GST INDIA

07/07/2021

The Companies which have received (Foreign Direct Investments) and/or made abroad in any of the financial year are required to submit Return to .

Due date of Filing of FLA Return:-

The companies are required to submit the FLA Return based on audited/unaudited account by July 15 of every year.

If the FLA Return is submitted on the basis of unaudited account by July 15, they are supposed to submit the revised FLA return based on audited accounts by end – September i.e. 30th September.

04/07/2021

01/07/2021

*CBDT issues clarification on Section 194Q*.

1. TDS under section 194Q on *net of GST* if charged separately. However for section 206C(1H) GST is to be included.

2. Transactions on *recognised exchanges* exempted from 194Q.

3. *Hierarchy of section 194-O, 194Q and Section 206C(1H) clarified*. If section 194-O is applicable to a transaction then 194Q and 206C(1H) will not apply. If 194Q is applicable then section 206C(1H) shall not be applicable. If section 194-O and 194Q are not applicable section 206C(1H) will be applicable.

4. Turnover/ Gross receipts of 10 crore of buyer for applicability of this section 194Q will mean *Turnover/ Gross receipts in business only*. Hence receipts by way of rent, interest , capital gain etc if not considered as business income are not to be included.

5. Further provision of section 194Q not to apply in *first year of an entity* as no turnover / gross receipts in preceding year since entity was not in existence.

26/06/2021

21/06/2021

Gst last amendment

16/06/2021

Only PAN, Aadhaar needed for registering small businesses now: Govt on MSME

16/06/2021

Need a skilled digital marketing strategist
Who can manage our online business..
Salary will be paid on daily basis

10/06/2021

PAN related grievances can also be filled on income tax portal 2.0 instead of nsdl

09/06/2021

MCA UPDATE!!

*SHOPS & ESTABLISHMENT REGISTRATION AT THE TIME OF INCORPORATION OF COMPANY*

The Ministry of Corporate Affairs vide it's notification dated 7th June 2021, has amended the Companies (Incorporation) Rules, 2014 by including *Shops & Establishment Registration* at the time of incorporation of new Companies.