MANDATORY TO OBTAIN CERTIFICATE OF COMMENCEMENT OF BUSINESS FOR REGISTERED COMPANIES: Companies registered on or after November 02, 2018 is required to file the declaration for commencement of business with the Registar of companies. Time limit : The decleration for commencement of business shall be filled within 180 days from the date of getting CERTIFICATE …
9 Facts You Must Know about the New GST Limit of Rs40 lakh 1. Next Year: This limit is applicable from FY 2019-20 onward, i.e., for financial year starting from 1 April 2019. 2. Goods, Not Services: The limit is applicable only for sale of goods. For service providers limit continues to be Rs20 lakh …
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14 Amendments to take effect under GST from 1st Feb 2019 Upper limit of turnover for opting of composition scheme shall be raised from Rs. 1 Cr to Rs. 1.5 Cr. A Composite dealer(in goods) shall be allowed to supply services (other than restaurant services), for a value not exceeding – Higher of 10% of …
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DPT-3 Mandatory Information of Loan to ROC Mandatory Filing of Details of Loan with ROC in brief with some important FAQ’s in relation to DPT-3 with reference to Companies (Acceptance of Deposits) Amendment Rules, 2019 notified by MCA on 22.01.2019. By Companies (Acceptance of Deposits) Amendment Rules, 2019 : Every Company other than Government Company …
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💥 GST Updates 💥 GST on advances received for future supplies _________________ 1) Time of supply: Time of supply is earliest of following: a) At the time of receipt or payment; or b) At the time of issue of invoice Accordingly, GST needs to be paid with reference to the time at which advance is …
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The MCA has recently release Form INC-20A for obtaining Commencement of Business Certificate. A summary of the new procedure is provided below for ready reference. Commencement of Business Certificate The Ministry of Corporate Affairs has re-introduced the concept of commencement of business certificate. Under the newly introduced The Companies (Amendment) Ordinance 2018, all companies registered …
Highlights of Companies (Amendment) Ordinance 2019 Commencement Certificate is mandatory now to be obtain within 6 months of Incorporation without which, it can not comment its business activity or borrow money. The ROC can strike off a company if the address of Regd Office is bogus or incomplete/improper address. Conversion of public Ltd to Pvt …
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Goverment had allow GSTR1 to amend B2B invoices pertaining to FY 2017-2018 from now onwards. Thank you CA Lalit Gandhi (8108776765) Sudheendra & Co LLP
FINANCE MINISTRY TELLS NON-ITR FILERS TO SUBMIT ITR OR REPLY TO TAX QUERY WITHIN 21 DAYS – THE ECONOMIC TIMES Data analysis has identified several potential non-filers who have carried out high value transactions in FY2017-18 but have still not filed ITR for AY2018-19. The finance ministry has, via data analysis, identified several individuals as …
RBI: Notifies Regulation w.r.t borrowing and lending between Resident and Non- Resident RBI notifies Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (‘Regulations’) in order to regulate borrowing and lending between a Person Resident in India and a Person Resident outside India, in supersession of extant Notifications in this regard; Outlines prohibition on borrowings and …
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