*#CNBCTV18Exclusive | Govt official says Finance Minister @nsitharaman is undertaking review meeting with senior govt officers on #GST network issues, fast-tracking of refunds, simplification of compliance & return processes etc*



https://t.co/hj8eRQnLMJ

Due date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement in FORM GSTR-9C for the financial year 2017-18 has been extended to 30th November, 2019. https://t.co/9vbWkTus3C

CBDT issues Clarification in respect of filling-up of the ITR wrt Directors, Foreign assets and NRIs


https://t.co/TcesNPUFaQ

Maharasthra GST issues guidelines to ensure correct reporting of ITC and ineligible ITC since July 2017

https://t.co/wZB7C5vPcU

Photo from CA Atul Modani

https://taxpedia.net/extension-of-due-date-order-circulated-on-social-mediais-fake-says-cbdt-advices-to-file-the-return-by-tomorrow/

*Extension of due date order circulated on Social Media is FAKE says CBDT , advices to file the return by tomorrow*

Government annouces MEGA MERGER of PSU Banks. 10 banks to be merged. Read everything here.

https://t.co/HbiEupoJzk

Want to know to which State would the IGST on a transaction accrue to? Would like to run a check on whether you are eligible to take the tax credit on a particular B2B transaction? Or just want to check out the PoS (Place of Supply) excel utility -


https://t.co/VuxaxaXMj3

Photo from CA Atul Modani

Question: Whether auditor can sign the auditor report and financial statements after 06.09.2019?

I.      *Provision of Holding of AGM:*

As per provisions of Section 101, A general meeting of a company may be called by giving not less than clear 21 days notice either in writing or through electronic mode.

II.      *Shorter Notice:*
A General Meeting May Be Called After Giving Shorter Notice Than That specified in this sub-section if consent, in writing or by electronic mode, is  given by not less than 95% of the members entitled to vote thereat;

Note: If a Company received consent of 95% of the member entitled to vote then they can hold Board Meeting even on 29.09.2019 and call AGM on 30.09.2019.

III.      *Date of Signing of Balance Sheet:*

As per guidelines of ICAI Auditors have to generate UDIN at the time of signing of Auditor Report and Financial Statement.

Therefore, if auditor Sign Financial statements on or before 06.09.2019 then on same date Company can issue clear 21 days notice to shareholders of Company;

However, if auditor signs financial statement after 06.09.2019 then company can hold AGM only on short notice.

Note: If company hold AGM on shorter notice then consent of Members as mentioned above is mandatory.

Therefore, one can opine that as per Section 101, 129 of Companies act, 2013 read with ICAI guidelines of UDIN;
A Statutory auditor can sign the auditor report and financial statement even after 06.09.2019 and up to 29.09.2019 without any non compliance of law and simultaneously company can hold AGM by consent of shareholders of Company.

https://taxpedia.net/dont-share-income-tax-e-filing-account-password-with-bankers-says-income-tax-dept/


Don’t Share Income Tax e-filing account password with Bankers says Income Tax Dept

It is updated by Direct Tax Committee #ICAI to query raised by me that *"they have NOT yet submitted any representation* for extension of Due date for Tax audit and ITRs due on 30th September 2019 to FinMin or CBDT"

For information.

#TaxAudit #incometaxreturn

https://twitter.com/atulmodani/status/1170996657757929472?s=19

GST Council may SCRAP filing of Annual Return and Reconciliation statement for Taxpayers having turnover of less than 5 Crores- CNBC Awaaj

https://t.co/oAtbIt0GPP https://t.co/rpNhNWvcZp

Multipurpose Empanelment Form date extended till 20th September, 2019. The last date for submission of Declaration is 25th September, 2019.


The last date for submission of MEF for Jammu & Kashmir is 30th September, 2019 alongwith Declaration

https://taxpedia.net/gst-council-likely-to-exempt-taxpayers-with-turnover-upto-2-crores-from-filing-of-annual-return-for-fy-2018-19-cnbc/


*GST Council likely to exempt Taxpayers with Turnover Upto 2 Crores from filing of Annual Return for FY 2018-19- CNBC*

CBDT relaxes time condition of 12 months for compounding of offences as one time measure


https://t.co/J7GMed0ObD

Welcome step of user feedback by @IncomeTaxIndia

#CBDT starts online feedback of taxpayers to make the e filing process faster and simpler


https://taxpedia.net/cbdt-starts-online-feedback-of-taxpayers-to-make-the-e-filing-process-faster-and-simpler/

Biggest ever pan-India joint operation by Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against fraudulently claiming refund of IGST by exporters



https://t.co/q13g9Uqy8r