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PrCIT directed to resolve deposit of TDS into wrong TAN along with Principal Secretary. Income Tax Department directed to release the attached bank account ABCAUS Case Law Citation: ABCAUS 2268 (2018) (04) HC A Government Department (The Petitioner) had filed the instant writ petition against the action of …
Report of the Insolvency Law Committee-Recommendations on the implementation of the Insolvency and Bankruptcy Code 2016 REPORT OF THE INSOLVENCY LAW COMMITTEE The provisions relating to corporate insolvency in the Code came into effect on 1 December, 2016 and has completed a little more than one year in …
Rendering of Valuation Services without a Certificate of Registration under the Companies (Registered Valuers and Valuation) Rules, 2017 till 30th September, 2018 In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), the Central …
Smooth roll out of e-Way Bill system from 1st April, 2018 In a press release issued today, the Government has claimed that e-way bill systems which became effective from 1st April, 2018 has sailed smoothly. The Govt. has relied on statistics of e-way bills generated and taxpayers registered on …
ITRs filed increase during FY 2017-18 as compared to ITRs filed during FY 2016-17. Also, number of new ITR filers have also increased Provisional Direct Tax Collections and Number of Income Tax Returns filed for FY 2017-2018 The provisional figures of Direct Tax collections for FY 2017-18 show …
New GST Tools and facilities for taxpayers. Taxpayers have now been provided with a facility to offset their outstanding demands, entered in Form GST DRC-07 by tax official, with the credit/cash as available with them in ITC/Cash Ledgers. Taxpayers can now declare their opening stock and related ITC …
Clarification with respect to the e-way bill System The e-way bill system for inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new e-way bill system are as follows: 1. Situation : – Consider a situation where a consignor …
ICAI Expert Panel for addressing bank branch audit related queries for the FY 2017-18. n Online support available from April 1st, 2018 to April 15th, 2018 Auditing and Assurance Standards Board of ICAI constitutes an Expert Panel for addressing bank branch audit related queries for the financial year 2017-18. With …
CBEC released detailed FAQs on E-way Bills regarding portal, registration, Enrolment, Login etc.. E-way bill system has been implemented in all India from 1st April, 2018 1. FAQs- General Portal What is the common portal for generation of e-way bill? The common portal for generation of e-way bill …
Indian Accounting Standard (Ind AS) 115, Revenue from Contracts with Customers Central Government, in consultation with the National Advisory Committee on Accounting Standards has amended the Companies (Indian Accounting Standards) Rules, 2015. Accordingly, the Companies (Indian Accounting Standards) Amendment Rules, 2018 has been notified which comes into force from …
