GST, Income Tax, ROC, Trademark and Ministry of Corporate Affairs, Export

CMA Rajendra Rathi rajendrarathi162@gmail.com Wishing a very good health to all. Currently we all are passing through a very critical time which presently requires us to stay at home and follow the Government Guidelines to prevent ourselves and avoid spread of CORONA VIRUS in the Society. This is a worldwide pandemic and all the countries entered in to an unprecedented crisis. India is looking towards safety of citizen as the first priority followed by economic safety of the future. It is hoped that post Covid-19 crisis, INDIA will bounce back with strong business platform and become as the Best investment place for foreign investors too with a boost to the growth engine of the world. While safe-guarding the life of citizens through Lock-down the Government has also initiated some of GST relaxations in regard to payment of tax, filing of Returns etc. with a view to recover the health of the business. v Few important  recent GST amend...

Finance Act, 2020 has unleashed certain new compliance burdens on Charitable Trusts and Exempt Institutions. As per new provisions of the Finance Act, 2020,  Charitable Trusts and exempt institutions will have to reapply  for Income Tax registration. The Finance Act, 2020 has made far-reaching and sweeping changes pertaining to the registration and exemptions of charitable institutions. All the existing charitable and religious institutions (including NGOs) which are registered or approved under the following sections- Section 12A Section 12AA Section 10(23C) Section 80G are compulsorily required to switch to section 12AB for fresh registration. The Finance Minister in her Budget Speech iterated the fact of the new method of registration. The extract of her Budget  Speech is reproduced below-   Further, in order to claim the tax exemption, the charity institutions have to be registered with the Income Tax Department. In the past, the p...

Government has noticed in past two years that large number of fly-by-night operators are registering themselves as GST dealers. They make fake invoices also . So, to combat them, CBDT through notification No 17,18 and 19/2020 dated 23-03-2020 brought an amendment to CGST rules where Aadhaar Authentication has been made mandatory for GST Registration w.e.f 1st April 2020. Implementation was planned since 1 st January 2020 but Software development by Infosys was in progress. Impact of this amendment in GST Registration: 1.        Any person seeking GST registration must get Aadhaar Card as a pre-requisite before starting business. 2.        If person doesn’t have Aadhaar Card, then physical verification of principal place of business shall be mandatory which may take up to 60 days from date of application. So if you do not have Aadhaar Card, then you have to wait for proper officer to come for physical verification and ...

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs  Notification No 32 – Central Tax New Delhi, the 3 rd  April, 2020 G.S.R (E).— In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said Act, the Government, on the recommendations of the Council, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 76/2018– Central Tax, dated the 31st December, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i) vide number G.S.R. 1253(E), dated the 31st December, 2018, namely:– In the said notification, after the second proviso, the following proviso shall ...