CAclubindia News

Targets for GST revenue this year

07 April 2018 at 12:55

The month-wise figures of Central Goods and Services Tax (CGST), State Goods and Services Tax(SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under: (Amount in Rs. Crores)

Posted in GST | 5028 Views

Function of NAA from CCI and CBEC

07 April 2018 at 12:55

Functions of National Anti-profiteering Authority (NAA) from Competition Commission of India (CCI) and the Central Board of Excise and Customs (CBEC)The National Anti-profiteering Authority (NAA) has been constituted under section 171 of the Central

Posted in Income Tax | 5601 Views

Passport to be collected on loan above 50 crore

07 April 2018 at 12:55

Statutory Central Audit and Statutory Branch Audit of Public Sector BanksThe Reserve Bank of India (RBI) is the regulator and supervisor of the banking system, as per power conferred by relevant provisions of the Banking Regulation Act, 1949, the Res

Posted in Income Tax | 3426 Views

RBI keeps repo rates unchanged

06 April 2018 at 11:22

Government of India welcomes the First bi-monthly Statement of FY 2018-19 of the Monetary Policy Committee (MPC).The Ministry of Finance, Government of India welcomes the First bi-monthly Statement of the Monetary Policy Committee (MPC) in the Financ

Posted in Others | 2196 Views

FAQ on IndAS by ITFG

06 April 2018 at 11:22

Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 15Ind AS Transition Facilitation Group (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applica

Posted in Accounts | 6360 Views

Registration as Registered Valuer with Insolvency and Bankruptcy Board

06 April 2018 at 11:22

Process to be followed for registration as Registered Valuer with Insolvency and Bankruptcy Board (IBBI) of India under the Companies (Registered Valuers and Valuation) Rules, 2017With an objective to familiarise the eligible and desirous individuals

Posted in Corporate Law | 3933 Views

Standard deduction available on pension received from former employer

06 April 2018 at 11:22

Clarification regarding applicability of standard deduction to pension received from the former employerThe Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head

Posted in Income Tax | 1 comments | 2685 Views

GST audit report not released by ICAI

06 April 2018 at 11:22

Clarification regarding Circulation of Draft Form 9-C of GST Audit on Social Media This is to inform that ICAI is drafting a format for GST audit (Form 9C) for submission to the Government for their consideration. The same is proposed to be submitted

Posted in GST | 2 comments | 15150 Views

New ITR forms for AY 2018-19 released by CBDT

05 April 2018 at 21:41

The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. The notified ITR Forms are available on incometaxindia.gov.in.

Posted in Income Tax | 8 comments | 75573 Views

Addressing grievance on technical glitches on GST portal

04 April 2018 at 11:32

Circular No. 39/13/2018-GSTF. No. 267/7/2018-CX.8Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and Customs New Delhi, dated the 3rd April, 2018ToThe Principal Chief Commissioners/ Chief Commissioners/ Prin

Posted in GST | 3780 Views