Updates by CA Atul Modani
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Tax And Legal Updates by CA Atul Modani
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Notification for extension of TRAN 1 date to 31st October 2017 as proposed in GST council meeting
The division bench of the Rajasthan High Court comprising of Hon'ble Justice Jhaveri and justice Vyas heard the writ petition filed by the Rajasthan Tax Consultants Associtation due to the problems faced by the taxpayers on account of the technical glitches at the GSTN portal. Advocate Sanjay Jhanwar(Chir Amrit) argued the matter on behalf of the petitiner association.  During the course of his arguments, Mr. Jhanwar highlighted the impreparedness and the clinical trials run on taxpayers by the govenrment and the GSTN. The respondents argued that gstn portal is at a nasant stage and all issues would be resolved in the due course of time.


The hon'ble bench after hearing the matter has granted the following interim reliefs on 20.09.2017

a) no late fees or penalty in case of late filing of FORM 3B for the month of August after 20.09.2017, if the delay is due to the technical glitches

b) composition scheme to be available w.e.f. 01.07.2017 for all the registered persons who could not opt for the composition scheme within the prescribed time frame due to unavailability of FORM at portal upon sending of an email by 30.09.2017 to the concerned district officer.

c) Speedy redressal of any other problems faced due to the portal glitches

Moreover, the central and the state departments have been directed to provide separate district wise email addresses for remedy of issues. The court further directed that a registered person can send emails to the respective district email ids in case of any technical errors in the gstn portal and the department is bound to redress the same at the earliest. The matter is listed for further hearing on 05.10.2017
Download High Court Order
https://goo.gl/7vtsvj
*MCA has notified the “Companies (Acceptance of Deposits) Second Amendment Rules, 2017”, making amendment in the proviso to Rule 3(3) relating to limit on deposits applicable to a specified IFSC Public company/ private company and Form for Return of Deposits (DPT-3)*