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Mandatory to Record UIN on invoice issued to Foreign Diplomatic Missions/Embassies/Consulates and UN Organizations

June 9, 2018 1773 Views 0 comment Print

Complaints have been receved regarding unwillingness of many big brands of groceries, clothing, retail stores, airline operators, travel agents and e-commerce websites, etc. to record UINs on invoices issued to Embassies, Missions, Consulates and UN Organizations.

Task Force on Shell Companies identifies 225910 more companies for being struck-off

June 8, 2018 2733 Views 0 comment Print

2nd drive to be launched during the current Financial Year 2018-19 ; a total of 2,25,910 companies identified for being struck-off under section 248 of the Companies Act

Shifting of DGIT (Vigilance) to new premise

June 8, 2018 5484 Views 0 comment Print

It is to inform that the Directorate General of Income Tax (Vigilance) is shifting to new premise at 2′ Floor, JLN Stadium, New Delhi. All telephone lines etc. have also been disconnected.

Cabinet approves interventions to deal with current crisis in sugar sector 

June 6, 2018 768 Views 0 comment Print

In order to improve the problem of liquidity of sugar mills resulting in accumulation of huge cane price arrears of farmers, the Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the following measures involving total amount of about Rs. 7000 crore:

EOI to be in Panel to act as Interim Resolution Professionals

June 6, 2018 993 Views 0 comment Print

Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018.

View Export Ledger to check IGST difference in Form GSTR 3B & GSTR 1

June 6, 2018 7425 Views 3 comments Print

A hyperlink to View Export Ledger on Track Status page has been provided to taxpayers on www.gst.gov.in, to view details of IGST and Cess payment details, return wise, to show them the difference of IGST and cess as shown in Form GSTR 3B and Form GSTR 1.

Provide details of affiliation with Multinational Accounting Firms : ICAI

June 6, 2018 2796 Views 0 comment Print

The Group has decided to obtain information from all the Members holding Certificate of Practice as on 01.04.2018 who presently have or at any time in the past seven financial years had networking relationship or affiliation by whatever name called with any Multinational Accounting Firms in India.

ICAI extends last date for making online claim of CPE hours

June 6, 2018 10392 Views 0 comment Print

Extension of last date for submission of Self Declaration form for claiming CPE Hours under Unstructured Learning Activities for the Calendar Year 2017- from 31st May, 2018 to 30th June, 2018

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018

June 6, 2018 8955 Views 0 comment Print

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 provides significant relief to home buyers by recognizing their status as financial creditors. This would give them due representation in the Committee of Creditors and make them an integral part of the decision making process

No loss of files of Nirav Modi/ Mehul Choksi in Scindia House fire

June 4, 2018 10200 Views 0 comment Print

News reports have been appearing in some sections of the media alleging that records & documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the Scindia House fire in Income Tax Office in Mumbai. It is hereby clarified that the said reports are completely false & misdirected.

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