Daily Archives: September 11, 2018

Aadhar not mandatory for booking an International Parcel : Department of Posts

By | September 11, 2018

Press Information Bureau Government of India Ministry of Communications 10 SEP 2018 9:04PM by PIB Delhi Aadhar not mandatory for booking an International Parcel, says Department of Posts The Department of Posts today clarified that it is mandatory to produce an Identity Proof acceptable for important transactions like booking an International Parcel or International EMS… Read More »

Issue & transfer of shares in dematerialised form only by all unlisted Public companies

By | September 11, 2018

Press Information Bureau Government of India Ministry of Corporate Affairs 11 SEP 2018 10:17AM by PIB Delhi MCA notifies  issue & transfer of all shares in dematerialised form only by all unlisted Public companies The Ministry of Corporate Affairs (MCA) has notified that with effect from 2nd October, 2018, issue of further shares and transfer of… Read More »

Taxmann Companies Act with Rule : 10th Edition September 2018

By | September 11, 2018

Companies Act with Rules-As Amended by Companies (Amdt.) Act 2017 & Insolvency & Bankruptcy Code (Second Amdt.) Act 2018 (10th Edition,September 2018) Paperback – 2018 by Taxmann Price Rs 1295 buy online Click here Edition : 10th Edition 2018 Date of Publication : September 2018 Binding : Paperback No. Of Pages : 1648 Weight (Kgs) : 1.76 Description Taxmann Companies Act with Rule :… Read More »

Taxmann GST on Financial Services Book : September 2018 Edition by Aditya Singhania

By | September 11, 2018

GST on Financial Services : September 2018 Edition)  As Amended by CGST (Amdt.) Act 2018/IGST (Amdt.) Act 2018/UTGST (Amdt.) Act 2018/GST (Compensation to States) Amdt. Act 2018 (September 2018 Edition) Paperback – 2018 by Aditya Singhania . Description of Taxmann GST on Financial Services Book : September 2018 Edition  : Also Incorporating: Banking Services Insurance Services Stock Broking Services Price Rs 700 buy… Read More »

GST Order passed without considering objections of assessee was to be set aside : HC

By | September 11, 2018

HIGH COURT OF RAJASTHAN Sakeel v. State Tax Officer SANJEEV PRAKASH SHARMA, J. S.B. CIVIL WRITS NO. 13485 OF 2018 JULY  4, 2018 Alkesh Sharma, Adv. and Sarvesh Jain, Adv. for the Petitioner. R.B. Mathur, Adv. and Ms. Tanvi Sahai, Adv. for the Respondent. JUDGMENT 1. It is stated by learned counsel for the petitioner that show cause notice was issued… Read More »

Reopening of assessment of Sonia Gandhi and Rahul Gandhi is valid : Delhi HC

By | September 11, 2018

It was stated that the debt owned by the Associated Journals Ltd. (AJL) to the tune of over Rs. 90 crores was assigned to YI for only Rs. 50 lakhs. In the case of Mr. Rahul Gandhi, no doubt, the assessment originally completed, was under Section 143 (3). Had he disclosed in his returns or… Read More »

SBI Process of updating GST status ” Waiting for Confirmation/No Response from Bank ” by SARAL /RETAIL users

By | September 11, 2018

The process of updating GST status (‘Waiting for Confirmation/No Response from Bank’) for successful Bank Transactions by SARAL /RETAIL users of State Bank of India (SBI0  is advised as under: 1. SARAL/RETAIL user login to INB system (internet Banking)  using his/her credentials. 2. SARAL/RETAIL user clicks Enquiries tab and selects Status Enquiry (left NAV) 3.… Read More »

Category: GST

ICICI Bank Overdraft facility based on GST returns : GST Business Loan

By | September 11, 2018

ICICI Bank Business Loan facility based on GST returns Quick overdraft facility of upto Rs 1 crore Any MSME customer (including non ICICI Bank customers) can apply for it Customers can apply for the OD without showing financial statements Mumbai: ICICI Bank Ltd. announced the launch of a new working capital facility that enables MSMEs… Read More »

6 New GST Notification issued on 10.09.2018 by CBIC

By | September 11, 2018

New GST Notification issued on 10.09.2018 by CBIC Following are the 6 New GST Notification issued on 10.09.2018 by CBIC Notification No 48/2018 Central Tax : CGST Ninth Amendment Rules 2018 : TRAN 1 reopend Notification No 47/2018 Central Tax : GSTR 3B Date Extended for newly migrated Taxpayer from from July 2017 to November2018… Read More »

Category: GST

Extension of Due Dates for filing of FORM GSTR-1 and FORM GSTR-3B : Press Release 10.09.2018

By | September 11, 2018

Ministry of Finance Extension of Due Dates for filing of FORM GSTR-1 and FORM GSTR-3B in certain cases It has been observed that the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1. Non-furnishing of FORM GSTR-1 is liable to late fee and penalty as per the provisions of the GST… Read More »

“validated with error” while uploading on GST Portal

By | September 11, 2018

Taxpayer’s guide on what to do when receiving an error “validated with error” while uploading statement on the GST Portal,  I am getting a message “validated with error” while uploading statement on the GST Portal. What do I do? In case any statement is validated with error, click the Download Invalid Invoice link. Open the invalid invoice… Read More »

Category: GST

BEN-1 due date and Form to be revised shortly : MCA

By | September 11, 2018

Due date and Form No. BEN-1 to be revised. Due date of 10th September for filing BEN-1 declaration and revised BEN-1 to be notified shortly General Circular No. 08/2018 F.No.01/01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road. New Delhi Dated: 10.09.2018 To All Regional Directors, All Registrars… Read More »

Every unlisted public companies to issue shares in dematerialised form : MCA Notification

By | September 11, 2018

Every unlisted public company to issue securities only in dematerialised form and facilitate dematerialisation of all its existing securities – MCA [To be published in the Gazette of India, Extraordinary, Part II, Section 3, subsection (i)l Government of India Ministry of Corporate Affairs Notification New Delhi, dated the 10th September,2018 G.S.R. _ (E).- In exercise of… Read More »

No TDS default if TDS deducted as per certificate issued under Sec. 197 : ITAT

By | September 11, 2018

The rates prescribed in the certificate issued u/s. 197 of the Act, the deductor or the person responsible for paying has to apply the rates as per that certificate as provided u/s. 197 clause (2) of the Act. IN THE ITAT LUCKNOW BENCH ‘A’ Kribhco Shyam Fertilizers Ltd. v. Income-tax Officer, (TDS) Bareilly T.S. KAPOOR,… Read More »

ICAI formed group to review evaluation of examination answer books system

By | September 11, 2018

No.M-626/Rev-eva-ans-bk/2018 9th September, 2018 All Members of the Council Madam/Dear Sir, Sub: Group to review the evaluation of examination answer books system The President, in terms of the authority given to him in the 373rd meeting of the Council held on 12th February 2018 has constituted the group consisting of members of the Council to… Read More »