MRR UNBOSOM

 ICSI eCSin and Udin generation dates extended till 15th June' 2021.  Institute of Company Secretaries of India has shown its mercy on its members once again and extended the dates for the generation/revocation/rectification of eCSin and generate/ revoke/modify of  Udin numbers. eCSin is for the Company Secretaries who are in employment shows the transparency of present employment like organization name working. eCSin to be generated by member about his appointment in a company and with this eCSin created ICSI will knew the member status appointed in an organization.   eCSin generation date extension scheme was allowed to members but due to practical problems of second wave covid-19 scheme was not utilized by members  at large  and considered the issue faced Institute expressed its mercy one more time and extended the date till 15th june'2021.   eCSin can now be generated for all the appointments happened after the introduction o...

  LOCKDOWN RULES TO LAST TILL 30TH OF CURRENT MONTH.  8 MORE DAYS HAVE BEEN ADDITIONALLY ADDED TO THE DECLARED 10 DAYS LOCKDOWN.  ( 30TH MAY'2021 ) Restrictions were put to public wander on roads to curtail the second wave covid surge.  Lockdown was initially imposed for 10 days first which is going to end on 22nd May'2021 and before the end of current lockdown period Telangana Government has taken another purposeful decision to extend the lockdown by another 8 days in the interest of public at large.  GO would be released by Government regarding the extension of lockdown days. Government of Telangana and its whole representatives have collectively taken the right decision. This extension of lockdown days would severely impact the revenue sources of government but still public health and safety have been considered more important compared to revenue of government.    Lockdown in Telangana State started on 12th day of May'2021 from 10 AM and was fixed t...

Revocation application of cancellation of registration is now allowable till 180 days once the cancellation order been passed by proper officer. GST registration of a taxpayer  cancelled by proper officer can be asked for revocation of order passed with a simple application forwarded to the Officer. Due date for the application previously was 90 days and it is now modified to 180 days with a notification released by CBIC. Notification number Fourteen/2021 dated 1st May'2021 authenticates the information of due date extension  for revocation application.   This extended due date timeline applicability is till 15th June'2021. Taxpayers whose GST registration is cancelled and orders passed during this period  are eligible to put revocation application within 180 days. Rule 9 and Rule 23 of CGST Rules 2017 specifically states  -Verification of the application and approval  -Revocation of Cancellation of Registration.  180 days time period for taxpayer...

MCA Forms eligible made public meant for waiver off of additional fee, please spot the form particulars and file them by 31st july'2021. Circular nos. 06/2021 and 07/2021 were made public previously stating that forms to be filed in the months of April, May 2021 as per compliance are been accorded with time till 31st july, 2021. If the forms are filed with in the time provided additional fee would not be levied and just paying normal fee for forms would suffice.   Extension of time and waiver off of extra amount are needed favors during the second wave of pandemic. MCA's broad view in this difficult times made stakeholders relief from some tension.  Stakeholder safety is equally important as the forms filing. Every regulatory authority depended on its stakeholders system. If difficulties are being faced  by stakeholders it is the responsibility of regulatory authority to act in the favor of them. MCA provided the relief and  Forms specified in the list...

FILINGS OF FORMS APPLICABLE BETWEEN 01/04/2021 TO 31/05/2021 CAN BE FILED WITHOUT ADDITIONAL FEES BY 31/07/2021 AS PRONOUNCED BY MINISTRY OF CORPORATE AFFAIRS MCA has expressed its generosity once again on its stakeholders. Extended the filing deadlines for its stakeholders observing the difficulties faced by them due to the Second wave Pandemic Surge.  Circulars 6/2021, 7/2021 and 8/2021 issued by the Ministry for pronouncement of relaxations. Circular No.6/2021 specifically states about the additional fee levy relaxation under Companies Act,2013 and LLP act, 2008. Circular No.7/2021 specifically states about the time lines of Charge Creations and Modification forms relaxation under Companies Act'2013. Circular No.8/2021 specifically states about the extension of 60 days more gap of time between two board meetings. (i.e. 120+60 = 180 days gap is accepted for  one time) All Circulars have been issued in the interest of Stakeholders by Ministry of Corporate Affairs. R...

IN VIEW OF SECOND WAVE PANDEMIC SITUATION GST TAXPAYERS CAN NOW BE AT COMFORT OF FILING THE GST FORMS ON RESPECTIVE EXTENDED DATES, ZERO LATE FEES AND LOW INTEREST RATES AS DECIDED BY GOVT.(CBIC) Government has given an opportunity to GST Tax payers to file the returns within extended time. This is the decision taken in favour of taxpayers as relief from the partial lockdowns in respective states along with severe pandemic concerns. Special Reliefs are as below: REDUCTION IN RATE OF INTEREST LEVIED FOR THE TAX PAYMENTS TO BE MADE WAIVER OFF OF LATE FEES  EXTENSION OF DUE DATES FOR FEW FORMS FILING CBIC is been represented by various stakeholders and taxpayers about the challenges faced during this pandemic situation. Timely compliance of GST filings is highly impossible considering the dangerous spread of covid is the opinion of stakeholders. Stakeholders request is observed by CBIC and GOI and announced relief measures.   Filing dates extended till 31st Ma...

GOVT. HAS GIVEN A ONE TIME CHANCE TO TAX FILERS FOR FILING BELATED & REVISED RETURNS OF ASSESMENT YEAR 2020-21 (FINANCIAL YEAR 2019-20) TILL 31ST MAY'2021 CBDT has issued a Circular regarding the time extensions granted for certain due date compliances given in favour of requests made by stakeholders. Mainly focused about the Belated Tax Return filing, Tax Deducted at Source filings along with some timely filings are given extension due to covid surge.  CENTRAL GOVERNMENT has always been in favour of taxpayers requests if any problem arises due to adverse situations. This time the adverse situation is corona second wave and impact is huge that filers are not able to complete the compliances on time as restrictions are going on at respective states.   Extension is a golden opportunity to the taxpayers, tax consultants and stakeholders as the compliances time is extended considering the best interest of their health. Extended time can be utilised by the intended persons...

 LEASE A  MARUTI SUZUKI CAR Entreprenuers, Self-employed Professionals can now take advantage of Leasing a car of their interest from Maruti Suzuki. Leasing a car is a Superlative feature explored by Maruti Suzuki. This feature is introduced to benefit many customers.  Car needs for business purpose can be satisfied by choosing lease option and this way is the money saving idea for customers rather than investing full amounts available in purchasing a new car. Surplus Capital available with  business can be diverted to plans of business  expansion  which in return gives revenue benefits.   Travel Convenience of car can be enjoyed in both ways either by purchasing a new car with loan or by taking lease of car.  Lease option is the best one for small and medium entrepreneurs as the expenditure met for leasing a car can be claimed as allowable expenditure for income tax purposes.  Many Benefits are evident in taking a car on lease...

JOB VACANCY AT GOVT. OF INDIA MINISTRY OF CORPORATE AFFAIRS (R&A DIVISION) APPLICATION FOR POST OF YOUNG PROFESSIONALS(YPs) APPLICATION ARE INVITED FROM ELIGIBLE LAW GRADUTATES TO WORK AS YOUNG PROFESSIONALS(YPs) ON CONTRACT BASIS.    Details of Post - Young Professional-I Number of Posts - 01 Recruitment Method - Contract Based through Open Market Age Limit - Below 35 years at the time of joining the post Period of Contract - One year initially. after one year if candidate performance is good and satisfactory                                  and extension of two or more years will be offered. Remuneration - Rs. 45,000/- per month is the consolidated pay. Education Requirement -  Bachelor in Law from reputed law university. Experience - N/A Job Description - Professionals Joining are expected to contribute to the Internal Research               ...

  VALIDITY OF NAME RESERVED CAN BE EXTENDED TO FURTHER TIME (I.E., BEYOND 20 DAYS) IN CERTAIN CASES ON PAYMENT OF PRESCRIBED FEES BY INDIAN COMPANIES.   A)        ON PAYMENT OF Rs. 1,000/- (One Thousand) BEFORE THE EXPIRY OF FIRST 20 DAYS - GET THE VALIDITY OF NAME EXTENDED TO FURTHER 20 DAYS (FIRST 20 + ADDITIONAL 20 = TOTAL 40 DAYS) B)        ON PAYMENT OF Rs. 2,000/- (Two Thousand) BEFORE THE EXPIRY OF 40 DAYS - GET THE VALIDITY OF NAME EXTENDED TO FURTHER 20 DAYS (FIRST 20 + ADDITIONAL 20 + ADDITIONAL 20 = TOTAL 60 DAYS) C)         ON PAYMENT OF Rs. 3,000/- (Three Thousand) BEFORE THE EXPIRY OF 20 DAYS - GET THE VALIDITY OF NAME EXTENDED TO FURTHER 40 DAYS (FIRST 20 + ADDITIONAL 40 DAYS = TOTAL 60 DAYS)   ***Note: REGISTRAR SHALL HAVE THE POWER TO CANCEL THE RESERVED NAME.   CONDITION PAYMENT EFFECT ON VALIDITY ...