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 …
