Bihar Government extends due date for furnishing GSTR-1 by taxpayers with turnover of more than 1.5 crore rupees for the months from October, 2020 to March, 2021  The 18th December 2020 S.O. 200, Dated 18th December 2020 In exercise of the powers conferred by the second proviso to …

ICAI Advisory to follow the ICAI Valuation Standards 2018 while conducting any type of Valuation Engagement to ensure uniformity and transparency The Institute of Chartered Accountants of India (ICAI) has issued ten Valuation Standards 2018 to promote best practices in this niche area of practice and ensure the consistent, …

ICSI issues Guidance Notes on its Auditing Standards CSAS-1, CSAS-2, CSAS-3 and CSAS-4 ICSI has issued Guidance Notes on its Accounting Standards to equip the Company Secretaries while conducting audits and and to bring uniformity in the professional work. ICSI Guidance Notes on Auditing Standards  Earlier the ICSI …

Provisions regarding Independent Directors appointment further relaxed by MCA Further relaxations by the Ministry of Corporate Affairs till 1st December 2021 for inclusion of the name of Independent Directors in the Independent Directors Data Bank. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th December, 2020 G.S.R. 774(E).—In …

Ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d) – GSTN Advisory GSTN has issued an advisory stating that taxpayers should ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d) Ignore prompt on liability for inward supplies attracting reverse charge …

Mandatory validation of UDIN in Income Tax Forms / Reports. One-time relaxation by CBDT Mandatory validation of UDIN in all Income Tax Forms ICAI Announcement CBDT is validating Unique Document Identification Number (UDIN) generated from ICAI portal while uploading of Tax Audit and other Income Tax Reports as …