Author: RASHA Advisory

  MCA update: 13/06/2018 ✓DIR-3 and DIR-6 will be revised on MCA21 Company Forms Download page w.e.f 15th JUNE 2018. Stakeholders are advised to check the latest version before filing ✓http://www.mca.gov.in/Ministry/pdf/Cmp3rdAmndRul31206_13062018.pdf ✓http://www.mca.gov.in/Ministry/pdf/LLPAmndRule1206_13062018.pdf

GST Updates: ‘Special Refund Fortnight‘ to facilitate clearance of GST refund applications GST council and taxation department are organizing Special Refund Fortnight scheme for the taxpayers which will enable them to draw their refunds at a speedious and timely manner. Goverment motive behind this is to clear all the pending applications of GST refunds within a stipulated […]

Stakeholders are advised to check the latest version before filing.

The Central Board of Direct Taxes (CBDT) has released the new income tax return forms for filing returns for the financial year 2017-18. The new forms -Sahaj (ITR1) , Form ITR-2, Form ITR-3, Form Sugam -ITR-4, Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V have been notified for Financial year 2017 18 or assessment […]

DGFT has issued a Public Notice w.r.t Maintenance of Annual Average Export Obligation as provided under Foreign Trade Policy (FTP), 2015-20. The amendments will provide an opportunity to exporter to avail Condonation from non-maintenance of Annual Average in some years and to offset the difference by excess exports in other year(s) in respect of EPCG authorisations. The […]

The Central Board of Direct Taxes, has issued a notification to alter the provisions of Section 56(2)(viib) of the said Income Tax Act, 1961. The amendment is made to exempt Start-ups from issue of share at price in excess of face value i.e No Tax to be paid on issue of share capital by eligible start-ups […]

The indirect tax department has settled the issue of double taxation under the Goods and Services Tax (GST) on imported goods kept in bonded warehouses and later cleared from there, which is a common trade practice in the country.  An earlier circular raised an issue of imposition of the Integrated GST (IGST) twice on such […]

The registrar of companies is in the middle of issuing notices to these entities, and if they fail to file returns over the next few months, they may get deregistered.

The Sensex and Nifty closed lower today dragged by energy stocks such as Hindustan Petroleum Corp and Oil and Natural Gas Corp Ltd (ONGC) on rising concern that the government may ask state-owned oil firms to share the burden of higher petrol and diesel prices. The broader NSE Nifty closed 1.01 percent or 106 points […]