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The new modifications are done in the E- Way Bill generation form and is being released on 16th of November 2018. In this form there will be some latest improvement introduced such as duplicate e-way bills, CKD/SKD delivery challan along with original tax Invoice or bill of entry copy, shipping and dispatching address in case of import and export supply, etc. 1. Checking of duplicate generation of e-way bills based on same invoice number: In case a transporter or consignee has generated one e-way bill on the consignor’s invoice, then any other party. 2. CKD/SKD/Lots for movement of Export/Import consignment: Availability of Delivery Challan’ along with original ‘Tax Invoice’ or ‘Bill of Entry' 3. Shipping address in case of export supply type:  Bill To’ Party will be URP or GSTIN of SEZ Unit with the state as ‘Other Country’ 4. Dispatching address in case of import supply type:  Bill From’ Party will be URP or GSTIN of SEZ Unit with the state as ‘Other Country’ ...

In New Delhi, the Finance minister, Arun Jaitley, relieves taxpayers by announcing there is no late payment fee for filing the form late after 26 August for July month but the interest on late tax payment of the GST is eligible. The taxpayer is liable to pay the late fee in case he missed out on the GSTR filing but for the July month, they are exempted from it. The above announcement is made by the government in an issued circular by CBEC. (Link Circular Order) The finance minister further says, there is a curriculum of 100 Rs. per day for late filing the GSTR for CGST and SGST taxes . Now, the interest will be charged from the taxpayers who have not paid any tax yet, and no late fee penalty for this month. The GST Council had already mentioned in a provision that in case of late tax payment after the due date there will be 18% interest on the taxable amount and a late fee payment which is 100 Rs. per day is applied for filing late the GST forms from the due dates . For July mo...

CST stands for Central Sales Tax and it has been introduced in the Constitution of India by the Sixth amendment. The Central Sales Tax (CST) is an indirect tax, which levy on sales of goods on inter-state trade or commerce. According to the Indian constitution, no State can impose sales tax on any sales or purchase of goods that takes place within the state or on import and export of sales. The consumer of the purchased product is responsible for the payment of Central State Tax (CST). The tax is collected by the central government on the taxable total of inter-state sales presented by the registered dealer. The central sale tax rules 1957, prescribed various types of Form for transactions of goods interstate, transfer of goods from one branch to another branch in differ states and many more. The CST avails various forms as C Form , E Form and F Form etc. to avail the exemptions or concessions on the transaction of goods. C-Form C-Form is a Form defined under section 8...

Prime Minister Narendra Modi had invited Congress president Sonia Gandhi and former Prime Minister Manmohan Singh for tea. This meeting over tea was held at Modi’s official residence in New Delhi. During the meeting, both the parties discussed on the Goods and Services Tax Bill. According to the resources, the two demands of the three put forward by the congress party on the GST during the meeting. Source stated that the Government has indicated that it may agree to the 18% limit on Goods & Services Tax . The government is also likely to waive off 1% levy for manufacturing states. Read Also: Centre Claims, 30 Parties Favor To Pass GST Bill Finance Minister Arun Jaitley, who was present at the meeting along with Parliamentary Affairs Minister M Venkaiah Naidu, said "both sides put forward their positions on GST and there is the possibility of more meetings in the future. The leaders also discussed the smooth functioning of Parliament in the Winter Session during the m...

Before developing a CA/CA firm website, you need to follow the guidelines of ICAI (Institute of Chartered Accountants of India). The Institute of Chartered Accountants of India (ICAI) prohibits the members from promoting their work by advertising, circular, personal communication and by other medium. The ICAI, under the Chartered Accountant Act, 1949 has laid down its guidelines to post their particulars on the website. Recently, the council has made some changes to the sub-Clauses (8) or (20) of the existing guidelines. In the updated guidelines, the sub-clause (8) will permit for the display of passport size photograph and sub-clause (20) will provide the links of the Canadian Institute of Chartered Accountants (CICA), The Institute of Chartered Accountants of England and Wales and American Institute of Certified Public Accountants (AICPA). The revised guidelines with complete description are available in the PDF format for the Chartered Accountants/Firms of Chartered Account...

Due to further change in ITR form, the due-date of Income Tax filing has been extended to 31st August from 31st July for the Assessment Year of 2015-16. The one who had not filed income tax return now can do the same until 31st August. The new Form of ITR 2A has been proposed for Assessment Year of 2015-16 after the representation from the public against the information and new columns in the new Income Tax return form that can be filed by a HUF or individual. CBDT mentioned that the software for these forms is under development, that is likely to be available for e-filing for by 3rd week of June 2015. F.No.225/154/2015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ITA.II Division New Delhi, the 10th June 2015. The order under section 119 of the Income-tax Act 1961 Subject:- Extension of due date of filing the return of income for Assessment Year 2015-16 – regarding. The Central Board of Direct Ta...

New syllabus for CA 2015-16 applicant has been rolled out by ICAI. It has given a clear notification that the new syllabus will be applicable for CA final year aspirants and same syllabus will also apply for CPT and IPCC qualifiers. There are some reasons that ICAI has introduced New Syllabus for 2015-16, as ICAI wants to make CA education best in the World and to prepare students according to the current industry requirements (practical knowledge). The second reason is that the Accountancy Professionals have a vision that quality education should be given to the CA candidates, which helps them to step up in the global academic and technology platforms. New Syllabus will also be applicable for the courses of CPT and IPCC, as per the council of ICAI. The Vice President of ICAI, Mr Devaraja Reddy said that the new syllabus of CA final is more effective and more practical and it also fulfills the conditional requirements of the competitive market. The final year students will be ha...