Tax Updates:
1. CBDT concerted and coordinated actions of Law Enforcement Agencies (LEAs) under the Department of Revenue who have achieved phenomenal success in fighting the menace of black money during the last three years.
2. From July 1, 2017, all tax returns will have to mention the Aadhaar no, as per Sec 139AA of Income Tax Act. If you have both PAN and Aadhaar, you need to link the two. If you fail to do so, your PAN no could become invalid.
3. CBEC has amended the Point of Taxation Rules, 2011 by insertion of new Rule. In the Point of Taxation Rules, 2011, after Rule 8B has been inserted as Determination of point of taxation.
4. Service tax return ST3 can't be filed without GST user ID that means if you're are not getting GST user ID, service tax returns can't be filed.
5. In GSTR-1 give Summary of supplies to unregistered persons, Rate wise for Local supplies & Rate & State wise for Inter-state ones up to 2.50 Lacs.
6. Implementation Guide on Auditor's Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 issued by AASB of ICAI.link: http://resource.cdn.icai.org/45120icaiaasbigar.Pdc
7. MCA has revised the versions of e Form – Form INC-22, Form AOC-4 Addendum and Form SCP (Serious Complaint Form) were recently revised on MCA21 Company Forms Download page.
8. Negotiable Instruments Act: Notice deemed to be served when it was returned back with even in absence of drawer at correct address, or on his refusal, due services had to be presumed. Supreme Court of India.
9. NIRC of ICAI is organizing Seminar on Ind AS on 22nd April, 9.30 AM at The Park, opp. Jantar Mantar, Connaught Place, Delhi
Register at www.nircseminars.org