15 April

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Professional Tax Annual Return filing due date is 30th April 2021.

This is to bring to your kind attention that the due date for filing professional tax annual return is 30th April 2021. Please take necessary actions to file within the due date. In case of any assistance in this regard, please contact Ms. Gayathri Giri at [email protected]; 9008718388 ...

05 April

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IEC Updating requirement _ Notification 58/2015-2020

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in NewsletterAlerts

Please note that the DGFT has issued a notification with respect to ‘requirement for renewal of IEC’ each year. Accordingly, An IEC holder has to ensure that the details in it’s IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details, the same need to be confirmed by the IEC holder online. ...

05 April

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Updates on issue of B2C invoices with QR code

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in NewsletterAlerts

The Govt. has deferred the implementation of Dynamic QR Code on the B2C invoices to 01.07.2021 from 01.04.2021-Notification No. 06/2021 – Central Tax dated 30th March 2021....

03 April

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Director’s KYC, MSME return and Directors’ Disclosures

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The following to be completed during April 2021: The Directors to complete their DIN KYC through web DIR 3 KYC or in case DIN is allotted during FY 2020-21 then e-form DIR 3 KYC to be filed. Outstanding dues exceeding 45 days to MSME Vendors from companies as on March 31, 2021 to be reported in form MSME with the details of amount due, PAN of the vendors and reasons for delay within 30th April 2021. Directors to disclose in the first board meeting of the FY their interest in other entities u/s 184 of the Companies Act in form MBP 1 to...

03 April

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Filing of Form CSR -1 for availing unique CSR Registration Number for undertaking CSR activities

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With effect from April 1, 2021, no company shall donate/conduct/implement their CSR activities though any Public Trust/Section 8 Companies/ Registered Society which does not have CSR Registration Number and which are not registered under Section 12A and 80G of the Income Tax Act Every Public Trust/Section 8 Company/ Registered Society covered under the CSR Rules who intend to undertake CSR activities shall File form CSR 1 with Registrar of Companies on MCA portal to Register itself with the Central Government - The said form is effective from April 1, 2021. - The form shall be digitally signed by Director in case of...

30 March

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MCA – Mandates companies to use accounting software with “audit trail” which cannot be disabled

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in NewsletterAlerts

Ministry of Corporate Affairs (MCA) amended the Companies (Accounts) Rules, 2014, and provides that for the financial year commencing on or after the April 1, 2021, every company which uses accounting software for maintaining its books of accounts, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and the software shall ensure that the audit trail cannot be disabled....

26 March

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Year end requirements FY 2020-2021

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in NewsletterAlerts

As the financial year 2020-2021 is coming to an end, there are certain statutory requirements which need to be addressed within 31.03.2021. Among them the following points which should be focused on priority basis: 1. Stock verification 2. Income tax related compliance 3. Tax deducted at source 4. Company law related compliance 5. Micro, Small and Medium Enterprises (MSME) related compliance 6. GST Compliances 7. Others ...

22 March

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Due date for 1st and 2nd quarter ETDS return for FY 2020-21 is 31st March 2021

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The extended due date for filing 1st and 2nd quarter TDS returns of FY 2020-21, is 31st March 2021. Kindly take care and file the TDS returns before 31st March 2021, if not filed till now. ...

16 March

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HSN to be mentioned on Tax invoices from 1st April 2021

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in NewsletterAlerts

As per the notification No. 78/2020 C.T. various GST registered persons have to mention HSN of the products/services in the Tax invoices issued by him. It is highlighted that even in respect of the services, mentioning of the 6 digit HSN is mandatory. These changes are effective from 01 April 2021. ...

16 March

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Update on E Invoicing requirement

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in NewsletterAlerts

The Government has amended the requirement for the issuance of E Invoice. As per Notification No. 05/2021 – Central Tax 8th March 2021, the tax payers with turnover exceeding INR 50 crores in any financial year from 2017-18 are required to issue E Invoice in respect of the B2B supplies and export transactions....

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