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The revenue department today deferred implementation of a reporting norm for tax auditors wherein they were required to furnish details of Goods and Service Tax (GST) and general anti-tax avoidance rules (GAAR) till March 31, 2019.

The revenue department today deferred implementation of a reporting norm for tax auditors wherein they were required to furnish details of Goods and Service Tax (GST) and general anti-tax avoidance rules (GAAR) till March 31,… The revenue department today deferred implementation of a reporting norm for tax auditors wherein they were required to furnish details of Goods and Service Tax (GST) and general anti-tax avoidance rules (GAAR) till March 31, 2019.

Update:

MCA wide notification dated 31st July, 2018 amended the Companies (Accounts) rules, 2014 Amongst other things, it has been made mandatory for the Board to include a statement in its report with respect to status… Update:

MCA UPDATE

Companies (Significant Beneficial Ownership) Rules, 2018: Every Individual holding 10% or more beneficial interest in the share capital of the company shall file a declaration in Form No. BEN-1 to the company within 90 days… MCA UPDATE

CBDT clarifies that the Rumors Spreading Across in Social Media regarding Extension in Due Date for Non-Tax Audit Cases is fake. The Income Tax Dept further clarified that there are no such plans to extend this deadline beyond 31st July, 2018.

2. The GST Council decided to reduce the biggest niggle for businesses by allowing Quarterly Filing of returns by those with Annual Turnover of up to Rs 5 crore, a move that will benefit nearly… CBDT clarifies that the Rumors Spreading Across in Social Media regarding Extension in Due Date for Non-Tax Audit Cases is fake. The Income Tax Dept further clarified that there are no such plans to extend this deadline beyond 31st July, 2018.

GST Updates:

1. Quarterly Returns approved for taxpayers with turnover less than Rs 5cr (tax payments to continue on monthly basis) 2. Sanitary Napkins exempted from GST going forward 3. No decision on 1% sugar cess 4.… GST Updates:

GST Rates Revised:

HINDUSTANTIMES.COM GST slashed on more than 50 items, top rate slab pruned Sanitary napkins that were taxed at 12% earlier, has been put under t

Material suppliers to come under RERA lens:- In order to ensure the quality of construction not held liable to the promoters only but also material suppers and vendor who would be accountable for any inadequacy in the quality of the material for the construction of the building. As per The Maharashtra Real Estate Regulatory Authority (MAHA-RERA) mandates the promoters to upload the information relating to suppliers and vendors of the construction material on their respective website including guarantee period of the material and such information is required to display in addition to the other disclosures as required under the Act. Thus, it make vendors and suppliers along with the promoters answerable for poor quality of housing construction. Finally, it is a vital step taken by MAHA-RERA to ensure the promoters of the registered projects fully accountable for the quality of construction.”

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