Tax Updates:
1. 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.
2. Govt gave time till April 30 for commensurate deposits by people who have declared their unaccounted income under the Pradhan Mantri Garib Kalyan Yojana (PMGKY).
3. Members who have not shared their PAN with ICAI, It has been informed by the Income Tax Dept that the e-Filing account of the members will be blocked by the Income Tax Authorities.
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. Every entity registered under the proposed GST might have to maintain separate accounts relating to each activity. This is a part of the draft GST rules on accounts and records released by the Centre.
6. Government released draft norms on GST advance ruling and appeals and revision.
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.