Updates

• February 26, 2019
• CA Chandan Agarwal's Office

1. GST Rate reduced on residential property w. e. f. 01/04/2019. For Affordable Housing, it becomes 1% without ITC and for others 5% without ITC: http://pib.nic.in/PressReleseDetail.aspx?PRID=1566144
2. Form ACTIVE: MCA has issued Form 22A Active Company Tagging Identities and Verification (ACTIVE):http://www.mca.gov.in/MCA21/dca/downloadeforms/eformTemplates/NCA/Form_INC-22A_help.zip
3. Finance Bill 2019 becomes Act: President okays interim Budget 2019 – http://www.ecoti.in/O7aETb
4. The Government has issued “The Banning of Unregulated Deposit Schemes Ordinance 2019” on 21.02.2019. Pursuant to this ordinance, Unregulated deposit scheme & it’s advertisement etc. has been banned. As per clause 3.2 (b) of the Standing committee report, “….not to curb or hinder acceptance of money by an establishment in the ordinary course of its business.”
5. Unregulated deposit ordinance to lead to creation of central repository of registered firms: Rajiv Kumar:http://www.ecoti.in/U3hoIb84
6. Empanelment_ of Members to act as Observers at the Examination Centres for The CA Exam May/June 2019 – https://resource.cdn.icai.org/54217exam43536.pdf
7. SEBI declares commodity arm of Motilal Oswal and IIFL as ‘Not Fit and Proper’. Investors to withdraw their shares and funds in 45 days: https://bit.ly/2NnGITz