Important Update for taxpayers as Bank Account Updation is now mandatory. As per Rule 10A of the CGST Rules 2017, it is compulsory to mention and update Bank Account on the GST Portal. Failing to do so, might result in the deactivation of GST Registration. Therefore, In this article, we will read about this update in … Read more
In the COVID pandemic, the ministry of Corporate affairs extended AGM due date 30th September 2020 from 31st December 2020. However, there was no announcement towards the extension of filing ROC Annual Return and regarding the penalty of annual financial statement. Now the most awaited extension of filing ROC Annual Return due dates announced by … Read more
As we all know Private Limited Company and the Limited Liability Partnership are two separate business structures governed by two different acts namely the Companies Act 2013 and Limited Liability Partnership Act 2008 individually. Both entities i.e. LLP and Private Limited Company grant many similar features needed to run a small to large-sized business, while … Read more
In the view of COVID-19 pandemic, the Ministry of corporate affairs has announced the notification for the extension of Company Fresh Start Scheme 2020. Let’s summaries the Notifications issued:- Company Fresh Start Scheme Companies Fresh Start Scheme, 2020, is validated from 1 April 2020 to 30 September 2020. And offers companies the opening of a one-time … Read more
In the COVID pandemic, ministry of company affairs extended AGM due date till 31st December 2020 from 30th September 2020 however there was no announcement towards the extension of LLP ROC compliances due date. Now the most awaited extension of LLP compliances due dates announced by extending LLP Settlement Scheme to enable LLPs to make … Read more
The Lok Sabha has passed the Companies (Amendment) Bill that seeks to decriminalise specific offences under the Companies Act, 2013, in case of defaults but not involving frauds. Let’s Understand in Detail – The Companies (Amendment) Bill, 2020 The Companies (Amendment) Bill, 2020, was passed by Lok Sabha where Around 48 sections of the Companies … Read more
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
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
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
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