Mahesh Deora & Co., Chartered Accountants

08/04/2020

Disclaimer : As received, Forwarded, hence kindly check the authenticity, publish only for updation... Dear members,
During video conferencing with President ICAI it was discussed that IBA has given recommendations to RBI that this year statutory bank branch audit should be skipped.

IBA has given such recommendations on the basis of numerous mails and requests received by banks from auditors to whom branch has been allotted, requesting that, because of Corona outbreak they can't travel to undertake outstation branch audits and hence, either local branches be allotted to them or, records will be made available in their office.

So IBA has make an opinion that auditors will not be able to do audit this year.

*The President informed that he is trying his best that the same should not happen.*

I request all the members not to send these types of requests and mail to banks and wait for lockdown over.

22/03/2020

24/09/2019

*Attention*

MCA Update:
24 Sept, 2019

_*NEWS & IMPORTANT UPDATES*_

✓MCA21 system will be intermittently unavailable from Saturday 28th September 2019, 21:00pm to Sunday 29th September 2019, 7:00am IST due to maintenance activity. Stakeholders are requested to plan accordingly.

✓Form BEN-2 is likely to be revised on MCA21 Company Forms Download page w.e.f 25th September, 2019. Stakeholders are advised to check the latest version before filing.

*Source www.mca.gov.in*

_*Due date for kyc and ben forms 30.09.2019*_

Home Page of MCA V2

26/08/2019

30/07/2019

It has to be noted that..... In-eligible Input Credits are to be reversed in terms of law if not reversed then interest @18% shall be payable for default period and also if the amount is significant then Asset side will remain overstated to this extent. So Please do so in 3B till 31st August 2019 and fix your liability of interest on delayed reversal on this date.....

30/07/2019

BEN-2 date extended to 30th Sept

13/06/2019

*ESI Update*

*Government of India Reduces the Rate of Contribution under ESI Act w.e.f. 01.07.2019*

Total from 6.5% to 4%

Employers’ Contribution from 4.75% to 3.25%

Employees’ Contribution from 1.75% to 0.75%

Find the Link for Press Release

11/06/2019

No Eway bill w.e.f. 21st June 2019, if GST returns of last 2 months are pending

A new rule 138E was inserted by the Govt vide its notification no 74/2018 dated 13.12.2018, which has salient features as follows:-

1. If the GST returns for the last 2 months have not been furnished by the regular dealer or

2. If the GST returns for last 2 quarters have not been furnished by the composition dealer

Then

*HE WILL NOT BE ALLOWED TO GENERATE EWAY BILL ON THE GST-EWAY BILL PORTAL.*

In such cases only Commissioner would be able to allow such generation in select cases that too with an order.

Now, What should you do??

1. Please file all your returns upto April 2019 by 20th June 2019.

2. In case if returns are not filed, then the Eway bill will not be generated.

3. In case if you think that if you won’t be able to file then the other person will generate on your behalf then that also won’t be possible.

*Thus in the end, each and every registered taxpayer who generates eway bill is requested to file all their pending returns till April 2019 by 20th June 19, in order to avoid any last minute hassles.*

30/05/2019

RIICO Conversation of land use baned.....

30/05/2019

What they expecting from CA Profession ....

30/05/2019

Last date of online upload of Unstructured CPE Hours for the Year 2018 is 31st May, 2019. Please upload if not yet uploaded. Also to note that Combined CPE of 40 Hours (Structured & Unstructured) are mandatory for 2018