Where a notice has been issued for rejection of refund claim either in full or in part and where time limit for issuance of order in terms of the provisions of Section 54(5) and 54(7) falls during the period from 20th March, 2020 to 29th…
The time limit for Special procedure as notified in Notification No. 10/2020 – Central Tax has to be followed till 31st July, 2020 instead of 31st May, 2020 Who has to follow special procedure ? those persons whose principal place of business or place of…
The Government Notifies 8th June, 2020 as the date from which provisions relating to filing of NIL Return in Form GSTR-03B via SMS shall come into force. Rule 67A of the CGST Rules 2017 / Rule 3 of CGST (Fifth Amendment) Rules, 2020 contains provisions in…
COVID EMERGENCY CREDIT FACILITY IS FOR ALL COMPANIES AND NOT FOR MSMES ONLY While Addressing the FICCI National Executive Committee members, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that COVID Emergency Credit Facility covers all companies and not just MSMEs. Finance Minister assured…
Due to #covid19 #outbreak #governmentofindia has already extended the due dates, there are various compliance to be completed in June, and most of them has 30th June, 2020 as Due Date. Till Date no further extension of the date have been provided by the Government (Respective Departments). Hurry up…
Ministry of Corporate Affairs vide notification dated 5th June, 2020 amend has amended Companies (Share Capital and Debentures) Rules, 2014 in the following manner: In the provision of issue of sweat equity shares, the old definition of startup company which was issued by Department of…
In light of market events due to CoVID-19 pandemic, SEBI, vide Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/58, dated March 30, 2020, extended the due date for regulatory filings for AIFs and VCFs for the periods ending March 31, 2020 and April 30, 2020. A need has been felt…
Functionality In a major move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. Impact and Outreach This would substantially improve ease of GST compliance for over 22 lakh registered taxpayers who had to…