"30 January 2020" Archive

GSTR-9C filing within one month- GSTN reply and Advisory

Article answers following queries 1. New version of GSTR9C was made available on the Portal in December 2019. How can we file within one month? 2. Government extended date for filing of GSTR-1 up to 17/01/2020 but portal allows the ITC shown in GSTR-2A up to 30/04/2019. 3. Where is the provision to upload PDF […]...

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Board Resolution to file e-Form DPT-3, Onetime and Annual

Authorisation to file e-Form DPT-3 One Time The Chairman informed the Board that the Ministry of Corporate Affairs (MCA) vide notification dated 22th January, 2019 in exercise of the power conferred by clause (31) of section 2 and section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 […]...

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Complete work & hearing in office hours except in occasionally Circumstances: ITAT

Shri Shanmugam Senthilkumar Vs ITO (ITAT Chennai)

Shri Shanmugam Senthilkumar Vs ITO (ITAT Chennai) ITAT, Chennai advice to CIT ( Appeals) to Complete the work and hearing in office hours except in occasionally Circumstances hearing the appeals and making the tax practitioners, advocates and Chartered Accountants to wait till 9 PM to 10 PM on daily basis has to be avoid. Late […]...

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IEPF Compliance Checklist for a Financial Year

IEPF Compliance Checklist for a Financial Year Updated as per Section 125 of Companies Act, 2013 and Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. S. No.  Particulars of compliance Timelines 1 Form IEPF-3 Within 30 days of the end of the Financial Year 2 The Company shall inform th...

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Step by step simple process to raise Authorized Share Capital

1. Increase in share capital shall be authorised by articles of association (AoA) of the company. In case AoA does not authorise to increase the share capital the AoA shall be amended as per section 14 of Company Act 2013 by passing special resolution. 2. The company shall need to alter the memorandum of association […]...

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Compliance under section 269SU

In furtherance to the declared policy objective of the Government of India to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU has been inserted in the Income-tax Act, 1961 vide the Finance (No. 2) Act 2019, which provides that every person having a business turnover of more than Rs...

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Notice Period Recovery – liable for GST?

In recent years, the issue of Service Tax/GST liability on the Notice period recovery is a subject matter of dispute. While certain conservative employers have made a choice to pay service tax on such recoveries, certain employers have made bold choices of not paying taxes which were followed by the issuance of the demand notices/orders c...

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What to expect in 2020, for Listed Companies & entities regulated by SEBI?

What is SEBI? Securities and Exchange Board of India (SEBI) is a statutory regulatory body which is owned by Government of India. Its main objective is to ensure that whether the Indian capital market is working in a systematic manner by providing investors a transparent environment for their investment in business. The primary reason f...

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GSTR-9 & GSTR-9C/ GST Audit Date Extension & Result of Denial of Extension

There is a genuine demand for Extension of Date for GSTR-9/ GSTR-9C and the date should be extended as desired by various Trade and Industry Association and supported by various professional Associations. Let us see what will be the eventuality if date is not extended so that you can complete your work without tension. Try […]...

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Be Vigilant against Emails & Advertisements Relating To CBI Internship Scheme

Certain instances of fraudulent advertisements and emails relating to the Central Bureau of Investigation (CBI) Internship Scheme have come to the Agency’s notice. These are being spread on some platforms to attract young professionals....

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October 2020