MCA issued clarification on passing Ordinary Resolution and Special Resolution under Co’s Act, 2013
The Ministry of Corporate Affairs (“MCA”) has issued General Circular No. 14/2020 dated April 08, 2020, which gives clarification on passing Ordinary Resolution and Special Resolution by the companies under…
In context of COVID-19 situation & to grant immediate relief to taxpayers
In context of COVID-19 situation & to grant immediate relief to taxpayers, GOI has decided to issue all pending income-tax refunds upto Rs.5 lakh & GST/Custom refunds with immediate effect.
In view of the Covid-19 pandemic, the due date for opting in Composition Scheme for FY 2020-21 has been extended up to 30th June 2020.
In view of the Covid-19 pandemic, the due date for opting in Composition Scheme for FY 2020-21 has been extended up to 30th June 2020. Please click link for details:…
Removed restrictions on the export of 12 APIs and 12 formulations
DGFT vide Notification No. 02/2015-20 dated 06.04.2020 has removed restrictions on the export of 12 APIs and 12 formulations made from these APIs, with immediate effect. For more details, pls…
CBIC allows traders to import, export goods without furnishing bonds
The Central Board of Indirect Taxes and Customs (CBIC) has allowed traders to submit an undertaking instead of furnishing bonds – required by customs for assessment and clearing of goods…
MCA granted relief
The Ministry of Corporate Affairs issued Companies Fresh Start Scheme 2020 vide Circular 12/2020 dt 30.3.2020 which applies both public and private companies incorporated under Co Act 1956/2013. The salient…
Submission of Form 15G & 15H for FY 2020-21.
To mitigate the genuine hardships faced by taxpayers due to the Covid-19 pandemic, CBDT issues notification F.No. 275/25/2020-IT(B) dt 03rd April, 2020 regarding submission of Form 15G & 15H for…
Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19)
The spread of Novel Corona Virus (COVID-19) across many countries of the world,including India, has caused immense loss to the lives of people and resultantly impacted thetrade and industry. In…
CBIC amends CGST Rules to relax the restrictions of Rule 36(4) for the period Feb to Aug 2020
The CBIC vide Notification No. 30/2020- Central Tax dated April 3, 2020 made following amendments to Central Goods and Services Tax Rules, 2017 (“CGST Rules”): Inserted following proviso to Rule…