GST Composition Scheme for Service Providers

April 8, 2019 Business, Finance by PS ASSOCIATES

In order to come up with various solutions, the GST Council meets up frequently and comes up with various decisions. The 32nd Goods and Service Tax Council meeting was held on 10th January 2019, wherein, the various major decision was taken. One such decision was eligibility/availability of Composition Schemes for service providers and mixed suppliers which were
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UDIN APPLICABLE & NOT APPLICABLE LIST AS PER PDC-ICAI

February 11, 2019 Business, Finance by PS ASSOCIATES

■ APPLICABLE LIST: (i) Certificates issued on the basis of Financial books of accounts and annual financial statements-Capital Contribution Certificate/net worth certificate (ii) Certificates issued on the basis of Financial books of accounts and annual financial statements – Turnover Certificate (iii) Certificates issued on the basis of Financial books of accounts and annual financial statements -Working
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DPT3 – One time reporting of Outstanding receipt of money or loan not considered as deposits

February 11, 2019 Finance by PS ASSOCIATES

The Central Government has notified the Companies (Acceptance of Deposits) Amendment Rules, 2019 which directs every company other than Government company to file a one-time return of outstanding receipt of money or loan by a company but not considered as deposits. Applicability All Companies other than Government Companies that have outstanding receipt of money or loan as on 22nd January, 2019, from any entity/
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No need to report clause 30C (GAAR) & 44 (GST) of Revised 3CD Report till 31.03.2019

October 26, 2018 Finance by adminuser

Representations have been received by the Board that the implementation of reporting requirements under the proposed clause 30C (pertaining to General Anti-Avoidance Rules (GAAR)) and proposed clause 44 (pertaining to Goods and Services Tax (GST) compliance) of the Form No. 3CD may be deferred. It has been decided by the CBDT that reporting under the
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Tax on actual tariffs to enhance yields and occupancies post GST relief: Hotel companies

October 26, 2018 Finance by adminuser

he hospitality industry has lauded the GST Council’s decision to levy goods and services tax on actual tariff charged to customers for hotel rooms instead of declared tariffs and said it will help in improving occupancies and yields. “This is a very good and progressive step,” said Sushil Gupta, chairman of Asian Hotels (West) that
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MCA Extends Last Date for filing of Annual Return (MGT-7)/ Financial Statements (AOC-4) upto 31 Dec. 2018 in Kerala

October 26, 2018 Finance by adminuser

MCA has extended the last date for filing of Financial Statements in e-forms AOC-4, AOC-4 (CFS), AOC-4 (XBRL) and Annual Return in e-form MGT-7, upto 31 Dec. 2018 without additional fee, in respect of companies registered in the flood affected State of Kerala, as under: Relaxation of additional fees and extension of last date of
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