Anish Gupta & Associates -Chartered Accountants

09/10/2020

Multipurpose Empanelment Form for the year 2020-21 is live at https://t.co/vBD3DMvr1k with the last date as on 12th October, 2020 *the same is extended to 23rd October, 2020.* Also, there is no requirement for submitting the Financial Statements for 44ADA assesses.

Professional Development Committee (PDC) is pleased to host the Multipurpose Empanelment Form (MEF) for the year 2020-21, which is available at www.meficai.org. In this year, the PDC is seeking additional information related to professional experience in the fields other than Bank Branch Audit. To c...

07/07/2020

*Please Circulate among Students*:

Your *NICASA of NIRC of ICAI* is happy to invite you for *online 3 Days Crash Course* for *Intermediate-Group-II Students (All Subjects)*.

*Date : 9th July, 2020 to 11th July, 2020.*

Kindly click the link *https://forms.gle/UfNpiQGad1dPMzbu5* to register and know the details of Crash course

*Click* the link *http://www.youtube.com/c/NIRCofICAI2020* to join the Crash Course at *Scheduled Date and Time* at free of cost.

*If any hardship contact-Ms. Sunita Vats-+919540999195*

Northern India Regional Council of The Institute of Chartered Accountants of India (NIRC-ICAI) has started this channel for knowledge dissemination among mem...

04/07/2020

*ICAI Update:*- ICAI has decided to *cancel May'2020 Examinations* and *merge with November 2020* Examinations, with due carryover of *all benefits already available to* students including *fee paid and exemptions.*

http://icai.org/post/important-announcement-for-may-2020-examinations.

ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. ###VIII of 1949)

03/07/2020

CBIC has issued Notification No.57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR-3B is filed upto 30.09.2020. The maximum amount of penalty has been restricted to Rs. 500/- in case of other than NIL returns and zero in case of NIL returns for the tax periods from Feb 2020 to July 2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover upto Rs. 5 crores or more than 5 crores.

03/07/2020

*GST Update*- GSTN has enabled the filing *NIL GSTR-1* through *SMS* w.e.f. *July 1st, 2020* and released *FAQ* to give more clarity.

12/06/2020

*GST Council Meeting Updates*

1️⃣ For all those who have no tax liability but have not filed GST returns for tax period July 2017 - Jan 2020 (prior to period), there shall be no late fee at all

2️⃣ For people who have tax liability, maximum late fee for non-filing of GSTR-3B returns for period Jul 2017 - Jan 2020 has been capped to ₹ 500
This will apply to all returns submitted during Jul 1, 2020 - Sep 30, 2020

3️⃣ For small tax payers whose aggregate turnover is up to ₹ 5 crore, the rate of interest for late furnishing of GST returns for Feb, Mar and April 2020, beyond July 6, 2020: the rate of interest is being reduced from 18% to 9%

4️⃣ Small tax payers whose aggregate turnover is up to ₹ 5 crore will be provided a waiver of late fees and interest if they file the form GSTR-3B for the supplies affected in months of May, June and July 2020, by September 2020

5️⃣ Tax payers who could not get cancelled GST registrations restored in time are being given an opportunity to apply for revocation of cancellation of registration up to September 30, 2020
In all cases where registration has been cancelled till June 12, 2020

Source: Ministry of Finance - official Twitter channel

Notification shall be issued for implementing these decisions taken.