Due Date Sept 15, 2018 for payment of PF, ESI, Advance Income Tax and KYC of DIN.
Finance Ministry extended the last date for filing final sales return GSTR-1 for July 2017 to September 2018 period till October 31 and also waived the late fee for the delayed filing of returns. The numbers of taxpayers who have filed summary sales return GSTR-3B is substantially higher than the number of taxpayers who furnished GSTR-1.
National Anti Profiteering Authority (NAA) ruled that suppliers will be liable to pay penalty for not passing the benefits of GST rate reduction on sale of goods in a case against Jaipur-based Sharma Trading Company indulged in profiteering in contravention of Sec 171 of CGST Act.
SEBI is looking at including NRIs in the foreign portfolio investor’s quota. Sources said the regulator had written to the central government, seeking its opinion on this. The move could open a new source for foreign inflows into the country, as NRIs are currently not big investors because of regulatory curbs.
All unlisted public companies have to issue shares in demat form mandatorily with effect from 2nd October 2018. Private limited companies, small companies and opc companises can still issue shares in physical form.
Global private equity (PE) funds are likely to be among those most affected by the beneficial ownership norms notified by MCA u/s 90 of the Companies Act, 2013. According to the new rules, a company can suspend control rights on its shares if the PE fund does not disclose the beneficial owner.
UCO Bank invites online applications from practicing firms of CA for empanelment as Concurrent Auditors FOR 01-10-2018 TO 30-09-2019. Last date is 12-09-2018.
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50 Vacancies for Chartered Accountants / Cost Management Accountants in Bank of Maharashtra
Read more at: http://www.taxscan.in/50-vacancies-chartered-accountants-cost-management-accountants-bank-maharashtra/28094/
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Chennai Customs grants First Automated Bill of Entry
Read more at: http://www.taxscan.in/chennai-customs-first-automated-bill-entry/28167/
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NAA confirms Anti-Profiteering Charges against supplier for not passing GST Rate Cut Benefits [Read Order]
Read more at: http://www.taxscan.in/naa-confirms-anti-profiteering-charges-supplier-passing-gst-rate-cut-benefits/28141/
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Printing of Pamphlets / Leaflet is “Service” under GST: AAR [Read Order]
Read more at: http://www.taxscan.in/printing-pamphlet-leaflet-service-gst-aar/28187/
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GST: Calcutta HC transfers Appeal filed in Wrong Forum, Directs to Disposal within Four Weeks [Read Order]
Read more at: http://www.taxscan.in/gst-calcutta-hc-transfers-appeal-filed-wrong-forum-directs-disposal-four-weeks/28147/
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GST Evasion: Govt forms Office of GST Commissioner (Investigation)
Read more at: http://www.taxscan.in/gst-evasion-office-investigation/28213/
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AAR Rejects Application since Matter already under consideration of Dept [Read Order]
Read more at: http://www.taxscan.in/aar-rejects-application-matter-already-consideration-dept/28207/
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KVAT Amendment Extending Period of Limitation to Six Years not Applicable to Completed Assessments: Kerala HC [Read Judgment]
Read more at: http://www.taxscan.in/kvat-amendment-extending-period-limitation-six-years-completed-assessments-kerala-hc/28178/
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👉🏻Govt sets up office of GST Commissioner (Investigation) to deal with tax evasion
(The revenue department has created the office of Commissioner GST (Investigation) to deal exclusively with enforcement issues like search, seizure and arrest, as it looks to crackdown on tax evaders)
👇🏻 👇🏻 👇🏻
https://goo.gl/v8Bfdr
👉🏻Foreign income of visiting NRI is not taxable - ITAT
(ITAT has upheld that the benefit of “extended stay” for determining the tax residential status is available to a citizen of India or a Person of Indian Origin (PIO) who visits the country during a particular year)
👇🏻 👇🏻 👇🏻
https://goo.gl/PuUqfX
👉🏻Appointment of Chartered Accountants / Cost Accountants for GST Audit of NTC
(NATIONAL TEXTILE CORPORATION LIMITED) wishes to appoint Chartered Accountants /Cost Accountants for GST Audit for the year 2017-18)
👇🏻 👇🏻 👇🏻
https://goo.gl/Pi4qTs
👉🏻Empanelment/Appointment of GST Auditors for NHPC
(NHPC Ltd. invites Expression of Interest (EOI) from Firms/LLPs of Chartered Accountants / Cost Accountants for Empanelment/ Appointment of GST Auditors)
👇🏻 👇🏻 👇🏻
https://goo.gl/MHh4GK
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ITAT can direct AO for fresh enquiry into aspects of subject matter of appeal. Case M/s. Fidelity Business Services India Pvt. Ltd. Vs ACIT (Karnataka High Court)
MCA time limit for filing the BEN‐2 form would be 30 days from the date of deployment of BEN‐2 e‐form on the MCA‐21 portal without any additional fee.
SEBI has directed the NSE to keep four senior officials, served show-cause notices (SCN) in the co-location case, out of action. Sources said these four key managerial personnel (KMP) will have to remain out of the bourse’s “sensitive” and “confidential” matters until the probe is complete.
Supreme Court has stayed the Reserve Bank of India's circular, preventing initiation of Insolvency proceedings against their stressed power assets to private power, textiles companies and shipowners etc.
RBI is becoming consistent in adding gold to its foreign currency reserves. In July the central bank added 6.8 tonnes, the highest monthly accretion after 2009. This came at a time when the central bank spent more than $25 billion defending the falling rupee.
Special courts under the NCLT are likely to be set up by November to deal with an increasing number insolvency cases. The Ministry of Corporate Affairs is working on this proposal.
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Provisions of Unexplained Cash Credit does not attract If no Cash involved in Transaction of Allotment of Shares: Madras HC [Read Judgment]
Read more at: http://www.taxscan.in/unexplained-cash-credit-attract-cash-transaction-allotment-shares-madras-hc/28231/
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Chartered Accountants Firms to get Registration Number in 24 Hours: ICAI
Read more at: http://www.taxscan.in/chartered-accountants-firms-registration-icai/28199/
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GST Evasion: Govt forms Office of GST Commissioner (Investigation)
Read more at: http://www.taxscan.in/gst-evasion-office-investigation/28213/
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GST Dept recovers Rs. 1.12 Lakh Crore wrongly availed Input Tax Credit in GSTR-3B
Read more at: http://www.taxscan.in/dept-recovered-rs-1-12-lakh-crore-wrongly-availed-credit-gstr-3b/28217/
