Download ICAI Representation on GST Annual Return 
Indirect Tax Committee of ICAI have submitted detailed suggestions to Finance Minister on GST Annual Return form notified vide notification number 39/2018- Central Tax dated 4th September 2018 (Click for…

Changes effective from 27th September 2018
The Central Board of Direct taxes have revised the Income Tax Return preparation utilities (Excel as well as Java based) for ITR Forms 3,5,6 & 7  wef 27th September 2018. The validation rules during for ITR 7 are…

Challenges & Critical Issues for filing Annual Return Form GSTR - 9 along with key issues of Transitional Credit, Export of Services for Manufacturing and Service Sector

ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949)

Read on for the experience of year 2015 in same situation
Hon Rajasthan High court on 1st October 2018 while delivering judgment on Petition No. 21774/2018 [D.B. Civil Writ (PIL)] filed by The Rajasthan Tax Consultants Association have directed CBDT to consider…

CBIC issues SOP, Ready Reckoner & FAQs on TDS under GST
The concept of Tax Deduction at Source (TDS) was there in the erstwhile VAT Laws. GST Law also mandates Tax Deduction at Source (TDS) vide Section 51 of the CGST/SGST Act 2017, Section 20 of the IGST…

#Gujarat High Court Tax Audit Due Date Writ Update: Matter adjourned to 11th October 2018 . Petitioner submitted Judgement of Rajasthan HC to Hon Court.

ICAI submits representation suggesting non-deduction of TDS under MVAT Act after implementation of GST
Indirect tax committee of ICAI have submitted a representation to Maharashtra GST Commissioner to notify non-deduction of TDS under MVAT Act after implementation…

CPC says the date of approval by the taxpayer will be considered as the date of filing of the Audit Report u/s 44AB
The Central Processing Centre (CPC) of Income Tax department have started an E - Mail campaign for Taxpayers having Business/Professional Receipts…

Valid Lists of Nominations for CA election 2018
The election to Twenty Fourth Council of ICAI will be held in 7th & 8th December, 2018. 
In pursuance of sub-rule (1) of rule 13 of the Chartered Accountants (Election to the Council) Rules, 2006 read with…

CBDT changes ITR preparation utilities for ITR 3,5,6 & 7
The Central Board of Direct taxes have revised the Income Tax Return preparation utilities (Excel as well as Java based) for ITR Forms 3,5,6 & 7  wef 10th October 2018. 
Users are advised to download…

High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS) Matter - (11-10-2018)
The ICAI  President, in terms of the authority given to him by the Council at its 373rd meeting held on 12th February, 2018 has constituted a High Power…

There are no instructions for due date extension in the order yet  
 
Hon Gauhati High Court have directed the CBDT  to consider on or before 25.10.2018 the representation submitted by the petitioners on 20.09.2018 for extension of due date for filing return…

Download - GST on Traders
The Indirect Tax Committee of ICAI have hosted an Article titled GST on traders on its website.
This article has been written with a view to educate traders of the key highlights from the GST Laws that would have a bearing on the…

Technical glitches on GSTN, bottlenecks in GST implementation will cost crores of rupees to valid input tax credit to industry 
The Institute of Chartered Accountants of India (ICAI) have vide letter number ICAI/IDTC/2018-19/Rep/10 dated 11th October 2018…

Composition Dealers need not fill 4A of Table 4 of FORM GSTR-4 clarified FinMin
The Twitter Handle of Finance Ministry have tweeted as under just now
Informed that doubts regarding the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR…

ICAI issues Letter to Editor of Hindustan Times over a news item wrongly terming the accused in Ghatkopar Service Tax matter as a CA
 
The Institute of Chartered Accountants of India have issued a letter to editor of leading national daily Hindustan Times…

Reconciliation of GSTR-2A and FORM GSTR-3B is not necessary to avail GST ITC. Last date to avail ITC for FY 2017-18 is 20th October 2018- CBIC 
The Ministry  of Finance have issued following Press Release with respect to clarification on Last date to avail…

A Representation is made to GST official and bring to their attention issues related Late Fees levied for delayed filing of GST Return, Sepa