AKGVG Weekly Insight

Dear Reader,
Greetings for the day!!! We are pleased to share AKGVG's Weekly Insight, dated 28th Feb. 2020 which include:
Date: 28.02.2020
S.no Description Relevant links
Section I: Income Tax
1. CBDT reaffirmed that a Permanent Account Number (PAN) not linked with Aadhaar by March 31, 2020 will become inoperative. Notification no.11/2020
dtd 13.02.2020
2. CBDT notifies Forms for exercising option for reduced corporate tax rate u/s 115 BAA/115 BAB. Notification no. 10/2020
dtd 12.02.2020
Section II: GST
3. Notification issued to prescribe due dates for filing of return in FORM GSTR-3B in a staggered manner by CBIC. Notification no. 07/2020-CT
dtd 03.02.2020
4. GST rate notified on supply of lottery. Notification no. 01/2020-CT-Rate
dtd 21.02.2020
5. CBIC has extended time limit for submission of declaration in TRAN-1 till 31.02.2020. Order no. 01/2020-GST
dtd 07.02.2020
Section III: MCA
6. MCA has notified Revised Companies Auditor’s Report Order, 2020 on 25th February 2020, after consultation with NFRA. The Revised CARO, 2020 has replaced CARO, 2016. MCA order
dtd 25.02.2020
7. MCA introduced SPICe+ web form and notifies Companies (Incorporation) Amendment Rules, 2020 w.e.f. 23.02.2020. SPICe+ to offer 10 services by 3 Central Government Ministries/ Departments in a single web. Notification
dtd 18.02.2020
8. MCA issued circular for filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016). General circular no. 04/2020
dtd 17.02.2020
9. 24x7 customs clearing provided at designated seaports & airports across country to handle emergent situation on account of coronavirus outbreak. Instruction 02/2020-Customs
dtd 20.02.2020
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at "info@akgvg.com".
Looking forward to receive your valuable feedback

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)

Tel: +91 9811118031, 9818330516,
Telefax:+91 11 49037920
Website: https://www.akgvg.com