Sunday, 17 February 2019

17 February 2019 Updates

🌻 UDIN SERIES 🥀

✅ What is meant by “Document Description”?

Ans:  “Document Description” is the details of the document for which the UDIN is being generated and is to be filled between 15 to 50 characters.

✅ Q32. What are the Financial Figures and Particulars required to be mentioned for generating UDIN?

Ans : Any Financial Figure and its particular from the document such as Turnover, Net worth etc. for which UDIN is being generated is to be mentioned under Financial Figures and Particulars. The particular is to be filled between 10 to 50 characters.
Two Financial Figures are mandatory out of three fields. In case, there is no financial figure in the certificate being certified, 0 is to be mentioned in Financial Figure and in its particular please mention “There is no Financial Figure in Certificate”.

# ICAI : Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.
https://www.icai.org/new_post.html?post_id=15450&c_id=219

# DGFT Circular No. 19/2015-2020 dt. 14-02-2019 : Discontinuation of physical issuance of Advance/EPCG Authorizations issued from 01.03.2019 onwards for EDI ports.

# AAR Rajasthan Activity in relation to Mid-day meals & Anganwadi meals covered under scope of supply in GST. In re M/s The Akshaya Patra Foundation.

# AAR Rajasthan ITC of central tax paid in Haryana is not available to applicant registered in Rajasthan. In re M/s IMF Cognitive Technology Private Limited.

# Upcoming Due Date - 20-02-2019
    - GSTR-3B for the m/o January 2019

👉🏻IICA launches two-year graduate insolvency programme
(With growing demand for insolvency professionals, Indian Institute of Corporate Affairs has launched a graduate insolvency programme (GIP).
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https://goo.gl/bnkjyk

👉🏻PAN Aadhaar Linking is mandatory for tax filers and to be completed by March 31 - CBDT
(CBDT has stressed that Aadhaar-PAN linking is 'mandatory' for those filing an Income Tax Return and this procedure has to be 'completed' by March 31 this year)
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https://goo.gl/wj6VPf

👉🏻ICAI withdraws announcement on Auditor rotation after govt directive
(In a rare instance, the Ministry told ICAI to "immediately withdraw" the announcement and also provide reasons for making such an announcement, according to a letter)
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https://goo.gl/4PKpYt

👉🏻Appointment of Internal Auditors for Hindustan Prefab Ltd
(The HPL has its head office at Jangpura, New Delhi with its 06 Regional /site office located at Thiruvanathapuram, Guwahati, Patna, Cuttak, Asansol, Arunachal Pradesh, Mizoram and Nagaland.)
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https://goo.gl/LcN2tZ