Day: October 20, 2017

Important aspects about Section 8 Company under Companies Act, 2013

Hello Readers, Through this post you will get “Few Important aspects about Section 8 Company under Companies Act, 2013 (Non -Profit Organization)”. The key points are:- Section 8 company can be a Private Company or Public Company. Section 8 Companies are not allowed to Pay Dividend to its members. Alteration of MOA and AOA of Section 8 Companies can be done only with the Prior Approval of Central Government. A Partnership firm may be a Member of Section 8 Companies. Section 8 Company shall amalgamate only with another Section 8 Company having similar objects. Proxy need to be a...

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Why Late fee amount shown in GSTR 3B of September, 2017..?

Some taxpayers are reported to Government that there is late fee amount shown in their GSTR 3B return, for the month of September, 2017, even though the last date of filing GSTR 3B return for the month of September, 2017, is 20th October, 2017. This is not for any delay on filing of GSTR 3B for September, 2017 (as last date of filing GSTR 3B is 20th October). It is on account of late filing of return for previous period, i.e. August, 2017. Reason The system does entry into ledgers from GSTR 3B return on the date on which...

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