Exposure Drafts of Revised Accounting Standards of ICAI
ICAI has decided to revise the Accounting Standards applicable to entities to which Ind AS are not applicable and has accordingly issued the Exposure Drafts of various Revised Accounting …
Guidelines of ICAI for Auditing of Specific Industry/ Aspects
ICAI has issued industry specific technical and generic guides on internal audit, for information and perusal of the members while conducting internal audit in the respective industry, as under: …
Last Date Extended for Annual GST Return (GSTR 9/ 9C) for FY 2020-21: CBIC
CBIC has extended the last date for filing of Annual GST Return (GSTR 9/ 9C) for Financial Year 2020-21, from 31/12/2021 to 28/02/2022, vide CGST (10th Amendment) Rules 2021, …
ITR Verification timeline extended upto 28/02/2022 for FY 2019-20/ Ay 2020-21
Income Tax Department has provided a one time opportunity to the Taxpayers whose Income Tax Return (ITR) has been filed but is pending for e-verification (using EVC/ OTP) or …
ICAI’s Standards on Auditing (SA, SQC, AROS/ AAS, SRE, SAE, SRS)
List of ICAI's Standards on Auditing (SAs), including SQCs, AROS/AAS, SREs, SAEs, SRSs, etc. issued from time to time.
List of ‘Accounting Standards for Local Bodies (ASLB)’ issued by ICAI
Accounting Standards formulated by the ICAI do not override the statute/ law that govern the preparation and presentation of general purpose financial statements of a particular Local Body. Accounting Standards …
Resumption of Blocking of E-Way Bill (EWB) Generation Facility: GSTN
GSTN has issued Advisory stating that the ‘Blocking of E-Way Bill (EWB) generation facility’ has been resumed on the ‘E Way Bill Portal’. Taxpayers who wish to continue to …
CBDT notifies Final Rules on ‘No Retrospective Taxation’ of ‘Indirect Transfer’
CBDT notifies the Income Tax (31st Amendment) Rules 2021, i.e. final Rules on ‘no retrospective taxation’ in line with the Amendments made by the Taxation Laws (Amendment) Act, 2021. …
CBIC clarifies refund issue of tax paid wrongly: inter-state vs. intra-state supply
CBIC clarifies the issue of refund of tax wrongfully paid as specified u/s 77(1) of CGST Act and u/s 19(1) of the IGST Act, i.e. where a supply is …
CBDT to Regularise ITRs submitted using EVC instead of DSC
CBDT has issued Order to Regularise the Income Tax Returns (ITRs) submitted/ verified using EVC instead of DSC as required under IT Rule 12, due to technical issues at …