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Reverse Charge Mechanism (GST RCM) Suspended till 30/09/2019, notifies CBIC

CBIC has notified that the provisions relating to Reverse Charge Mechanism (RCM) under GST, i.e. under Section 9(4) of the CGST Act, 2017, Section 5(4) of the IGST Act, 2017 and Section 7(4) …
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Companies (Accounts) Amendment Rules, 2018 notified by MCA

MCA has notified the Companies (Accounts) Amendment Rules, 2018 incorporating additional disclosure requirements for financial statements of Companies, including status of cost records, measures to prevent sexual harassment of …
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GST Exemption for Ambulance Service provided by PSPs to Govt. under NHM, clarifies CBIC

CBIC has issued a circular for clarification about GST applicability/ exemption in respect of Ambulance Service provided by Private Service Providers to the Central/ State Govt., for transportation of …
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ICAI’s E-Handbook for Guidance on HSN Classification under GST

ICAI has released an E-Handbook for guidance on HSN classification under GST, to facilitate correct determination of applicable classification/ GST rate for respective goods and services, by considering relevant …
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CBIC Extends Due Date of GSTR-6 (ISD) upto 30/09/2018 for July 2017 to August 2018

Summary of revised/ extended due dates for filing of return in Form GSTR-6 by the Input Service Distributors (ISD) during the period July, 2017 to August, 2018 as notified …
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ICAI Advisory for Members on Submitting e-form DIR-3 (KYC of Directors) with FAQs by MCA

The ICAI issued an advisory on certain points to be considered by Practicing/Director Members when certifying/submitting details and information in e-form DIR-3 (KYC of Directors) and to comply with …
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MCA Notifies the Format of e-Form DIR-3 KYC under Rule 12A (Directors KYC)

The MCA has notified the format of e-form DIR-3 KYC under new Rule 12A (Directors KYC) vide the ‘Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018’, along with …
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Delay Fee/ Penalty of Rs. 5,000 for Filing e-Form DIR-3 KYC of Directors, notifies MCA

The MCA has notified the “Companies (Registration Offices and Fees) Third Amendment Rules, 2018″, whereby Delay Fee/ Penalty of Rs. 5,000 for Filing e-Form DIR-3 KYC of Directors has been …
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Annual statement of TDS/ TCS/ Taxes Paid (Form 26AS): Income Tax Rule 31AB

Form 26AS is an annual statement generated from database maintained by the Income-tax Deptt. under Rule 31AB and made available to taxpayer latest by 31 July following the relevant …
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Tax Treatment of Salary Income From Multiple/ Previous Employers

Section 192(2) of Income Tax provides for cases where an individual is simultaneously working with multiple employers or has just changed employment during the financial year. In the case …
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