New Updates by CA Raj Chawla (24-12-2018)

May the lights of Christmas shine bright and may the brightness remain with you all year long. Merry Christmas.

Never be sad for missing whatever you expected! But, be happy for that! Because, god has planned to give another one, better than you expected.

Doing good to others is not duty it is a joy for it increases our own health & happiness Whenever we do something good in life even if no one is watching we rise a little in our own eyes. Keep rising always…!!

CBDT allows manual filing of Form for non-deduction or lower deduction of TDS to Resident Applicants to file Manual Application in Form No. 13 before the TDS officer or in ASK Centers till 31.12.2018.

GST Council has agreed that IT and ITeS companies would now be able to avail refunds on taxes paid on inputs used in servicing global contracts jointly with their foreign outfits.

GST Council is likely to consider lowering GST on under-construction flats and houses to 5 per cent in its meeting next month, an official said.

GST Intelligence (DGGI) has busted a racket of fraudulent companies engaged in raising fake tax invoices worth Rs 2.2 billion to avail input-tax credit at Chennai and Coimbatore in Tamil Nadu.

MCA In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates to the Regional Directors the powers and functions vested in it under the first proviso to clause (41) of section 2 and second proviso to sub-section (1) of section 14 of the said Act.

RBI has cancelled the registration of 1,490 non-banking financial companies (NBFCs). These included NBFCs that failed to meet prudential norms and those that voluntarily surrendered registration.Kolkata tops the list with 617 cancellations.

Regards
CA Raj Chawla