Roll out of e-Way Bill in five states from 15th April 2018 As per the decision of GST Council, e-Way Bill system for all inter-State movement of goods has been rolled out from 01st April 2018. E-Way Bill in five states from 15th April 2018
SEBI Circular regarding Foreign Investment in India Monitoring of Foreign Investment limits in listed Indian companies Foreign Investment in India is regulated in terms of clause (b) of sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read
Finalisation Of Books Of Accounts At Year End: GST Related Issues To Consider By CA Tarun Arora & CA Rahul Parashar Issue 1: Related Party Transactions The entity shall identify related persons’ transactions deemed to be undertaken even without consideration as prescribed under Schedule I,
Filing of GSTR 4 for qtr ended on 31st March: New utility for the filing of GSTR 4 is released by CBIC.This utility is named as GST offline utility v2.1.Let us discuss some important points related to this utility. Information to be provided: Following tables
DIRECT TAX UPDATE A glimpse of new requirements in ITR forms for AY 2018-19 after direct tax update: 1. Additional disclosure requirements for Ind AS Compliant Companies. [Applicable for ITR 6] 2. Fees for late filing of return [Section 234F]. [Applicable for ITR 1 to
Change in the Income Tax Returns forms has become an annual feature Some changes are incorporated every year. Following are the change in the Income Tax Returns forms has become an annual feature For the current year, there is no change in the form number
Due Dates during the month of April 2018 ■ 10-04-2018- Due date for filing GSTR -1 for the month of February 2018 – Applicable for taxpayers with Annual Aggregate turnover More than 1.5 Crore. ■ 14-04-2018- Due date for issue of TDS Certificate for tax
No need for Manual submission for LUT On 6th April 2018, Circular No.40/2018 is issued regarding the clarification for the acceptance of the LUT. This circular modifies the previously issued Circular no. 8/2017 dated 4th October 2017. Following are the modifications made with the circular:
Meaning of Cognizable Offense in India Cognizable offense means an offense where a police officer can arrest without warrant. In the language of law: cognizable offense means an offense for which, and ‘cognizable case’ means a case in which, a police officer may, in accordance
“Ignorance of the law is no excuse in any country. If it were, the laws would lose their effect, because it can always be pretended”. – Thomas Jefferson (1829). Indian tax laws are perceived to be the second most complex in the Asia-Pacific region, becoming
