VMR AND CO. Chartered Accountants

Compliance Calander October, 2018                                                                                                                                                       www.vmrca.com S.No. Last Date Category Compliance Consequence of Delay/Non Compliance 1 5/10/2018 KYC of Directors Every individual who has been alloted a Director Identification Number (DIN) on or before 31st of March, 2018, shall mandatorily submit e-form DIR-3 KYC on or before 5th October, 2018 with late filing fee of Rs. 500. L...

GST Refund related clarification Various representations have been received seeking clarification on issues relating to refund. In order to clarify these issues and to ensure uniformity in the implementation of the provisions of law across the field formations, the Board, in exercise of its powers conferred by section 168 (1) of the Central Goods and Services Tax  Act , 2017 (hereinafter referred to as “CGST  Act ”), hereby clarifies the issues as detailed hereunder through cercular No.  59/33/2018 Dt. 4th Sept., 2018  : Submission of invoices for processing of claims of refund Now no need to submit copies of invoices (either original or duplicate). Refund claim shall be accompanied by a print-out of FORM GSTR-2A of the claimant for the relevant period for which the refund is claimed. The proper officer shall rely upon FORM GSTR-2A as an evidence. Hard copy of invoices may be asked only where these invoices are not present in GSTR-2A. Following nee...