Tuesday, August 7, 2018

MCA proposes to include Statement of Reconciliation of GST in Cost Audit Report w.e.f. July 1, 2017

The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report.

from taxmann.com News https://ift.tt/2vJhNl4

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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