Monthly Archives: October 2020

Gist of Notifications dated 15th October, 2020

The Central Government on the recommendation of GST Council have made several changes taking into consideration the special procedure to be followed by any Registered taxable person whose Turnover is of up to 1.5 crores rupees in the preceding or … Continue reading

Posted in GST |

CBIC Clarification on Applicability of Rule 36 (4)

CBIC has issued clarification vide Circular No 142/12/2020 – GST dated 09.10.2020 in relation to the application of Rule 36(4) of the CGST Rules, 2017 for the months of February 2020 to August 2020. Where the government provided relaxation on … Continue reading

Posted in GST |

Changes In Tax Audit Report Form 3CD, Form 3CEB And ITR (Assessment Year 2020-21)

CBDT vide Notification No. 82/2020 dated 01.10.2020 has notified certain changes in the Tax Audit Report Form No. 3CD, Form No. 3CEB and ITR-6. The Notification has also amended Rule 5 of the Income Tax Rules, 1962 and inserted two … Continue reading

Posted in Audit & Assurance |

Key Highlights of GST Council Meeting held on 5th October, 2020

The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs along with Finance … Continue reading

Posted in GST |

Introduction of the Companies (Amendment) Act, 2020

The Government has promulgated yet another set of amendments in Company law with the introduction of the Companies (Amendment) Act, 2020, which has come into force from September 28, 2020. Introduction of this 4th Amendment in the Companies Act, 2013, … Continue reading

Posted in Regulatory |