AKGVG Weekly Insight
Dear Reader,
Greetings for the day!!! We are pleased to share AKGVG's Weekly Insight, dated 26 July, 2019 which includes:
Date: 26.07.2019
S.no Description Relevant links
Section I: Income Tax
1. CBDT via order dated 23.07.2019 has extended the due date for filling of income tax returns for AY 2019-20 for certain categories of taxpayer from 31.07.2019 to 31.08.2019. Order dt 23.07.2019
2. M/s National Centre for Cell Science, Pune (PAN: AAATN0848B) has been notified by CBDT to be included in the category of ‘Scientific Research Association’ for the purpose of clause (ii) of sub section (1) of section 35 of the Income-tax Act, 1961. Notification no.
53 dt 16.07.2019
3. A protocol has been signed, amending the agreement between the Government of the Republic of India and the Government of the People’s Republic of China, for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance. The provisions of the said amending protocol shall have effect in India in respect of income derived in any fiscal year beginning on or after the first day of April following the calendar year in which this Protocol enters into force. Notification no. 54
dt 17.07.2019
Section II: GST
4. CGST (Fifth Amendment) Rules, 2019 notified to incorporate changes in CGST Rules, 2017. Notification no. 33
dt 18.07.2019
5. The last date for furnishing of Form GST CMP-08, for the quarter April 2019 to June 2019 has been extended to 31.07.2019. Notification no. 34 central tax
dt 18.07.2019
6. Central Govt issued clarification on doubts related to supply of Information Technology enabled Services (ITeS). Circular no. 107
dt 18.07.2019
7. CBIC addressed issues in respect of goods sent/taken out of India for exhibition or on consignment basis for export promotion. Circular no. 108
dt 18.07.2019
8. Applicability of GST on monthly subscription/contribution charged by a Residential Welfare Association from its members clarified. Circular no. 109
dt 22.07.2019
Section III: Customs
9. Anti-dumping duty on imports of Paracetamol till 27.10.2019. Notification
dt 12.07.2019
Section IV: MCA
10. The Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019. e-web based DIR3-KYC services
11. Form BEN-2 related to significant beneficial has been revised w.e.f 17.07.2019. Revised Form BEN-2
12. Form FiLLiP related to be incorporation of an LLP has been revised w.e.f. 03.07.2019. Revised form FiLLiP
We trust you will find this Journal informative as well as useful.
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Disclaimer:The entire contents of this Journal have been prepared on the basis of relevant provisions and information existing at the time of preparation. The observations of the author are personal view and the author does not take any responsibility of the same and this cannot be quoted without the written consent of the author.

Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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