Day: October 30, 2017

July GSTR 2 & GSTR 3 Due Date Extended

The due date for GSTR 2 return for the month of July 2017 has been extended today till 30th November 2017. The due date for filing GSTR 3 return of July 2017 has also been extended until 11th December 2017. The announcement was recently made by the Hon’ble Finance Minister on 30th October 2017. The extension will ease the compliance burden for millions of small businesses across the...

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Returns to be submitted by NBFCs – RBI

The Non Banking Financial Companies (NBFCs) are required to submit various returns to the Bank w.r.t their deposit acceptance, prudential norms compliance, ALM etc. The lists of such returns to be submitted by the NBFCs are as under: 1. NBS-1 Return (on Financial Indicators by deposit taking NBFCs): With reference to Master Direction – Non Banking Financial Company – Systemically Important – Non Deposit taking and Deposit taking Company (Reserve Bank) Direction 2016, all NBFCs accepting/holding public deposits are required to submit NBS-1 return on a quarterly basis. Purpose: -To capture financial details, viz. components of Assets and Liabilities,...

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