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Due Date of FLA return extended

RBI has extended the due date of FLA return for FY 2023-24 to July 31st, 2024. Download
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A new version (V3) of MCA Portal is going to be launched.

A new version of MCA Portal (V3) is being launched. In this process, some forms will be not be available from August 15, 2022 to August 31, 2022. Any pending SRN for these forms should be paid by 15th August. Download
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Time for e-verification of return reduced

BDT has reduced the time limit for verification of income-tax return ("ITR") from 120 days to 30 days for ITR filed on or after August 1, 2022. For ITR filed up to July 31, 2022, earlier time limit of 120 days would continue to apply. Download
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Turnover threshold for e-invoicing under GST reduced

Government has reduced the turnover threshold from INR 20 crores to INR 10 crores (in any financial year from FY 2017-18 onwards) for compulsorily e-invoicing effective from October 1, 2022. Download
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GSAP News Flash – e-invoicing 25022022

Government has, w.e.f April 1, 2022, reduced the turnover threshold from INR 50 crores to 20 crores Download
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GSAP News Flash_Sec 206AB 206CCA 20210624

CBDT issued a new functionality for ease of deductors and collectors for doing compliance under sections 206AB and 206CCA. In this News Flash we have discussed this new update. Download
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GSAP News Flash_Updation of IEC 17.06.2021

Description: Government amended IEC related provisions and made it compulsory to update online IEC registration related details every year. Download
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A new return requirement for companies paying Dividend

Description: As a new requirement, every company paying dividend (interim or final) shall be required to furnish a statement of financial transaction (SFT) in Form 61A on or before the 31st May, immediately following the end of financial year. Download
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GST annual return and audit due date extension for FY 2018-19.

In view of COVID-19 panademic, Indian Government has further extended due date for GST audit for FY 2018-19 from October 31st to December 31st, 2020. Download
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MCA Advisory

In view of Corona Virus threat, MCA has issued advisory to all companies and LLPs. This requires filing of a form called CAR 2020 online. In this regard please find GSAP flash news. Download
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Documentation Identification Number made compulsory for Income Tax Department

Income Tax Department has to Quote Documentation Identification Number (DIN) to Taxpayer Download

GSAP NEWSLETTER