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Filing of refund application for multiple tax period under GST enabled

ICAI letter to govt on deduction of TDS under MVAT Act under GST

ICAI/IDTC/2018-19/Rep/113rd Oct, 2018Sh. Rajiv Jalota (LAS) The Commissioner, The Maharashtra Goods and Services Tax 8th floor, Goods and Services Tax (GST) Bhavan, Mazgaon, Mumbai - 400010 Sub: Deduction of TDS under MVAT Act by Govt. Dept. even aft

Direct tax collection at 5.47 lakh crore growing at 16.7%

Direct Tax Collections for F.Y. 2018-19 up to September, 2018 (Half-yearly figures) show that gross collections are at Rs. 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last yearThe provisional figur

CBI Arrests an Income Tax Inspector in A Bribery case of Rs. 10 Lakh

The Central Bureau of Investigation has arrested an Income Tax Inspector, working in the office of Joint Commissioner, Income Tax, Range-III, Lucknow and a private person in a bribery case of Rs. 10 lakh. A case was registered U/s 7 and 7A of PC Act,

MCA notifies NFRA to come into force from October 1, 2018

Ministry of Corporate Affairs (MCA) notifies National Financial Reporting Authority (NFRA) to come into force from October 1, 2018.NFRA mandated to act as an independent regulator for the auditing profession. Refer to the Notification: MINISTRY OF CO

Key Features of new TDS Return preparation software

i. Integration of new Encryption certificate in File Validation Utilities (FVUs)- Renewed Encryption certificate with extended validity has been integrated in FVUsii. Incorporation of latest File Validation Utility (FVU) version 5.9 (applicable for T

MCA concludes ILFS affairs conducted in a manner prejudicial to public interest

The Central Government, based on a report received from the Regional Director, Mumbai, Ministry of Corporate Affairs, concluded that the affairs of IL&FS holding Company and its group companies are being conducted in a manner prejudicial to publi

List of Nomination received for ICAI elections

ELECTIONS - 2018 Nominations received till the last date and time of receipt of nominations i.e. 6.00 PM of 27th September, 2018 Details of region-wise members whose nominations have been received, within the appointed time and date i.e. 6.00 p.m. on

GST collection crossed Rs 94000 crore in September 2018

Revenues collected in September shows an upward trend as compared to August, 2018 The total gross GST revenue collected in the month of September, 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. 21,061 crore, IGST is Rs. 50,07

ICAI President's Message - October 2018

My dear Professional Colleagues,October always reminds we Indians of Mahatma Gandhi, who was born on 2nd October in the year 1869. Freedom fighter and social reformer Gopal Krishna Gokhale, who devoted his life to the cause of education, had said: It