New Changes in Eway Bill System w.e.f 16th November, 2018
Checking of duplicate generation of e-way bills based on same invoice number: The e-way bill system is enabled in a way that if the consignor […]
{Video} Step By Step Procedure To File GST Appeal on Portal Against Demand Order
How to File GST Appeal on Portal Against Demand Order – An Step by Step Guidance Video Facebook Twitter Google+ LinkedIn WhatsApp 1Shares
Now You Can File Refund Application Online w.e.f 6th November, 2018
Subject : Information to Taxpayers on new releases on GST Portal, as on 06.11.2018 Given below is update for you, on new functionalities, which were […]
CBIC Have Disposed off 93.8% of GST Refund Claims It has Received
Government Issues Press Release To Assure Exporters of Fast GST Refunds There are concerns being raised about growing pendency of GST Refunds. Exporters arereassured that […]
Goods & Services Used in Plant Foundation and Sheds Not Eligible for Input Tax Credit under GST
Goods & Services Used in Plant Foundation and Sheds Not Eligible for Input Tax Credit under GST Rules AAR Andhra Advance Ruling Authority (AAR) of […]
What To Do If Suppliers forgets to upload invoices issued to a Registered Recipient in GSTR-1
In case a supplier fails to upload few invoice(s) for supplies to registered persons in his GSTR1 and has filed his GSTR1, there is no […]
Scope of principal and Del-Credre Agent Relationship Under GST
Post issuance of circular No. 57/31/2018-GST dated 4th September, 2018 from F. No. CBEC/20/16/4/2018-GST, various representations have been received from the trade and industry, as […]
Haryana To Block GST Input Tax Credit In These Six Scenarious
Guidelines regarding circumstances in which Input Tax Credit has to be blocked /unblocked from Electronic credit ledger On the subject captioned above, it is intimated […]
Reimbursement of toll charges will attract Goods and Services Tax
Reimbursement of toll charges will attract Goods and Services Tax (GST), according to the West Bengal Authority for Advance Rulings (AAR). While there is no […]
FAQ’s ON APPLYING FOR LOAN ON PSBLOANSIN59MINUTES.com
What is the minimum and maximum loan amount one can borrow through the portal? An MSME can avail business loan from Rs 1 Lakh to […]
Companies whose payments to MSME exceed 45 days To File Additional Half Yearly Returns
S.O. 5622(E).—In exercise of powers conferred by Section 9 of the Micro, Small and Medium Enterprises Development Act, the Central Government hereby directs that all […]
HOW TO APPLY FOR 1 CRORE LOAN UNDER NEW SCHEME LAUNCHED BY PM
Prime Minister Narendra Modi on Friday announced a slew of measures including sanction of loans of up to Rs 1 crore to small and medium […]
GST On Transfer of Development Rights
GST On Transfer of Development Rights ByCA Ankit Gulgulia (Jain) Respected Friends, As you all are aware that Real Estate Industry has always been an […]
GST Collections Crosses 1 Lac Crores – Here is the Detailed Breakup
GST Revenue collection for October 2018 crossed Rupees One Lac Crore & stood at Rs.100,710 crore of which CGST is Rs.16,464 crore,SGST is Rs.22,826 crore,IGST […]
India Jumps 23 Places on World Bank’s ‘Ease of Doing Business’ Rankings
While the country has seen improvements on grant of construction permits and trade across borders, the usual caveats apply on what the rankings mean and […]
Refund Under GST – Legal Analysis
There can be a lot of mistakes when filling in GST challan for making GST Payment. You may also end up paying excess GST due to […]
Accounting Standards and GST Audit – The Detailed Interplay Analysis
Accounting Standards and GST Audit – The Detailed Interplay Analysis 7.1 AS 1/Ind AS 1: Disclosure of Accounting Policies AS 1 deals with the disclosure […]
Penalties for Late Filing of GST Annual Return & Audit Report
Consequence of failure to submit the annual return and not getting the accounts audited Section 47(2) provides that in case of failure to submit the […]
AOC-4 & MGT-7 Due Date Extended to 31.12.2018
AOC-4 & MGT-7 Due Date Extended to 31.12.2018 The Due Date for Annual Return under ROC i.e. AOC-4 and MGT-7 has been duly extended to […]
Checklist for GST Audit by Chartered Accountants
Checklist for GST Audit By Chartered Accountants Issued by IDTC ICAI Facebook Twitter Google+ LinkedIn WhatsApp 0Shares
CBIC Clarifies GST Procedures for Goods Returned Back
Circular to clarify the procedure in respect of return of time expired drugs or medicines F. No. CBEC/20/16/04/2017-GST | New Delhi, Dated the 26th October, 2018 Various […]
New Financial Reporting Format of NBFC’s
SCHEDULE III OF THE COMPANIES ACT, 2013 – BALANCE SHEET – AMENDMENT IN SCHEDULE III NOTIFICATION [F.NO.17/621/2015-CL-V VOL-I], DATED 11-10-2018 In exercise of the powers conferred […]
NFRA – The Auditor’s BOSS Active w.e.f 24th October, 2018
Vide Notification [F. No. 1/4/2016-CL-I] dated 24th October, 2018, the Ministry of Corporate Affairs has activated the provisions of Section 132 pursuant to which the […]
How to File Annual GST Return & GST Audit – ICAI Technical Guide
Indirect Taxes Committee of ICAI has recently released technical guide on Annual GST Return and GST Audit. The Downloadable copy and index is as under:- […]
Internal Auditor Cannot Do GST Audits
Announcement Sub. : Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other […]
September’s GST Return Is Your Last Chance of Correction – Be Cautious!
Since the implementation of GST w.e.f 1st July 2017 it has witnessed plethora of changes whether it is scheme changes, rate changes, procedural changes and […]
Cabinet clears proposal to make GSTN 100 pc govt-owned company
The Union Cabinet Wednesday cleared a proposal to convert GST Network (GSTN), which provides IT infrastructure for the new indirect tax regime, into a 100 […]
Government increases basic customs duty (BCD) will be Effective from September 27, 2018
The Central Government has issued a Press Release dated September 26, 2018 (refer below) by increasing the Basic Customs Duty, to curb import of certain imported items. […]
Income Tax Planning for Derivatives Losses (F&O)
Derivatives are the financial product whose value is derived from the real asset. The value of the derivative would replicate the value of the real […]
New Procedure for LLP Registration w.e.f 2nd October, 2018
LIMITED LIABILITY PARTNERSHIP (SECOND AMENDMENT) RULES, 2018 – AMENDMENT IN RULES 3, 8 & RULE 18 AND SUBSTITUTION OF RULE 11, FORM 1, FORM 2, […]