CGST Rule 59(6) Restricting filing of GSTR 1 where GSTR 3B not filed
GSTN has issued Advisory to file all pending GSTR 3B returns, in view of implementation of CGST Rule 59(6) restricting filing of GSTR 1 where GSTR 3B has not …
Category: Updates
Updated FAQs on CSR released by MCA
MCA has released an updated (2021) set of Frequently Asked Questions (FAQs) on the Corporate Social Responsibility (CSR).
Experienced CA, CS, CMA & Advocates exempted from Proficiency Test for Appointment as Independent Directors
MCA notifies the Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 to exempt CA, CS, CMA & Advocates with 10 Year’s Experience from requirement of Proficiency Test to …
CBDT Notification 93/2021: Income-tax (24th Amendment) Rules, 2021
CBDT notifies the Income-tax (24th Amendment) Rules, 2021, to insert new IT Rules 12AA and 51B prescribing ‘any other person’ who can verify ITR u/s 140 & appear before authorities …
CBDT Notification 92/2021: Income tax (23rd Amendment), Rules, 2021
CBDT notifies the Income tax (23rd Amendment), Rules, 2021, to insert new IT Rule 10RB for prescribing the procedure/ methodology for re-computation of book profit u/s 115JB of the …
CBDT Notification 90/2021: Income tax (22nd Amendment), Rules, 2021
CBDT notifies the Income tax (22nd Amendment), Rules, 2021, to prescribe methodology for computing income of specified funds covered u/s 10(4D)/115AD of the Income tax Act, 1961, attributable to …
CBDT further extends due dates for e filing of various IT Forms
CBDT further extends due dates for e-filing of various Forms under the Income-tax Act/ Rules, vide Circular 15/2021 dt. 03/08/2021. Reportedly, taxpayers and other stakeholders are facing difficulties in …
Exemption from Audited GSTR 9C from FY 2020-21: Annual GST Return on Self Certification basis
CBIC notifies omission of provisions u/s 35(5) of the CGST Act, 2017 relating to submission of audited annual reconciliation statement in Form GSTR 9C, i.e. now Annual GST Return …
MCA Clarification on CSR Spending for COVID-19 Vaccination of Persons other than Employees
MCA has further clarified that spending of CSR funds for COVID-19 vaccination of persons other than the employees and their families, is an eligible CSR activity. Earlier, MCA had …
Extension of Limitation under GST Law: CBIC Clarification w.r.t. Hon’ble Supreme Court Order dt. 27/04/2021
The CBIC has made it clear that the extension of “limitation timelines” given by the Hon’ble Supreme Court in its Order dated 27/04/2021, applies to appeals against any quasi-judicial …