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GST-e-Invoice w.e.f 01.10.2020(INDIA)

 e-Invoice w.e.f 01.10.2020      Contents of this Article: —   1. Back Ground of e-Invoice —   2. Exemption of e-Invoice —   3. Meaning of e-Invoice —   4. Implications for Business —   5. Process of e-Invoicing —   6. Notifications issued on e-Invoic e 1. Back Ground of e-Invoice : •    The GST Council, in its 37th meeting held on 20th September, 2019, approved introduction of electronic invoice (‘e-Invoice’) in GST in a phased manner •     GST Council, in its 39th meeting, held on 14th March, 2020, further recommended certain classes of registered persons to be exempt from issuing e-Invoices and the date for implementation of e-invoicing to be extended to 01.10.2020 for certain category of taxpayers. •      As per Notification (Central Tax) No. 61/2020 dated 30th July 2020, the reporting has been mandated for taxpayers having annual aggregate turnover of Rs 500 Crore and above ...
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AGM-Extension of Time for Holding Annual General Meeting for FY:2019-2020

  AGM-Extension of Time for Holding Annual General Meeting for the Financial Year-2019-2020: As per the first proviso to sub section (1) of Section 96 of the Act provides that in  case of the First AGM, it shall be held within a period of nine(9) months from the date of closing of the first financial year of the Company and in any other case, within a period of six (6) months , from the date of closing of the financial year.  As per third proviso to Section 96(1) of the Companies Act, 2013,  The Registrar may, for any special reason, extend the time within which any Annual General Meeting, other than the first Annual General Meeting  shall be held, by a period not exceeding three (3)  months. Explanation: It is hereby clarified that the extension granted under this order shall also cover  1.All the pending applications filed in Form No.GNL-1 , for the extension of AGM for the Financial Year ended on 31.03.2020 which are yet to be approved . 2. Where ...
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Express Cargo Clearance System (ECCS)-Ministry of Finance allows the facility to Auto Let Export Order

  MOF allows the facility to Auto Let Export Order under Express Cargo Clearance System (ECCS) Pl. see below circular No. 41/2020 dt. 7.09.2020 in detail. https://www.cbic.gov.in/htdocs-cbec/customs/cs-circulars/cs-circulars-2020/Circular-No-41-2020.pdf Good News for Viewers:   If you wish to read all previous videos in your own language ie Hindi, Marathi, Malyalam, Punjabi, Telugu, Tamil and any other language, kindly visit my blog. Knowledgealya.blogspot.com Go to Translate - Select Language-T Type Hindi or Select Hindi….  Now read article in your favourite language.   You can read following blog on different subject also: `MCA has issued Companies (Acceptance of Deposits) Amendment Rules, 2020.     They shall come into force on the date of their publication in the Official Gazette.```   https://knowledgealya.blogspot.com/2020/09/mca-has-issued-companies-acceptance-of.html     GST-GSTR8A of GSTR9 - How to Download - Document-w...
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MCA has issued Companies (Acceptance of Deposits) Amendment Rules, 2020-dt.07.09.2020

  MCA has issued Companies (Acceptance of Deposits) Amendment Rules, 2020. )They shall come into force on the date of their publication in the Official Gazette.``` Extract of Notification dt. 07.09.2020 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th September, 2020 G.S.R. 548 (E).—In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government in consultation with the  Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of  Deposits) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Acceptance of Deposits) Rules, 2014 (hereinafter referred to as the said rules), in rule 2, in sub-rule (1), in clause (c), in sub-clause (xvii), - (i) for the...
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