Applicability of extended timeline under GST for F.Y 2021-22 onwards.
Time limit for the following compliances in respect of a particular financial year has been extended and fixed as 30th November of the next financial year, or furnishing of the relevant annual return, whichever is earlier: It is clarified that the extended timelines for compliances listed in below table are applicable to the compliances for FY […]
Removal of Names of Companies from the Register of Companies Rules 2022.
Companies (Removal of Names of Companies from the Register of Companies)Amendment Rules, 2022. The Ministry of Corporate Affairs (MCA), vide its Notification dated 9th June, 2022, has notified Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022. Through this amendment, the MCA releases amended Form No. STK 1, Form […]
REVISED FORMAT FOR SHOWING SHAREHOLDING PATTERN
SEBI AMENDS FORMAT OF STATEMENT SHOWING SHAREHOLDING PATTERN OF PUBLIC SHAREHOLDER/FOREIGN OWNERSHIP LIMITS. Regulation 31 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), deals with the disclosure of shareholding pattern and manner of maintaining shareholding in dematerialized format. Accordingly, SEBI vide Circular No. CIR/CFD/CMD/13/2015 dated November 30, […]
BSE Circular – Frequently asked questions
BSE Circular – Frequently asked questions on Audit, Nomination & Remuneration and Stakeholders Relationship Committee As per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the listed entity shall submit a quarterly compliance report on corporate governance in the format as specified by the SEBI from time to time […]
PROPECTUS AND ALLOTEMENT OF SECURITIES AMEDMENT RULES 2022
COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES, 2022 The Ministry of Corporate Affairs (MCA) vide its Notification dated May 05, 2022 has notified the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022 (“hereinafter referred to as Amendment Rules”). The Amendment Rules shall come into force from the date of their publication in the […]
Single Click NIL filing of GSTR-1
Introducing Single Click Nil Filing of GSTR-1 Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing. Taxpayers can now file NIL GSTR-1 return by simply ticking the checkbox File NIL GSTR-1 available at GSTR-1 dashboard. It has been constant endeavor to […]
GST Related reporting (Clause 44) in Tax Audit Report.
Form 3CD of Tax Audit Report was amended in July 2018 by Notification No. 33/2018 dated 20.07.2018 Clause 44 on reporting of GST transactions was added. However its implementation was kept in abeyance till 31st March 2022. However, for tax audit reports filed from 1st April 2022 onwards, reporting under this clause will be mandatory. Hence, you […]
The registration window for existing units to claim subsidies under the Gujarat IT/ITeS Policy FY 2022-27 will remain open until November 5, 2022.
Hello Readers, Gujarat’s New IT policy was published on the 8th of February 2022, and it is published for 5 years, till 31st March 2027. Gujarat is committed towards promoting faster and inclusive growth in the IT/ITeS sector. This Policy focuses on attracting investments and generating employment across the State along with propelling growth through […]
For Existing Units – 05-09-2022-Last date to register for availing Gujarat IT/ITeS Policy FY 2022-27
Hello Readers, With an ambitious target to increase exports from the existing Rs 3,000 crore to as high as rs 25,000 crore in the information technology (IT) sector, the Gujarat government rolled out its new Information Technology & Information Technology-enabled Services (IT & ITeS) policy, 2022-2027. The Policy will enable all innovative ecosystem, establish a […]
TAXABILITY OF RENTING OF RESIDENTIAL DWELLING UNDER GST
Renting of residential dwelling for the purpose of residence was earlier exempted. However, the exemption on such service has been withdrawn with effect from 18.07.2022. Now onwards renting of residential property for the purpose of residence is also taxable if the recipient of service is registered under GST. Prior to July 18th,2022 Services by way […]