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Archive: 01 September 2020

Posts in 01 September 2020

UDIN Generation Mandatory for MFT-7 Certification wef 01.09.2020

September 1, 2020 30894 Views 1 comment Print

ICSI Unique Document Identification Number (UDIN) Guidelines, 2019 was amended by the Council meeting held on 13th July, 2020. The amendments shall be effective from 01st September, 2020. As per the Latest amendments, it is now mandatory to Generate UDIN in respect of the following also: 1. Certification of Annual Return in Form MGT – […]

How to find GST No. of Comapny

September 1, 2020 10695 Views 0 comment Print

Things required for finding GST No. of Company are: 1. Company Name 2. PAN no. Any of this of this out of two will be required to find the GST No. of Company. Link where find you’re GST No mentioned below: https://services.gst.gov.in/services/searchtpbypan GSTIN consists of 15 digits. These are 15 alphanumeric characters and each character […]

Need for Rotation of Directors | Section 152 | Companies Act, 2013

September 1, 2020 12555 Views 1 comment Print

Section 152 of the Companies Act,2013 is applicable on only: – Public Company Private Limited Company which is a subsidiary of a public company (Deemed Public Company) As stated in Section 152(6)(a) of the Act, unless the articles provide for the retirement of all directors at every annual general meeting. At least 2/3rd (two-third) of […]

Ceiling on MEIS benefits on exports made from 01.09.2020 to 31.12.2020

September 1, 2020 8967 Views 2 comments Print

A limit on total reward under MEIS has been imposed so that for exports made in the period 01.09.2020 to 31.12.2020 the total reward which can be claimed by an IEC holder does not exceed the ceiling of Rs. 2 Cr.

GSTR 6 – Furnishing of Return By Input Service Distributors (ISD)

September 1, 2020 9666 Views 3 comments Print

Input Service Distributor (ISD):- Input Service Distributor is an office of a business that receives tax invoices for input services of the taxable purchases on behalf of other establishments/branches and distribute the Input Tax Credit ( ITC ) on such purchases to the concerned establishment / Branches.

Taxability of Waiver of Loan Under Income Tax Act, 1961

September 1, 2020 30411 Views 1 comment Print

The ongoing Covid – 19 pandemic has affected the human lives severely.  Besides the impact on human lives it has drastically impacted the businesses. As per the data of the National Statistical Office (NSO) India has recorded worst GDP growth rate of -23.90% for quarter 1 of FY 2020-2021.  This indicates that the businesses are […]

ICAI to Issue Forensic Accounting & Investigation Standards

September 1, 2020 3933 Views 0 comment Print

With an increasing number of Accounting, Financial and Loan irregularities, there is a pressing need of Forensic Accounting and Investigation professionals in India to conduct their professional assignments in a manner which is based on the comprehensive, qualitative and prudent set of Standards, and also to collect evidences which may be subject to high level of scrutiny in a court of law.

Guidelines on Use of Caveats, Limitations & Disclaimers by Registered Valuers

September 1, 2020 4533 Views 0 comment Print

(a) These Guidelines may be called the Insolvency and Bankruptcy Board of India (Use of Caveats, Limitations, and Disclaimers in Valuation Reports) Guidelines, 2020. (b) These Guidelines shall come into force in respect of valuation reports in respect of valuations completed by Registered Valuers (RVs) on or after 1st October, 2020.

SEBI enhances debt & money market securities transactions disclosure

September 1, 2020 492 Views 0 comment Print

In order to further enhance transparency, it is now decided that the details of debt and money market securities transacted (including inter scheme transfers) in its schemes portfolio shall be disclosed on daily basis with a time lag of 15 days in a revised format as prescribed in Annexure A.

Anti-dumping investigation concerning imports of Flexible Slabstock Polyol

September 1, 2020 1443 Views 0 comment Print

Case No. (OI) 14/2019 Anti-dumping investigation concerning imports of Flexible Slabstock Polyol originating in or exported from the Kingdom of Saudi Arabia and United Arab Emirates (UAE) – Reg.

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