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Conodnation Of Delay Scheme 2018- Way Out– Removal Of Disqualification Of Directors As MCA issued the list of approx 309, 614 Director who has been disqualified under section 164(2) and whose DIN has been blocked by the MCA. Due to this action many representations made from industry, defaulting companies and their directors seeking an opportunity for the defaulting companies to become compliant and normalize operations. With a view to give them opportunity the CG has decided to introduce a scheme namely “Condonation of Delay Scheme 2018” [CODS-2018].” Time Period: The Condonation of Delay Scheme 2018 shall be into from w.e.f. 01st January, 2018 and shall remain in force upto 31st March, 2018 (Companies have to comply with the scheme within this period of 3 months). For more information, Please feel free to connect us FINANZA MANAGEMENT SERVICES LLP
GST UPDATE: E-way bill trial run today; system can handle up to 50 lakh bills per day E way Bill : The URL for the e-way bill system for the whole nation is The same URL will be used for both the trial run(16-01-2018 to 31-01-2018) and final roll out(01-02-2018 onwards). However, the tax payers need to be told that the e-way bills generated upto 31.01.2018  (during trial run) would not be used by the department for any purpose. Hence, the tax payers can register, practice and use the system without any problem. As same system (URL) continues from 1st Feb 2018, the tax payers need not have to register again. The same registration will be used further. Hence, all officers are requested to advise the dealers/transporters to register/enrol themselves during the trial period itself. This avoids last-minute confusion to the tax payers. You can open and check the URL and see the details. This URL is used by 6 states now for e-way bill generations.
*Submit fresh LUT for exports w.e.f. 01.04.2018* As per the Circular No. 8/8/2017-GST dated 04.10.2017, the LUT shall be valid for the whole Financial Year in which it is tendered. Thus, the LUT obtained during FY 2017-18 shall be valid till 31st March, 2018. Exporters who intend to export under LUT are advised to submit fresh LUT for exports w.e.f. 01.04.2018. For more information Finanza Management Services LLp
Wishing u a Happy New Year 2018. Have a Blast and may god bless you with lots and lots of Happiness and grace. Give My Wishes and New year Greetings to your family too. All wishes comes true, God bless you.I hope you achieve all your dreams in 2018. Regards, FINANZA MANAGEMENT SERVICES LLP
GST Consultant || Delhi || UPDATE: After Gujarat & Delhi, Bombay HC to examine transitional credit limitation Bombay HC issues notice to Attorney General in writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act, 2017, which limits availment of transitional credit to 1 year; However, refuses to grant any ad-interim relief while listing the matter on January 22, 2018. Read more at: Evergreen Seamless Pipes & Tubes Pvt. Ltd. vs. Union of India