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what is union or general budget? How its work ? What is the Importance of Union or General Budget?

Budget Budget 2020 of the second term of the Narendra Modi government will be presented on Saturday. It is also called the General Budget or Union Budget. But, the common man must understand what happens in this budget and what happens in it. All kinds of information are given in the ‘Budget at a Glance …

what is union or general budget? How its work ? What is the Importance of Union or General Budget? Read More »

What is the Bank Guarantee ?. How to prepare bank guarantee ? What is the purpose of Bank Guarantee ? What is the producer for make a Bank Guarantee ? What is the document required for Bank Guarantee

INTRODUCTION Bank Guarantee is an agreement between three parties Bank, Beneficiary & Applicant. This can be used to essentially ensure a buyer or seller from loss or damage due to nonperformance by the other party in a contract. Three parties involved in Bank Gurantees. 1.Bank (Guarantor): The bank issues B.G on the receipt of the …

What is the Bank Guarantee ?. How to prepare bank guarantee ? What is the purpose of Bank Guarantee ? What is the producer for make a Bank Guarantee ? What is the document required for Bank Guarantee Read More »

Initiatives taken by the Ministry/MCA/Govt. towards Ease of Doing Business/ Company Incorporate.

 Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requirement for minimum paid up capital was removed.  Central Registration Centre(CRC) was established by MCA under Section 396 of the Companies Act, 2013 (Act) vide notification dated 22.01.2016 in an initiative of Government Process Re-engineering (GPR) …

Initiatives taken by the Ministry/MCA/Govt. towards Ease of Doing Business/ Company Incorporate. Read More »

Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017,

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 49/2019 – Central Tax New Delhi, the 9 th October, 2019 G.S.R……(E). – In exercise of the powers conferred by section 164 …

Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, Read More »

MCA extended the last date / due date of filing of CRA-4 (Cost audit report) for FY 2018-19 under the companies Act, 2013.

Keeping in view the requests received from various stakeholders seeking extension of time for filing of CRA-4 (Cost Audit report) for the financial year ended 31.03’2019 on . account of various factors , it has been decided to extend the due date for filing of e-forms CRA-4 upto 31.12.2019, by companies without levy of additional …

MCA extended the last date / due date of filing of CRA-4 (Cost audit report) for FY 2018-19 under the companies Act, 2013. Read More »

MCA extended of last date / Due Date of filing e form MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the companies Act, 2013.

The issued General Circular No. 13/2019 by MCA on dated 29.10.2019 is below. To All Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Relaxation of additional fees and extension of last date in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act,2013- – reg. Sir, Keeping in view the …

MCA extended of last date / Due Date of filing e form MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the companies Act, 2013. Read More »

What is the extended due date on Income tax return efiling and tax audit filling for FY 2018-19 and AY 2019-20 ? (Income tax department already issued the circular no. F.N 225/157/2019/ITA.II on dated 27th September, 2019 under section 119 of the Income tax act 1961)

CBDT extends the due date for filing Income Tax Returns and audit reports from 30th September 2019 to 31st October 2019. The due date on Income tax return and tax audit report for fy 2018-19 and ay 2019-20 extended from 30th September, 2019 to 31st October, 2020 for assessees cover under clause(a) of explanation 2 …

What is the extended due date on Income tax return efiling and tax audit filling for FY 2018-19 and AY 2019-20 ? (Income tax department already issued the circular no. F.N 225/157/2019/ITA.II on dated 27th September, 2019 under section 119 of the Income tax act 1961) Read More »

As per Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 every person holding DIN as on 31-03-2019 shall be required to file form DIR-3 KYC on or before 30th September every year to update his/her KYC in MCA records.

As per  Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 every person holding DIN  as on 31-03-2019  shall  be required to file form DIR-3 KYC on or before 30th September every year to update his/her KYC  in MCA records.   After expiry of the due date i.e 30-09-2019 , the MCA21 system will mark all DINs against which DIR-3 KYC …

As per Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 every person holding DIN as on 31-03-2019 shall be required to file form DIR-3 KYC on or before 30th September every year to update his/her KYC in MCA records. Read More »

Existing GST Return formats (GSTR-1, GSTR-3B & GSTR-2A) are proposed to be replaced with the New Return format (GSTR-1 (Sahaj), GSTR-2(Sugam) & GSTR-3 (Normal)).

You would be aware that shortly the existing Return formats are proposed to be replaced with the New Return format from a date to be notified.       New Return filing System: In the proposed system of new GST Return filing, you would be required to file FORM GST RET-1/2/3, on the basis of the option selected. The …

Existing GST Return formats (GSTR-1, GSTR-3B & GSTR-2A) are proposed to be replaced with the New Return format (GSTR-1 (Sahaj), GSTR-2(Sugam) & GSTR-3 (Normal)). Read More »