May 2020

Relaxations for the Companies and LLPs to make good any filing related defaults

May 21, 2020

Relaxations for the Companies and LLPs to make good any filing related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity by 30th September, 2020 In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking

Scheme for manufacturing and Processing in a bonded facility – GST Impact

May 20, 2020

GST

[Source: ICAI GST Newsletter; Author: CA Abhishek Agarwal] BONDED MANUFACTURING SCHEME Government along with CBIC in order to promote India as the manufacturing hub globally, to promote make in India initiative and to facilitate ease of doing business has come up with the bonded manufacturing scheme. Under this scheme any

COVID-19 will change how companies report earnings – 20 point checklist for CFOs

May 14, 2020

Audits & Assurance

[Source: www.businessinsider.com] The COVID-19 pandemic has had an adverse impact on all aspects of the economy, be it earnings, supply chains, operational efficiencies and the stock markets. Since the financial year ends on March 31, 2020 in India, it falls amidst the COVID-19 pandemic. This will have an impact on

CBDT notifies reduced TDS/TCS rates applicable from May 14, 2020

May 14, 2020

Income Tax

The Central Board of Direct Taxes (CBDT) has notified the reduced rate of TDS and TCS for the period from 14-05-2020 to 31-03-2021. The board has also clarified that the benefit of reduced rate shall not be available if tax is required to be deducted/collected due to non-furnishing of PAN/Aadhaar

Additional relief in GST compliance

May 7, 2020

GST

With most part of the country under lockdown or partial lockdown, government has notified some fresh relief measures in GST compliance. 1) Due date to furnish GST annual return for FY 2018-19 is further extended to September 30, 2020. 2) Validity period of e-way bill expiring between 20-3-2020 to 15-4-2020

Relaxations for the Companies and LLPs to make good any filing related defaults

Scheme for manufacturing and Processing in a bonded facility – GST Impact

COVID-19 will change how companies report earnings – 20 point checklist for CFOs

CBDT notifies reduced TDS/TCS rates applicable from May 14, 2020

Additional relief in GST compliance

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