Filing of FORM GST ITC-04 extended till 30th June
The Central Board of Indirect Taxes and Customs by Notification 15/2019 dated 28th March, 2019 has provided an extension of the deadline for the purpose of furnishing of the declaration in FORM GST ITC-04, with respect to goods dispatched to or received from a job worker from July, 2017 to March, 2019. The deadline has […]
Amendment to ITR Forms and applicability
The ministry of finance has released Income-tax (Second Amendment) Rules, 2019 which come into force on April 1, 2019 and thereby amended the income tax rules, 1962. Along with some minor changes made in some of the clauses, the amendment also prescribes substitutes for the annual return forms: Form Sahaj (ITR-1), Form ITR-2, Form ITR-3, […]
Prior Intimation required to avail 3% CGST rate on ‘First supply’
On April 5, 2019, the Central Board of Indirect Taxes & Customs (‘CBIC’) has issued a circular clarifying a previous notification issued on 7th March regarding CGST on First Supplies which came into effect on April 1, 2019. What does the March 7 notification provide? As per the circular, a person registered has the option […]
Data on deposit in Form DPT-3 to be provided till 31 March 2019
The Ministry of Corporate Affairs, vide amendment to the Acceptance of Deposit Rules, 2014 mandated every company, other than Government company, to file an onetime return of outstanding receipts of money or loan by a company not considered as deposits, in Form DPT-3. The Form was required to be filed with data on deposit from […]
Clarification on DIR-3 KYC – it is an Annual filing
Ministry of Corporate Affairs has released a message on filing of Form DIR-3-KYC. The message has been released to clarify the filing requirement of Form DIR-3 KYC due to unavailability of the form for Filing on an annual basis, and Filing in respect of DINs allotted post 31 March 2018. In 2018, Rule 12A was […]
Extension for filing GSTR-1 and GSTR-7
The last date for filing GSTR-1 and GSTR-7 for the month of March has been extended by notifications released by the Central Board of Indirect Taxes dated 10th March, 2019. GSTR-1 The details of outward supply of goods or services or both is filed in Form GSTR-1. Earlier, the last date for filing GSTR-1 for the […]
Forthcoming changes in E-Way Bill System
As per the news update released by the Ministry of Finance dated 26th March , 2019 these forthcoming changes in Electronic Way Bill System can be expected: Firstly, the E- Way Bill system is being enabled to auto calculate route distance for movement of goods, based on the Postal PIN codes of source and destination […]
National Guidelines on Responsible Business Conduct by MCA
Ministry of Corporate Affairs has revised the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGs) and formulated the National Guidelines on Responsible Business Conduct (NGRBC). The same was published on MCA official website on 15th March, 2019. NGRBC embodies the principles of UN guiding principles for business and human rights, UN sustainable […]
Decisions taken in 34th GST Council meeting: Real Estate Sector
In a move to give the residential real estate sector a moral boost, The GST council in its 34th meeting which was held on 19th March 2019 in New Delhi, discussed the fine points for the implementation of the recommendations that were made by the council in its 33rd meeting for lower GST rates of […]
MCA introduces e-form AGILE for application of GSTIN, ESIC and EPFO registration
Ministry of Corporate Affairs has has notified Companies (Incorporation) Third Amendment Rules, 2019 by a notification dated 29th March, 2019. As per the amendment, the application for incorporation of a company under Rule 38 i.e. through E-form INC-32 (SPICe) shall be accompanied by e-form AGILE (lNC-35) for registration under GST, ESI and EPF with following […]
