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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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‘Custom Duty/ IGST Exemption’ for ‘Kerala Flood Relief Imports’, notified by CBIC/ Govt.

CBIC/ Central Govt. has notified exemption from ‘Basic Custom Duty (BCD) and Integrated Goods and Services Tax (IGST)’ for ‘Kerala Flood Relief Imports’ (Materials/ Consignments despatched/ imported from abroad), …
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GSTR-3B Due Date Extended for July 2018 upto 24/08/2018, notifies CBIC

CBIC has notified that the GSTR-3B Due Date for the month of July 2018 has been extended from 20/08/2018 to 24/08/2018. However, it may be noted that the CBIC …
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18% IGST Applicable on Invoice for HO Expense attributable to Units in Other States: Advance Ruling

As per Advance Ruling issued by the Karnataka GST AAR in the case of ‘Columbia Asia Hospitals Private Ltd., Bengaluru’, 18% IGST is applicable on Invoices raised by Corporate …
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CBIC notifies Monthly/ Quarterly ‘GSTR-1 Due Dates’ for July 2018 to March 2019

CBIC has notified the monthly/ quarterly GSTR-1 due dates for the period July 2018 to March 2019, i.e. for the months of July, August, September, October, November, December 2018, …
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CBIC Notifies GSTR-3B Due Dates with Tax Payment for July 2018 to March 2019

The CBIC has set the deadline for tax payment and filing of monthly summary GST Returns (GSTR-3B) from July 2018 to March 2019 as the 20th of the following …
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Final Chance for GST Migration of Taxpayers upto 31/08/2018, notifies CBIC

In line with recommendations of the GST Council, CBIC notifies that migration window has been re-opened once again upto 31/08/2018 for taxpayers/ persons those who have failed to file …
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