ICAI) has released the publication titled “Technical Guide on Annual Return & GST Audit”. It provides the detailed...
GSTR 3 can be filed manually to claim Transitional credit – Delhi High Court
To download the complete copy of order, click here Order dated 16.10.2018 -Indusind Media_1 (3 files merged)...
No requirement to furnish the detail of inward supplies from Registered suppliers in GSTR 4
The Ministry of Finance in a recent tweet on its Twitter handle that amidst of the absence of auto populated information of inward supplies from...