Month: December 2020
Extension of period of company name reservation – ROC empowered to extend period by 60 days for name reserved under rule 9 using SPICe+ MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, 24th December, 2020 G.S.R. 795(E).—In exercise of powers conferred by section 3, sub-section (1) of section 7 and sub-sections (1) and …
Companies (Share Capital and Debentures) Second Amendment Rules 2020 Ministry of Corporate Affairs has issued Notification for Companies (Share Capital and Debentures) Second Amendment Rules, 2020. The said rules amends the Companies (Share Capital and Debentures) Rules 2014 by substituting the Form SH-7. The Form SH-7 is …
Communication between Taxpayers Facility provided on GST Portal for sending notification amongst recipient/supplier of missing documents etc. A facility of ‘Communication Between Taxpayers’ has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regarding missing documents or any …
Income of Yamuna Expressway Industrial Development Authority exempted u/s 10(46) of the Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 91/2020 New Delhi, the 24th December, 2020 S.O. 4684(E).—In exercise of the powers conferred by clause (46) of section 10 of …
CBIC clarifies Myths and Facts on strict amendments in GST Laws to prevent frauds According to CBIC, the notification dated 23.12.2020 has been issued in order to curb the GST fake invoice frauds the Government on the recommendations of the GST Council’s Law Committee. The amendments aim to …
CGST (14th Amendment) Rules 2020 – Highlights / Key Amendments introduced Central Government, on the recommendations of the Council has notified the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020 Highlights / Key Amendments introduced CGST (Fourteenth Amendment) Rules 2020: Application for GST Registration (Rule 9) Application …
Late fee for delay in furnishing of Form GSTR-4 for FY 2019-20 from 01.11.2020 till 31.12.2020 waived for registered person in UT of Ladakh MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 93/2020-Central Tax New Delhi, the 22nd December, 2020 G.S.R. 785(E).—In exercise …
Initiation of CIRP suspended for a further period of three months from 25.12.2020 The Ministry of Corporate Affairs (MCA) vide notification SO. 4638(E) dated 22nd December 2020 has further suspended the initiation of CIRP for a further period of three months from 25.12.2020 Download Notification Click Here …
Bihar Government extends due date for furnishing GSTR-1 by taxpayers with turnover of more than 1.5 crore rupees for the months from October, 2020 to March, 2021 The 18th December 2020 S.O. 200, Dated 18th December 2020 In exercise of the powers conferred by the second proviso to …
ICAI Advisory to follow the ICAI Valuation Standards 2018 while conducting any type of Valuation Engagement to ensure uniformity and transparency The Institute of Chartered Accountants of India (ICAI) has issued ten Valuation Standards 2018 to promote best practices in this niche area of practice and ensure the consistent, …
