The Ministry of Corporate Affairs invites comments on the report of the company law committee by 25th November 2019
The Ministry of Corporate Affairs has issued a notice on 18th November 2019, Inviting comments from the stakeholders by 25th November, on the report of the Company Law Committee to decriminalize contraventions of the Companies Act.
CBIC issues clarifications regarding optional filing of GST annual return in GSTR-9 & GSTR-9A
The Central Board of Indirect Taxes and Customs, has issued a clarification regarding the optional filing of GST annual return.
MCA Notifies Rules For Corporate Insolvency Resolution Process Of Guarantors To Corporate Debtors
The Ministry of Corporate Affairs vide Notification dated 15th November 2019, has notified rules for corporate insolvency resolution process in respect of guarantors of corporate debtors, called The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, which shall be in force from 1st December 2019.
CBDT publishes the Income-Tax (14th Amendment) Rules, 2019
The Central Board of Direct Taxes on 18th November 2019 has issued the Income-Tax (14th Amendment) Rules, 2019, introducing new obligations for tax payers deducting tax at source as per Section 194M of the Income tax Act, for commission, brokerage or professional fees paid for work done in pursuance to contract.
