Author: Admin

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Major Changes : Taxpayer to give GSTN number along with details of other indirect Tax registrations like Sales Tax, Service Tax etc. The New form 3CD seeks for information of Gifts that are chargeable to tax as per clause (x) of sub-section (2) of section 56 of Income Tax Act 1961. The revised form 3CD seeks…

Read More Major Changes in revised form 3CD for FY 17-18 | AY 18-19

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The government has introduced a new system to allow taxpayers to update email and mobile number in the GST System. This was introduced as many have complained that “the intermediaries who were authorized by them to apply for registration on their behalf had used their own email and mobile number during the process”, the Finance…

Read More Taxpayers can now change email, mobile number under GST system. Here’s how to do it

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Frequently-Asked Questions (FAQs) Whatis Unique Document Identification Number (UDIN)? Unique Document Identification Number (UDIN) is a unique number, which will be generated by the system for every document certified/ attested by a Chartered Accountant and registered with the UDIN portal available at https://udin.icai.org/.   Whatis the Algorithm of UDIN? Algorithm of UDIN comprises of the following:   TheMembership Number of the Member attesting the document/ certificate.   TheDate (dd/mm/yy) when certificate is issued.   TheDocument Serial Number allotted automatically by system. 15 Digit UDIN X X X X X X / X X X X X X / XXXX Six Digit Membership No Six Digit Date (DDMMYY) System Generated document serial number   WhyUDIN? It has been noticed that financial statements and documents were being certified/ attested by third persons, in lieu of Chartered Accountants. As these statements are being relied upon by the authorities as true statements and certificates, UDIN can be generated by a practicing CA by registering his/her documents/ certificates on UDIN Portal for verification. Whocan generate UDIN? A practising Chartered Accountant can generate a UDIN for certificate/ document attested by him either in individual capacity or as a partner. WhetherUDIN is mandatory for the CA members of ICAI for each certification done? At present, this facility is recommendatory. But ICAI is mulling to make the same compulsory in near future, so as to curb the menace of fake or forged documents. Whatis the link to crosscheck whether the certificate number so indicated is valid? The               Certificate              Number               can               be               cross              checked               at https://udin.icai.org?mode=searchudin Howmany UDINs can be generated by a CA? Is there any limit? There is no restriction on the number of UDINs to be generated by a CA.   Howto create an account on the UDIN portal? To register at UDIN portal, please take the following steps: Step 1: Enter the homepage https://udin.icai.org Step 2: Click button “For first time sign up, click here” Step        …

Read More FAQ’s on ICAI UDIN – For A Practicing Chartered Accountant

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Instructions for Revocation of Canceled Registration online on GST Portal:- Step: – 1 Login to the GST Portal with valid credentials. Access the GST Website. The GST Home page is displayed.  Step:-2 Click Services > Registration > Application for Revocation of Cancelled Registration option Step:-3 In the Reason for revocation of cancellation field, enter the reason for revocation of cancellation of registration.…

Read More Revocation of Canceled Registration under GST Portal