(i) Anytime after the expiry of 5 years from the end of the financial year in which the initial subscription for Public Provident Fund (PPF) Account was made, the subscriber may withdraw 50% of the balance to his credit at the end of 4th year immediately preceding the year of withdrawal or the amount at the […]
How to claim refund of Input Tax Credit and tax paid on exports of goods or services Here, we aim to discuss the new procedures around claiming refund of GST for businesses engaged in export of goods or services. Earlier due to the unavailability of electronic fund module on common portal, a temporary mechanism was […]
Cyrus Mistry won half the battle; on the other hand Tata Sons is seeking more legal option to win the next battle of the Board. On 18th December 2019 (Wednesday), Mr. Cyrus Pallonji Mistry would have been the happiest man in Mumbai’s Corporate Circle, for not only did he win back the chair he was […]
Tough time for Non-filers. Automated SCNs shall be sent if 3B is delayed for more than 5 days Summary of Circular No. 129/48/2019 – GST Dated 24.12.2019 1. CBIC has mandated quoting of Document Identification Number (DIN) on all the communications including E-mails from its officers w.e.f. 24th Dec,2019. 2. Further, the board has also […]
Procedure for Increasing of Authorised Share Capital of the Company includes sending Notice of Board Meeting in writing to every director, Pass the Resolution in Board Meeting for Increasing of Authorised Share Capital and for calling EGM of Shareholders, Notice for Calling EGM, Passing Resolution in EGM for Increasing of Authorised Share Capital & Alteration […]
Central Board of Indirect Taxes (CBIC) has recently released a Circular No 129/48/2019 – GST dated 24th December, 2019 detailing Standard Operating Procedures (SOP) to be followed by Tax Authorities in case of non-filing of returns. The key highlights of the Circular is as under – A. In case of failure to furnish return, GST […]
Kisan Vikas Patra is a saving certificate which was first launched in 1988. Kisan Vikas Patra was a very Popular Investment Scheme amongst the investor which was discontinued wef 30.11.2011 on recommendation of Shayamla Gopinath committee considering the misuse of the scheme vide government Notification [F.No. 1/10/2011-NS-II], dated 25-11-2011 and decision for the same was […]
Following the proposals of Second National Commission on Labour, the Ministry of Labour and Employment presented the Code on Wages, 2017 in the Lok Sabha on August 10, 2017. Nonetheless, the said code couldn’t turn into a reality due to the dissolution of Lok Sabha. On July 23, 2019, the Code on Wages was re-represented […]
Assistance to sugar mills for expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on export of sugar to be provided to facilitate export which is to be used for payment of cane price dues of farmers for the sugar season 2019-20 and […]
In the existing GST return filing system, dealers with Turnover up to Rs.1.5 crore in the previous year or anticipating turnover up to Rs.1.5 crore in the current financial year, are eligible to file their GSTR 1 – returns on a Quarterly basis. The due dates being 31st July, 31st October, 31st January, 30th April.
