NCLT (Mumbai Bench) : In Wig Associates Private Limited
Amended section 29A is effective from the date of Ordinance which introduced that section as every statute is prima facie prospective.
Read full case law at : https://dasgovernance.com/2018/09/03/nclt-mumbai-bench-in-wig-associates-private-limited/
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More Opportunities to CA Profession: ICAI selects Panel of CA Firms for Inspection of Mutual Funds
Read more at: http://www.taxscan.in/profession-icai-selects-panel-ca-firms-inspection-mutual-funds/27757/
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IMPORTANT DUE DATES FOR THE MONTH OF SEPTEMBER 2018:
A. Due dates for Compliances under GST:
10-09-2018- Due date for filing GSTR -1 for the month of August 2018. Applicable for taxpayers with Annual Aggregate turnover More than 1.50 Crore
20-09-2018- GSTR-3B for the m/o August 2018
B. Due dates for Comp under Income tax:
07-09-2018- Due date for deposit of tax deducted/collected at source for the month of August 2018
14-09-2018- Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB in the month of July 2018
15-09-2018- Due date of deposit of second installment of advance tax for the assessment year 2019-20
30-09-2018 – Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA, 194-IB in m/o August 2018
30-09-2018 – Audit report under section 44AB for the assessment year 2018-19 in the case of a corporate/non-corporate assessee (who is required to submit return of income on September 30, 2018)
C. Due dates for under Companies Act;
15-09-2018- Application for KYC of all Directors for the year ending 31.03.2018 via form DIR-3 KYC
D. Due dates for Compliance under ESI, PF Acts:
15-09-2018- PF Payment for m/o August 2018
15-09-2018- ESIC Payment for m/o August 2018
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GST Amendment Bills get approval from the President
Read more at: http://www.taxscan.in/gst-amendment-bills-president/27754/
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Low Revenue: CBIC to remove around 12 Lakh Assessees from GST Net
Read more at: http://www.taxscan.in/low-revenue-cbic-12-lakh-assessees-gst-net/27785/
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Failure to Inform Cessation of Director / Partner of Insolvency Professional Entity would attract Penalty: IBBI [Read Circular]
Read more at: http://www.taxscan.in/failure-inform-cessation-director-partner-insolvency-professional-penalty-ibbi/27771/
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*👉🏻Govt plans exam for individuals looking to become independent directors*
(Govt plans to have examinations for individuals who want to become independent directors as part of bolstering the corporate governance framework)
👇🏻 👇🏻 👇🏻
https://goo.gl/muozDG
*👉🏻Father’s name not mandatory for PAN
(Govt has proposed to amend rules and forms under Income Tax Act to ensure that children of single mothers do not face any hassle in securing the 10-digit alphanumeric known as PAN)
👇🏻 👇🏻 👇🏻
https://goo.gl/mvMLGU
*👉🏻Govt spent Rs 132.38 crore on GST advertisements
(Govt spent Rs 132.38 crore on advertisements for GST, an agency under the Ministry of Information and Broadcasting has said in reply to an RTI query)
👇🏻 👇🏻 👇🏻
https://goo.gl/zXovWy
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Cab Aggregators liable to pay GST on Trip Charges: AAR [Read Order]
Read more at: http://www.taxscan.in/cab-aggregators-pay-gst-trip-charges-aar/27793/
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Govt spent 132 Crore for GST Promotion
Read more at: http://www.taxscan.in/govt-spent-132-crore-gst-promotion/27799/
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CBDT Notifies Income Tax Exemption to Press Trust of India [Read Notification]
Read more at: http://www.taxscan.in/cbdt-notifies-income-tax-exemption-press-trust-india/27787/
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Activity of Renting of Phars / Tin Sheds / Shops for Marketing / Trading of Flowers attract Service Tax: CESTAT [Read Order]
Read more at: http://www.taxscan.in/renting-phars-tin-sheds-shops-marketing-trading-flowers-service-tax-cestat/27728/
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SUPREME COURT : In The Authorised Officer, State Bank of India vs. Allwyn Alloys Pvt. Ltd. & Ors.
No civil court can exercise jurisdiction to entertain any suit or proceeding in respect of any matter which a DRT or DRAT is empowered by or under this Act to determine and no injunction can be granted by any Court or authority in respect of any action taken or to be taken in pursuance of any power conferred by or under the Act.
Read full case law at : https://dasgovernance.com/2018/09/04/supreme-court-in-the-authorised-officer-state-bank-of-india-vs-allwyn-alloys-pvt-ltd-ors/
