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Abcaus

Handicraft and craftsmen

Exemption from IGST Registration to Handicraft Dealers and products made by craftsmen

administrator October 23, 2018 GST
Exemption from IGST Registration to Handicraft Dealers and persons making inter-State taxable supplies of the products made by the craftsmen predominantly by hand even though some machinery may also be used Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 3/2018 …
EPFO

No Prosecution for not seeding Aadhaar with UAN database of EPFO in view of SC Judgment

administrator October 22, 2018 EPFO
No Prosecution for not seeding Aadhaar with UAN database of EPFO. Letter issued by EPFO in view of the Hon’ble Supreme Court’s judgment on AADHAAR The Central Government had issued direction to EPFO under para 78(1) of the Employee’s Provident Fund Scheme, 1952 to issue order making submission …
Jugadu Mechanic

ICAI Misconduct order against two CAs quashed, CAs were held guilty on the basis of TV sting operation

administrator October 22, 2018 CA Appellate Authority, ICAI
Appellate Authority quashes misconduct order against two chartered accountants who were held guilty on the basis of sting operation by Aaj Tak News Channel as “Jugadu Mechanic Part-3” on black money conversion. Serious concerns was expressed over the casual and careless manner in which these matters were decided by …
supreme court judgment abcaus

Urban Improvement Trust not Municipal Committee hence not exempted u/s 10(20) of IT Act – SC

administrator October 22, 2018 Income Tax, Supreme Court
Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 not a Municipal Committee hence not exempted u/s 10(20) of the Income Tax Act, 1961 – SC ABCAUS Case Law Citation: ABCAUS 2585 (2018) (10) SC Important Case Laws Cited/relied upon by the parties: New Okhla Industrial …
RBI

RBI issues dissent note on draft Payment & Settlement System Bill 2018. PRB must be headed by Governor, RBI

administrator October 22, 2018 RBI
RBI issues dissent note on the draft Payment and Settlement System Bill 2018. The Payments Regulatory Board (PRB) must be headed by Governor, Reserve Bank of India The Government, under the chairmanship of Secretary, Department of Economic Affairs, had formed an Inter-Ministerial Committee for finalization of amendments to the …
Due date GSTR-3B extended

Extension of due date for filing GSTR-3B return for Sep 2018 month to 25.10.2018

administrator October 21, 2018 GST
Extension of due date for GSTR-3B return to 25.10.2018 for Sep 2018 month. Last date for availing ITC for Jul 2017 to Mar 2018 also extended to 25.10.2018 21 OCT 2018  Press Release by Ministry of Finance Extension of due date to 25th October, 2018 for furnishing return …

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