THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) CL & CGC/06/2019-2020/Rep-01 Dated: 4th April, 2019 Shri Anurag Agarwal Joint Secretary Ministry of Corporate Affaris Shastri Bhawan New Delhi Sub: Request to Waive off additional fee for filling ADT-1 where From GNL-2 has already been filed by the Companies. This […]
Section 245 empowers the Revenue to set off or adjust the amounts to be refunded against any amounts remaining payable by the person concerned under the Act is a discretionary remedy. However, before the adjustment is done, intimation would u/s 245 of the Act to the party is mandatory.
Institute of Chartered Accountants of India made UDIN mandatory with effect from 1st February 2019 to curb the very malpractice of fake certificate issuance by ICAI non members. As per Institute’s website “It was noticed that financial documents/ certificates attested by third person misrepresenting them as CA Members are misleading the Authorities and Stakeholders”. ICAI […]
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018. The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Agencies and representatives of concerned State Governments, to oversee the implementation […]
After 21 months of GST Law being in force, the assessees and their tax consultants are realising that GST requires the revisit of every tax planning / practice which was valid in VAT/ST era, This fact has been very well brought out in the recent judgement of Hon’ble Appellate Authority for the Advance Ruling (GST), […]
As per rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year.
Ministry of Corporate Affairs on 29th March, 2019 introduced the Companies (Incorporation) Third Amendment Rules, 2019 and amended Companies (Incorporation) Rules, 2014 had been amended. New rule 38A has been inserted in the Companies (Incorporation) Rules, 2014. As per the newly inserted rule 38A, the application for incorporation of a company under rule 38 (SPICe) […]
Exposure Draft Accounting Standard (AS) 34 Interim Financial Reporting- Interim financial report means a financial report containing either a complete set of financial statements as described in AS 1, Presentation of Financial Statements, or a set of condensed financial statements (as described in this Standard) for an interim period.
Office Order No. 88 of 2019 – Transfer & Posting in the grade of Assistant Commissioners of Income Tax (Probationers) – reg. No.A-22013/4/2019-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 13.04.2019 Office Order No. 88 of 2019 On completion of training […]
What is the RCM (Reverse Charge Mechanism) under GST? Reverse charge is a mechanism under which the recipient of the goods or services is liable to pay the tax instead of the provider of the goods and services. Under the normal taxation regime, the supplier collects the tax from the buyer and deposits the same […]
