1. India starts Anti-Subsidy Probe/Investigation into Increased Import of Copper Wire Rods Indonesia, Malaysia, Thailand and Vietnam following complaints by Domestic Players including Hindalco Industries and Vedanta Industries. The Commerce Ministry's Investigating arm Directorate General of Trade Remedies (DGTR) in a notification stated that there is "Prima Facie Evidence" of existence of subsidies on production and exports of 'Continuous Cast Copper Wire Rods' in these four countries.
2. ICAI releases handbook on Taxation of Non-Residents - Revised (2018) [Based on the law as amended by the Finance Act, 2018].
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Members of ICAI and ICSI Chandigarh give representation to MCA for extending due date of DIR-3 KYC and abolishing penalty thereon. They are also considering to file a writ if no relief is provided to the directors.
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Computer Based Exam for GST Practitioners : Registration starts from 25th September
Read more at: http://www.taxscan.in/computer-based-exam-gst-practitioners-registration/28459/
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ICAI has further requested CBDT to extend time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018 as CBDT has not followed Norms of Earlier Years of discussing Important Changes in Tax Audit Report with ICAI, there was Constant changes in Utilities relating to Tax Audit Forms, Delay in release of utilities and Issue in utility of ITR Form No. 5.
ICSI Representation to MCA for Extension of DIR 3 KYC filing due date on September 14, 2018, but it seems MCA is not in mood to extend the Due date Further.
Government has notified the GSTR-9C form for annual GST audit under which every taxpayer above Rs 2 crore turnover in a financial year would need to fill up a reconciliation statement and also obtain a certification of audit.
Gujarat High Court struck down provisions of the GST law that forbid transition of excise duty credits on purchases prior to June 30, 2016. The GST law did not allow credit of invoices that were more than one year old i.e., invoices which were dated prior to June 30, 2016.
RBI may conduct OMO purchases worth Rs 1 lakh crore this fiscal . Market players expect more open market operations (OMOs) via bond purchase programmes would help offset the fallout of the 30-40 basis points spike in short-term rates at a time when liquidity in the banking system is drying up amid increased outflows.
Government announces merger of Bank of Baroda, Dena Bank and Vijaya Bank. https://www.wbca.st/T73xgvw
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👉🏻21 Lakh directors may get another chance to adhere to KYC rules
(The government is considering giving another opportunity to 2.1 million company directors who have failed to comply with the ‘know your customer’ (KYC) norms)
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https://goo.gl/RPTXLZ
👉🏻Exam, Pattern & Syllabus for GST Practitioners
(The Registration Portal will be activated on 25th September, 2018 and will remain open up to 10th Oct 2018. The examination for such GSTPs shall be conducted on 31.10.2018 from 1100hrs to 1330 hrs at designated Examination Centres across India)
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https://goo.gl/k3euk8
👉🏻Govt notifies withholding tax waiver for masala bonds
(Investors will not have to pay withholding tax, a key levy on the rupee-denominated masala bonds this financial year, the government said in a notification)
👇🏻 👇🏻 👇🏻
https://goo.gl/KVPMUZ
👉🏻Empanelment of Internal Audit in NLC India Limited and its subsidiaries
(Empanelment of Internal Audit in NLC India Limited and its subsidiaries. Last Date - 24.09.2018)
👇🏻 👇🏻 👇🏻
https://goo.gl/vxWjD9
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Hike in Monetary Limit for Tax Appeals: Dept to file Single Application in High Courts and CESTAT [Read Circular]
Read more at: http://www.taxscan.in/hike-monetary-limit-tax-appeals-dept-file-single-application-high-courts-cestat/28456/
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Income Tax Exemption to Interest Income on Specified Off-shore Rupee Denominated Bonds
Read more at: http://www.taxscan.in/income-tax-exemption-interest-specified-off-shore-denominated/28464/
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Concessional GST Rate available to all Affordable Housing Projects, Registration under PMAY not required: AAR [Read Order]
Read more at: http://www.taxscan.in/concessional-gst-rate-affordable-housing-projects-registration-pmay-not-required-aar/28474/
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Society not liable to pay GST on Maintenance of Parks provided to Govt and Local Authorities: AAR [Read Order]
Read more at: http://www.taxscan.in/society-not-liable-pay-gst-maintenance-parks-govt-local-authorities-aar/28510/
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Cafe Coffee Day liable to pay 5% GST without Input Tax Credit: AAR [Read Order]
Read more at: http://www.taxscan.in/cafe-coffee-day-pay-5-gst-input-tax-credit-aar/28502/
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All You Need to Know about GST Practitioners Exam 2018: Golden Opportunity for CA, CS, CMAs
Read more at: http://www.taxscan.in/need-know-gst-practitioners-exam-2018-golden-opportunity-ca-cs-cmas/28508/
