Directors Requirement as per Companies Act, 2013

Directors Requirement as per Companies Act, 2013 Introduction: Whenever any company is formed, it requires directors to manage its affairs and along with these they are required to comply with requirement of minimum directors which has been specified under Companies Act, 2013. Also, it is important to know whether there is any limit on other…

Recent updates in GST

Revise updates in GST Introduction: Recently through news and update section GST department has clarified some the matters like, auto population of GSTR-3B, due dates for GSTR-3B. In this article we will cover both the updates in detail. System Generated GSTR-3B It has been the system that GSTN portal shows an auto populated statement GSTR-2A…

filling of gstr 9

Filling of GSTR 9

Introduction: Government has prescribed that particular class of assessee are required to file GSTR-9C; It is important to understand which are the assesses that are covered by the provision of law and what are the requirement that assessee is required to fulfil before and after filing of GSTR-9C. What is GSTR-9C? GSTR-9C is an annual…

E-way bill and its necessity

Introduction: Under GST it has been provided that assessee or in some cases transporter is required to generate e-way bill if transaction amount is exceeding prescribed limit and transaction involves movement of goods. It is important to know that what are the consequence where e-way bill is not generated? What is the time limit for…

What is DIN and How to apply for DIN

What is DIN and How to apply for DIN What is DIN? Full of DIN is Director Identification Number it is a unique Identification Number allotted to an individual who is willing to be appointed as a director of a company. Any person who is willing to get appointment as director must hold a valid…

Filing of CMP Through SMS

Filing of CMP-08 on GST-Portal What is CMP-08? Every composition dealer is required to furnish a statement-cum-challan in which he is required to declare details of self-assessment tax payable for a given quarter. This form is also used challan for payment of tax. Who is composition dealer? Any person who is registered under composition scheme…

Questions relating to Independent Director

Frequently asked question in relation to Independent Director Whether any self-certification is required from director? If yes whether there is any specific format for it? Yes, Independent director is required to self-certify that he satisfies the criteria as specified under section 149(6) of Companies Act, 2013; (i.e. definition relating to independent director). This certification is…

extension of due date for 2020-21

Extension of Due

Extension of Due-Date of Audit Introduction: It has been the burning issue that whether due dates will be extended or not; finally, government has notified extension for various due-dates which will act as booster for the assessee as well as for auditors. Due-date of furnishing Tax-Audit report under Income Tax Act, 1962: It has now…

GST Refund Process

GST Refunds

Refund Under GST Laws Introduction : Under GST law there is structured mechanism for claim of refund. Though there are various forms which has been prescribed as application to claim the refund, along with this there are various Due-date which has been prescribed for different situations. The above process is so much complicated that it…