During the Financial Year 2017-18 and 2018-19, ROCs had removed/struck off 3,38,963 companies u/s 248 of the Companies Act, 2013 including real estate companies for failing to file Financial Statements or Annual Returns for a continuous period of two or more financial years.
CBEC has mandated uploading of specified supporting documents and mention of document code and IRN in Bills of Entry (BoE)
Capital market regulator Sebi has come out with a list list of eight jurisdictions and international exchanges where listed firms will be allowed to give permmissibl securities for issuning depositary receipts
Advisory for taxpayers for uploading multiple invoices/ credit/ debit notes in the supporting documents with refund application (RFD-01):
Transition plan under GST notified for J&K reorganization w.e.f October 31, 2019
Additional amount charged on delayed payment by customers for securities acquired by stock broker is liable to GST
CBDT has notified Core Settlement Guarantee Funds set up by the Multi Commodity Exchange Clearing Corporation Limited, Mumbai for the purpose of clause (23EE) of section 10 of the Income-tax Act, 1961 for the assessment year 2020-2021 and subsequent assessment years.
The tax department has launched a portal that will provide information, including about procedures, related to automatic exchange of information under common reporting standard. Central Board of Direct Taxes (CBDT) Chairman P C Mody inaugurated the web portal on Income Tax website.
Best judgment assessment order was valid where assessee did not file return even within further period of 30 days
CBIC has enabled a new feature in the E-Way Bill system of blocking/unblocking of the taxpayers from next month, as per the rule. That is, if the GST taxpayer has not filed Return 3B for GST the last two successive months in GST Common portal, then that GSTIN will be blocked for the generation of the e-way bill either as consignor or consignee.
