GST AUDIT Introduction: Audit under GST is the examination of records maintained by a registered dealer. The aim is to verify the correctness of information declared, taxes paid and to assess the compliance with GST. Audit under GST can be classified into following three categories: 1. Audit by a Chartered Accountant or Cost Accountant 2. Audit by the Department 3. Special…
Extension of Date of one time return Form DPT-3 Highpoints of MCA Circular are: 1. Additional fee shall be imposed after 30 days from the date of deployment of the DPT-3 form on MCA 21 Portal. 2. DPT-3 shall be filed to report outstanding receipts of money or loan by a company as deposits from 1st April, 2014 to…
Highlights of Update 1.Every DIN holder need to file DIR-3 KYC Form every Year. 2.The revised form will be deployed on MCA 21 portal which is required to be filed within 30 days of deployment without payment of any fee. Note: After 30 days of deployment, form can still be filed with a late fee of…
What is GSTR-9? GSTR-9 which is also known as annual return of GST, this form needs to be filed once in a year by every registered taxpayers under GST on or before 31st December of the year succeeding the financial year or as extended by Government (For Financial Year 2017-18 it is extended up to 30th June,…
Paybacks of filling Income Tax Return (ITR) o Is it mandatory to file ITR? o Is it important to file ITR? o Does ITR filling is beneficial if I have income below taxable limit? o Why should I file ITR when I do not have income more than 2.5 lakhs? These are some of the basic questions asked by…
Trademark Registration What is Trademark? As the name suggests trademark is Mark of a Trade i.e. Identity of a trade that can be a symbol, phrase, logo or insignia which legally differentiate that trade from the others. Trademark generally considered as a form of asset for the entity i.e. intangible asset. In simple context, it…
Copyright What is copyright and why it is required to get it registered? We get to know meaning of Copyright from the word itself which says Copyright means Right to Copy. Copyright is an exclusive right over your own original work. In Other words no one can copy your work or publish it without your…
There are a few exceptions inserted by proviso to Rule 25A wherein companies are restricted from filling Form INC- 22A. Such are as follows: (a) Companies who have defaulted in filing their financial statements [Form AOC-4] or annual returns [Form MGT- 7] or both, which became due up till the date of the filing of…
Post incorporation compliances for private limited company Mandatory compliances of Private Limited Company: 1. Company Name Board- Every Company shall paint or affix the name and address of registered office and keep the same painted/affixed, outside every office or place in which its business is carried on, in legible letters. 2. Letter Head of Company-…
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 25th, April, 2019. G.S.R (E).-In exercise of the powers conferred by sections 396,398,399, 403 and 404 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of…