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Blanket late fee exemption unfair to taxpayer filing GST return before 24.06.2020
CBIC on Twitter on 26.06.2020As part of COVID relief package announced in March 2020, a conditional waiver of late fee had been provided for all the taxpayers.Accordingly, for taxpayers having turnove...
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File application for Revocation of Cancellation latest by 30th September 2020
The Central Government, vide Order No. 01/2020-CT dated 25.06.2020, has provided an opportunity to the taxpayers whose registration was cancelled on or before 12th June 2020, to file an application fo...
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CBIC issues 9 GST Notification & one Instruction on 24.06.2020
CBIC has issued one GST Instruction, Two IGST Notifications, 6 CGST Notifications and one UTGST Notification on 24th June 2020. Notifications are for notifying relaxation in GST Interest Rate & Late F...
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CBIC kicked off Electronic Shipping Bill and Gate Pass
CBIC kicked off Electronic Shipping Bill and GatePass The Central Board of Indirect Taxes & Customs (‘CBIC’) has taken several measures to facilitate and expedite the custom clearance processes contac...
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CBIC Enables End to End Paperless Exports under Turant Customs
Ministry of FinanceCBIC Enables End to End Paperless Exports under Turant CustomsPosted On: 23 JUN 2020Shri Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC) here yesterday unve...
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Clarification on CSR contribution to PM CARES Fund
General Circular No. 25/2020 F. No. 13/18/2019-CSRGovernment of IndiaMinistry of Corporate Affairs 5th Floor, “A” Wing, Shastri BhawanDr. Rajendra Prasad Road, New Delhi-11000125th June, 2020 To,All S...
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Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020
MCA has vide Notification No. G.S.R. 420(E) dated 29th June, 2020 has issued and published the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020 further to...
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Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020
MCA has issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020 which are applicable from 23rd June 2020 and by this Registration of details of Independent Directors...
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Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020
MCA further relax the requirement of holding Board meetings with physical presence of directors under section 173 (2) read with rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 f...
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Measures for benefit of CAPF & CPMF veterans & their family included in CSR
MCA amends Clause (vi) of CSR Schedule VII of Companies Act 2013 to includes measures for the benefit of Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their...
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Private Limited Company can transfer shares without Dematerialization
In case of Private Limited Companies; Section 29 (1) (b) of Companies Act 2013 includes Private Limited Companies also w.e.f. 14.08.2019. However, the class of companies to which it should apply is ye...
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ICSI requests to extend relaxation period of Company Law compliances
THE INSTITUTE OFCompany Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of Parliament(Under the jurisdiction of Ministry of Corporate Affairs)MCA: June: 2020June,...
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Guidance Note on Companies (Auditor’s Report) Order, 2020
The Institute of Chartered Accountants of India(Set up by an Act of Parliament)New DelhiGuidance Note on The Companies (Auditor’s Report) Order, 2020Foreword The Ministry of Corporate Affairs (MCA) ha...
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Further extension for Names Reserved & Re-submission of MCA forms
MCA Further Extends timeline for Name Reservation / Re-submission for Companies & LLP’sIn view of the situation arising due to COVID-19 pandemic and extended lockdown period, Ministry of Corporate Aff...
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Format of Consent Letter From Statutory Auditor
under Companies Act, 2013.Date: ————–To,The Board of DirectorsName of Company————-Address—————————-Sub: Consent LetterDear Sir(s),Pursuant to the section 139 of the Companies Act, 2013 read with rules...
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Income Tax Refund of Rs. 62.36 crore issued during Covid days
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 3rd July, 2020PRESS RELEASEIncome Tax Department Refunded Rs. 62,361 crore to more than 20 lakhtaxpay...
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Ten Years Imprisonment with Fine to then ITO in A Bribery Case
Central Bureau of InvestigationPress ReleaseNew Delhi, 30.06.2020The Special Judge, CBI Cases, Dehradun (Uttarakhand) has sentenced Shri Amrish Kumar Singh, then Income Tax Officer, Khatima, District...
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NIL Form GSTR-1 filing via SMS from 1st week of July 2020
NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020. Previously on 8th June, a si...
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CCI approves acquisition of 9.99% stake in Reliance Jio by Jaadhu Holdings LLC
Ministry of Corporate AffairsCCI approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLCPosted On: 24 JUN 2020The Competition Commission of India (CCI) approves acquisition of 9.99...
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Govt Extends due dates under Income Tax Law & Benami laws
Vide Income Tax Notification No. 35/2020 dated 24.06.2020 govt extends Due date for ITR for FY 2018-19 upto 31.07.2020, Last date for investments to be eligible for deduction under Chapter VI-A i.e. 8...