S. Jaykishan

Chartered Accountants

Recent News



Govt. notifies due date of filing quarterly GSTR-1

Govt. notifies due date of filing quarterly GSTR-1 for period July, 2018 to March, 2019

(Date: 10/08/2018)

The Govt. has notified the due date of filing quarterly GSTR-1 for the taxpayers having annual aggregate turnover up to Rs. 1.5 crore. The due dates for the period of July to September, 2018, October to December, 2018 and January to March, 2019 are October 31, 2018, January 31, 2019 and April 30, 2019 respectively.

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CBIC notifies special procedure

CBIC notifies special procedure for registration of taxpayers who couldn’t complete migration process

(Date: 7/08/2018)

CBIC has notified the special procedure for registration of taxpayers who did not file the complete Form GST REG-26. But they received the provisional ID till December 31, 2017. They are required to furnish the required details to the jurisdictional nodal officer of the Central Government or State Government before August 31, 2018.

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MCA proposes to include Statement of Reconciliation

MCA proposes to include Statement of Reconciliation of GST in Cost Audit Report w.e.f. July 1, 2017

(Date: 7/08/2018)

The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report.

Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules, 2018 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments.

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One-time settlement for minor company law offences to help NCLT

Govt plans for one-time settlement for minor, non-serious company law offences to help NCLT

(Date posted:4/08/2018)

The government may soon release one-time settlement for minor and non-serious company law offences removing 60% of the ongoing cases in the National Company Law Tribunal and special courts and free up bandwidth to deal with the insolvency matters.

The cases that may be withdrawn under the scheme are likely to fall under 16 categories attracting both fines and penal provisions. To name such offences to include […] Read More >>


IT Return filing deadline extended to August 31

IT Return filing deadline extended to August 31

(Date posted: 3/08/2018)

The finance ministry in a tweet announced the extension of ITR filing deadline by a month to August 31, 2018. The notice states that the Central Board of Direct Taxes (CBDT) is extending the ‘Due Date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers.
A new section 234F was inserted by the government in the Income Tax Act. As […] Read More >>