Monthly compliance for Companies /Proprietary concerns /Partnership firms and LLP

Due Date	Category	Description
07-01-2019	Income Tax Act 1961	Due date for deposit of Tax deducted/collected for the month of December, 2018. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan.
07-01-2019	NBFC	Monthly Return on Capital Market Exposure for the month of December, 2018 (NBS6)
07-01-2019	NBFC	Monthly Return on Important Financial Parameters of NBFCs not accepting/holding public deposits and having asset size of Rs.100 crore and above for the month of December, 2018
10-01-2019	NBFC	A Statement of short term dynamic liquidity in format ALM -NBS-ALM1 for the month of December, 2018 (ALM-1)
10-01-2019	Goods & Services Tax Act , 2017	GST monthly return for the month of December, 2018 (GSTR-7 for TDS Deductor).
10-01-2019	Goods & Services Tax Act , 2017	GST monthly return for the month of December, 2018 (GSTR-8 for TCS Collector).
11-01-2019	Goods & Services Tax Act , 2017	Monthly return for registered persons with aggregate turnover of more than Rs.1.50 crores for the month of December, 2018 (GSTR-1).
13-01-2019	Goods & Services Tax Act , 2017	GST Return for input service distributor for the month of December, 2018 (GSTR 6).
14-01-2019	Income Tax Act 1961	Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of November, 2018.
14-01-2019	Income Tax Act 1961	Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of November, 2018.
15-01-2019	Provident Fund	Monthly PF payment for December, 2018.
15-01-2019	ESIC	ESIC payment for the month of December, 2018.
15-01-2019	Income Tax Act 1961	Due date for furnishing of Form 24G by an office of the Government where TDS for the month of December, 2018 has been paid without the production of a challan.
15-01-2019	Value Added Tax   Act,2005	Submission of Audit Report in Form 704 for the financial year 2017-18
15-01-2019	Goods & Services Tax Act , 2017	GST Return 4 Composition scheme taxpayers for the month of December, 2018 (GSTR 4).
20-01-2019	Goods & Services Tax Act , 2017	GST monthly return for the month of December, 2018 (GSTR 3B).
20-01-2019	Goods & Services Tax Act , 2017	GST Return 5 Non-resident foreign taxpayers for the month of December 2018 (GSTR 5).
20-01-2019	Goods & Services Tax Act , 2017	GST Return 5A NRI OIDAR service provider for the month of December, 2018 (GSTR 5A).
25-01-2019	Provident Fund(includes EDLI)	PF Return filing for December, 2018 (including pension and insurance scheme forms)
30-01-2019	Income Tax Act 1961	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of December, 2018.
30-01-2019	Income Tax Act 1961	Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of December, 2018
31-01-2019	Income Tax Act 1961	Due date for Filing TDS/TCS Return for the Period 1st October to 31stDecember,2018
31-01-2019	Goods & Services Tax Act , 2017	Quaterly return for registered persons with aggregate turnover of less than Rs.1.50 crores for the period 1st  October to December, 2018 (GSTR-1).
31-01-2019	Goods & Services Tax Act , 2017	Due date for mandatory registration for unregistered dealers from 30th September,2018 to 31st January,2019.

Income Tax Amemded to Promote - International Financial Service Centre. - CBDT notification dated 26th Dec 2018

The following amendment has been done vide notification dated 26th Dec 2018.

18. Measures to promote International Financial Services Centre (IFSC)

18.1 Section 47 of the Income-tax Act provides for tax neutrality relating to certain transfers.

18.2 In order to promote the development of world class financial infrastructure in India, the aforesaid section has been amended so as to provide that transactions in the following assets, undertaken by a non-resident on a recognised stock exchange located in any International Financial Services Centre, shall not be regarded as transfer, if the consideration is paid or payable in foreign currency:—

(i)		bond or Global Depository Receipt, as referred to in sub-section (1] of section 115AC of the Income-tax Act; or
(ii)		rupee denominated bond of an Indian company; or
(iii)		derivative.

18.3 Before amendment by the Act section 115JC of the Income-tax Act provided for alternate minimum tax at the rate of 18.5% of adjusted total income in the case of all non-corporate persons.

18.4 In order to promote the development of world class financial infrastructure in India, section 115JC of the Income-tax Act has also been amended to provide that in case of a unit located in an International Financial Service Centre, the alternate minimum tax under section 115JC shall be charged at the rate of 9%.

18.5 Consequential amendment has also been made to section 115JF of the Income-tax Act.

18.6 Applicability: These amendments take effect from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-20 and subsequent assessment years.

UDIN applicability is deferred by a month. Effective from 01st Feb, 19

UDIN - A way to authenticate document

As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, ICAI had implemented an innovative concept of UDIN i.e. Unique Document Identification Number. 

We wish to inform that for this prestigious project of UDIN, ICAI has engaged Tata Consultancy Services (TCS) who is also automating and will maintain the life cycle of CA Members and Students making them largely online on a digital platform. 

To enable TCS do the huge data migration and data audit which will require around 30 days before the UDIN Platform becomes mandatory, Central Council of ICAI has decided to mandate UDIN w.e.f 1st Feb., 2019 in a phased manner as against the earlier announced date of 1st Jan., 2019 . 

Professional Development Committee

CAG empanelment

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA
9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI - 110124

Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020

Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for the year 2019-2020 for the purpose of appointment of auditors of Companies as per Sections 139 (5) and 139(7) of the Companies Act 2013 and of Statutory Corporations/Autonomous Bodies as per the provisions of their respective Acts. The online application along with detailed instructions in this regard will be available on our website www.cag.gov.in from 01 January 2019 to 15 February 2019. The firms/ LLPs can apply/update the data showing the status of their firm as on 01 January 2019. After filling/updating the data, the Firms/LLPs will be required to generate online acknowledgement letter for the year. If the Firms/LLPs fail to generate online acknowledgment letter, their application would not be considered for empanelment. The Firms/LLPs will be required to submit a print out of the acknowledgement letter generated online and also hard copies of the documents in support of their online application by 28 February 2019.

sd/-
Sr. Administrative Officer/CA-V

https://icai.org/new_post.html?post_id=15311&c_id=240

Heartiest congratulations

Heartiest congratulations to the twenty-third Western India Regional council of ICAI:
1. Jain Vikash
2. Agarwal Balkishan
3. Patel Chintan
4. Gadia Manish
5. Chitale Sushrut
6. Pomal Hitesh
7. Sharma Umesh
8. Doshi Vishal
9. Savla Priti
10. Kelkar Abhijit
11. Desai Drushti
12. Saboo Kamlesh
13. Kasar Yashwant
14. Alshi Rakesh
15. Shinagare Shilpa
16. Kabra Arpit
17. Arun Anandagiri
18. Kala Jayesh
19. Jakhotiya Anand
20. Agarwal Vimal Kumar
21. Kachwala Murtuza
22. Bajaj Lalit

Now the technical elimination of Ketan Saiya for record purpose.

The last step for this election process.
Kamlesh, Yashwant and rakesh has achieved quota
Their surplus distributed Here is the status after that:

Sr No.	Name	City	Votes
35	SABOO KAMLESH RAMPRASAD	THANE	1879
21	KASAR YASHWANT JAYWANT	PUNE	1840
4	ALSHI RAKESH GANPAT	MUMBAI	1797
44	SHINAGARE SHILPA BABASAHEB	MUMBAI	1769
17	KABRA ARPIT JAGDISH	MUMBAI	1655
5	ARUN ANANDAGIRI	PUNE	1617
19	KALA JAYESH UMEDMAL	MUMBAI	1492
16	JAKHOTIYA ANAND RAMESHCHANDRA	PUNE	1468
3	AGRAWAL VIMAL KUMAR	BHAYANDAR	1380
18	KACHWALA MURTUZA ONALI	KALYAN	1329
6	BAJAJ LALIT LAXMINARAYAN	BHAYANDAR	1316
36	SAIYA KETAN DAMJI	MUMBAI	1261