TRAN-1 & TRAN-2 1. Goods and Service Tax Network (GSTN) is directed to open common portal for filing concerned forms for availing Transitional Credit through TRAN-1 and TRAN-2 for two months i.e. w.e.f. 01.09.2022 to 31.10.2022. 2. As per latest Supreme Court decision, any aggrieved person can file or revise TRAN-1/ TRAN-2 in this period…
Read MoreImportant Changes w.e.f. 01.04.2022 Audit Trail The applicability of using accounting software having Audit Trail has been further deferred by MCA and now shall be applicable from financial year commencing on or after the 01.04.2023 i.e. FY 2023-24. Revised Schedule-III MCA revise Schedule III of the Companies Act, 2013, applicable from F.Y. beginning on or…
Read MoreStatutory and Compliance Relief Measures due to COVID-19 Statutory and compliance reliefs issued by the Government of India under the following laws: ♦ CLICK HERE TO DOWNLOAD Indirect Tax (GST) …
Read MoreWhat is this Company Fresh Start Scheme – 2020 (CFSS-2020) The Ministry of Corporate Affairs has provided an opportunity to corporates to make a “Fresh Start” in their life by issuing a General Circular No. 12/2020 dated 30th March 2020. MCA introduced a scheme called ‘COMPANIES FRESH START SCHEME 2020 (CFSS-2020)’. The salient features of this scheme…
Read MoreKey features of SPICe+ for Incorporation of New Companies in India MCA has amended Companies (Incorporation) Rules, 2014 and new rule will be effective from 15/02/2020 called Companies (incorporation) Amendment Rules, 2020. As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying…
Read MoreGSTR-3B late fees waived for the month of August/ September 2017: In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of GSTR-3B for the months of August and September, 2017. The necessary software…
Read MoreRecommendations made by the GST Council in the 21st meeting at Hyderabad on 09.09 2017 The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers: Sl. Returns Description Tax Period Revised Due Dates 1 GSTR-1 (Turnover > INR 100 Cr) Return for Outward Supply July,…
Read MoreGST Returns Due dates extended for: July 2017 GSTR-1- 10th September 2017 GSTR-2- 25th September 2017 GSTR-3- 30th September 2017 August 2017 GSTR-1- 5th October 2017 GSTR-2- 10th October 2017 GSTR-3- 15th October 2017
Read MoreLate fees waived for GST-3B Return The Goods and Services Tax (GST) tax was introduced on 1st of July 2017. The last date for payment of GST for the month of July 2017 was 25th August 2017. Payment of GST is complete only when amount of tax payable is debited from electronic cash / credit ledger. 2.…
Read MoreSelling of Space for advertisement in print media Query has been raised before this Ministry regarding GST applicable on selling of space for advertisement in print media. 1. Selling of space for advertisement in print media is leviable to GST @ 5%. If the advertisement agency works on principal to principal basis, that is, buys space from…
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