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Bar Council of Delhi Bars Big4, Ernst & Young, Deloitte, KPMG and PWC from Practicing Law

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Bar Council of Delhi Bars Big4, Ernst & Young, Deloitte, KPMG and PWC from Practicing Law Bar Council of Delhi Bars Big4, Ernst & Young, Deloitte, KPMG and PWC from Practicing Law

Dear Professional Colleagues,

ICAI has initiated go green initiative where by members can opt for e-journal instead of physical journal. I had observed that out of 250000+ members only 8100+ members have opted for e-journal. I have also opted today for e-journal.

My appeal is to all of you to opt for e-journal and reduce the cost on environment.

Please follow the below link to opt for e-journal.

ICAI - The Institute of Chartered Accountants of India ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. # # of 1949)

Due date of GSTR 3B for the month of September 2018 extended till 25 October 2018

Due date of Tax Audit extended till 31 October 2018

ICAI Important Announcement

Sub. : *Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously*

We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake GST Audit of the same entity as required under the Central Goods and Service Act, 2017.
The Council of the Institute, while considering the issue at its 378th Meeting held on 26th and 27th September, 2018, noted its earlier
decision taken at its 281st Meeting held from 3rd to 5th October, 2008, that internal auditor of an assesee, whether working with the organization or independently practising Chartered Accountant being an individual chartered accountant or a firm of chartered accountants, cannot be appointed as his Tax auditor (under the Income Tax Act, 1961).

Upon consideration, the Council has decided that based on the conflict in roles as statutory and internal auditor simultaneously, the bar on internal auditor of an entity to accept tax audit (under Income Tax Act, 1961) will also be applicable to GST Audit (under the Central Goods and Service Act, 2017).

Accordingly, it is clarified that an Internal Auditor of an entity cannot undertake GST Audit of the same entity.

CBDT extends due dt for filing of Income Tax Returns & audit reports from 30th Sept,2018 to *15th Oct, 2018* for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018,after considering representations from stakeholders.

Liability to pay interest u/s234A of ITAct will remain

ICAI Election to Councils are on 7 & 8 Dec. 2018.
‘Postal Voting’ is allowed in two cases:
permanent change in address or Suffering from any permanent infirmity
CA is employed at a place different than the place of registered professional address, he can apply for postal voting. Application + letter from employer. Form is on icai.org under caption ‘election’.
Please post application latest by 30 Sept.
Please inform your CA friends

ICAI - The Institute of Chartered Accountants of India ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. # # of 1949)

Last date for filing GSTR-1 for July 2017 to Sep 2018 extended till Oct 31

Extension of Last Date of Multipurpose Empanelment Form for the Year 2018-19:

Considering the requests from various Members of ICAI, it has been decided by Professional Development Committee to extend the last date for submission of online Multipurpose Empanelment Form for the year 2018-19 including Declaration and Financial Documents till 12.00 am of 10th September, 2018.

GST amendment bills 2018 received presidential assent on 29 August 2018

DIR 3 KYC Due date Extended to 15th Sep 2018:

MCA has extended due date of filing DIR 3 KYC for directors. Earlier last date to file DIR 3 KYC was 31st August which has been extended to 15th September 2018. The fees of Rs. 5,000/- shall be applicable & payable on all delayed filings w.e.f 16th Sep 2018