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Showing posts from September, 2020

Due Date ROC Annual Return Form for September FY 2019-20

For the month of September 2020 the article describes the Yearly Compliance needs beneath the Companies Act, 2013 includes compiles Compliance Essentials below Companies Act, 2013. The clause defines the Expected date and context of the file of form AOC-4  and AOC-4 CFS (in case of consolidated Financial Statements), ADT-1, MGT-7, MGT-14, CRA-4,   INC-20A,  BEN-1, BEN-2, Active Form INC-22A, DIR 3 KYC (Annually web-based) , PAS-6, NFRA-2. Annual Compliance needed under the Companies Act, 2013 E-Form Purpose of E-form Due Date of Filing  ADT-1 Approval of Auditor 15 days from the conclusion of AGM AOC-4 and AOC-4 CFS (in case of consolidated financial statements) Filing of Annual Accounts 30 days as of the building of AGM(180 days from the close of the fiscal year in case of OPC) MGT- 7 Form Filing of yearly returns 60 days from the reporting of AGM MGT-14 Filing the resolution with MCA in the context of board results and yearly accounts 30 days from the date ...

Comparison B/w GSTR 2A & GSTR 2B with Key Features

The government has decided to stay with the current GST (Goods and Services Tax) return filing system for the present. Earlier the Government was planning to bring a new GST return filing system along with forms ANX-1, ANX-2, RET-1 and RET-2 but now it has been put on hold until the new update. Government chose to introduce advanced features to the old system instead of launching the new return filing system. Some Decisions That are Taken in 39th GST Council Meeting To prevent tax evasion, Govt. has decided to link the outward supply details in form GSTR 1 with liability in form GSTR 3B . The input tax credit in form GSTR 3B will then be linked to the details of supply shown in form GSTR 2A. There will also be initiatives to implement Aadhaar authentication and spike rules, to reduce evasion and prevent gaming of the system. A measure to deal with the issue related to ITC was also recommended to the Council of the introduction of Auto-Draft Input Tax Credit statement which wi...

The Benefits of Gen GST Software for Taxpayers & Trades

In India, the commencement of GST started the search of businessmen for a well-grounded GST solution. GST regime was started with an intent to ease the indirect tax mechanism and to bring uniformity in taxation by following "One Tax One Nation". Potent IT infrastructure which includes innovative GST software, indeed helped and is helping taxpayer and professional easily adhere to government rules & regulation and enabled them to file returns, complete registrations and make tax payments with just a few clicks. SAG Infotech (CA software development company) capacities businessmen and accounting & taxation professionals with advanced Gen GST software that ensure on-time help via squad of experts. Today, businesses, small-sized or big-sized, need innovations & ideas to move forward with the digital revolution and beat the ever-growing competition. Accounting & taxation software like Gen GST, Gen TDS, Gen Income Tax allows taxpayers effortlessly file GST...