JHS Weekly KNOWLEDGE ALERT 20.01.2020 to 24.01.2020
This knowledge alert is a weekly compilation of key amendments / notifications alongwith its implications.
JHS Knowledge Team
24 January 2020
MCA
JHS KNOWLEDGE ALERT
This knowledge alert is a daily compilation of key amendments / notifications alongwith its implications.
JHS Knowledge Team
6 January 2020
Changes in GST rates of Goods:
To give effect to the recommendations of the GST Council in its 38th Meeting, CBIC has amended the CGST, IGST & UTGST rates on the Woven and non-woven bags and sacks of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of goods and Flexible intermediate bulk containers.
JHS Knowledge Team
31 December 2019
MCA filed 11,082 prosecutions for non-filling of statement of accounts by Companies:
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.
JHS Knowledge Team
3 December 2019
Mandatory uploading of specified supporting documents and mention of document code and IRN in Bills of Entry (BoE):
CBEC has mandated uploading of specified supporting documents and mention of document code and IRN in Bills of Entry (BoE)
JHS Knowledge Team
2 December 2019
Advisory for taxpayers for uploading multiple invoices/ credit/ debit notes in the supporting documents with refund application (RFD-01):
Advisory for taxpayers for uploading multiple invoices/ credit/ debit notes in the supporting documents with refund application (RFD-01):
JHS Knowledge Team
28 November 2019
Exemption of Income of Multi Commodity Exchange Clearing Corporation Limited, Mumbai:
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.
JHS Knowledge Team
25 November 2019
Best judgment assessment order was valid where assessee did not file return even within further period of 30 days
Best judgment assessment order was valid where assessee did not file return even within further period of 30 days
JHS Knowledge Team
20 November 2019
Blocking/ Unblocking of E-way Bills Generation:
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.
JHS Knowledge Team
19 November 2019
Mapping of Unique Client Code (UCC) with demat account of the clients
Mapping of Unique Client Code (UCC) with demat account of the clients
JHS Knowledge Team
18 November 2019