Extension of due date for e-filing GST TRAN-1
The Commissioner has extended the period for submitting the declaration in form GST TRAN-1 till 31st March, 2020.
The Commissioner has extended the period for submitting the declaration in form GST TRAN-1 till 31st March, 2020.
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
CBIC has extended the time limit for furnishing of the annual return under under section 44 of the CGST Act read with rule 80 of the CGST Rules for the FY 2017-18. Continue reading to know more…
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
MCA has notified the Companies (Winding Up) Rules, 2020, vide Notification dt. 24 January 2020, comprising of Rules 1 to 191 and Forms WIN 1 to WIN 95, applicable for winding up under the Companies Act 2013. The same rule will be effective from 1st April, 2020.
The Central Govt. has notified new schemes related to the Government Savings Promotion Act, 1873, i.e., the Sukanya Samriddhi Account, Public Provident Fund, Senior Citizens’ Savings, etc. The old rules have been rescinded with an immediate effect. However, the recession shall not effect operation of the said rules in the relevant period.
In order to facilitate smooth settlement of NEFT transactions in the accounts of the member banks maintained with the Reserve Bank in a 24×7 environment, RBI has decided to provide an additional collateralised intra-day liquidity facility, to be called Liquidity Support (LS).
The rate of interest on the Floating Rate Bonds, 2031 (FRB 2031) applicable for
the half year December 7, 2019 to June 6, 2020 shall be 6.10 per cent per annum.
CBDT has extended the due date for filing of Income Tax Returns/Tax Audit Reports to 30th November, 2019 in respect of all categories of income tax assesses in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh who/were required to file the income tax Returns/Tax Audit Reports.
CBDT exempts cash withdrawal by the authorised dealer and its franchise agent and sub-agent; and Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of India and its franchise agent from TDS under Section 194N subject to conditions specified in Notification No. 80/2019-Income Tax dated 15th October, 2019