In order to consider the request and representation of various stake holder, the Government has come up with a new scheme called as COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) for initial period of 6 months i.e. 01.04.2020 till 30.09.2020 vide its General Circular No.12/2020 on the 30th day of March, 2020.
In this article I have tried to compile some major technical glitches, errors, issues in GSTN. Hope few of them may be the reason why Mr. Nielkani was called for and to resolve them in time.
In order to provide relief to law abiding Companies, the Ministry of Corporate Affairs has introduced the Companies Fresh Start Scheme, 2020 [CFSS – 2020] on Monday, 30th March, 2020. CFSS – 2020 will certainly provide a noble opportunity to all companies to make good any previous filing defaults without paying any additional fees and […]
The virus outbreak has become one of the biggest threats to the global economy and financial markets. Being part of the global village India is not immune to the virus. The 21 days Lockdown is announced by PM all over the India on 24th March. While the Government of India, as well as State governments, […]
To allow the defaulting companies and to enable them to file the belated documents, the Central Government in the exercise of powers conferred under section 460 read with section 403 of the Companies Act, 2013 has decided to introduce a scheme namely ‘COMPANIES FRESH START SCHEME- 2020 (CFSS-2020)’condoning the delay in filing the documents with Registrar of Companies.
♦ Overview Ministry of Corporate Affairs (MCA) has vide General Circular No. 13/2020 dated 30th March, 2020, modified the provisions related to LLP SETTLEMENT SCHEME, 2020. ♦ Revised Timeline : Applicable w.e.f. 01.04.2020 And shall remain into Force upto 30.09.2020. ♦ Previous Scheme: LLP SETTLEMENT SCHEME , 2020 vide General Circular No. 6/2020 dated 04.03.2020 […]
Eligibility for MSME (Udyog Aadhaar) Registration The following enterprises are eligible to obtain MSME registration: 1. Manufacturing Enterprises – The enterprises : Engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or Employing plant and machinery in the process […]
In pursuance of the Government of India’s efforts to provide relief to law abiding companies and in the wake of COVID 19, the Ministry of Corporate Affairs, has introduced the ‘Revised LLP Settlement Scheme, 2020‘which is already in vogue a first of its kind opportunity to LLPs to make good any filing related defaults, irrespective […]
GSTN Issued Advisory on Tracking GST Refund Application Status on the GST Portal and PFMS portal Initially, the functionality to track the status of GST refund application has been available on the GST common portal at www.gst.gov.in only. Now, the Public Financial Management System (PFMS) of the Controller General of Accounts (CGA) has also made […]
Companies Fresh Start Scheme, 2020 and modified LLP Settlement Scheme incentivize compliance and reduce compliance burden during the unprecedented public health situation caused by COVID-19. The USP of both the schemes is a one-time waiver of additional filing fees for delayed filings by the companies or LLPs with the Registrar of Companies during the currency […]
