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Showing posts from February, 2023

Top Questions and Answers Related to the MCA V3 Portal

As of March 2022, MCA has started from the V2 version to the V3 version in phases. From 23.01.2023, recent 56 forms of the company have been transferred to the new MCA V3 portal . Certain essential FAQs on the subject of the MCA V3 working procedure would be discussed in the same editorial by the author. FAQs on MCA V3 Portal Working Process  Que 1: If there is a choice to revise the Email ID No in User ID? (DG) There would be no facility available under the recent status of the system for the revision of email id. After you specify any email id which could not get revised. (DG) Que 2: Which option DSC must register on the MCA V3 from the mentioned below two choices in my application? (DG) i. DSC Service ii. FO Service- associate DSC (ii) i.e. FO Service- Associate DSC option, an individual would be needed to register his/ her DSC. (DG) Que 3: If we could verify whether DSC is registered or not with our User ID? (DG) We can use the procedure listed below to review the Associatio...

Budget 2023-24: Important Changes to GST Legislation for Biz

A presentation of the Budget 2023-24 has been made by Nirmala Sitharaman, the Finance Minister. The following are 9 legislative GST changes included in budget 2023-24 : Sections 132 and 138 of the CGST Act According to the CGST Act, sections 132 and 138 will be amended to increase the minimum threshold for launching a tax prosecution from one crore to two crores, except for invoices issued without supplies of goods or services. Compounding the tax amount would be reduced from 50 per cent to 150 per cent to 25 per cent to 100 per cent. There are certain offences specified in clauses (g), (j) and (k) of section 132 of the CGST Act, 2017 that decriminalize obstruction or preventing an officer from fulfilling his duties. These offences include deliberate tampering with evidence; failure to provide information. Supply of Goods Without GST Registration A few changes are being made to sections 10 and 122 of the CGST Act to facilitate intra-state supplies of goods by non-registered suppliers a...