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Old 05-04-2017, 11:48 AM
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Shilparana Shilparana is offline
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Join Date: Sep 2014
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Default NICAI Updates - 4 May 2017

1. Adhaar card and Pan linking option now activated on income tax website whereby now, name as per Adhaar card also to be given. Both get linked even if there is difference in name.

2. About 900,000 registered companies do not file annual returns and are potential sources of money laundering. Govt. pitched for the country’s top anti-financial crime agency to be used “expeditiously” against tax cheats.

3. GST Migration for existing taxpayers has been temporarily discontinued by GSTN w.e.f. 1st May 2017.

4. No need for Traders dealing only in petrol, diesel & other exempt or zero-rated goods to register under GST. Register if deal in other goods also.

5. Round-the-clock presence of Central Excise officers in the cigarette factories is not mandatory but directory. Circular No. 1055/04/2017-CX dated 1st May, 2017.

6. RBI has issued Guidelines on Merchant Acquisition for Card Transactions. Co-operative banks have been permitted to install both onsite/offsite ATM networks and can issue debit cards.

7. SEBI has issued a Consultation Paper on permitting Category III Alternative Investment Funds (AIFs) in the commodity derivatives market.

8. CA Students Appearing for exam can send Their Observations of the question papers of CA exams-May, 2017 to the notice of the Exam Department, by e-mail at examfeedback@icai.in or by Speed Post.

9. CPT Exam June-2017 last date extended for examination application forms to 6th May, 2017.

 


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