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GSTR-1/ GSTR-3B Due Date for Migration cases (July 2017 to Nov. 2018) is 31/12/2018

Last date for furnishing FORM GSTR-1 and GSTR-3B for the months of July, 2017 to November, 2018 has been specified as 31/12/2018. for Taxpayers those who are migrating to …
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GSTR-1 Due Date Extended upto 31/10/2018 (July 2017 to Sept. 2018)

Govt. has launched ‘one time late fee waiver scheme’ for delayed filing of GSTR-1 for the period July 2017 to Sept. 2018 for certain Taxpayers. Now they can file …
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Companies (Significant Beneficial Owners) Rules, 2018 notified by MCA

The MCA has notified the Companies (Significant Beneficial Owners) Rules, 2018, relating to declaration of significant beneficial ownership in shares of a company (u/s 90), filing of return thereof (u/s …
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ITC-01 due date extended for Taxpayers who filed CMP-04 during 02/03/2018 to 31/03/2018, notifies CBIC

CBIC has notified that due date for filing of declaration for claiming Input Tax Credit (ITC) in Form GST ITC-01 under CGST Rule 40(1)(b) has been extended for further …
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CBIC Clarification on Scope of Principal-Agent Relationship-vis-a-vis Schedule I of CGST Act

CBIC has issued GST Circular 57/31/2018 to clarify various issues relating to ‘Scope of Principal-agent relationship’ vis-a-vis ‘Schedule I of the CGST Act, 2017.
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ICAI Clarification: Applicability of MCA Notification dt. 30 March 2017 on SBN Transactions for FY 2017-18

The ICAI has issued a Clarification regarding Applicability of MCA Notification dt. 30 March 2017 on ‘SBN Transactions’ in respect of financial statements for FY 2017-18 (i.e. disclosure requirements …
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MCA Committee submits ‘Final Report’ on ‘Review of Penal Provisions of Companies Act 2013’

MCA Committee on ‘Review of Penal Provisions of Companies Act 2013’ has submitted its ‘Final Report’. The report includes several recommendations relating to corporate compliance/ governance, restructuring of Corporate …
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ICAI’s Implementation Guide on ‘Revised SA-610: Using the Work of Internal Auditors’

ICAI has issued ‘Implementation Guide’ on ‘Revised SA-610: Using the Work of Internal Auditors’, for practical guidance of members. Revised SA-610 was issued in Feb. 2016 to be applicable from …
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GSTR-1/ GSTR-3B Due Dates Extended for Kerala/ Mahe/ Kodagu (July-August-Sept. 2018)

CBIC has notified/ extended the due dates for filing of ‘GSTR-1/ GSTR-3B for the months of July/ August 2018’ and ‘GSTR-1 for the quarter July~Sept. 2018’ for Taxpayers in …
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CBIC Clarification on ‘Refund’/ ‘Lapse’ of ‘Accumulated ITC on Fabrics (Textiles Sector)

CBIC has clarified various issue relating to ‘refund’ or ‘lapse’ of ‘accumulated ITC on Fabrics (Textiles Sector)’, as notified based on recommendations of the GST Council, vide Central Tax …
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