Corporate Updates – 24-07-2017


The Ministry of Finance, Department of Revenue, Central Board of Excise and Customs has granted Extension of time limit for filing intimation for composition levy under sub rule (1) of rule 3 of the CGST Rules, 2017. The Board has extended the period for filing an intimation in FORM GST CMP-01 under sub-rule (1) of rule 3 of the Central Goods and Services Tax Rules, 2017 upto 16th August, 2017, earlier the said Form was required to be filed upto 21-07-2017.


MCA has released new version of the XBRL Validation Tool V3.0.6 and updated Business Rules. In the XBRL Validation tools, changes have been made w.r.t CSR reporting, Business Rules related to the XBRL and C & I taxonomy 2016 have been revised. Stakeholders are advised to make a note of the changes and use new version of MCA XBRL Validation Tool V3.0.6 while filing AOC-4 XBRL for the financial year 2016-17.

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