Updates

GST on reverse charge U/S 9(4) suspended till 30th September 2019

August 6, 2018

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 22/2018 – Central Tax (Rate) New Delhi, the 6th August, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), […]

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Income tax department confirmed no extension of due date for filing of ITR

July 21, 2018

CIRCULAR No. 4/2018 F. No. 370889/25/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** New Delhi, Dated 21st July, 2018 Order under section 139(1) of the Income-tax Act, 1961 (‘the Act’) This Circular is issued in pursuant to Section 139(1) of the Income Tax Act, 1961 is to […]

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Condonation of Delay Scheme, 2018 Extended up to 1st May 2018

April 29, 2018

To, All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Condonation of Delay Scheme, 2018 Sir, In continuation to the Ministry’s General Circular No. 16/2017 dated 29/12/2017 and General Circular No. 02/2018 dated 28.03.2018 on the subject cited above and to state that the closing date of the scheme viz. 30.04.2018 is falling under […]

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Companies (Share Capital and Debentures) Amendment Rules, 2018.

April 22, 2018

[To published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 10.04.2018 G.S.R. __ (E).- In exercise of the powers conferred by sub-sections (I) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes […]

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Ind AS 115 notified by Ministry of Corporate Affairs

April 1, 2018

The new revenue recognition standard “Ind AS 115” has been notified by Ministry of Corporate Affairs (MCA). Ind AS 115 (equivalent to IFRS 15) has become effective to Indian companies following Ind AS from April 1, 2018. Ind AS 115 establishes a five-step model that will apply to revenue earned from a contract with a […]

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Extension of last date of filing of XBRL E-forms using Ind AS till 30th April 2018

March 31, 2018

All Regional Directors, All Registrar of Companies, All Stakeholders Sub: Relaxation of additional fees and extension of last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013 – reg. Sir, In continuation of this Ministry’s General Circular No. 13/2017 dated 26.10.2017 and upon consideration of requests received from various […]

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MCA extended the Condonation of Delay Scheme, 2018 upto 30th April, 2018

March 31, 2018

All Regional Directors, All Registrar of Companies, All Stakeholders. Sir, Subject: Condonation of Delay Scheme, 2O18 In continuation to the Ministry’s General Circular No. 16 l2Ol7 dated 29/12/2017 on the subject cited above, this Ministry has, on consideration of requests received from various stakeholders, has decided to extend the Condonation of Delay Scheme, 2018 upto […]

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MCA issued XBRL amendment rules 2018

March 15, 2018

G.S.R. 213(E) .– In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015, namely:– […]

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RBI Discontinued Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade

March 14, 2018

RBI/2017-18/139 A.P. (DIR Series) Circular No. 20 March 13, 2018 All Authorised Dealer Category – I Banks Madam/ Sir Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to paragraph 2 of A.P. (DIR Series) Circular […]

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