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CBDT’s Revised ICDS (applicable from AY 2017-18) along with Clarifications/ FAQs

CBDT notifies the revised ICDS (I to X) applicable from FY 2016-17 (AY 2017-18) excluding the cases of Individuals and HUF not subject to Tax audit. Also issues draft …
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RCM based GST Applicability on Legal Services provided by Advocates: CBEC Clarification

The CBIC has clarified certain issues relating to applicability of GST based on Reverse Charge Mechanism (RCM) in the case of legal services provided by Advocates. Further, CBEC has asserted that …
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Use of C Form, F Form and H form under CST/ VAT

To avoid cascading effects of CST/ VAT and to avail concessions or exemptions, various forms, like ‘C Form’, ‘F Form’, ‘H Form’, etc. have been prescribed, which can be …
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Amended Modes of Verification (EVC/ OTP) under CGST Rules, notified by CBEC

CBEC notifies amended provisions relating to prescribed modes of verification for e-submission of all applications, replies to notices, returns, appeals, etc., like using digital signature certificate (DSC) or e-signature …
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Provisions of GST Compensation to States Act, 2017 Applicable from 01/07/2017: CBEC GST Compensation Notification 1/2017

CBEC notifies 01/07/2017 as the commencement date in respect of all the provisions/ sections of the GST Compensation to States Act, 2017, i.e. Sections 1, 2, 3, 4, 5, …
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IGST Registration Authority (OIDAR Services): Integrated Tax Notification 2/2017

The CBEC has notified the ‘Principal Commissioner of Central Tax, Bengaluru West’ as the IGST Registration Authority/ Jurisdiction in the case of OIDAR Services providers, located in non-taxable territory, …
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ICAI Permits Members to ‘Hold COP’ and Work as ‘Insolvency Professional’

The ICAI has announced that Members holding COP and CA Firms/ Companies (where he/she is a partner/ director) can provide services as “Insolvency Professional” (as part of “Management Consultancy …
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Revised Procedure for Submission of Form 15G/ 15H along with CBDT Clarifications

CBDT has simplified/revised the procedure for e-filing of Form 15G/ 15H (declaration forms for no TDS) and clarified the due dates for quarterly submission by payer and annual submission …
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Add/ Register Representative at E-Filing Portal: User Manual by Income Tax Deptt.

The Income Tax Deptt. has issued User Manual explaining the procedure to be followed for utilising the new functionality “Add/Register as Representative” recently enabled on it’s e-Filing portal. The …
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ICAI’s Clarification and Guidance Note on Audit of Consolidated Financial Statements (Revised 2016)

ICAI’s Guidance Note on Audit of Consolidated Financial Statements (Revised 2016 Edition) relating to procedures for preparation and presentation of consolidated financial statements under AS/ Ind AS, has been …
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