CMA Seemant Gupta- Cost and Management Accountant

                                    FAQs On DIR-3 KYC Who is required to file DIR-3 KYC form? For Financial year 2019-20 onwards - Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year. But due date for KYC has been extended to 14th October, 2019 After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’. Who can file eForm DIR-3 KYC? Any DIN holder who is filing his KYC details for the first time with MCA, must file all KYC details only through eForm DIR-3 KYC. There is no option for such a person to access the web-service for his KYC. Further, any DIN holder who wants to up...

The Goods and Services Tax ( GST ) portal has enabled New functionalities as on September 27, 2019 for taking registration by the taxpayers. The gist of the new functionalities are discussed category wise as under: RC for Casual Taxpayers:  Registration Certificate of Casual Taxpayer will now show Type of Registration as ‘Casual’ instead of ‘Regular‘ as was shown earlier. For Opening a New Registration Page:  On click of “Application for filing clarification” in the pre-login Services menu, the users will now be navigated to New Registration page. Cancellation of Registration: Error coming to taxpayers while applying for cancellation of registration has been fixed. Filing  Clarification :  Error coming to taxpayers, while filing clarifications on the registration application and while Registering or Updating DSC, has been corrected. Registration: Effective date of registration of a taxpayer, in pre-login and p...

Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 Overview Focus on settling of legacy disputes related to central taxes viz. Central Excise, Service Tax and others, pending at various levels  Expected to be notified soon, with a specific window period to exercise the option • Proceedings under the scheme specifically stated to not be treated as a precedent for past and future liabilities. Relief in form of payment of part tax dues , waiver of interest and penalty and immunity from prosecution in relation to the matter and period covered Rules for carrying out the following provisions of the scheme are awaited: ─  Form for filing of declaration and manner for its verification Manner and constitution of designated committee and rules for its procedure and functioning Form and manner of estimation of amount payable by the declarant, making payment and intimation for withdrawal of appeal and discharge certificate to be granted to declarant. Eligibility...