Business compliance

Extension of AGM Date without Filing of Form GNL-1

Extension of AGM date

A big relief is given by the Ministry of Corporate Affairs (MCA) to the companies today by extension of AGM date for holding Annual General Meeting till December 31st from September 30th. Let’s understand in detail –  Extension of AGM Date  Due to the Covid-19 pandemic, the ministry of corporate affairs has diminished the compliance … Read more

Extension of AGM date due to Covid-19 Pandemic

extension of agm date

Due to the Covid-19 pandemic, the ministry of corporate affairs has reduced the compliance burden on the corporate sector which partially opened up the industry. MCA has received several representations to allow companies to provide an extension of AGM (Annual General Meeting) date for the financial year which is about to due on 30.09.2020. Recently, CBDT … Read more

Ban on Deemed Approval of GST Registration Lifted

Deemed Approval of GST Registration

The GST department has recently announced that the ban on deemed approval of GST Registration shall now be lifted soon. As we know that the country was under complete lockdown since 25th March 2020, on account of COVID-19 pandemic. There were many people who had filed applications for GST Registration, which were being deemed approved … Read more

5 Key Tax reliefs while COVID-19 Lockdown

5 tax reliefs

The government has given certain tax reliefs to the taxpayers during COVID-19 Lockdown. The COVID-19 pandemic has an adverse impact all over the globe and sent economies spinning. Indian government is doing its best to revive the economies and has provided some relaxations as regards ITR filing and GST return filing. Here are those key … Read more

New GST Registration Process slows down due to Lockdown

GST registration delay

With the spread of the coronavirus, GST registration is facing huge delays. Obtaining a new GSTIN has become a bit difficult due to the COVID-19 lockdown.   Delay in New GST Registration Process due to the lockdown New GST registration has been getting delayed to an extent of 60 days and if the situation gets … Read more

Interest on PPF, Savings Bank Deposit crucial for GST registration

Interest on PPF and gst

The most recent GST update is that as per the new criteria, Interest on PPF and Savings Bank Deposit shall be accounted for deciding threshold for GST registration. Let us understand this update in detail.   Role of Interest on PPF, Savings Bank Deposit in GST registration The value of some of the non-taxable incomes … Read more

Companies Granted Additional 180 days to file Declaration of CoB

Declaration of CoB

In view of the COVID-19 outbreak, the Government has granted companies an additional 180 days to file the Declaration of CoB in the Form INC-20A.   Time-limit to file Declaration of CoB Raised As per the Companies Act 2013, every newly incorporated company is required to file a declaration of commencement of business (CoB) in … Read more

Now NIL GST Return Filing Easier than Ever!

NIL GST Return Filing Easier than Ever

The GST department has given a major relief to taxpayers by making GST Return Filing easier like never before! The tax department has allowed them to file NIL GSTR-3B Return easily through SMS. This is indeed a great relaxation for the 22 lakh taxpayers having GST registration who earlier had to log in to the … Read more

7 Super-easy Steps How to get PAN Card Number Online

PAN card number online

Recently, the government has introduced a new facility to obtain PAN Card Number Online through Aadhaar e-KYC functionality. Now, the applicants can get a new PAN Card Number Online very easily through Aadhaar based PAN application online. Let us understand this process easily. How to get PAN Card Number Online through Aadhaar e-KYC? Now, the … Read more

All IPR Deadline Extended due to COVID-19

IPR deadline extended due to COVID-19

After a thorough review, the CGPDTM has announced that all IPR deadline extended due to COVID-19.  CGPDTM has declared that the due dates, as for the procedures recommended under the IP Acts, regarding any reply, documentation, and payment of govt fees, and so on in respect of all IP applications falling due from 15th March … Read more