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List of Indian Accounting Standards (Converged IND ASs) issued by MCA

The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016/2017 to carry …
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IT Deptt to give ‘E-Proceedings’ Option in Time Barring Scrutiny Cases

In the case of pending ‘Scrutiny’ or ‘Limited Scrutiny’ cases which are getting time barred due to limitation on 31 Dec. 2017, IT Deptt is giving a choice to assessees …
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CBEC Notifies All ‘Legal Services’ to be Covered under RCM of GST

CBEC has issued corrigendum to Central/ Integrated/ UT Tax Rate Notifications (No. 13/2017 dt. 28/06/2017) to cover all legal services under RCM by making change in Description of ‘Legal …
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CBDT Procedure for submission of Form 67 (FTC) and Filing of ITR

CBDT Prescribes Procedure for submission of Form 67 under IT Rule 116 relating to deduction for Foreign Tax Credit (FTC) while filing Statement/ Return of Income (ITR) by a Resident …
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GST Rate Reduction on certain ‘Specified Work Contract Services’ notified

The CBEC has issued Notifications relating to Rate Reduction on certain ‘Specified Work Contract Services’, like construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration, etc., …
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New Composite Declaration Form F-11 Introduced by EPFO: Form 11 & Form 13 Replaced

The EPFO has notified revised/ new version of single page Composite PF Declaration Form F-11 (Aadhaar/ Non-Aadhaar), applicable w.e.f. 20 Sept. 2017, which replaces the existing Form 11 and …
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CBEC Amends/ Reduces GST Rate on Specified Work Contract Services

The CBEC notifies amended/ reduced GST Rates for specified composite supplies of Works Contract Services, job work for textile & textile products, printing service of books, newspapers, etc., admission …
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CBEC’s 31 FAQs on GST in Government Services Sector

The CBEC has compiled and released a booklet containing 31 FAQs on GST in Government Services Sector, for assistance and guidance of the stakeholders in getting acquainted with the …
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Revised Composite Claim Form for Death cases (PF, EPS, EDLI) notified by EPFO

EPFO has revised the prescribed Composite Claim Form for PF Withdrawal in the case of Member’s Death. This composite claim form has already replaced existing Forms No. 20 (PF), 5-IF …
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ICAI’s Technical Guide on Income Computation and Disclosure Standards (ICDS)

ICAI has published a “Technical Guide on Income Computation and Disclosure Standards (ICDS) – First Edition July, 2017”, in view of the fact that 10 Nos. ICDS notified by CBDT on …
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