Daily Archives: June 27, 2019

Amendment in GSTR 1 for FY 2017-18 : GSTN Clarification

By | June 27, 2019

Amending Invoices reported in Form GSTR 1, pertaining to financial year 2017-18 27/06/2019 1.Some taxpayers have reported that they are not able to amend the invoices reported in their Form GSTR 1, pertaining to financial year 2017-18. 2.In this context attention of taxpayers is brought to point number 3 of the Removal of Difficulty Order… Read More »

Category: GST

New Draft Direct Tax Law Scope Increased

By | June 27, 2019

The Central Board of Direct Taxes (CBDT) has broaden the Terms of Reference (ToR) in order to draft new Direct Tax Law. The 5 new ToR have been included which are faceless & anonymised scrutiny/assessment, system based cross verification of financial transactions, reduction in litigation & expeditious disposal of appeal, reduction of compliance burden and… Read More »

No ITC on capitalization of building materials : AAR

By | June 27, 2019

AUTHORITY FOR ADVANCE RULINGS, RAJASTHAN Rambagh Palace Hotels (P.) Ltd., In re J.P. MEENA AND HEMANT JAIN, MEMBER ADVANCE RULING NO. RAJ/AAR/2019-20/05 APRIL  30, 2019 Sanjeev Agarwal, AR for the Applicant. ORDER   Note : Under Section 100 of the CGST/RGST Act, 2017, an appeal against this ruling lies before the appellate Authority for Advance Ruling constituted under… Read More »

SEBI Manual by Taxmann (34th Edition June 2019)

By | June 27, 2019

SEBI Manual (Set of Three Volumes) (34th Edition June 2019) Price Rs 5995 Buy online Click here Paperback: 4520 pages Publisher: Taxmann; 34th Edition June 2019 edition (2019) Volume 1 SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 SEBI Act 1992 Securities Contracts (Regulation) Act 1956 with Rules/Regulations SEBI Rules/Regulations/Circulars & Guidelines for Bankers to an… Read More »

UDIN for Cost Accountants from July 5, 2019.

By | June 27, 2019

UDIN for Cost Accountants The concept of UDIN (Unique Document Identification Number) is proposed to curb the malpractices of misleading the Authorities and Stakeholders by non-CMAs misrepresenting themselves as CMAs and attesting the financial documents / certificates. UDIN will secure the certificates attested / certified by practicing CMAs (in full time practice only). This will… Read More »