Updates and UDIN solution

 *1) UDIN Solution:* Please *retry today* to update UDIN in income tax portal. If problem still error persist, then take a *screenshot and send a email to* efilingwebmanager@incometax.gov.in,  mentioning:

A) Your Login Id , 

B) Pan of Client & 

C) Udin . 

2) Last date of filing PT return for 21-22 is extended to 31.5.2022 : https://wbprofessiontax.gov.in/news/details/54

3. 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐆𝐒𝐓𝐑 𝟏 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐅𝐢𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐬𝐬: Few changes are made in the form GSTR 1 to improve the filing process. The changes are: 

𝗥𝗲𝗺𝗼𝘃𝗮𝗹 𝗼𝗳 𝗦𝘂𝗯𝗺𝗶𝘁 𝗯𝘂𝘁𝘁𝗼𝗻 𝗯𝗲𝗳𝗼𝗿𝗲 𝗳𝗶𝗹𝗹𝗶𝗻𝗴: The present ‘Submit’ and ‘File’ buttons are replaced with a single-step filing process.

 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗲𝗱 𝗦𝘂𝗺𝗺𝗮𝗿𝘆: Table-wise summary to provide an overview of the records added in GSTR-1 𝟯. 

𝗥𝗲𝗰𝗶𝗽𝗶𝗲𝗻𝘁 𝘄𝗶𝘀𝗲 𝘀𝘂𝗺𝗺𝗮𝗿𝘆: Total Supply value & total tax involved for each recipient. 

𝗡𝗲𝘄 𝗙𝗶𝗹𝗹𝗶𝗻𝗴 𝗣𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲: The existing steps to file GSTR-1 shall be replaced with the following steps i.) Click the ‘Generate Summary’ button for summary generation ii.) Click ‘Proceed to File/Summary’ button to view the final summary iii.) Click the ‘File Statement’ button to file GSTR-1/IFF.


4. MCA has tightened the rules for Nidhi Companies. Going forward, any public company incorporated as Nidhi with a share capital of Rs 10 lakh will have to submit an NDH-4 form and apply with the central government to be notified as a Nidhi company within 120 days of its incorporation. Also, the company needs to have at least 200 members and should have a net owned fund (NOF) of Rs 20 lakh.

https://www.mca.gov.in/content/mca/global/en/notifications-tender/whats-new.html

5. MCA has communicated to ICAI that instances have been observed where practising professionals are not carrying out Due Diligence and Verification while carrying out incorporation of Company / LLP.  The Verification of documents pertaining to Directors, KMP, witness to MoA, AoA and verification of Registered Office are required to be done in strict accordance with the provisions of Law. Members may accordingly ensure strict compliance to avoid penal actions.

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