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F. No. 211/2018-CL-V  Government of India  Ministry of Corporate Affairs  5th Floor, 'A' Wing, Shastri Bhawan,  New Delhi- 110001  Dated: 17th September, 2020  ORDER   Subject:- Constitution of the Company Law Committee  In continuation..

Posted in LAW |   512 Views



As per provision in Sections 7, 8 & 10 of the GST (Compensation to States) Act, 2017, the issue of pending GST compensation and future course of action to meet the GST compensation shortfall has been discussed in 41st GST Council meeting on 27.08.2020 in the light of the opinion given by Ld..

Posted in GST |   207 Views



Adapt, Adopt and Automate: Augmenting Efficiency for Growth   World’s two leading accounting bodies i.e. The Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England and Wales (ICAEW), in collaboration are delighted to be launch..

Posted in Professional Resource |   147 Views



Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register. This tool will help the taxpayer to co..

Posted in GST  1 comments |   2927 Views



Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-1 or Form GSTR-6. But the GST Portal has notified that the taxpayers now have the facility for the ease of compliance. Know the new facilities made avail..

Posted in GST  2 comments |   2886 Views



The Income Tax Department carried out a search and seizure operation on a prominent Hotelier, owning a chain of Hotels at  Srinagar, Gulmarg, Sonamarg and Pahalgam with another hotel under construction at Leh. Various incriminating documents and materials evidencing unexplained investments i..

Posted in Income Tax  2 comments |   1134 Views



Examination The Institute of Chartered Accountants of India 16th September, 2020 IMPORTANT ANNOUNCEMENT Sub: Reopening of empanelment of members to act as observers for November, 2020 examinations. In continuation to the Announcement dated 20th August 2020, it is informed that the window ..

Posted in Exams |   613 Views



The Institute of Chartered Accountants of India has released a notification with respect to the application/renewal of membership of ICAI. As per the amended regulations, a person who makes an application for membership of the Institute after a period of three years or more from the date of his pass..

Posted in Professional Resource  1 comments |   5374 Views



Version 1.03: Date: 08/09/2020 Help section of e Invoice portal has been updated with new documents. The following Improvements have been done in Validations in IRN Generation API. In case of Credit Note and Debit Note, tax..

Posted in GST |   1208 Views



The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in res..

Posted in Corporate Law |   860 Views


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