E-form DIR-3 KYC to update database of Directors with MCA

Dear All,

Mendatory requirement for every director. 

LATE FEES if form not uploaded before 31.8.2018 is Rs.5000

PLEASE SUBMIT THE DOCUMENT WITHIN NEXT 5 DAYS

DIR-3 KYC – A step towards updating directors database. As a part of updating its directors database, The MCA has notified the format of E-form DIR-3 KYC under new Rule 12A, vide the 'Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018  dir-3-kyc-rules-kyc-directors.html)', via notification dt. 05.07.2018. DIR-3 kyc is available for filing.

 

Who is required to file DIR-3 KYC?

For Financial year 2018-19 – Any person who has been allotted "Director Identification Number (DIN/DPIN)" on or before 31st March 2018 and the status of such DIN is 'Approved', needs to file form DIR-3 KYC to update KYC details in the system on or before 31st August 2018.

 

For Financial year 2019-20 onwards – Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th April of the immediately next financial year.

 

After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as 'Deactivated

Fees for filing E-form DIR – 3 KYC DIR-3 KYC under Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014 –

1. Fee payable till the 30 April of every financial year in respect of e‐form DIR‐3 KYC as at the 31st March of immediate previous year. Not Applicable and Fee payable in delayed cases is Rs. 5000/‐

 

2. For the current FY (2018-2019), no fee shall be charged by the govt till August 31, 2018 and delayed fee of Rs. 5000/- shall be charged on or after September 1, 2018.

 

 

The following attachment is mandatory to be filed in all cases:

 Proof of Permanent address - Address proofs like passport, election (voter identity) card, and ration card, driving license, electricity bill, telephone bill or Aadhaar shall be attached and should be in the name of applicant only.

 

Conditional attachments:

 Copy of Aadhaar Card – In case 'yes' is selected in the field "Whether Resident in India"

 Copy of Passport – In case 'Yes' is selected in the field "Do you have a valid passport"

 Proof of present Address – In case 'No' is selected in the field "Whether present residential address is same as permanent residential address"

 

Optional attachments, if any

 

In case of Indian National:-

1. Valid Mobile Number for OTP Verification.

2. Valid E-Mail ID for verification and correspondence.

3. Self Attested Copy of PAN Card.

4. Self Attested Copy of Voter ID Card if any.

5. Self Attested copy of Aadhaar Card.

6. Self-attested Permanent Address Proof (Utility Bills issued by respective government authorities not older than 2 months)

7. Self-attested Present Address Proof, if present address different from permanent address.

8. Passport, If have Valid Passport

Regards,
-------
CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209

INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD

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GST : Note on NEW Returns and Return Formats - July 2018

Govt has issued a Note on GST - New Returns and Return Formats.

GST Council approved the key features and new format of the GST returns. This brief note lists the salient features of the new return format and business process for the information of trade and industry and other stakeholders.

A copy of the same for your reference. https://drive.google.com/file/d/0B8GyRsbVIg8gRGxHRmdlQl9wMFlkWFIwcThfZ3FMSGN4ZF9n/view?usp=sharing

Regards,
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CA.C.V.PAWAR

Due date for Income tax return filling extended to 31st August, 2018

Dear All,

 

The Central Board of Direct Taxes (CBDT) via Notification dated 26th July, 2018 has extended the 'due date' of filing return of income for AY 18-19 to 31^st August, 2018 for certain categories of taxpayers for whom the original 'due date' of filing return of income was 31^st July, 2018.

 

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Website for Reset of PIN for patanjali swadeshi samriddhi card 

Website for Creation of patanjali swadeshi samriddhi card profile

http://www.swadeshisamridhi.com/

This link for the benefit for those we do not get correct website address for patanjali swadeshi samriddhi card. 

Regards,
-------
CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209

INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD

Revision of Monetary Limits for filing Income Tax Appeals

The Central Board of Direct Taxes (CBDT) via Circular No. 3/2018 dated 11th July, 2018 has revised the monetary limits for filing of appeal by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court. The said circular shall supersede the Circular No 21 of 2015 dated 10^th December, 2015.

As per the Circular, appeals / SLPs shall not be filed in case where the "tax effect" does not exceed the monetary limits as under :

a.       Before Appellate Tribunal – Rs. 20,00,000 as against 10,00,000 as per the previous circular.

b.      Before High Court – Rs. 50,00,000 as against 20,00,000 as per the previous circular.

c.       Before Supreme Court – Rs. 1,00,00,000 as against 25,00,000 as per the previous circular.

Further, the Circular defines the term 'tax effect'.

 

Where the disputed issues arise in more than one assessment year, appeal can be filed only for those assessment year or years where the 'tax effect' exceeds the monetary limits.

However, in case of composite order of any High Court or Appellate Authority which includes more than one assessment year, appeals shall be filed in respect of all such assessment years even if the 'tax effect' in any year is less than the monetary limits.

 

In case where appeal has not been filed only on account of tax effect being less than the monetary limit, the PCIT /  CIT shall specifically record that "even though the decision is not acceptable, appeal is not being filed only on consideration that tax effect is less than the monetary limit specified in the Circular".

 

The following issues should be contested on merits even though the 'tax effect' is less than the monetary limits :

a)      Where the Constitutional Validity of the provisions of an Act or Rule is under challenge, or

b)      Where Board's order, Notification Instruction or Circular has been held to be illegal or ultra vires, or

c)       Where Revenue Audit objection in the case has been accepted by the Department, or

d)      Where the addition relates to undisclosed foreign assets / bank accounts.

 

In cases where the tax effect is not quantifiable (Eg. Registration of trusts or institution under section 12A or 12AA), filing of appeal shall not be governed by the monetary limits.

It is pertinent to note that this circular will apply to SLPs/appeals/cross objections/ references already filed and to be filed. Hence, it applies retrospectively. Pending appeals below the specified tax limits may be withdrawn/not pressed.

IMP: UPDATE ON KYC OF DIRECTORS

UPDATE ON KYC OF DIRECTORS

 

 

ü WHY: As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new e-form viz-DIR-KYC

 

ü FORM: DIR-3 KYC will be notified shortly.

 

ü WHO: Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in 'Approved' status, would be mandatorily required to file form DIR-3 KYC. Filing of DIR-3 KYC would be mandatory for Disqualified Directors also.

 

ü WHEN: On or before 31st August,2018.

 

ü HOW: While filing the form, the Unique Personal Mobile Number and Personal Email ID would have to be mandatorily indicated and would be duly verified by One Time Password (OTP).

 

ü FILING AND CERTIFICATION: The form should be filed by every Director using his own DSC and should be duly certified by a practicing professional (CA/CS/CMA).

 

Note: After expiry of the due date by which KYC form is to be filed, the MCA21 system will mark all approved DINs(allotted on or before 31^st March 2018) again which DIR-3 KYC form has not been filed as 'Deactivated' with reason as 'Non-Filing of DIR-3 KYC. After the due date filing of DIR-3 KYC in respect of such deactivated DINs shall be allowed upon payment of a specified fee only, without prejudice to any other action that may be taken.

 

Regards,
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CA.C.V.PAWAR

How to make profession tax payment online on mahagst.gov.in fy 2018-19

Madam/Dear Sir,

We have to inform you that, the last date of payment of profession tax for fy 2018-19 is 30^th June 2018. You are requested to pay the profession tax before due date.

Since the system for professional tax payment shifted to new SAP based website; the clients and even banks are facing problem in making online payment. Therefore, to facilitate  e-payment and to save your time, we have prepared guide for making e-payment of profession Tax.

We have prepared to step by step process guidance for making profession tax payment. We are sure that this would certainly help you in making payment.

New process to make Profession Tax Payment fy 2018-19:

1.       Visit https://mahagst.gov.in/

2.       At the Top of page there is option to convert website text to English, please Click on the same and now you will see website in English

3.       Scroll down and you will find eight square boxes having various service options under the  Welcome / Suswagata

4.       Scrolls and take your cursor to 'e-payments' box (don't click). And from the available 3 options click on 1^st option 'Advance Payment"

5.       Now on next screen: From the available options (TIN, PAN, TAN & Old Act); chose PAN (Click on circle opposite to PAN.

6.       Enter your PAN (i.e. PAN of proprietor, professional, director or Company etc.) in given box. You can also enter your PTE number if you remember it by clicking on TIN.

7.       Enter the Captcha text properly in empty box below that. (you can generate new Captcha if text not easy to understand) Then Click on Next

8.       Now your PTE number will appear along with name confirm the same.

9.       In ACT option - Select --- PTEC ACT

10.   In Form ID - Select ---- Form_VIII

11.   In Financial Year - select ----- 2018-2019

12.   In Period - select ----- April 2018-March 2019

13.   In Location – Select- Nashik (from drop down list.)(Other district in case your number from other city)

14.   In Amount (INR) – Enter---- 2500 (or applicable amount)

15.   In mobile NO. – You can enter/alter if you want different number or keep existing

16.   Then confirm all the details entered and CLICK on "Proceed for Payment"

17.   AT next Screen – Select "Agree" option at the top-middle of the screen

18.   Then Click on SBI ePay (or GRAS if your bank is not supported by SBI epay)

19.   Then Click on "Proceed" at the right-bottom side of screen

20.   Then the draft challan will appear on screen. Confirm the details of challan

21.   Then click on "Make Payment" option at the center-bottom of screen

22.   At next Screen " Click on "Internet Banking" option at the centre of screen

23.   If your bank is SBI Click on SBI Symbol or Chose bank from drop down menu under 'All Banks"

24.   After Choosing your bank Click on "Pay Now" (You will be charged with Rs. 11.80 (extra by bank as service charges)

25.   Now you will be taken to 'internet banking' page of your bank

26.   Enter your user id and password and make payment

27.   After making payment wait to get the challan generated. Don't close or refresh after making payment. Print and save the challan generated. And send copy of challan to us.

 

Thank you. Kindly give your feedback.

Regards,
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209

INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD