CA Passion Updates
🔹CBDT has issued a Circular u/s 119 of the IT Act prescribing the procedure for Processing of ITRs (1~6) u/s 143(1)(a)(vi), i.e. relating to Form 26AS/ Form 16A/ Form 16 which has not been included in computing. Circular No. 01/2018 dt. 10 Jan. 2018
🔹It is mandatory to display the Certificate of Registration (Form GST REG-06) in a prominent location at the principal place of business and at every additional place of business.
🔹It is mandatory to display the GSTIN on the name board exhibited at the entry of the principal place of business and at every additional place of business.
🔹GSTN has clarified that food prepared in office kitchens and served there shall be taxed at 5% without ITC.
🔹Get orders from transporters for services to GTA and receive the commission out of truck hire fixed with GTA from transporters are liable to get GST registration if the aggregate amount of commission exceeds the threshold limit.
🔹FDI Policy eased for Single Brand Retail, Pharma, Construction, Civil Aviation & Power Exchanges.
🔹CA Final Nov 2017 & CPT Exam Result to be Declared on 17th Jan 2018 @ 2PM.