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  • Today NICAI Updates

    Time limit under IDS, for issuance of acknowledgment in Form-2 extended from 15 days to 30 days for declarations filed in July 2016, CBDT order of 12.08.2016.
    Jharkhand state legislature passes GST Bill in special session today. It has become the third state after Assam and Bihar to pass it.

    Under GST Aggregate Turnover includes all Taxable, Non-taxable, Exempt Supplies, Exports of Goods and Services computed on All India basis for Single PAN. And Aggregate Turnover does not include Value of Supplies on which GST is payable on Reverse Charge basis and Value of Inward Supplies.

    The government has said it will bear the transaction cost for all payments made to it through debit or credit cards and net-banking.

    SEBI issued a Circular directing all commodity derivatives exchanges to conduct annual system audit of their trading members and monitor the same.
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