CAclubindia News

Accepting of UIN instead of GST number for Foreign missions

Accepting of Unique Identity Number of Foreign Diplomatic Missions / UN Organizations while making sales or supplies Various representations have been received from Foreign Diplomatic Missions / UN Organizations regarding unwillingness of the vendors

ICSI along with NSD council to develop GST Accounts Assistant

Dear Students,Sub: ICSI and National Skill Development Council enter into MoU to Develop GST Accounts AssistantsThe Hon’ble Prime Minister of India, Shri Narendra Modi, while inaugurating Year-Long Golden Jubilee Celebrations of the ICSI on 4th

Exemption from IGST on import of specific sports goods

In a major impetus to promoting sports in the country, the GST Council in its 23rd meeting held at Guwahati on 10th November, 2017, has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrate

Changes recommended in Composition Scheme

The following changes were recommended in the Composition Scheme on the basis of discussions held in the 23rd meeting of the GST Council held at Guwahati today.i. Uniform rate of tax @ 1% under composition scheme for manufacturers andtraders (for tra

List of items with GST rate changes

Full List of 177 items with updated GST Tax rate at 18%. Detailed file attached below

Recommendation made by GST council in 23rd meeting

Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

Revision of GST Tran-1 only once

Revision of Form GST TRAN-1 for Taxpayers who had already filed it prior to 9th November 2017 is available on the GST Portal.If revision of Form GST TRAN-1 is resulting in downward credit, the Taxpayer should be able to revise and file only if he/she

Form GSTR-4 online upload functionality now available on the GST Portal

MCA revises AoC-4 Non-XBRL & AoC-4 XBRL (Non-Ind AS) forms

AoC-4 Non-XBRL and AoC-4 XBRL(Non-Ind AS) forms are being revised and likely to be notified on 7th November 2017 including therein demonetization related changes. Stakeholders may plan accordingly and file using only the revised forms w.e.f. 8th Nove

Insolvency and Bankruptcy Board strengthens its Due Diligence Framework

Insolvency and Bankruptcy Board of India (IBBI) strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016 Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a string