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IEC due date extended upto 31st August 2021

  CS Lalit Rajput    10 August 2021 at 08:49

Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period up to 31st August 2021.



Non-filing of GST returns restricting independence of taxpayers

  CA Umesh Sharma    10 August 2021 at 08:48

CBIC has decided again to resume the blocking of the EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August 2021 onwards.



Annual Compliance Calendar for a Public Limited Company

  CS Divesh Goyal    09 August 2021 at 19:46

After the commencement of the Companies Act, 2013, from 01st April 2014, the Compliance requirement of the Companies have increased like MSME-1, BEN-2, Dematerialization of Shares etc.



Parliament approves LLP Amendment Bill, 2021

  CS Lalit Rajput    09 August 2021 at 19:12

The Limited Liability Partnership (Amendment) Bill, 2021 was passed by the Lok Sabha on 9th August 2021 and by the Rajya Sabha on 4th August 2021. Let us understand the key highlights of the Bill.



CA Profession in the Digital Era

  CA. Pushp Kumar Sahu    09 August 2021 at 14:44

The ICAI has setup a board named DAAB (Digital Accounting and Assurance Board) to take care and focus on the issues in accounting and assurance arising from the high pace of digitalisation.



How to apply for DIN before incorporation of company

  CS Divesh Goyal    09 August 2021 at 13:34

As on date, there are only two options to get DIN. One with Incorporation Form and second with the Copy of Board Resolution of the existing Company.



Section 37: General Deductions under the Income Tax Act

  Ritik Chopra    09 August 2021 at 13:31

Section 37(1) says that any expenditure, laid out or expended wholly and exclusively for the purpose of business or profession shall be allowed in computing the income chargeable under the head PGBP.



GST Compliance Calendar for the month of August 2021

  Tarun Kr. Gupta    09 August 2021 at 09:42

Important clarifications / amendments issued by the Government under GST in July 2021 and early August 2021 along with compliance timelines in August 2021 have been listed in this article.



GST on inter-unit or inter-branch supply of goods or services

  CA S K MISHRA    09 August 2021 at 09:04

As per Sec 25(4) of CGST Act, 2017 every branch/office of a company/entity having a separate GSTIN belonging to one legal entity is a distinct person, whether located in the same state or different states.



Contribution of Chartered Accountants to the Indian Economy

  CA. Pushp Kumar Sahu    09 August 2021 at 09:01

In India, CA's are engaged in providing services right from the inception of the business till the closure of the business. A business can never grow and prosper without a Chartered Accountant.