Order: Extension of time for Holding of Annual General Meeting (AGM) for the Financial Year ended on 31.03.2020 Whereas sub-section (1) of section 96 of the Companies Act, 2013 (the Act) provides, inter-alia, that every company, other than a One Person Company, shall in each
Refund of Unutilized ITC whether to be allowed to the supplier only? Gujrat High Court in Britania Industries Limited discusses this issue on 11-03-2020 in the context of section 54(3), which says that a registered person shall be allowed refund of unutilized ITC as the
Introduction REG 25 is a certificate of provisional registration under GST. Every taxpayer registered under excise/VAT/service tax enrolls on a common portal. He provides his email ID and mobile number for verification purposes. On enrollment: Taxpayer gets provisional certificate of registration in form GST REG
Introduction Form REG 21 is application for revocation of cancellation of registration under GST. What does revocation mean? Revocation means official cancellation. So revocation of cancellation of registration means reversal of decision to cancel the registration. It means registration is still valid. Requirement to file
Annual Return: Section 92 of Companies Act, 2013 Annual Return Annual Return is a publicly available document prepared by a company every year with the information available as at the close of the financial year, to be filed with the Registrar of Companies. It is
Introduction Cancellation of GST registration means a taxpayer is not registered anymore. He need not to collect or pay tax anymore. But why does the taxpayer wish to cancel his registration? Reasons can be: Business discontinue Business transfer, amalgamation, demerger, disposal. In such a case
Introduction Many times applicants commit mistakes at the time of filing an application for registration. Such mistakes can be updated or corrected at the time application is being processed. If business is already registered then after application is processed. REG 14 is a form for
All about Bonded Manufacturing Warehouse Scheme – By CA Sonal Jain, CA Shravan Gehlot Introduction to the scheme Objectives of the scheme To strengthen the ‘Make in India’ initiative To facilitate ‘ease of doing business’ They promote ‘Foreign Direct Investments’ To promote ‘India as the manufacturing
Excess Input Tax Credit claimed in 3B of F.Y. 2017-18 and not reversed in 3B of F.Y.2018-19 and effect have given through DRC-03 in GSTR-9 of Financial Year 2018-19. Herewith I giving with the example for your better understanding. Illustration-4. “A” Tax Payer purchased inward
The short claim of Input Tax Credit in GSTR-3B of Financial Year 2017-18 and 2018-19 but both are not claimed in 3B of 2018-19-LAPSED. Herewith I giving with the example for your better understanding. Illustration-2. “A” Tax Payer purchased inward supply of goods worth of
