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CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks

Central Board of Direct Taxes in exercise of powers conferred under section 138(1)(a) of Income Tax Act, 1961, has issued Order in F.No. 225/136/2020/ITA.II dated...

Now UDIN is mandatory for Certifying MGT-7: ICSI

Certification of Annual Return in Form MGT-7 under Section 92(1) of the Companies Act, 2013 and Rule 11(1) of the Companies (Management and Administration) Rules,...

RBI has advised banks to refund the charges collected on or after 01st Jan 2020

In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy, the Finance (No 2) Act...

GSTN Issued Advisory on Form GSTR-2B

GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in...

Launch of GSTR-2B and its Key Features

The GST Council, in its 39th meeting held on 14th March 2020, had recommended to adopt and implement the incremental approach of linking the present...

MGT-9 is not required, in case weblink is disclosed in Board Report

Provided that a company shall not be required to attach the extract of the annual return with the Board's report in Form No. MGT-9, in...

MCA maiden success in the recovery of $3.25 million in Nirav Modi case from USA

Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, Read...

Provision for Aadhar Authentication in GST Registration

Aadhaar Authentication process has been introduced, for the persons applying for GST registration as Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor Read more...

Now Physical verification of premises mandatory for GST Registration

In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on...

Appointment of BSR as the statutory auditor of IL&FS was illegal: NFRA

The Audit Quality Review (AQR Process) was commenced on 7th February 2019. During the process, a very extensive and detailed correspondence was carried on with...


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