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Archive: 18 February 2020

Posts in 18 February 2020

Key Features of Proposed GST New Returns

February 18, 2020 21675 Views 8 comments Print

Government intends to introduce GST New Return System from 01-04-2020. Explaining the key features a PPT is prepared and the same can be downloaded here. GST New Return System New Return or New System 2.0 ? > For implementing the new return system Section 43A is inserted in CGST Act in August, 2018. But the […]

Interest on delayed Payment on Gross Liability | Section 50(1) | CGST Act 2017

February 18, 2020 45600 Views 13 comments Print

In past few days there has been lot of debate on which amount, interest under section 50 of the CGST Act shall be levied i.e on Net tax liability (tax paid by cash) or on Gross tax liability in case of delayed payment of tax. Before going head, let us read the section 50. Section […]

Suggest how to enhance audit independence & accountability: ICAI

February 18, 2020 1623 Views 0 comment Print

ICAI invites suggestions/comments from members on Consultation paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability by 12.00 Noon on 21st February, 2020. Also Read Here –MCA proposes amendments to enhance Audit Independence & Accountability 18th February, 2020 Announcement Sub: ICAI invites suggestions/comments from members […]

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