GST UPDATE:
GSTR 9C is now available on the portal, get ready to upload the Audit Reports....
https://www.gst.gov.in/download/gstr9c
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👉CBIC releases Excel based Form GSTR-9C Offline Tool. GSTR-9C Offline utility is designed to help Auditors to prepare Taxpayer’s GSTR-9C Statement Offline.
👉The RBI's Revised Stressed Assets Resolution Circular is likely to be out after the elections to clear the Model Code of Conduct, and also the regulator may need time to have consultations with Legal Experts, Industry and Government before bringing the framework out
👉SEBI’s new rule pertaining to reviewing the account of Unlisted Subsidiaries of Listed Entity could go a long way in preventing the reoccurrence of the IL&FS debt saga. SEBI last month issued Guidelines on Group Audit making Statutory Auditors even more accountable while preparing Audit Report, mandating them to undertake a Limited Review of All Entities accounts of which are consolidated with the Listed Entity.
👉In a judgement of far-reaching implication in the Insolvency and Resolution Process, the NCLT Chennai Bench held that a party having a Vested Interest /Relation with a Corporate Debtor should not be a part of the Committee of Creditors (CoC).
👉According to Official Data, Nearly half of their Total Admitted Claims worth over ₹1.42 Lakh Crore have been recovered by Financial and Operational Creditors from as many as 88 Debt-Ridden Companies under the Insolvency Law till February 28.
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Stackholders may note that the correct Sequence of Uploading Incorporation related form is :
1.SPICE INC 32
2.MOA INC 33
3.AOA INC 34
4.AGILE INC 35
GST / ESIC/PF registration through form AGILE is optional however the form is necessarily required to be uploaded along with Incorporation related form by selecting No Radio button and attaching DSC of One of the Promoters.
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# ICAI Request MCA to Waive off additional fee for filling ADT-1 where From GNL-2 has already been filed by the Companies
# DGFT Public Notice No. 04/2015-20 dt. 12-04-2019 : Amendment in proforme of End Use Certificates for grant of permission for export of items under SCOMET control list.
https://dgft.gov.in/sites/default/files/PN%20No.%204%20dt.%2012.04.19%20Eng_0.pdf
# Case Study : Interest on NPAs cannot be taxed on accrual basis in case of NBFC
Pr. CIT Vs Bajaj Finance Limited (Bombay High Court)
# Certificate Course on Forex and Treasury Management - Forthcoming Batches at Noida, Mumbai & Bengaluru
https://resource.cdn.icai.org/54876ccmip44063.pdf
# New e-TDS/TCS Return Preparation Utility released Ver. 2.6 wef 12th April 2019
Upcoming Due dates :
18-04-2019 - Quarterly return for taxpayers opting for Composition Scheme(GSTR-4)
20-04-2019 - GSTR-3B for the m/o March 2019