IMPORTANCE OF COMPLIANCE CALENDAR With the growing complexities and ever-growing areas getting under regularized phenomenon, it is always wise to have compliance calendar, whether offline or online, as the requirements are getting changes every now and then and cost of compliance is way more than cost of non-compliance. For the organization with professionals on Board, […]
Read More →Periodicity for filing of GSTR-ITC-04 pertaining to the goods dispatched to a job worker or received from a job worker or sent is revised vide notification No. 35/2021–Central Tax G.S.R. 659(E), dated 24th September, 2021 (Copy of Notification – Click) . Brief note on the same is as under:- Turnover upto Rupees 5 Crore : […]
Read More →The Budget 2022 is for digital India, a step to boost the start-up in India. Govt has also opened defence sector for industry, 25% R&D budget is for start-ups and academia to enable growth of the defence infrastructure with the help of technology companies. Following amendment proposed in Income Tax Amendment section 14A (relating […]
Read More →The necessary provisions regarding filing an appeal to Appellate Authority has been provided under CHAPTER XVIII- APPEALS AND REVISION [SECTION 107 TO 121] of the Central Goods and Services Tax Act, 2017 (‘CGST Act, 2017’) supplemented with CHAPTER XIII- APPEALS AND REVISION [RULE 108 TO 116]. Pursuant to the provisions of Section 107(1) of the […]
Read More →Due to the corona pandemic staying at home has become the new normal. People have changed their ways of doing things. Many people have lost their jobs. They are trying to learn new skills too from the comfort of their home. Learning about GST is one of the right decisions being made by many people. […]
Read More →The Consumer Protection Act, 2019 (“New Act”) Notification No. S.O. 2351(E) dated 15th July 2020 The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New […]
Read More →When an owner of unquoted equity shares (“Shares”) in a Company transfers the shares to any person, he is required to pay Capital Gain tax on the difference between the sale consideration received by him and the cost of acquisition of such shares (or the inflation indexed cost, wherever applicable). It is important to check […]
Read More →Schedule II of the CGST Act talks about activities or transactions to be treated either as a supply of good or supply of service. There are some certain activities or transaction which led to confusion whether they are supply of goods or supply of service. The matters listed out in Schedule II are primarily those […]
Read More →Procedure, format and standards for issuance of certificate for tax deducted at source in Part B of Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules, 1962 through TRACES- reg. (Form 16 Part B revised Notification 2019) The Central […]
Read More →What is Goods and Services Tax (GST) The GST is an indirect tax, which is levied on supplying of Goods and Services. the word supply is used instead of sale for levying the GST. This tax is passed on till the last stage that is the customer of the goods and services who bears the tax. It […]
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