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
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GST refund Updates
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 […]
Forms SPICe MoA and SPICe AoA are likely to be revised on MCA21 Company Forms Download page w.e.f 14th JUNE 2018.
Stakeholders are advised to check the latest version before filing.
MCA update: Penalty on non filing of Annual Returns by Companies w.e.f. 01st July, 2018
The Companies (Registration Offices and Fees) Second Amendment Rules 2018 has been notified on 7th May 2018. Accordingly, in case the due date of filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013 expires after 30/06/2018, the additional fee @Rs.100 per day shall become payable in respect of MGT-7, AoC-4, AoC-4 XBRL […]
Income tax return forms for FY 2017-18 released: CBDT
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 […]
Opportunity to exporter to avail Condonation from non-maintenance of Annual Average :-DGFT
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 […]
Exemption to startups from issue of share at price in excess of face value: CBDT
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 […]
Centre clears double taxation under GST kept in bonded warehouses
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 […]
II Phase- 2.25 lakh shell companies under scrutiny of corporate affairs ministry
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.
Sensex falls 306 points, Nifty at 10,430; oil stocks end lower on likely burden of petrol, diesel price cut
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 […]