Form DIR – 3 KYC – Update

Dear Reader, The original due date for filing of Form DIR – 3 KYC has been expired on 15th September 2018 and after that late fees of Rs. 5000/- is applicable. However, during the last few days before 15th September, 2018, the MCA site was not working and thereby there are many DIN holders who […]

Union Budget 2018

Dear Reader, It was a pleasure to present you the analysis of the Union Budget 2018 on the very same day. The various provisions of the Finance Bill are explained below in the simple language to the extend possible: Education Cess: Education cess and Secondary and Higher Education Cess will be discontinued which was 2%[…..]

Simplifications of Gujarat E Way Bill Provisions

Dear Reader, From today i.e. 1st February, 2018, provisions of the E Way bills are applicable throughout the country for inter-state moment of goods. For intra-state moment of goods also, almost 14 states have notified the applicable date as the 1st February 2018 and Gujarat is one of the 14 states. Yesterday, late evening also,[…..]

Relief under GST as per 22nd Meeting of GST Council

The GST Council, in its 22nd meeting has recommended the following changes in the GST Regime:   Composition Scheme: The threshold limit for composition turnover has been increased to Rs. 1 Cr from existing limit of Rs. 50 Lacs. The facility of availing composition under the increased threshold shall be available to both migrated and[…..]