Monthly Archives: August 2018

New Income Tax News 18.08.2018

By | August 18, 2018

New Income Tax News 18.08.2018 New Income Tax News New Income Tax News CBDT to revise Form No 13 for applying Lower deduction of Income Tax /TDS :Draft notification [Video] Govt deferred GST Expenses disclosure in Tax Audit Report : GST / Income Tax News CBDT Circular No 6/2018 : GAAR & GST Compliance disclosure in… Read More »

New GST News 18.08.2018

By | August 18, 2018

New GST News 18.08.2018 [ Join online GST Course by CA Satbir Singh ] New GST News New Books for GST , Income Tax & Law Practice (Till Aug 2018) [Video] Govt deferred GST Expenses disclosure in Tax Audit Report : GST / Income Tax News [Video] Goods Sent For Repair and E-Way Bill Free… Read More »

Category: GST

Insolvency and Bankruptcy Code (Second Amendment) Act 2018 : Download /Print

By | August 17, 2018

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 17th August, 2018/Shravana 26, 1940 (Saka) The following Act of Parliament received the assent of the President on the 17th August, 2018, and is hereby published for general information:— THE INSOLVENCY AND BANKRUPTCY CODE (SECOND AMENDMENT) ACT, 2018 NO. 26 OF 2018 [17th August, 2018.]… Read More »

Input Tax Credit not available on Cash carry vans sold as scrap after using those in business : AAR

By | August 17, 2018

As per the meaning assigned to “goods” under clause (52) to Section 2 of the CGST Act, money is excluded from the ambit of the “goods”. coming to the definition of money under the Section 2(75) of the CGST Act, 2017, we find that “money” means the Indian legal tenderbut shall not include any currency that… Read More »

Innovation in Retail Payments : UPI 2.0

By | August 17, 2018

Innovation in Retail Payments : UPI 2.0 (Urjit R. Patel, Governor, Reserve Bank of India, August 16, 2018 – Address at the Launch of Unified Payments Interface(UPI) Version 2) I am pleased that with a view to widen the scope and to increase digital payments in India, an enhanced version of UPI is being launched… Read More »

Category: RBI

CBDT to revise Form No 13 for applying Lower deduction of Income Tax /TDS :Draft notification

By | August 17, 2018

F.No.370142/10/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated the 17th August, 2018 Subject: Draft notification proposing an amendment of the Income-tax Rules, 1962 for making the process of issue of certificate for no deduction, lower deduction and collection of tax electronic – reg.… Read More »

CBDT Circular No 6/2018 : GAAR & GST Compliance disclosure in Tax Audit Report Deferred

By | August 17, 2018

Circular No 6/2018 Govt Deferred General Anti-Avoidance Rules ( GAAR)  & GST Compliance disclosure in Tax Audit Report (Form 3CD) F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division New Delhi, Dated the 17th of August, 2018 Order under section 119 of the Income-tax Act, 1961 Section 44AB of… Read More »

ICAI invites suggestions to new GST return formats

By | August 17, 2018

The ICAI has always been at the service of the Nation with all its resources, expertise and efforts to make the laws simple, transparent & fair in India. Last year, the Indirect Taxes Committee had submitted its suggestions on GST Act, Rules etc. at seven different stages. Out of which, 140 suggestions have been accepted by them and we… Read More »

Category: GST