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

GSTN portal crashes on all important penultimate day, taxpayers staring at late fees.
posted on 20th October 2018, 5.52 PM
Many taxpayers are not able to access the GSTN portal since today afternoon , the last date for filing September 2018 month's GSTR 3B…

ICAI issues Technical Guide on Annual Return & GST Audit
The Institute of Chartered Accountants of India have hosted a draft version of Technical Guide on Annual Return & GST Audit – 17-10-2018. This is the First Edition of the publication.
In Its Preface…

30% GST taxpayers set to loose Input Tax Credit for non filing of monthly 3B return of period upto March 2018
GST was launched on 1st July 2017 termed as biggest tax reform in India after independence , nearly 15 months have lapsed after the same.
Initially as…

CBDT says they have already extended the due date for filing of ITRs & TARs from 30.09.18 to 31.10.18. thus, this issue stands suitably redressed and no further extension of time is warranted on this ground
The CBDT have clarified that it will not extend…

ICAI issues clarificatory letters to Times Of India, Pioneer, Tribune over misleading reporting about  lesser number of CAs paying Income taxes.
The Institute of Chartered Accountants of India have issued letters to 3 Editors of leading dailies Times of India…

#GSTN portal is not working since afternoon, receiving many concerns from friends across the country, kindly reply to this tweet if you are also facing the same issue alongwith screenshot. Thanks @cbic_india @askGSTech @gstindia

Committee of Experts submits its report on Regulating audit firms and the Networks based on issues raised by the Supreme Court
 
The Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through…