GST council reviews incentives for digital transactions and Sugar Cess 27th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess  1. Incentive to promote Digital Transactions: (a) Keeping in view the need to move towards a less cash economy, the Council …

GST Council approves simplified one monthly return in 3 stage transition. Present system of filing of return GSTR 3B and GSTR 1 to continue for 6 months by which time new return software would be ready.  Ministry of Finance Press Release dated 4th May, 2018 GST Council approves principles for …

Income Tax Rule 11UAB-CBDT invites suggestions on draft notification related to manner of determination of FMV of inventory converted into capital asset. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 3rd May, 2018 PRESS RELEASE CBDT invites suggestions on draft …

Transfer and Posting of recently promoted 228 Assistant Commissioners of Income Tax CBDT has transferred  228 recently promoted Assistant Commissioners of Income Tax (ACsIT) to new postings. The said ACsITs were promoted on ad-hoc basis in November 2017 and February 2018 on the level 10. The transfer takes …

ICAI inviting application for Statutory Audit of its regional offices-branches. Online application to be made latest by 10/05/2018 up to 1600 hours. Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Statutory Audit of various units of the Institute of Chartered Accountants of India (ICAI) …

ICAI inviting application for Internal Audit of its regional offices-branches. Online application to be made latest by 10/05/2018 up to 1600 hours.  Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for Internal Audit of various units of the Institute of Chartered Accountants of India (ICAI) …