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Posted Date : 28-Oct-2017 , 08:10:09 am | Posted By CASANSAAR
Observing that a mature democracy should allow views of the minorities also to be expressed, the Madras High Court on Friday dismissed a public interest litigation petition seeking a direction to Central Board of Film Certification (CBFC) to revoke the censor certificate issued to Vijay starrer Mers...
Continue Reading... Category : GST | Comments : 0 | Hits : 424
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Posted Date : 28-Oct-2017 , 08:08:09 am | Posted By CASANSAAR
Little over a month before Gujarat goes to polls, tax professionals across the state are up in arms against the government over the problems faced by them in filing goods and services tax (GST) returns. As part of their protests, chartered accounts, advocates, tax practitioners and traders on Friday...
Continue Reading... Category : GST | Comments : 0 | Hits : 1078
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Posted Date : 27-Oct-2017 , 09:23:29 am | Posted By CASANSAAR
The Govt has time and again extended the various dates for filing of GST returns as it's system was not ready but why is it taking so much time to do so in case of Tax Audit Reports and Returns. Do they think that we professionals are magicians. We are unable to cope up with all these l...
Continue Reading... Category : Tax Audit | Comments : 0 | Hits : 6230
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Posted Date : 27-Oct-2017 , 08:02:57 am | Posted By CASANSAAR
The Government on Thursday extended the deadline by a month till November 30 for businesses to claim credit of transitional stock in the Goods and Services Tax (GST) regime. “Form GST TRAN-1 (with revision facility) extended to November 30, 2017,” said a tweet by GST@GOI, the official tw...
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Posted Date : 27-Oct-2017 , 07:54:09 am | Posted By CASANSAAR
The corporate affairs ministry asked states to complete identification of properties owned by deregistered companies at the earliest and ensure district administrations prevent transactions in those assets. Amid intensifying efforts to fight the black money menace, the ministry has also urged the...
Continue Reading... Category : MCA | Comments : 0 | Hits : 399
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Posted Date : 26-Oct-2017 , 08:52:13 pm | Posted By CASANSAAR
Prime Minister Narendra Modi on Thursday said a new consumer protection law is on the anvil to crack down on misleading ads and ensure that grievances are redressed in a time-bound and cost-effective manner. He said, the Government is committed towards consumer interest protection and is in proce...
Continue Reading... Category : General | Comments : 0 | Hits : 310
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Posted Date : 26-Oct-2017 , 05:07:00 pm | Posted By CASANSAAR
FORM GST TRAN - 1 (with revision facility) extended to 30th November 2017. Suitable order will be issued shortly. www.casansaar.com...
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Posted Date : 26-Oct-2017 , 02:02:11 pm | Posted By CASANSAAR
CBDT have revised E-filing Income Tax Return Preparation Utilities for filing of all types of Income Tax Return Forms, Tax Audit Report under section 44 AB and also the schema for Tax Audit Reports. It is to be noted that last date for filing the Tax Audit Reports and connected Income Tax Retur...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 872
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Posted Date : 26-Oct-2017 , 09:32:55 am | Posted By CASANSAAR
Businesses which have migrated to the GST regime but wish to cancel their registration can do so now on the GSTN portal. The utility named ‘Cancellation of Registration of Migrated Taxpayer’ has been launched on Wednesday on the GST Network (GSTN) portal, its CEO Prakash Kumar said on...
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Posted Date : 26-Oct-2017 , 09:28:20 am | Posted By CASANSAAR
It is now personal income taxpayers’ turn to get relief from the rigours of taxation. About 4 million income taxpayers, who were to get extra tax demands for their FY17 income due to discrepancies in their tax returns, will now be spared. They will also get any tax refunds due for the year ove...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1995
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Posted Date : 25-Oct-2017 , 06:13:05 pm | Posted By CASANSAAR
As per Sec 286(2) of the Income-tax Act, 1961 (Act), due date for furnishing Country by Country Report (CbCR) in respect of an international group by its constituent or parent entity is the date specified under section 139(1) of the Act for furnishing tax return for the relevant year. Since...
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Posted Date : 25-Oct-2017 , 05:02:54 am | Posted By CASANSAAR
Last date to file Tax Audit Report u/s 44AB and respective Income Tax Returns of the Income Tax Act 1961 should be extended because of lots of compliances in GST, TDS, ROC, ICDS. We request every Member to please Tweet / Retweet to PM/FM/PMO/FINMIN at their Twitter Handles. @PMOIndia @arunjaitle...
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Posted Date : 25-Oct-2017 , 07:44:13 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday slapped a Rs6 crore penalty on Yes Bank Ltd for breaching its rules on classifying non-performing assets and failing to report a security incident involving its ATMs on time. Separately, RBI also imposed a Rs2 crore penalty on IDFC Bank Ltd for breaching re...
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Posted Date : 25-Oct-2017 , 07:37:21 am | Posted By CASANSAAR
The Cabinet has approved a capitalisation plan of two lakh eleven thousand crore rupees for public sector banks. Addressing a press conference in New Delhi this evening, Finance Minister Arun Jaitley said, the huge spending on infrastructure announced today will give a fillip to private sector in...
Continue Reading... Category : Banking | Comments : 0 | Hits : 382
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Posted Date : 24-Oct-2017 , 05:34:56 pm | Posted By CASANSAAR
GST Revenue Figures – As on 23rd October, 2017 The total revenue of GST paid under different heads (upto 23rd October, 2017) for the month of September 2017 is Rs. 92,150/- crore. The total CGST revenue is Rs. 14,042 crore, SGST revenue is Rs. 21,172 cror...
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Posted Date : 24-Oct-2017 , 04:13:53 am | Posted By CASANSAAR
The government today waived off penalty on delayed filing of initial Goods and Services Tax (GST) returns for the months of August and September. In a tweet, Finance Minister Arun Jaitley said, the decision to waive off late fee on filing of GSTR-3B for last two months has been taken to fac...
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Posted Date : 24-Oct-2017 , 08:37:32 am | Posted By CASANSAAR
After the additional burden of Goods and Service Tax (GST) and the fluctuation in fuel prices, Maharashtra government has decided to permit contractors to submit escalated bills with variation of 5%, so that contractors will not face any major financial losses. The civil and road cont...
Continue Reading... Category : GST | Comments : 0 | Hits : 534
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Posted Date : 24-Oct-2017 , 08:32:13 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) is looking to tighten listing norms to prevent fly-by-night operators from getting listed on stock exchanges, said four people aware of the development. The capital market regulator’s move follows the government’s ongoing crackdown on ...
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Posted Date : 22-Oct-2017 , 12:09:47 am | Posted By CASANSAAR
Goods and Services Tax Network (GSTN) has launched an excel-based offline tool for businesses to file initial GSTR- 3B returns. GSTN, in a statement in New Delhi, said that taxpayers can download the offline utility from the GSTN portal and after fill in the data the file can be uploaded on...
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Posted Date : 22-Oct-2017 , 10:29:10 am | Posted By CASANSAAR
Even three months after the roll-out of the goods and services tax (GST), the level of compliance continues to be low in filing returns. In fact, less than half of assessees filed summary returns under the GST for September, for which the deadline was October 20. Government officials claime...
Continue Reading... Category : GST | Comments : 0 | Hits : 727
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Posted Date : 22-Oct-2017 , 10:26:09 am | Posted By CASANSAAR
Reserve Bank of India said biometric identity number Aadhaar linkage with bank accounts is mandatory. The RBI clarification followed media reports quoting a reply to a Right to Information (RTI) application that suggested the apex bank has not issued any order for mandatory Aadhaar linkage w...
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Posted Date : 18-Oct-2017 , 10:59:59 pm | Posted By CASANSAAR
The income tax department today came out with draft notification for fresh registration of trusts who have carried out modification of their objects. The Finance Bill, 2017, proposed to amend section 12A of the Income Tax Act to state that where a trust/institution registered under section ...
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Posted Date : 19-Oct-2017 , 09:22:12 am | Posted By CASANSAAR
The Income Tax Department has launched an 'online chat' service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues. A window has been hosted on the main page of the department's website -- www.incometaxindia.gov.in/ -- with a pr...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 625
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Posted Date : 18-Oct-2017 , 08:33:40 am | Posted By CASANSAAR
In order to clear the pendency of cases as on 30th June 2017 before the Commissioners of Central Excise and Service Tax (Appeals), the CBEC will redistribute the cases pending in the jurisdiction of a Principal Chief Commissioner / Chief Commissioner of Central Excise and Service Tax, among other Co...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 937
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Posted Date : 17-Oct-2017 , 05:56:06 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today launched gold options trading on the leading commodity bourse MCX and said this is one of the steps towards formalising trade in the yellow metal. Options are derivatives which give a buyer the right but not the obligation to buy or sell an underlying asset or ...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 301
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Posted Date : 17-Oct-2017 , 12:33:33 am | Posted By CASANSAAR
Thanks to a technical glitch on the GST website, traders and chartered accountants found it difficult to file GST returns. The deadline for filing GST returns for September transactions is October 20. However, when returns were uploaded on the website, it erroneously issued penalties for late fil...
Continue Reading... Category : GST | Comments : 1 | Hits : 3407
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Posted Date : 17-Oct-2017 , 08:36:36 am | Posted By CASANSAAR
Markets regulator Sebi asked exchanges to prefer physical settlement system for commodity derivatives contracts, a move that is expected to help hedgers manage risk better as well as curb excessive manipulation. "The first preference of settlement type shall always be by the way ...
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Posted Date : 17-Oct-2017 , 08:26:14 am | Posted By CASANSAAR
Prime Minister Narendra Modi on Monday said that his government was open to further amendments in the Goods and Services Tax (GST) and assured the business community in Gujarat that all GST hurdles will be solved. He was addressing a massive rally of supporters and BJP workers at Bhat village in ...
Continue Reading... Category : GST | Comments : 0 | Hits : 633
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Posted Date : 16-Oct-2017 , 03:06:15 pm | Posted By CASANSAAR
service, a petition has been filed in the Supreme Court challenging the government's directive to link the two with Aadhaar numbers. According to petition, filed by activist Dr. Kalyani Menon Sen, the government's rule on linking Aadhaar violates the fundamental right to privacy and equates ...
Continue Reading... Category : General | Comments : 0 | Hits : 490
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Posted Date : 13-Oct-2017 , 08:10:00 am | Posted By CASANSAAR
The Delhi High Court has issued notice to the Ministry of Corporate Affairs and Registrar of Companies (RoC) on a petition challenging the disqualification of more than one lakh directors of shell companies. The Ministry of Corporate Affairs, last month, identified 1,06,578 directors of she...
Continue Reading... Category : Companies Act | Comments : 0 | Hits : 1346
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
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- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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