Monthly Archives: May 2017

Due date for Statement of Financial Transaction ( SFT ) Extended to 30.06.2017

By | May 31, 2017

Central Board of Direct Taxes (CBDT) extends the due date for furnishing Statement of Financial Transaction (SFT) to 30th June 2017 Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under Rule 114E of the Income-tax Rules, 1962. The due date for filing such SFT… Read More »

GST-A Practical Approach – Book May 2017 Edition

By | May 31, 2017

GST-A Practical Approach Paperback – 2017 by IRS /CA Ashu Dalmia /CA Shaifaly Girdharwal Vashishtha Chaudhary (Author) Rs 525 .Click to buy this book online Author : Vashishtha Chaudhary  Ashu Dalmia  Shaifaly Girdharwal Edition : 2017 Edition Date of Publication : May 2017 ISBN No.:9789386482563 Binding : Paperback No. Of Pages : 372 Weight (Kgs) : 0.405 View Contents… Read More »

Category: GST

ICAI Suggestions on GST Acts

By | May 31, 2017

The Institute of Chartered Accountants of India Suggestions on GST Act 1. General Suggestion(s) In lines with Central Excise Tariff Act, interpretive notes to GST classification of Goods as well as Services be provided to ensure the correct classification of goods. Provisions related to Settlement Commission as provided draft laws be reinstated as initially due… Read More »

Category: GST

Procedure for Acceptance of SFT Statements from Sub-Registrar and Post Offices

By | May 31, 2017

DGIT(S)-ADG(S)-2/e-filingnotification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 7 of 2017 New Delhi, 30th May, 2017 Procedure for Acceptance of Statement of Financial Transactions from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of… Read More »

GSTIN declaration mandatory for all Importer and Exporters w.e.f 01.07.2017

By | May 30, 2017

Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01-07-2017, the likely implementation date of GST, to avail IGST credit on Imports or GST refund on exports. The declared GSTIN would be validated for correct IEC/ PAN linkage. Accordingly, during GSTIN registration, please ensure declaration of correct IEC and… Read More »

Category: GST

Last date for registration of CPT/IIPCC/Final under existing scheme of CA Course

By | May 30, 2017

Press Release For CPT/IIPCC/Final under the existing scheme of CA Course – Last Date of registration On or before June 30, 2017 The role of a Chartered Accountant is evolving continually to assume newer responsibilities in a dynamic environment. In the given dynamic scenario, the potentiality of the Chartered Accountancy education system, to meet the… Read More »

ICAI set ups GST Sahayata Desks

By | May 30, 2017

Goods and Services Tax (GST) is all set to be rolled out from July 1, 2017 as India’s biggest federal taxation reform. GST is an integrated tax which works on the concept of “One Nation One Tax”. The biggest benefit of GST implementation would be removal of cascading effect of multiple taxes and seamless flow… Read More »

Category: GST