Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also… ICAI Important Announcement DT 28TH SEP 18

1. Aadhaar mandatory for filing of IT returns and allotment of Permanent Account Number; 2. Not mandatory to link Aadhaar to bank accounts; 3. Telecom service providers can’t seek linking of Aadhaar; 4. Nothing in… Highlights of the Aadhar judgement given by Honorable Supreme Court of India:

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.

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:

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

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.