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ICAI Withdraws Implementation Guide on Auditor’s Report under Rule 11(d)/ Amended Schedule III

The AASB of ICAI has withdrawn the “Implementation Guide on Auditor‘s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies …
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Companies Amendment Ordinance 2018 promulgated by Govt.

Govt. has notified/ promulgated the ‘Companies (Amendment) Ordinance, 2018’, amending/ incorporating various provisions relating to different financial year for consolidation, filing of declaration for commencement of business, maintenance of …
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CBDT Notifies Revised Form 13 and E-process for Lower/ Nil Rate TDS/ TCS certificate u/s 197/ 206C

CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ …
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CBIC Clarifications on GST Registration Cancellation Procedure

Explore the recent CBIC GST Circular 69/43/2018 for clarifications on GST Registration Cancellation Procedure.
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Last date to file Final Return (GSTR-10) is 31/12/2018; notifies CBIC

CBIC notifies that last date to file Form GSTR-10 (Final Return) for Taxpayers whose Registration has been cancelled upto 30/09/2018 is 31/12/2018. CBIC Central Tax Notification No. 58/2018 dt. …
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GSTR-3B Last Date Extended upto 25/10/2018 for Sept. 2018: CBIC

CBIC extends last date for filing of GSTR-3B (Sept. 2018) from 20/10/2018 to 25/10/2018. It may be noted that the last date for availment of ITC for the period …
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IGST refund not Allowed to Exporters after claiming benefit of higher duty drawback rate: CBIC Clarification

CBIC has clarified that where exporters have opted/ preferred to take drawback at higher rate in place of IGST refund for the period 01/07/2017 to 30/09/2017, there is no …
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‘Cost Accountants’ Authorised by CBIC to Certify ‘IGST Refund Claims’ of Exporters

CBIC has authorised the ‘Cost Accountants’ to certify the ‘IGST Refund Claims’ of Exporters whose records were not transmitted from GSTN to Customs due to mismatch in GSTR 1 …
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Modified CBIC Procedure for Interception/ Inspection of Conveyance/ Goods Movement under CGST

CBIC has modified/ clarified the Prescribed Procedure under CGST Rules for ‘Interception of Conveyances’, ‘Inspection of Goods’ in Movement, Detention/ Confiscation/ Release of such Conveyances/ Goods, etc. CBIC has …
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TDS/ TCS under GST Applicable from 01/10/2018 (CGST Section 51 & 52): CBIC

CBIC has notified that the provisions of Section 51 (TDS) and Section 52 (TCS) of the CGST Act 2017, i.e. TDS/ TCS under GST, shall be finally applicable from 01/10/2018.
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