"26 June 2019" Archive

8 Upcoming Due Dates / Last Dates for filing various GST forms

We compiled Due date for furnishing Form GST REG-26, Form GST ITC-04, Form GSTR-5, Form GSTR-5A, Form GST ITC-01, Form GST CMP-03 and Form GSTR-1, which are as follows:-...

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Public can continue to accept all the coins as legal tender: RBI

RBI/2018-19/223 DCM (NE) No.3057/08.07.18/2018-19, Press Release: 2018-2019/3056 (26/06/2019)

Reserve Bank appeals to members of the public not to give credence to such rumours and continue to accept these coins as legal tender in all their transactions without any hesitation....

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CBDT allows Angel Tax Exemption to 702 startups

DPIIT accepts applications and declarations from Startups applying for Angel Tax Exemption and on the receipt of the same DPIIT forwards these applications to CBDT. As on 21st June, 2019 a total of 944 applications for Angel Tax Exemption have been received. Thirty-nine applications have been found to be incomplete, and 203 applications ...

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Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019

L. A. BILL No. XXXIII OF 2019. (26/06/2019)

A BILL to provide for settlement of arrears of tax, interest, penalty or late fee which were levied, payable or imposed, respectively under various Acts administered by the Goods and Services Tax Department and for the matters connected therewith or incidental thereto....

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Subsidiary Company not to Hold Shares in its Holding Company

♦ HOLDING COMPANY As per Section 2(46) ‘holding company’, in relation to one or more other companies, means a company of which such companies are subsidiary companies. ♦ SUBSIDIARY COMPANY As per Section 2(87) “subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company...

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Service of Documents on a company or an officer thereof

A document may be served on a company or an officer thereof by sending it to the company or the officer at the registered office of the company by registered post or by speed post or by courier service or by leaving it at its registered office or by means of such electronic or other […]...

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Issues in GST Annual Return GSTR-9/9A and Reconciliation GSTR-9C

Issues in GST Annual Return GSTR-9/9A and Reconciliation GSTR-9C requiring your urgent attention and corrective actions. People are facing grave problem in practically implementing the requirements in GSTR-9, 9A & 9C. We urge you to consider and clarify the following issues which are arising at the time of preparing and filing Annual ...

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UDIN for CMAs in Full Time Practice-FAQs – ICMAI

UDIN FOR Cost & Management Accountants (CMAs) in Full Time Practice-FAQs-ICMAI OF LATE BUZZ WORD IS UDIN NOW POPULAR IN PROFESSIONAL FRATERNITY REGARDING CERTIFICATION WORK DONE BY CMAs. Several times it has been noticed that non-CMAs has been misrepresenting themselves as ICMAI member and offering certification services to numerous A...

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Can ITAT Dismiss Appeal for Non-Persecution

Recently a number of decisions have come in which Income Tax Appellate Tribunal has dismissed appeals for non-persecution. This paper is an attempt to understand the legal provisions regarding dismissal of appeal for non-appearance. Rule 24 of the Income Tax Appellate Tribunal Rules reads as, 24. Hearing of appeal ex parte for default by ...

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Section 31(1): Time for issuing GST Invoice for supply of goods

Where the Supply Involves Movement of Goods Before or at the time of removal  of goods for Supply to the Recipient When the movement is caused by the supplier, the point of removal will arise when the goods are dispatched from the place of business of the supplier. So Invoice is required to be issued […]...

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