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Notifications/Circulars

Promotion of 118 Income Tax Officers in the grade of ACIT

August 23, 2018 8949 Views 0 comment Print

Promotion of 138 Income Tax Officers in the grade of Assistant Commissioner of Income Tax on ad-hoc basis vide Order No. 137 of 2018 Dated- 23rd August, 2018.

IRP/RP cannot allow other CA Firms to raise bill on his behalf: IBBI

August 23, 2018 1647 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (Board) issued a show-cause notice (SCN) dated 18th December, 2018 to Mr. Dinkar T. Venkatasubramanian, Ernst & Young LLP, Golf View Corporate Tower B, Sector 42,Gurugram,Haryana, 122002, who is a Professional Member of the Indian Institute of Insolvency Professional of ICAI and an Insolvency Professional (IP) registered with the Board having registration number IBBI/IPA-001/IP-P00003/2016-17/10011 in respect of authorising E & Y LLP to raise invoices for his fee and other out of pocket expenses for work undertaken by him as an Interim Resolution Professional (IRP) and Resolution Professional (RP) in the matter of JEKPL Private Limited [Company Petition No. 24/Ald/2017] for violation of the provision of section 5 (13) of the Insolvency and Bankruptcy Code, 2

Intelligence based Enforcement action- Tax payers allotted to Central Tax Authorities

August 23, 2018 2382 Views 0 comment Print

It is noticed that the officers of the Department have been conducting audit of tax payers allotted to state authorities and whenever any modus operandi is noticed in evading tax in a particular trade, the audits are confined to State allotted taxpayers only leaving the tax payers allotted to central tax authorities unattended. This results in not realizing the SGST dues to the State from the taxpayers allotted to Central Tax Authorities.

Chartered Accountants (Election to the Council) Amendment Rules, 2018

August 23, 2018 1053 Views 0 comment Print

G.S.R. 796(E). Central Government hereby makes following rules further to amend Chartered Accountants (Election to the Council) Rules, 2006 namely Chartered Accountants (Election to the Council) Amendment Rules, 2018.

Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2018

August 21, 2018 4200 Views 0 comment Print

MCA has notified new format of Form No. DIR-3 KYC and extended due date of filing DIR-3 KYC from 31st August, 2018 to 15th September, 2018 vide Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2018.

GSTR 3B July 2018 date extended to 24th Aug, 2018

August 21, 2018 71844 Views 4 comments Print

Extension of Last Date for filing GSTR-3B for July, 2018 extended till 24th August, 2018 for all class of taxpayers As per PIB also The last date for Filing of Return in FORM GSTR-3B for the month of July, 2018 has been extended till 24th August, 2018 for all class of taxpayers by the Competent […]

Duty Exemption on goods imported for Kerala Flood Relief

August 21, 2018 1095 Views 0 comment Print

Notification No. 59/2018 -Customs dated 21.08.2018 seeks to exempt BCD & IGST on goods imported for donation for relief & rehabilitation of the people of Kerala affected by the floods upto 31.12.2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 59/2018–Customs New Delhi dated the 21st August, 2018 G.S.R. 789(E).- In exercise […]

Amendment to SEBI Circular on KYC Requirements for FPIs

August 21, 2018 1029 Views 0 comment Print

The existing FPI structures not in conformity with the requirement specified at para 2(c) of the aforesaid circular were required to change their structure or close their existing position in Indian securities market within six months from the date of the circular.

Import Policy of bio-fuels revised from ‘Free’ to ‘Restricted’

August 21, 2018 1638 Views 0 comment Print

Import Policy of bio-fuels revised from ‘Free’ to ‘Restricted’ and allowed for non-fuel purpose on Actual user basis as per the National bio-fuel Policy, 4 June 2018.

Export of Beach Sand Minerals brought under STE

August 21, 2018 4200 Views 0 comment Print

Export of Beach Sand Minerals have been brought under STE and shall be canalized through Indian Rare Earths Limited (IREL). Beach sand minerals, permitted any where in the export policy, will now be regulated in terms of policy under at SI. No. 98A of Chapter 26 of Schedule 2 Export Policy.

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