NEW GST RETURNS SUGAM, SAHAJ LIVE ON GST PORTAL

GST UPDATE|CAN WE TAKE GST INPUT TAX CREDIT OF INVOICES NOT COMING IN GSTR2A|GST ITC RULES

GOOD NEWS|NO NEED TO GIVE SAC IN GST INVOICE OR GST RETURN|HSN CODE IS REQUIRED IN GST RETURN

Homebuyers to pay 12% GST on balance due if completion certificate issued by 31 March: CBIC

Homebuyers will have to pay 12 percent GST on balance amount due to the builder if the housing project has been granted completion certificate by 31 March, 2019, the CBIC has said.
Builders who have received a completion certificate for an ongoing project before 1 April, 2019, will

Registration Of The GST, ESI, EPF Under Companies (Incorporation) Third Amendment Rules, 2019

According to the notification the rules are applicable from the date of its publication in official gazette i.e. 29th March, 2019. MCA is continuously making registration procedure simple, fast & centralized. Currently, the form SPICE is required to be filed for incorporation of a company with

Tax Audit Report Changes,GAAR & GST DETAILS नहीं देनी,Clause 30C & 44 Form 3cd, Form 3cd Amendment

GST Concepts & Status as on 1st May 2019 by CBIC

Click here to download

NEW AMENDMENTS IN GSTR 3B AS 14/05/2019

President Arif Alvi lauds CA professionals for their technical expertise

ISLAMABAD, Pakistan: President Dr Arif Alvi has commended Chartered Accountant (CA) professionals for the global recognition and respect they have acquired because of their technical expertise, adherence to ethics and integrity.
While talking to a delegation of the Institute of Chartered Accountants of Pakistan (ICAP) who called on him at the Aiwan-e-Sadr in Islamabad on Tuesday, the president appreciated the contributions of ICAP in establishing and regulating the accountancy and auditing professions in addition to imparting

1 in 3 British Accountants Feel Stressed Every Day

The accountancy profession is in the grip of a mental health crisis, with a shocking new study finding that a third (31%) of chartered accountants feel stressed on a daily basis. The research, conducted by CABA, the chartered accountants’ well being charity, found that as few as 2% of respondents claim

expression of interest (eoi) from reputed firms of chartered accountants based in/having office in mumbai for appointment as concurrent auditor

• Private Company, Mumbai, Maharashtra (11 May 2019) expression of interest (eoi) from reputed firms of chartered accountants based in/having office in mumbai for appointment as concurrent auditor for auditing the investment transactions and related systems of the company
  Address :
  

Market Update 14/5/2019

*Economic Times*
*Business Standard*

Ø  Automated GST refund for exporters by next month
Ø  Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil Sibal
Ø  Tata Power, Mahanagar Gas ink pact to offer various services

ATTENTION TAXPAYERS|MAINTAIN THESE RECORDS AND BOOKS OF ACCOUNT IN GST|SECTION 35 OF GST ACT

Commerce Ministry seeks cut in compliant burden on firms

In an attempt to bring down the compliance burden on companies, especially the small and medium enterprises (SMEs), the commerce ministry has urged the ministry of corporate affairs (MCA) to explore avenues where firms can opt for self-certifying their returns as well as clubbing all the returns

Delta Corp shares tank 13% after two units booked in GST evasion case

Shares of Delta Corp slumped over 13 percent after CNBC-TV18 reported that two Delta Group units were booked for GST evasion. Directorate General of Good and Services Tax (GST) Intelligence has booked two Goa-based Delta group companies -- M/S Delta Corp and Highstreet Cruises &

MCA-21 is on real-time basis, ghost cos get ousted via KYC drive: Government

NEW DELHI: As the government sets out to counter views of its agency raising eligibility of MCA-21 data as one of the tools to arrive at GDP numbers, the Corporate Affairs Ministry has dismissed any bogus data within the database saying MCA-21 is on real time basis and if a company after entering the database is non-functional, it gets removed at the time of KYC drive.
"MCA 21 is on real time basis. Shell, bogus companies are being eradicated… If a company is

GOOD NEWS|CAN GST RETURN BE FILED WITHOUT PAYMENT OF TAX|GSTR3B FILING WITHOUT TAX PAYMENT

Degrees of 521 Pakistan Airlines employees found to be fake auditors in dillema

The Pakistan Minister for the Aviation Division, Ghulam Sarwar Khan, has told the National Assembly that 609 degrees of employees of Pakistan International Airlines (PIA) have been found as fake and/or tampered with over the past 5 years.
In a written reply to a question by the Pakistan Muslim League-Nawaz (PML-N) lawmaker Tahira Aurangzeb, the Minister for Aviation Division told the House that out of 521 PIA employees having

Employers will now have to download full Form16 from TRACES portal only

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This year, the Central Board of Direct Taxes (CBDT) has made a couple of changes to the way we file our taxes. After revising the information to be provided in Part-B of Form-16, CBDT has issued another notification where it has made it mandatory for employers to download and issue Part-B of Form 16 to employees only from the TRACES portal. This notification was issued on May 6, 2019.
TRACES refers to TDS Reconciliation Analysis and Correction Enabling System. It enables the

Taxability Of Bogus Share Capital U/s 68: Impact Of Supreme Court Judgment In NRA Iron & Steel 412 ITR 161

Advocate Dharan V. Gandhi has conducted a thorough analysis of the recent judgement of the Supreme Court in PCIT vs. NRA Iron & Steel 412 ITR 161 on the taxability of bogus share capital and premium u/s 68 of the Income-tax Act. He has explained the nuances of