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MCA enables Aadhar authentication for GSTIN on Company Incorporation

March 5, 2021 2232 Views 0 comment Print

Companies (Incorporation) Third Amendment Rules, 2021. Introduction of Aadhar authentication facility for GSTIN Registration in Form INC-35 AGILE-PRO This is to inform you that the Ministry of Corporate Affairs has issued a notification on 05th March 2021 stating that in the Form INC-35 AGILE-PRO, part of SPICE+, in serial no-12 at the end of table […]

MCA notifies amendment in Section 92 of Companies Act 2013

March 5, 2021 9921 Views 0 comment Print

Commencement notification of the provisions of Companies (Amendment) Act, 2017 w.e.f. 05th March, 2021 in respect of provisions relating to Annual Return MCA notifies date of applicability of amendment in Section 92 of Companies Act, 2013 w.e.f. 05th March, 2021 which deals with Annual Return of the company. Amendment was made by Companies (Amendment) Act, […]

Upcoming changes in Table-12 format of GSTR-1 Return

March 5, 2021 10566 Views 0 comment Print

Upcoming changes in Table-12 format of GSTR-1 Return 1. Changes in format of GSTR-1 Return 2. Changes in number of digit of HSN Code to be reported. Upcoming changes in Table-12 format of GSTR-1 Return Changes in number of digit of HSN Code to be reported. From 1st April 2021 onwards, it is mandatory to […]

Instructions for issue of Section 148 notice for Reassessment/Reopening

March 4, 2021 49428 Views 2 comments Print

CBDT directs that following categories of cases be considered as ‘potential cases’ for taking action u/s 148 of Act by 31.03.2021 for the A.Y 2013-14 to A.Y 2017-18 by Jurisdictional Assessing Officer

AO can pass consequential orders under Vivad se Vishwas: CBDT

March 4, 2021 12786 Views 0 comment Print

Under section 10 of Vivad se Vishwas, it is hereby clarified that where designated authority has passed orders under section 5(1) & (2) of Vivad se Vishwas, the Assessing Officer shall pass consequential order.

EPFO extends social security benefits to J&K & Ladakh subscribers

March 4, 2021 657 Views 0 comment Print

EPFO stands committed to serve its stakeholders in J&K and Ladakh, who are covered under EPF& MP Act, for providing social security cover in the form of provident fund, pension and insurance benefits to its members in a hassle-free manner.

FDI equity inflow grew by 40% in first 9 months of F.Y. 2020-21

March 4, 2021 666 Views 0 comment Print

India has attracted total FDI inflow of US$ 67.54 billion during April to December 2020. It is the highest ever for the first ninth months of a financial year and 22% higher as compared to the first ninth months of 2019-20 (US$ 55.14 billion).

8.50 % rate of interest for EPF subscribers for year 2020-21

March 4, 2021 3813 Views 0 comment Print

The Central Board recommended 8.50% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2020-21. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into the subscribers’ accounts.

Enabling Dealings by IFSC – Banking Units in Bullion Unallocated Accounts

March 4, 2021 789 Views 0 comment Print

To facilitate development of the bullion market in India, generate interest in trading & hedging activities, and serve as a precursor to International Bullion Exchange(IBE), an  enabling framework for Banking Units in IFSC to operate Unallocated Accounts has been  notified.

Guidance Note on Local Content in Manufacturing, Production & Supply of Goods and Services

March 4, 2021 6999 Views 0 comment Print

Technical Cell of the Institute has developed this Guidance Note to help the members in assessing the facts and circumstances involved in each particular case of providing certification for local / indigenous content in the manufacturing/production of goods & services, at various stages of bidding and supply.

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