CGST (9th Amendment) Rules 2021. Amendment to FORM GST DRC-03 Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No.37/2021 –Central Tax New Delhi, 01st December, 2021 G.S.R…(E).-In exercise of the powers conferred by section 164 of the …
Prosecution for late deposit of TDS after 11 months. Once there was a non-deposit, necessary consequences shall follow including prosecution- Supreme Court ABCAUS Case Law CitationABCAUS 3564 (2021) (12) SC In the instant case, the assessee had wiled a Writ Petition to challenge the sanction letter for prosecution …
CBDT Guidelines under sub-section (4) of section 194-O, sub-section (3) of section 194Q and sub-section (1H) of section 206C of Income-tax Act, 1961 Finance Act, 2020 inserted a new section 194-O in the Income-tax Act 1961 (hereinafter referred to as ” the Act”) which mandates that with effect …
Faceless Assessment order quashed as no password was sent in the link to join video conferencing for the hearing ABCAUS Case Law CitationABCAUS 3563 (2021) (11) HC In the instant case, the assessee had wiled a Writ Petition to challenge the faceless assessment order passed under Section 143(3) …
GSTN launched new & improved version of GSTR-1 which allows saving GSTR-1 details GSTN has launched a new and improved new version of GSTR-1 A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience. These enhancements, would …
Import and export in rough diamonds Amendment in policy conditions. Registration with Gems & Jewellery EPC compulsory MINISTRY OF COMMERCE AND INDUSTRY(Department of Commerce)(DIRECTORATE GENERAL OF FOREIGN TRADE) Notification No. 43/2015-2020 New Delhi, the 22nd November, 2021 Subject: Amendment in policy conditions governing import and export in rough …
Prosecution for late deposit of TDS after 11 months. Once there was a non-deposit, necessary consequences shall follow including prosecution- Supreme Court ABCAUS Case Law CitationABCAUS 3564 (2021) (12) SC In the instant case, the assessee had wiled a Writ Petition to challenge the sanction letter for prosecution …
CBDT Guidelines under sub-section (4) of section 194-O, sub-section (3) of section 194Q and sub-section (1H) of section 206C of Income-tax Act, 1961 Finance Act, 2020 inserted a new section 194-O in the Income-tax Act 1961 (hereinafter referred to as ” the Act”) which mandates that with effect …
Faceless Assessment order quashed as no password was sent in the link to join video conferencing for the hearing ABCAUS Case Law CitationABCAUS 3563 (2021) (11) HC In the instant case, the assessee had wiled a Writ Petition to challenge the faceless assessment order passed under Section 143(3) …
CGST (9th Amendment) Rules 2021. Amendment to FORM GST DRC-03 Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No.37/2021 –Central Tax New Delhi, 01st December, 2021 G.S.R…(E).-In exercise of the powers conferred by section 164 of the …
GSTN launched new & improved version of GSTR-1 which allows saving GSTR-1 details GSTN has launched a new and improved new version of GSTR-1 A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience. These enhancements, would …
GST rate notifications issued as per as recommended by GST Council in 45th meeting CBIC has issued GST notifications to implement the decisions taken at 45th meeting of the GST Council Notification Subject 06/2021-Central Tax (Rate) ,dt. 30-09-2021 Seeks to amend notification No. 11/2017- Central Tax (Rate) …
MCA flags DINs of Directors found disqualified for a period of five years Ministry of Corporate Affairs had flagged the DINs of Directors found to be disqualified under sub-section 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of …
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021 Ministry of Corporate Affairs has notified IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2021. The Form Ni. IEPF-5 of Application to the Authority for claiming unpaid amounts and shares out …
Govt. revise tenure of Justice (Retd.) Shri A.I.S. Cheema as Judicial Member NCLAT for four years. Shri Venugopal M, Judicial Member, NCLAT to act as Chairperson NCLAT MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd November, 2021 S.O. 4607(E).—In continuation of this Ministry’s notifications S.O. 3855(E) dated …
Prosecution for late deposit of TDS after 11 months. Once there was a non-deposit, necessary consequences shall follow including prosecution- Supreme Court ABCAUS Case Law CitationABCAUS 3564 (2021) (12) SC In the instant case, the assessee had wiled a Writ Petition to challenge the sanction letter for prosecution …
Faceless Assessment order quashed as no password was sent in the link to join video conferencing for the hearing ABCAUS Case Law CitationABCAUS 3563 (2021) (11) HC In the instant case, the assessee had wiled a Writ Petition to challenge the faceless assessment order passed under Section 143(3) …
Filling hypothetical income tax payment details in ITR to bypass erstwhile e-filing portal validation – Prosecution u/s 277 quashed by High Court ABCAUS Case Law CitationABCAUS 3562 (2021) (11) HC Important case law relied referred:Rakapalli Raja Rama Gopala Rao vs. Naragani Govinda Sehararao and another Income Tax Officer …
ICAI clarifies on confusion on eligibility of Category IV Individuals/Proprietor CAs for Bank branch audit The Multipurpose Empanelment Form (MEF) for the year 2021-22 has been hosted and is available at https://meficai.org. Both individuals and proprietor Chartered Accountants in practice are eligible to empanel, as in earlier years. …
ICAI advises chartered accountants to file NFRA-2 for 2018-2019 and also for the year ending 31/03/2020 immediately to avoid penal consequences. As per Rule 5 of NFRA Rules 2018, the auditors of specified class of companies are required to file an annual return with NFRA in the prescribed …
ICAI bans 21 Chartered Accountants for guilty of professional misconduct In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, …
Excel Income Tax Challan ITNS 280 for FY 2021-22 AY 2022-23 with database facility. Download ABCAUS Income Tax payment Challan No. ITNS 280 This excel Challan ITNS 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income …
ABCAUS Excel Depreciation Calculator FY 2020-21 under Companies Act 2013 as per Schedule-II Version 05.04 The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015. The ABCAUS Depreciation calculator for FY 2020-21 has also been formulated and styled the same way as its …
Excel Income Tax TDS Challan ITNS-281 version 1.5.1 for AY 2022-23 with database facility Income Tax Challan ITNS 281 is used for payment of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). A PDF version of the challan with instructions can be downloaded from income …
NFRA hiring Chartered Accountants as professionals on contractual basis National Financial Reporting Authority (NFRA) is to engage Chartered Accountants on a contractual basis. The number of likely positions to be filled up is nine (9) which may however be increased or decreased based on the requirement of NFRA. …
Multipurpose Empanelment Form (MEF) for year 2021-22 available at meficai.org ICAI has hosted the Multipurpose Empanelment Form (MEF) for the year 2021-22 at https://meficai.org . This year MEF application have been made simpler and more user friendly. The data pertaining to members and firms will be auto populated from the …
Empanelment to act as ICAI Exam observers for December 2021 CA Exam. Last date to apply is 05.10.2021 EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS DECEMBER 2021 ICAI proposes to empanel members to act as Observers for the forthcoming Dec-2021 …
Govt. allows manufacturer of Petroleum/Crude with Centralised billing/accounting one excise registration MINISTRY OF FINANCE(Department of Revenue) Notification No. 02/2021-Central Excise (N.T.) New Delhi, the 10th November, 2021 G.S.R. 787(E).––In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2017, the Central …
CBIC Instruction on Submission of Intimation of Arrest Report & Incident Report F. No. 394/05/2021-Commr. (Inv-Cus) Instruction No. 21/2021-Customs Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs (Investigation – Customs)******* 10th Floor, Tower-2, Jeevan Bharti Building,Parliament Street, New Delhi-110001.Email: inv-customs@gov.inTel. 011-21400625 …
Applications invited for Customs Broker Examination 2021. Last date 18.11.2021 Applications have been invited for Customs Broker Examination. Indian citizens can appear in the online written examination for issuance of license to act as a Customs Broker under Customs Brokers Licensing Regulations (CBLR), 2018, as amended. …
NFRA imposes penalty of Rs. 25 lakhs and debars CA for 7 years for professional misconduct in statutory audit of ILFS Financial Services Ltd ABCAUS Case Law Citation:ABCAUS 3338 (2020) (07) NFRA The National Financial Reporting Authority (NFRA / Authority) helds CA guilty of professional misconduct for performance …
Applications invited from Company Secretary Professionals for contractual vacancies in Investor Education and Protection Fund Authority (IEPFA) ICSI on behalf of Investor Education and Protection Fund Authority, (IEPFA) Ministry of Corporate Affairs has invited applications from Company Secretary Professionals for Five (5) contractual vacancies in Investor Education and …
Quality Review Board Report on Audit Quality Review 2018-19. Audit documentation, standards on quality control, written representations etc. key concern The Quality Review Board (QRB) has been set up by the Government of India under section 28A of the Chartered Accountants Act, 1949. The QRB publishes its …
