Amendment in CSR Activities

Amendment in Schedule VII_CSR Activities

Along with the existing CSR activities mentioned in Schedule VII of Companies Act, 2013, now companies can also contribute to “Disaster management, including relief, rehabilitation and reconstruction activities”. Updated list of CSR activities in which companies can make CSR contribution is mentioned in the below table:   Sr No Description of CSR activities (i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government…

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GST - Kerala Floods cess

GST Update | Kerala flood cess

The Govt. of Kerala has notified flood cess which is to be levied from 1st June 2019. Ø  Points to need to take into consideration :- The cess would be levied only on intra-state supplies made by a taxable person to an UNREGISTERED PERSON (B2C) Monthly return in Form No. KFC-A to be filed before filing GSTR-3B Return would be filed on Separate user id and password to be generated Details uploaded in Form No. KFC-A should match with GSTR-1 No refund of…

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GST returns - GSTN released prototype of new GST returns

GSTN released -prototype of new GST returns

GSTN released a demo tool for the new and simplified return filing form which will be launched sometime later in the year.  It will allow users to use functionality such as drop down menus, invoice upload, upload of purchase register for matching with system created inward supplies.  In the proposed system of new GST return filing, a normal taxpayer would have to file form GST RET-1 (Normal) or Form GST RET-2 (Sahaj) or Form GST RET-3 (Sugam) on either monthly…

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MCA update - Clarification for form ADT- 1

MCA Update: Clarification for Form ADT-1 filed through GNL-2 under Companies Act, 2013

Dear Reader, Ministry of Corporate Affairs has received representation from stakeholders seeking relaxation of fee for filing of Form ADT-1 (form towards appointment of statutory auditor) particularly “form ADT-1 filed through Form GNL-2 during period from 01.04.2014 to 20.10.2014” for appointment of Auditor for a period from “01.04.2014 to 31.03.2019” due to non-availability of E Form ADT-1 on MCA portal during said period. Accordingly Ministry has issued circular on 13.05.2019 clarifying that those companies which had filed form ADT-1 through…

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