Relaxation of additional fee and extension of last date of filing of ROC Annual Forms

General Circular No. 12/2016 In continuance of this  Ministry’s  General Circular No. 08/2016 dated 29.07.2016, keeping in view the requests received from various stakeholders, it has been decided to further extend the last date for filing of financial statements  and annual returns  e­forms AOC­4, AOC­4 (XBRL) AOC­4 (CFS) and MGT­7 as  the case may be, without payment of additional fee, […]

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Relaxation of additional fee and extension of last date of in filing AOC­4, AOC­4 (XBRL) AOC­4 (CFS) and MGT­7 e­forms under the Companies Act, 2013 ­regarding

General Circular No. 12/2016 In continuance of this  Ministry’s  General Circular No. 08/2016 dated 29.07.2016, keeping in view the requests received from various stakeholders, it has been decided to further extend the last date for filing of financial statements  and annual returns  e­forms AOC­4, AOC­4 (XBRL) AOC­4 (CFS) and MGT­7 as  the case may be, without payment of additional fee, […]

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GST rate speculation slows luxury car sales

There isn’t much to celebrate for luxury car companies this festive season. At the time of the year when sales usually peak, these companies are dealing with a large number of prospective customers who are postponing their buying decision. The reason: continuing uncertainty over the rate of goods and services tax. Many industry executives are […]

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GSTN ready to migrate existing assessees from 08.11.2016

Goods and Service Tax Network (GSTN) is ready to enroll 80 lakh existing assessees of Excise, VAT, and Service Tax on its platform. We will enable the GSTN platform for migration of existing assessee with effect from November 8, 2016, said Prakash Kumar, Chief Executive Officer, GSTN. This move will help assessees to do their […]

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E-FILING OF APPLICATION/DOCUMENTS WITH APEX COURT

What is E-Filing in Supreme Court? E-Filing is Electronic filing of matters with the Registry of Supreme Court of India. It is a user friendly program prepared by National Information Center.   What is the benefit of E-Filing facility? Through E-Filing facilitates any Advocate-on-record (in the Supreme Court of India) or Petitioner-in-person can file his/her matter through […]

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Huge challenges for CAs after GST implementation: Venkaiah Naidu

Union Minister M Venkaiah Naidu on Saturday said Chartered Accountants in India will have huge opportunities and challenges when the Goods and Services Tax (GST) is implemented. Addressing the ICAI International Conference ‘Jnana Yagna’ here, the Urban Development Minister said Chartered Accountants should play a vital role in addressing issues such as curbing black money. […]

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Madhya Pradesh to become India’s supply hub post GST roll out: Jaitley

Strategically located at the center of India, Madhya Pradesh (MP), would become the country’s supply hub post the roll out of Goods & Services Tax (GST), Finance Minister Arun Jaitley said on Saturday. He was speaking at the two-day 5th Global Investors Summit (GIS) organised by the Madhya Pradesh Government here. “Hopefully next year with […]

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India is moving towards a flawed GST

There are several reasons why this newspaper has been an enthusiastic supporter of the goods and services tax (GST). It will integrate the Indian market, promote economic efficiency by taxing final consumption rather than intermediate goods, encourage voluntary compliance and create a new architecture for cooperative federalism. There were two underlying assumptions for a truly […]

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GST may make oil, chicken dearer; TV, air conditioner cheaper

The proposed 4-tier GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken. The prices of certain consumer durable like televisions, air conditioners, fridges and washing machines may however become cheaper with decrease in taxes. The […]

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