The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, author assume no responsibility, therefore.
Recent Changes in GST vide Various Notification No. 30/2020 to 36/2020 dated 03.04.2020 In view of the spread of pandemic COVID-19, the Hon’ble FM has announced various reliefs measures relating to statutory and regulatory compliance matters in GST. For ease of your convenience and reference, due date calendar for various returns in GST is given […]
Companies Fresh Start Scheme 2020| Unique Window Of Opportunity For Defaulting Companies Upon the COVID-19 outbreak which has shaken the entire world Ministry of Corporate affairs has given light to the ‘Defaulting Companies’ to combat with economic disruptions and also to make a fresh start on a clean slate, In furtherance to its General Circular […]
Late fee & interest is payable if GSTR-3B is filed after the due date. In case of difficult periods, generally the due dates will be extended to give relief from the payment of late fee & interest. But during this COVID-19 difficult times, Government has chosen different & innovative method. Instead of extending the due […]
Immunity dose for Defaulting Companies- Companies Fresh Start Scheme, 2020 (CFSS 2020) | Frequently Asked Questions Amid all the chaos of COVID-19, MCA and SEBI are issuing notifications, orders, regulations, guidelines and advisories to give relaxations for their mandatory compliance. In additions to these, MCA has come out with Companies Fresh Start Scheme, 2020 (Scheme) […]
DIFFICULT TO INCORPORATE A COMPANY ON MCA PORTAL? Article explains Simplified STEP WISE PROCEDURE for Incorporation of Company in India on MCA Website using different type of Incorporation Forms. Article also explains document required for incorporation of different Types of company in India with SPICE+ Form i.e. Private Limited Company (OPC), Private Limited Company, Section […]
– CA Venkat Prasad. P & CA Lakshman. K Background Section 16 of IGST Act, 2017 entitles exporters to claim refund under either of the two options: 1. Export without payment of IGST under bond or Letter of Undertaking (LUT) and claim refund of unutilized Input Tax Credit (ITC) or 2. Export with payment of […]
A quick analysis of the CBDT notification dated 31.03.2020 extending the validity of Lower Or Nil Tax Deduction/Collection Certificate for FY 2019-20 Introduction: Due to COVID-19 pandemic, all establishments including the income tax office are not working to full capacity and hence the income tax officers were unable to issue certificates u/s. 197 of the […]
As per section 2(42C) of the Income-tax Act 1961, ‘Slump Sale’ means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales. For understanding the term ‘Slump Sale’, it is significant to delve into […]
1. The issue of shares on a preferential basis is governed by Section 62(1)(c) of the Companies Act, 2013 and Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014. 2. In accordance with the provisions of Section 62(1)(c) of the Act, where at any time, a company having a share capital proposes to […]
