NICAI Updates

[Raj Chawla]

Respected Members:

Quotes of Day:

1. There will be obstacles. There will be doubters. There will be mistakes. But with hard work, there are no limits.
   
2. Always see good in everyone.  Be blind to the faults of others.  It brings peace in your life.  Things don’t change.   So just change the way you look at them. Live Positive Think Positive. 
   

 

NICAI Updates:

1. Due Date Sept 15, 2018 for payment of PF, ESI, Advance Income Tax and KYC of DIN. 
2. Finance Ministry extended the last date for filing final sales return GSTR-1 for July 2017 to September 2018 period till October 31 and also waived the late fee for the delayed filing of returns. The numbers of taxpayers who have filed summary sales return GSTR-3B is substantially higher than the number of taxpayers who furnished GSTR-1.
3. National Anti Profiteering Authority (NAA) ruled that suppliers will be liable to pay penalty for not passing the benefits of GST rate reduction on sale of goods in a case against Jaipur-based Sharma Trading Company indulged in profiteering in contravention of Sec 171 of CGST Act.
   
4. SEBI is looking at including NRIs in the foreign portfolio investor’s quota. Sources said the regulator had written to the central government, seeking its opinion on this. The move could open a new source for foreign inflows into the country, as NRIs are currently not big investors because of regulatory curbs.
   
5. All unlisted public companies have to issue shares in demat form mandatorily with effect from 2nd October 2018. Private limited companies, small companies and opc companises can still issue shares in physical form.
   
6. Global private equity (PE) funds are likely to be among those most affected by the beneficial ownership norms notified by MCA u/s 90 of the Companies Act, 2013. According to the new rules, a company can suspend control rights on its shares if the PE fund does not disclose the beneficial owner.
   
7. UCO Bank invites online applications from practicing firms of CA for empanelment as Concurrent Auditors FOR 01-10-2018 TO 30-09-2019. Last date is 12-09-2018.
   

For any CA Empanelment requirement, kindly join our CA Empanelment Network https://www.facebook.com/groups/1381553892168021/

With best regards,

CMA Rajni Chawla

M.COM, FCMA

712, New Delhi House, 27

Barakhamba Road, New Delhi-110001

011-43581083, 43581084

93110-81083, 97110-81083