Filing of Annual Return, Form GSTR-9 for financial year 2017-18, by 30th June, 2019 (1) This is in reference to filing of Annual Return, Form GSTR-9, by a normal taxpayer for financial year 2017-18, which is required to be filed by them on GST Portal latest by 30th June, 2019. Kindly note that Annual GST […]
Review of Charges for RBI-operated Payment Systems The Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electronic Funds Transfer (NEFT) System for other fund transfers. Banks, in turn, levy charges on their customers. In order to […]
RBI data on frauds reported to it by banks has been cited in sections of the media to paint a picture of rising frauds in banks in recent years. The fact is that this data is by the year of reporting and not the year of occurrence of the fraud or sanction of loan, Letter of Undertaking etc., which in many cases is of an earlier period.
Competition Commission of India (‘Commission’) has found Madhya Pradesh Chemists and Druggist Association (‘MPCDA’), Indore Chemists Association (‘ICA’), Himalaya Drug Company (‘HDC’) and Intas Pharmaceuticals Limited (‘IPL’) along with some of their office bearers/officials to be in contravention of the provisions of the Competition Act, 2002 (‘Act’).
It has been decided to require the members of ICAI to also mention the UDIN immediately after the ICAI’s membership number while signing audit reports. This requirement will be in addition to other requirements relating to the auditor’s signature prescribed in the relevant law or regulation and the Standards on Auditing.
The submission and processing of return is an important link between the taxpayers and tax administration. Section 44 of the Central Goods & Services Tax (CGST) Act, 2017 stipulates that every registered person shall furnish an annual return for each financial year. Annual return is a consolidation of returns filed i.e. GSTR 1 and GSTR […]
A multi-layered mechanism on grievance redressal exist to taxpayers, as below:– Pan-India Helpdesk: (24 x 7 Helpdesk – CBECMITRA): For all queries related to law and procedure under GST and related IT issues. National Toll-free number: 1800-1200-232 E-mail : cbecmitra.helpdesk@icegate.gov.in Helpdesk manager: Escalation.Cbecmitra@icegate.gov.in Taxpayer Self-service (web-ticketing) Taxpayers may also use a self-service mechanism available under ‘HELP’ tab on […]
That during investigation it was revealed that IL&FS Financial Services Ltd. (hereinafter as ‘IFIN’) is one of the subsidiary companies of the IL&FS Group, whose investigation has also been ordered by MCA as stated above.
Corporation Bank invites online application for selection of Concurrent Auditors for Concurrent Audit of the Branches / Offices of the Bank. The Firms that are already empanelled with the Bank are required to participate as fresh allotment of assignments will be only through this process
Request for Proposal (RFP) For Appointment of Audit firm for conducting Internal Audit & ICFR of BOB Financial Solutions Limited 1.1 Invitation for Tender offers BOB Financial Solutions Limited [Formerly known as Bobcards Ltd.] invites sealed tender offers (Eligibility, Technical bid and Commercial bid) from eligible, reputed entities for RFP for Appointment of Audit firm […]
