Reverse Charge Mechanism in GST Legal provisions and general guidelines relating to Reverse Charge Mechanism under GST, Reverse Charge Mechanism (RCM) is not a new concept for service tax assesses, whereas for traders it is fairly a new concept especially for small scale dealers. The concept of Reverse Charge which as introduced originally in the GST Law had a very large scope all inward supplies of goods and services from unregistered suppliers. However, considering the

GST Annual Return- Form GSTR-9   Goods and Services Tax has already completed one Financial Year and there are some annual compliances which are required to be taken care of at the end of each Financial Year. One such compliance is filing of Annual return which is a consolidated summary of transactions carried out in previous financial year. Filing of first Annual return can be a challenge for taxpayers as some of the periodical returns

Significant Beneficial Owners Rules- Filing of form BEN-2 The Ministry of Corporate Affairs has issued the Companies (Significant Beneficial Owners) Rules, 2018 and later on Companies (Significant Beneficial Owners) Amendment Rules, 2019 on February 8, 2019. These Rules are applicable to all the companies in which the companies are required to file a return to the Registrar of Companies. The return shall state the Significant Beneficial Owners in the reporting company. This will provide the

DIR-3 KYC form for Every Financial Year. Every individual who has been allotted Director Identification Number (DIN) on or before the end of financial year shall file DIR-3 KYC on or before 30th April of next Financial Year. To make it simple it can be said that where any Individual who has been allotted DIN as on 31st March, 2019 are required to file DIR-3 KYC by 30th April, 2019. This compliance (DIR-3 KYC) is

Company Registration – New e-AGILE form.   Current process (before amendment in the Company incorporation rules) for Company Registration involves the following process:- Name Approval of company by filing RUN (Reserve unique name). SPICe (INC-32) form along with SPICe AOA and SPICe MOA wherein all details detail are filled, Necessary documents are attached in this form only, Application for PAN and TAN are also made in this form. Further, Director Identification Number (DIN) are also