UDIN mandatory for all Audit Reports/ Certificates from 01/07/2019: ICAI
ICAI mandates all Practicing CAs to generate an 18 digit UDIN from 'UDIN portal' and mention on each document certified/ attested w.e.f. 01/07/2019.
CBIC notifies due dates for filing GSTR 3B for July, August and Sept. 2019
CBIC notifies the due dates for filing GST Return in FORM GSTR 3B for July, August and Sept. 2019 as 20th of the following month, i.e. 20/08/2019 for July …
CBIC notifies due dates for filing GSTR 1 for July to September 2019
CBIC notifies due dates for filing GSTR-1 for July’19 to Sept’19, i.e. taxpayers having turnover of above Rs. 1.5 crores shall file their quarterly GSTR-1 upto 31/10/2019 and those …
ICAI Clarification on Requirement of Auditor’s Certificate for Return of Deposits (DPT 3)
ICAI has issued a Clarification on requirement of Auditor’s Certificate for Return of Deposits (DPT 3). Also, ICAI has provided Illustrative Auditor’s Certificate on Return of Deposits for guidance …
Revised Procedure for IGST Refunds to Exporters
CBIC has issued Circular No. 16/2019 Customs dt. 17/06/2019 to modify the automated process for claiming IGST refunds by Exporters. Now all risky/ suspicious exporters will face a verification/ …
CBDT issues Revised Guidelines on Compounding of Income Tax Offences
CBDT has issued revised Guidelines (2019) on Compounding of Offences under the Direct Tax Laws, applicable from 17 June 2019. The new guidelines prescribes certain offences which generally can’t …
Revised/ Reduced ESI Contribution Rates 2019-20: Employer 3.25%, Employee 0.75%
Govt. has amended the ESIC Rules and has notified revised/ reduced ESI Contribution rates w.e.f. 01/07/2019 (i.e. during Financial Year 2019-20). New rate of Employer’s ESI contribution is 3.25% …
CBDT Amends Declaration Form 15H; Section 87A Rebate for Senior Citizens included
CBDT amends IT Rules to allow declaration in Form 15H for payment of certain income without TDS from a senior citizen whose income is higher than the basic exemption …
Time Limit Extended for Builders to Choose GST Rate upto 20/05/2019, notifies CBIC
CBIC has notified that the time limit for Builders to choose the applicable GST Rate has been extended from 10/05/2019 to 20/05/2019, as under: CBIC Central Tax Rate Notification …
STK 2 Fee Increased to Rs. 10000: MCA Amends Rules on Removal of Names of Companies
MCA has notified the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2019. Amended rules also includes increase in the filing fee in respect …