Our Blogs

  • GST Filing Dates extended In Detail

  • No Extention to Financial Year 2019-20

    • No extension of the Financial Year: There is a fake news circulating in some section of media that the financial year has been extended.

      - Tweet by Ministry of Finance

  • Stock market to stay open despite 21-day India lockdown

    • The country’s leading stock exchanges NSE and BSE will remain open despite the 21-day nationwide lockdown announced by Prime Minister Narendra Modi in the wake of the coronavirus pandemic.
       

  • Update Extention or Relaxation in Various Compliance

    • Income Tax

      1. Due date of returns for FY 18-19 extended to 30/06/20
      2. Interest on delayed payments for F Y 18-19 reduced to 9%
      3. TDS dates not extended, however interest reduced to 9% till 30/06/2020
      4. All dates under I Tax extended to 30/06/2020
      5. VsV extended to 30/06/2020 with no additional charge

       

      GST

      1. Mar, Apr and May GST returns including composite returns extended to 30/06/

  • Indian Government Run to Help The Masses - Direct Benefit Transfer

    • Direct Benefit Transfer (DBT)

      1. Farmers to get Rs. 2000/-  upfront from the annual Rs. 6000/- pa 8.70 crore farmers to benefit
      2. Wages of MNREGA increased for 5 Cr family to Rs.2000/- pm per worker
      3.  3 crore Old age, widows and disabled to be given Rs. 1000/- additional in two installments
      4. 20 crore women Jan dhan account holders to get Rs 500/- pm for next 3 months
      5. 8 crore BPL families under ujwalla scheme to get free

  • FAQ on RBI Monatorium

    • EMI deferral- Is it automatic, are credit card bills suspended, what for businesses, and other questions on RBI moratorium answered

       

      Q: My EMI is due soon. Will the payment not be deducted from my account?

      A: The RBI has only allowed banks to allow a moratorium. Individual banks will have to allow suspension of EMIs. The borrower will have to request the bank and show that his or her income has been impacted by the coronavi

  • Steps to change E-mail ID or Mobile Number on GST Portal

    • Dealers have registered in GST Portal either as migrated category based on provisional ID provided based on existing registration (VAT/Service Tax/ Excise, etc) or have obtained fresh registration post commencement of GST.

      While enrolling they have provided email id or mobile number which may require to be changed now since they have changed the consultant, employees have left the organisation whose details were provided.

      It becomes a cumbersome process to change the

  • Key Highlights of 38th GST Council Meeting - 18th December, 2019

    • Key Highlights of 38th GST Council Meeting - 18th December, 2019

       

      1. Annual Return and GST Audit - FY 17-18: Due date for GST Audit and Annual Return extended to 31st January, 2020.

       

      2. ITC Restriction: ITC Restriction reduced from 20% to 10%.

       

      3. Blocking of E-way Bill: E-way bill facility would be blocked even for non-filing of GSTR-1.

       

      4. Long term lease rental: Ownership criteria for ex

  • MCA Extends Due date of filing form INC 22A

    • MCA Extends Due date of filing form INC 22A (ACTIVE) till 15th June 2019.

      The government has extended the deadline for uploading photos of business premises to June 15, giving corporates more time to comply with a provision aimed at spotting shell companies.

      “It has been decided to extend the date to June 15,” confirmed a corporate affairs ministry official.

      The disclosure norms, which came into effect from February, make it mandat

  • MCA Update : Active Company Tagging Identities And Verification

    • Every Company incorporated on or before 31st December 2017 has to file this return called “Active Company Tagging Identities and Verification”. Due date - On or before 25-04-2019 Complete Annual Filing upto 31/03/18 is Pre requirement Not Applicable: To Struck off, under the process of striking off, under the process of liquidation, amalgamated, dissolved companiesas recorded in ROC. Consequences: following forms cannot be filed 1. Form SH 7 2. Form PAS 3 3. Form DIR 12
  • GSTR3B Due Date Extended

    • GSTR3B for January 2019 due date is extended upto 22nd February 2019
  • Startup Business

    • Starting New Business... (Single Owner / Proprietorship) Start with 4 simple steps! 1) Get Shop & Establishment License (Gumasta) 2) Open Current Account in any Bank. 3) Start Your Business! 4) Get consulted for GST before registration Book Appointment with us to get consulted before you start with your Business @just Rs. 500/-
  • Business Audit

    • Hi Businessmen, Lets acknowledge yourself for doing business for whatsoever days, month, years, decade you are doing... Its very important for a business to get it Audited... Audited??? "My business is going very good and profitable... Then why to get Audited?" Lets know Audited means what? Generally it means Getting your Books of Accounts vouched and verified with physical bills and vouchers... But what I am referring here is getting your business Audited... Not just Books!

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