Corporate Snippets on Jan 2
Ø Brexit: PM Johnson vows to take UK out of EU
Ø FDI rises 15 per cent during Apr-Sep to $26 billion
Ø Transactions via FASTag at highway tolls double in Dec
Ø GST revenue mop-up rises to Rs 1.03 lakh cr in Dec
Ø Private cos to generate 7 lakh jobs in 2020: Survey
Ø Muthoot Capital raises Rs 145 crore through securitisation
Ø Income Tax dept examines foreign contribution sought by Tata trust
Ø Tata Motors' domestic sales fall 12 pc to 44,254 units in December
Ø Maruti Suzuki records 2.4% y-o-y rise in car sales during December 2019
Ø India-Mauritius FTA nears finalisation as both sides conclude negotiations
Ø Infra projects hit by cost overruns of more than Rs 4 trn over delays
Ø GNFC gets DoT demand notice for services worth over Rs 15000 crore
Ø ‘India will struggle to post 5% GDP growth in 2020’
Ø Singapore-based strategic investor Technogen invests in FarmERP
Ø Import duty on crude, refined palm oils cut by 5%
Ø SAIL reports 47 per cent growth in December sales
Ø BSL eyes three-fold growth in domestic fabrics business
Ø China cuts banks’ reserve ratio to boost economic growth
Ø Mahindra & Mahindra’s domestic vehicle sales up 1% YoY in Dec’19
Ø Hyundai Motor India December domestic sales down 10% on year
Ø RBI extends NBFC securitization relaxations till 30 June
Ø Park Hotels files draft papers with Sebi for ₹1,000 crore IPO
Ø Private equity, venture capital investments soar 18% to $44.2 billion, may see 15-20 pc growth in 2020
Ø China’s central bank just gave $115 billion to its struggling economy
Ø BSNL finds buried treasure, wants to cash it for Rs 300 crore
Ø Govt. deallocates coal block in Jharkhand allotted for power project
Ø Central banks’ gold buy highest since 1970s
Ø Jet fuel cost up 2.6 pc; non-subsidised LPG price hiked by Rs 19
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👉MCA has extended the due date of filing Form BEN-2 without late fees to 31/03/2020
Link:http://www.mca.gov.in/Ministry/pdf/Circular1_01012020.pdf
👉Linking of PAN with Aadhar has been extended to 31st March, 2020.
👉Sabka Vishwas Scheme, a dispute resolution-cum-amnesty scheme for settling pending disputes of service tax and central excise, date extended by 15 days till January 15, 2020.
👉ICAI-LIC , Term Insurance for members and spouse at very low rate. Premium can be paid online.
https://www.icai.org/post.html?post_id=15416
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Statutory Due dates for January 2020:
07 Jan:
1. TDS/TCS LIABILITY DEPOSIT:- Due date of depositing TDS/TCS liabilities for previous month.
2. EQUALISATION LEVY DEPOSIT:- Equalization Levy is a direct tax, which is withheld at the time of payment by the service recipient where the annual payment made to one service provider (Non Residents only) exceeds Rs. 1,00,000 in one financial year for the specified and notified services.
10 Jan:-
1. GSTR-7 RETURN FILLING DUE DATE:- Due Date for filing GSTR-7 by person liable to deduct TDS under GST for previous quarter.
2. GSTR-8 RETURN FILLING DUE DATE:- GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST.
11 Jan:-
1. GSTR-1 RETURN FILLING DUE DATE:- GST Filing of returns by registered person with aggregate turnover more than 1.50 crores .
13 Jan:-
1. GSTR-6 RETURN FILLING DUE DATE:- Due Date for filing return by Input Service Distributors for previous month.
15 Jan:-
1. TCS Return: - Due Date for payment of Provident fund and ESI contribution for the previous month.
2. PROVIDENT FUND / ESI DUE DATES:- Due date for payment of Provident fund and ESI contribution for the previous month.
18 Jan:-
1. CMP – 08:- Statement-cum-challan to declare the details or summary by Composition dealer for tax payable for the previous quarter.
20 Jan:-
1. GSTR-3B RETURN FILLING DUE DATE: - Due date for filling GSTR – 3B return for Previous month
2. GSTR-5A RETURN FILLING DUE DATE :- Return by person providing online information and database access or retrieval services by a person located outside India made to Non-Taxable persons in India for the previous month
3. GSTR-5 RETURN FILLING DUE DATE:- Due date of GSTR-5 (for Non-resident Taxable person) for the Previous month.
31 Jan:-
1. TDS Quarter Return: - Quarterly statement of TDS deposited for the previous quarter.
2. GSTR – 01:- GST Filing of returns by registered person with aggregate turnover up to 1.50 crores.
3. GSTR-9 RETURN FILLING DUE DATE:-Annual Return to be filed by Regular Taxpayers filing GSTR 1, GSTR 2, and GSTR 3. It needs to be filed electronically on the GST portal directly or through a facilitation center.
4. GSTR-9A RETURN FILLING DUE DATE:-Taxable Persons paying tax under Section 10 of CGST Act, the composition scheme, are required to submit their annual returns in Form GSTR 9A.
5. GSTR-9B RETURN FILLING DUE DATE:-Annual Return to be filed by e-commerce operators who have filed GSTR 8 during the financial year.
6. GSTR-9C RETURN FILLING DUE DATE:-Taxpayers whose annual turnover exceeds INR 2 crores in a Financial Year are required to get their accounts audited by a practicing Chartered Accountant or Cost Accountant before filing returns in Form GSTR 9C.
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👉🏻CBDT to fine businesses Rs 5,000/day for not using digital payment facilities
(From February 1, businesses will be fined Rs 5,000 per day if they fail to accept payments through digital payment facilities - CBDT)
👇🏻 👇🏻 👇🏻
http://bit.ly/2ub4htj
👉🏻Last date for payment of Membership and COP fee extended - ICAI
(It has been decided to extend the last date for payment of Membership /COP fee for the year 2019-20 up to 31st January 2020 - ICAI)
👇🏻 👇🏻 👇🏻
http://bit.ly/39pqbci
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👉 Sun Pharmaceutical Industries’ plans to consolidate its subsidiaries have hit a roadblock after the National Company Law Tribunal (NCLT) rejected a proposal in which India’s biggest drug-maker sought to demerge an overseas unit. The company had approached the Ahmedabad bench of NCLT for an approval to transfer investment undertakings from Sun Pharma to its Netherlands-based wholly-owned subsidiary. Sun Pharma now has the option to challenge the NCLT ruling in higher courts.
👉 Stocks in the news: Sun Pharma , RCom, YES Bank, Tata Motors and SAIL - Nifty futures on the Singapore Exchange traded 6 points, or 0.50 per cent, lower at 12,239, indicating a gap-down start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade.
👉 The NCLAT has dismissed petitions filed by the Income Tax Department, which raised objection over the approval granted to Reliance Jio Infocomm scheme to hive off its fiber and tower business into two separate units. The Ahmedabad-bench of National Company Law Tribunal (NCLT) had earlier this year granted permission to the composite scheme of arrangement, through which two companies were proposed to be demerged -- Jio Digital Fibre Pvt Ltd and Reliance Jio Infratel Pvt Ltd.
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