GST Revenue collection for the month of June, 2019 stands at Rs.99,939 crore Total number of GSTR 3B Returns filed for the month of May up to 30th June, 2019 stands at 74.38 lakh Posted On: 01 JUL 2019 Total gross GST revenue collected in the month of June, 2019 is ₹ 99,939croreof which CGST is ₹… Read More »
Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function – (01-07-2019) It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders. To curb this… Read More »
E way Bill Extension after Expiry Allowed : New Rule Notified : Good news Summary Before Amendment 28.06.2019 : The validity of an e-way bill can be extended before it gets expired and once it expires it cannot be revived. After Amendment from 28.06.2019 A proviso has been inserted which enables the generator to… Read More »
GST MSMEs Booklet released by Hon’ble FM GST MSMEs Booklet released by Hon’ble FM-Click here
Ministry of Finance Fake Insurance Policies Posted On: 01 JUL 2019 The Insurance Regulatory and Development Authority of India (IRDAI) has informed that as per the information provided by various insurers, the year-wise break-up of fake motor policies is as under: Fraud Monitoring Analysis – Data pertaining to fake Motor Policies Financial Year No. Amt.… Read More »
Ministry of Finance CBDT Circular Posted On: 01 JUL 2019 Central Board of Direct Taxes had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of section 56(2)(viia) of the Income-tax Act, 1961 being anti-abuse provisions shall not be applicable in cases of receipt of shares by the specified company or firm as result of… Read More »
GST Cash Ledger New Rule Notified & PMT 9 Summary: Changes in GST Cash Ledger – OIDAR cannot pay GST Challan by Electronic Accounting System in Excise and Service Tax – Now a registered person can transfer any amount of tax / interest / penalty / fee to any other head in the electronic… Read More »