Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

CBDT Draft

MCA eForms

GST Forms

GST Acts & Rules

Legal Updates

  • GST
  • MCA
  • IRDA
  • DGFT
  • RBI
  • Customs


Indian News:

Cos may have to furnish H1 income estimates to I-T dept

Shell cos crackdown: Govt makes public names of debarred directors

Fast-track GST refund, else Rs 65K cr may be stuck: Exporters

Government to strengthen surveillance, laws to check cyber crimes

160 companies to get notices on transitional GST credits

Companies need to furnish new staff details online to EPFO from Oct

Nod for Bill on economic offenders

Sebi allows Reits, InvITs to issue debt securities

IRDAI to ask insurers to create debenture redemption reserve

Big 4 accounting firms on IBA's list of forensic auditors

I-T department goes after defunct companies for tax frauds

Small traders can opt for GST composition scheme till 30 September

As complaints mount, CAG starts audit of GST Network

‘GSTN technical glitches will be resolved by Oct-end’

Jurisdiction-free tax assessment on the cards

GST Council may consider 3-month rate freeze

GSTN reopens window for composition scheme

Benami Act impact: Taxman attaches 381 properties worth Rs 1300 cr in 9 months

No more extension for GST return filing, tech issues to be fixed by Oct 30

SBI peeling customers to close a/c

Small creditors use new bankruptcy rules to put the squeeze on big players

CBEC plans strategy to bring more businesses in GST net

Tax officials may go for searches, surveys to widen base under GST

162 businesses with transition credit claim of over Rs 1 cr under tax lens

I-T dept to launch jurisdiction-free assessment from October

Tax dept, MCA to share PAN, audit reports to crack down on shell companies

CBEC lens on transitional CGST claims of Rs.65,000 cr

Sebi orders forensic audit of 3 firms as clampdown on shell cos continues

FinMin posts timelines for submission of India's first post-GST budget proposals

Tax experts under income-tax lens for valuation of startups


International News:

AICPA wants changes from IRS on partnership audit rules

FASB Takes Step to Further Simplify Hedge Accounting Rules

Big Four increasingly competing with law firms


CBDT Draft:

New Rule 39A & Form No.28AA - Voluntary reporting of estimated current income and advance tax liability
[Last date for comments: September 29, 2017]


MCA eForms:

Updated as on September 20, 2017


GST Forms:

Returns Offline Tool Version V1.2.1


GST Acts & Rules:

CGST Rules, 2017 as amended upto 19/09/2017


Legal Updates


Extension of time limit for submitting the declaration in FORM GST TRAN-1 [Order No.2]

Seeks to extend the last date for filing the return in FORM GSTR-3B for the months of August to December, 2017 [No.35/2017-Central Tax]

Seventh amendment to the CGST Rules, 2017 [No.34/2017-Central Tax]

Notifying section 51 of the CGST Act, 2017 for TDS [No.33/2017-Central Tax]

Seeks to granting exemption to a casual taxable person making taxable supplies of handicraft goods from the requirement to obtain registration [No.32/2017-Central Tax]

Granting exemption to a person making inter-State taxable supplies of handicraft goods from the requirement to obtain registration [No.8/2017-Integrated Tax]

Granting exemption from registration to job-workers making inter-State supply of services to a registered person from the requirement of obtaining registration [No.7/2017-Integrated Tax]



Clarification regarding obligation with the Ind AS and Rule 4 of Companies (Indian Accounting Standards) Rules 2015 - payment banks, small finance banks which are subsidiaries of Corporates [Circular No.10]



Publishing of Death Claims data / Death Claims paid ratios in “Insurance Advertisements”



Establishing, Contact@DGFT service as single point contact for all Foreign Trade related issues [Trade Notice No.17]



Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)



Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18 [No.76]

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver [No.87(NT)]

Amendment to notification no 82/2017-Cus (N.T.) dt 24.08.2017 and notification no.85/2017-Cus (N.T.) dt 07.09.2017 [No.86(NT)]