"19 April 2020" Archive

Classify Services rendered by practising CAs as Essential Services: WIRC writes Maharashtra CM

It will be desirable that the services rendered by the practising CAs be classified as 'Essential Services' under the guidelines expected to be issued by the Home Ministry for granting exemption or relaxation in the matter of operation of offices and staff attendance in the offices of the practising CAs, of course, subject to adherence to...

Read More
Posted Under: CA, CS, CMA |

Supply of non-essential goods by E-commerce companies prohibited

No. 40-3/2020-DM-I(A) 19/04/2020

It has been clarified by Ministry of Home Affairs that supply of non-essential goods by e-commerce companies will remain prohibited during lockdown. Text of the relevant MHA Order is as follows:- No. 40-3/2020-DM-I(A) Government of India Ministry of Home Affairs North Block, New Delhi-110001 Dated 19th April, 2020 ORDER In continuation of...

Read More

Life in the era of COVID-19- PM Share his thoughts

The Prime Minister, Shri Narendra Modi has shared few thoughts on Linkedin, which would interest youngsters and professionals. Following is the text of Prime Minister, Shri Narendra Modi’s thoughts which was shared on Linkedin. ‘It has been a topsy-turvy start to the third decade of this century. COVID-19 has brought with it many ...

Read More
Posted Under: CA, CS, CMA |

CBDT revising Income Tax return forms due to Covid-19

(Release ID: 1616035) 19/04/2020

In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to Covid-19 pandemic situations, the CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) which shall be notified by the end of this month....

Read More

Can A Liquidator & RP initiate CIRP against other Corporate Debtor

Ashutosh Gupta and Gaurav Rana MOOT QUESTION VI, CAN A LIQUIDATOR AND RP INITIATE CIRP AGAINST OTHER CORPORATE DEBTOR. Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (“Ordinance”) promulgated on 28th December, 2020, has not only brought, changes in respect to home buyers but also clarity in respect to powers and rights as ...

Read More
Posted Under: CA, CS, CMA |

Environment, Health and Safety Assessment (Environmental Audit)

Environment, Health and Safety Assessment (EHS Assessment) in general, called and known as ‘Environmental Audit’.  Environment safety has been a major concern in previous says giving rise to need of environmental audit in all the organizations. Environmental audit is one of the areas of environmental awareness. In this articl...

Read More
Posted Under: CA, CS, CMA |

Caution: GSTR-3B Due Date Not Extended

Confused with various dates of GST Returns???? In this post we will be covering the concept based on which various dates have been derived for different returns – by registered taxpayer – who is required to file return (GSTR-3B) under section 39(1) of CGST Act 2017 Ques: In this crisis of Covid-19 it is not […]...

Read More
Posted Under: CA, CS, CMA |

Formation of Section 8 Company

FORMATION OF SECTION 8 COMPANY ♣  When a person or an association of person is desirous of forming a Limited Company with any of the below objectives/intentions: (a) promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object; (b) apply its prof...

Read More
Posted Under: CA, CS, CMA |

Annual Compliances for Section 8 Company

Annual Compliances for Section 8 Company ♣ Section 8 Company is the Company, which– a. has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object; b. intends to apply its profits, if any, or other income in promoting its...

Read More
Posted Under: CA, CS, CMA |

Ineligible Input Tax (Blocked) Credit under GST

1. A free flow of input tax credit is a backbone of GST Law for eliminating cascading effects of taxes. However , section 17(5) of the CGST Act,2017 specifies certain Goods and Services as Blocked Credit . It means , a taxable person is not eligible to take Input Tax Credit ( ITC) on the […]...

Read More

Search Posts by Date

May 2021
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31