Annual Returns News

The Central Board of Indirect Taxes and Customs (CBIC) on 31 December 2018, notified form GSTR-9, GSTR-9A and GSTR-9C

The GSTR 9 and GSTR 9C annual returns forms will facilitate matching of input tax credits by tax authorities,thereby curbing tax evasion

The government says these firms have not filed their financial statements for the two financial years FY16 and FY17 and hence are chosen for removal from the register of companies

Section 164 (2) (a) of Companies Act 2013, enforced on 1 April 2014, allows for disqualifying directors of a company that hasn't filed financial statements or annual returns for three consecutive fiscal years

The home ministry warns NGOs that their FCRA registration will be cancelled if they don't submit their annual returns for five years by 14 June

The Centre has given one final opportunity to all NGOs, which had applied for renewal of their registration under the FCRA, to upload their annual returns from FY2010-11 to 2014-15

A penalty equivalent to 5% of total foreign funds received in a year or Rs5 lakh will be imposed for non-furnishing of annual return

The investing style in 2016 should remain the same and one should look for growth inflections that seem durable

Did you know that there are different methods of measuring financial performance? Here are some common return terms that you should know

MoS for home Rijiju said letters dispatched 4,138 NGOs were returned undelivered as addresses were not found