Posted Date : 01-Sep-2021 , 06:40:10 pm | Posted By Ishita Ramani

Compliance Calendar for the month of September 2021 It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the y...

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Category : Corporate Law | Comments : 0 | Hits : 2772

Posted Date : 18-Aug-2021 , 05:59:53 pm | Posted By CA. Dr. Gaurav Bhambri

Author CA.Dr. Gaurav Bhambri   Latest GST News 1. 2021 GST Updates 30th July 2021 A GST registered person whose aggregate turnover in the financial year 2020-21 is up to Rs.2 crore has been given exemption from filing Form GSTR-9 (annual return) for the FY 20202-21. The section 35...

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Category : Income Tax | Comments : 0 | Hits : 1939

Posted Date : 17-Aug-2021 , 03:55:17 pm | Posted By CA. Dr. Gaurav Bhambri

In this article, I have tried to cover up most of the issues commonly being faced & there suggested resolutions. 1. Whether filing of ITR for AY 2021-22 started on New Income Tax Portal? Yes, ITR filing has started on New IT Portal. Form ITR 1 & ITR 4 can be filed with both offline utility...

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Category : Income Tax | Comments : 5 | Hits : 7877

Posted Date : 17-Aug-2021 , 03:49:38 pm | Posted By CA. Dr. Gaurav Bhambri

The government has said that more than 700 emails dealing with 2000 issues including 90 unique issues/problems in the new income tax e-filing portal have been received from various stakeholders. These issues were reported by various stakeholders including tax professionals, Institute of Chartered Ac...

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Category : Income Tax | Comments : 4 | Hits : 22845

Posted Date : 16-Aug-2021 , 11:46:09 pm | Posted By CA Ronak Khandelwal

Drinking water supply through mobile tankers taxable at 18% 1. Supply of drinking water to the public through mobile tankers or dispensers by a charitable organization is taxable at 18 percent under the GST, AAR has ruled. 2. The Andhra Pradesh bench of the Authority for Advance Ruling (AAR...

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Category : GST | Comments : 0 | Hits : 1931

Posted Date : 16-Aug-2021 , 11:45:53 pm | Posted By CA Ronak Khandelwal

Drinking water supply through mobile tankers taxable at 18% 1. Supply of drinking water to the public through mobile tankers or dispensers by a charitable organization is taxable at 18 percent under the GST, AAR has ruled. 2. The Andhra Pradesh bench of the Authority for Advance Ruling (AAR...

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Category : GST | Comments : 0 | Hits : 1487

Posted Date : 09-Aug-2021 , 12:27:03 pm | Posted By Ankit Khandelwal

Latest updates by way of Notifications issued   Notification No. 29/2021- Central Tax dated 30.07.2021 [Omission of Section 35(5) of the GST Act i.e. GST Audit and Substitution of Section 44 – by inserting Self-Certified Reconciliation Statement]   The said notification omi...

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Category : GST | Comments : 0 | Hits : 2445

Posted Date : 07-Aug-2021 , 12:17:32 pm | Posted By Ishita Ramani

Tax Compliance and Statutory due dates for the month of August, 2021 Compliance Calendar for the month of August 2021 The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the country in the Augu...

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Category : Corporate Law | Comments : 0 | Hits : 2198

Posted Date : 30-Jul-2021 , 12:23:41 pm | Posted By CS MANJU LAUR

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Category : Corporate Law | Comments : 0 | Hits : 1446

Posted Date : 30-Jul-2021 , 12:14:52 pm | Posted By CS MANJU LAUR

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Category : Corporate Law | Comments : 0 | Hits : 1392

Posted Date : 26-Jul-2021 , 01:21:34 pm | Posted By CS MANJU LAUR

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Category : Corporate Law | Comments : 0 | Hits : 1432

Posted Date : 26-Jul-2021 , 10:50:51 am | Posted By Lalit Rajput

CBIC ABOLISHES LICENCE RENEWAL REQUIREMENT FOR CUSTOMS BROKERS, AUTHORISED CARRIERS   The Central Board of Indirect Taxes and Customs (CBIC) has w.e.f. 23.07.2021 abolished the requirement of periodic renewals of Licence/Registration issued to Customs Brokers and Authorised Carriers. This woul...

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Category : Corporate Law | Comments : 0 | Hits : 1242

Posted Date : 24-Jul-2021 , 05:21:24 pm | Posted By Lalit Rajput

AGM EXTENSION BY TOP 100 LISTED ENTITIES BY MARKET CAPITALIZATION Securities and Exchange Board of India (SEBI) vide notification / Circular SEBI/HO/CFD/CMD1/P/CIR/2021/602 dated 23rd July, 2021, has introduced and published “Extension of time for holding the Annual General Meeting ...

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Category : SEBI | Comments : 0 | Hits : 1837

Posted Date : 24-Jul-2021 , 05:14:04 pm | Posted By Lalit Rajput

Government includes Retail and Wholesale Trade as MSMES From 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSMEs. The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in...

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Category : Income Tax | Comments : 0 | Hits : 574

Posted Date : 24-Jul-2021 , 12:39:27 am | Posted By Ekta Sharma

REMOVAL OF COMPANY’S NAME AS PER SECTION 248(2) OF THE COMPANIES ACT, 2013: The Companies which do not want to carry out any business operations and are just bearing the burden of annual compliances can proceed with the closure of the Company through the provisions of Section 248 (2) and 249 o...

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Category : Corporate Law | Comments : 0 | Hits : 973

Posted Date : 23-Jul-2021 , 12:19:07 pm | Posted By CS MANJU LAUR

Foreign Liabilities and Assets (FLA) Foreign Liabilities and Assets (FLA) is an Annual Return which is to be submitted by all those Indian Resident Companies which have received Foreign Direct investment (FDI) and/or made Investment Overseas (FDI Abroad) in previous year(s) which shall also include...

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Category : FEMA | Comments : 0 | Hits : 1213

Posted Date : 22-Jul-2021 , 05:42:08 pm | Posted By CS MANJU LAUR

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Category : Income Tax | Comments : 0 | Hits : 1231

Posted Date : 21-Jul-2021 , 03:12:43 pm | Posted By CS MANJU LAUR

GST Registration   GST   GST is the biggest tax reform of the Country that subsumed various taxes in a single tax. With the introduction of GST the cascading effect has been abolished. It is an indirect nature tax applicable on the supply of goods or services or both. The taxable event...

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Category : GST | Comments : 0 | Hits : 690

Posted Date : 20-Jul-2021 , 01:37:38 pm | Posted By CS MANJU LAUR

LMPC Certification Customs Authorities are getting stricter regarding the implementation of Legal Metrology laws on businesses in India. No person can import any weight or measure, unless he obtains an importer certificate under section 19 of Legal Metrology Act, 2009. The purpose of these certific...

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Category : Corporate Law | Comments : 0 | Hits : 649

Posted Date : 20-Jul-2021 , 12:15:45 pm | Posted By CS MANJU LAUR

What is WPC? A wing was established in 1952 by the Government of India called The Wireless Planning & Coordination (WPC). WPC is a branch of Department of Telecommunications established under the Ministry of Communications and Information Technology of the Government of India. WPC is the Nationa...

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Category : Corporate Law | Comments : 0 | Hits : 556