CAclubindia News

CBEC releases draft GST rules on Assessment and Audit , eWay Bill

17 April 2017 at 13:31

CHAPTER ---ASSESSMENT AND AUDIT1. Provisional Assessment(1) Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of section 60 shall furnish an application in FORM GST ASMT-

Posted in GST | 3 comments | 9309 Views

Unique pin code allotted to CPC Bangalore for submission of ITR V

17 April 2017 at 11:45

A unique PINCODE 560500 has been allotted to Centralized Processing Centre (CPC), Income Tax Department located in Bengaluru by the Department of Post. Taxpayers can henceforth address their mails to “Centralized Processing Center, Income Tax D

Posted in Income Tax | 5277 Views

Implementation guide on Auditor's report

17 April 2017 at 11:45

Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013(Pursuant to Notification No. G. S.R. 307(E) and Notification No. G.S.R. 308(E

Posted in Audit | 5709 Views

Over 60000 persons identified for investigation into excessive cash sales

17 April 2017 at 11:45

Over 60,000 persons, including 1300 high risk persons, identified for investigation into claims of excessive cash sales under Central Board of Direct Tax (CBDT)’s Operation Clean Money (OCM) Extensive enforcement action by the Income Tax Depart

Posted in Income Tax | 4323 Views

Raids by Enforcement Directorate on offices of CA in Delhi

13 April 2017 at 18:07

Our attention has been drawn to the media reports regarding the raids conducted by the Enforcement Directorate on the offices of the Chartered Accountants in New Delhi, who were alleged to be involved in the money laundering and hawala like transacti

Posted in Others | 7 comments | 21858 Views

MCA considering Aadhar integration for MCA21 services

13 April 2017 at 10:59

MCA is actively considering Aadhaar Integration for availing various MCA21 related services. As a preparatory step, all individual stakeholders viz. DIN holders/Directors/Key Managerial Personnel/Professionals of the Institute of Company Secretaries

Posted in Others | 3459 Views

Tax Exemption to Startups

13 April 2017 at 10:59

Various tax exemptions have been given to Startups in the recent past -Following direct tax incentives were provided in Income-tax Act,1961 (‘the Act’) to promote Start-ups through Finance Act,2016:Introduction of new section 54EE in Inco

Posted in Income Tax | 5124 Views

Steps taken to ensure robust cyber security of GST Network

12 April 2017 at 10:51

GST network free from cyber-attack and data theftTill 7:00 Pm on 1st March, 2017, 48,48,641 taxpayers had enrolled on GST portal (www.gst.gov.in )Necessary steps are being taken by GSTN to ensure robust cyber security of GST Network. To ensure the sa

Posted in GST | 3117 Views

GST a clear departure from the scheme of distribution of fiscal powers

12 April 2017 at 10:51

Introduction of GST Tax on sale or purchase of goods within a State as per Entry List II of Seventh Schedule of the Constitution is a State subject, and accordingly, VAT was been introduced by the concerned States, in place of turnover taxes. The int

Posted in GST | 3147 Views

Hasmukh Adhia to visit NE region to review preparedness for GST

12 April 2017 at 10:51

Revenue Secretary, Dr. Hasmukh Adhia to leave on a four day visit to North East to review the preparedness of the North Eastern Region for GST The Revenue Secretary, Government of India, Dr. Hasmukh Adhia will leave on a four day visit to North East

Posted in GST | 2709 Views