TDS ON PAYMENT OF RENT MORE THAN RS. 50,000 PER MONTH BY INDIVIDUALs/HUFs
Posted Date : 22-Nov-2017 , 07:38:15 pm | Posted By
CA. Brijesh Baranwal
TDS ON PAYMENT OF RENT MORE THAN RS. 50,000 PER MONTH BY INDIVIDUALs/HUFs EXISTING LAW There is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, 1961 for individuals/HUFs, wherever tax audit is applicable. INTRODU...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 1385 |
 |
Solution for Notice u/s 139(9) regarding Non-Filling of Tax Audit Report
Posted Date : 07-Nov-2017 , 01:44:34 pm | Posted By
CA.Khurana Vivek
Recently, Income tax assessees started receiving notice u/s 139(9) of Income tax Act for defective returns due to non filing of tax audit reports, although TAR has been infact filed - Section 139(9) of the Income Tax Act 1961 provides for the situations in which the return of income filed by the ta...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 5479 |
|
Issuing of invoice and payment voucher under GST
Posted Date : 01-Nov-2017 , 02:23:50 pm | Posted By
Amit Kumar
In current environment there is a big ambiguity regarding when we are need to issue tax invoice for the taxable supply received from unregistered supplier specified in u/s 9(3) and 9 (4) of CGST Act and at what point of timing we are need to issue payment voucher. There are t...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1014 |
|
Policy of Empanelment of CA Firms and Selection of Auditors of PSUs
Posted Date : 12-Oct-2017 , 08:29:11 am | Posted By
CA.Khurana Vivek
Policy of Empanelment of CA Firms and Selection of Auditors of PSUs
Empanelment of CA firms
chartered Accountant firms in India with at least one full time [1] FCA (Partner/Sole Proprietor) can apply for empanelment with this office for allotment of audit of Public Sector...
Continue Reading...
Category : CA |
Comments :
0 | Hits : 3388 |
|
REVISED PROCEDURE OF LUT AND BOND WEF 4TH OCTOBER 2017
Posted Date : 05-Oct-2017 , 05:20:56 pm | Posted By
Rajnish Kumar
Letter of undertaking & Bond under GST
Who is eligible for Letter of undertaking
With effect from 4th October 2017 the facility of export of goods and/or services under LUT has now been extended to all registered persons except to those who have been prosecuted for any offence under the CG...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1142 |
|
IMPACT GST ON EXPORT OF GOODS-CARPET
Posted Date : 03-Oct-2017 , 06:53:26 pm | Posted By
Rajnish Kumar
Export of Goods and GST Export of goods means taking goods out of India to a place outside India. Export of goods regarded as zero rated supply under GST, meaning thereby there will be no burden of duties/taxes on exported goods at any stage of distributive chain starting from manufacturer stage to ...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 444 |
|
Audit Provisions under Goods and Services Tax (GST) Act
Posted Date : 24-Sep-2017 , 10:17:03 am | Posted By
Prabhash Choudhary
What does audit mean?
As per Section 2(13) of CGST Act,
“audit” means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the co...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1391 |
|
Authorized economic operator program at a glance
Posted Date : 19-Sep-2017 , 12:00:45 pm | Posted By
Rajnish Kumar
## What is AEO (Authorized Economic Operator?) AEO is facilitation scheme i.e. holder of this certificate is entitled for certain privilege, benefits and exemption on account of import and export, In India, AEO certification is Three-Tier AEO (T1, T2, T3).This three tier certification is launched by...
Continue Reading...
Category : Custom |
Comments :
0 | Hits : 698 |
|
SET UP OF LIAISON OFFICE MANAGEMENT IN INDIA
Posted Date : 18-Sep-2017 , 12:05:50 pm | Posted By
Mamta Kumari
BRIEF SUMMARY Foreign companies planning to set up their business operations in India need to start a liaison office. The main purpose of starting a liaison office is to explore possible business opportunities in India by gathering relevant business information. This helps the companies to develop a...
Continue Reading...
Category : General |
Comments :
0 | Hits : 661 |
|
Electronic Sealing of Container by exporter under self-sealing procedure with effect from 1st October 2017.
Posted Date : 17-Sep-2017 , 09:19:24 pm | Posted By
Rajnish Kumar
Objective: In order to do ease export of the goods, now sealing for export will be electronic in absence of the CBEC official. Presence of the Superintendent of GST is not required for sealing of export container only intimation would be suffice with effect from 01st October 2017. Exporter Responsib...
Continue Reading...
Category : Custom |
Comments :
0 | Hits : 824 |
|
Wind UP A LLP
Posted Date : 16-Sep-2017 , 08:47:50 pm | Posted By
Mamta Kumari
DISSOLUTION OF LLP
In case the LLP wants to close down its business or where it is not carrying on any business operations, it can make an application to the Registrar of Companies for declaring the firm as defunct and removing the name of the LLP from its register of LLP’s. ...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 344 |
|
SIMPLIFIED E-WAY BILL UNDER GST
Posted Date : 15-Sep-2017 , 10:12:07 pm | Posted By
GSTCornor
Nyn (Associate member of Team GSTCornor) E-WAY BILL E-Way bill is an electronic way bill which is required to be carried by person in charge of the conveyance; for movements of goods from one place to another place within the state or outside the states. The e-way bill mechanism has been used in t...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 690 |
|
Salient Features of E-Way Bills
Posted Date : 07-Sep-2017 , 05:51:57 pm | Posted By
CA Sanjay Jain
Recently, the Central Government has issued a notification no 27/2017 dated 30.08.2017 wherein it has brought Rule 138 for E-way bills in public domain. The salient features of E-Way Bills notification are as under:-
1. Government shall separately notify & appoint applicable dates for i...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1144 |
|
RERA Compliances
Posted Date : 05-Sep-2017 , 07:51:03 pm | Posted By
CA Mitesh Rathore
Real Estate under RERA Regime. After 4 months of implementation of RERA, Builders and Developers are in dilemma of legal compliances relating to RERA. THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 has altered the Real Estate Business altogether and it is a big challenge for professional to ...
Continue Reading...
Category : General |
Comments :
0 | Hits : 653 |
|
GST implications for SEZs
Posted Date : 02-Sep-2017 , 03:44:05 pm | Posted By
Sahil Sethi
Goods and Service Tax (GST), a tax regime which was referred by our PM as Goods & Simple Tax, has proved to be a tax heaven for the Special Economic Zone (SEZ ) Developers & the units therein. It has reduced the bout of heavy compliances which was nothing but a sheer scourge for the Ent...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 608 |
|
India.. Awaiting for its Achhe Din!!
Posted Date : 02-Sep-2017 , 03:34:25 pm | Posted By
Sahil Sethi
Achhe din are about to come!!! The Indian public voted for BJP in 2014 or in other words there was Modi wave that led to the victory of BJP in central elections.. With Modiji's modified government the era of reforms initiated in the State of our country.. The Jan Dhan Yojana with the moto of Sabka s...
Continue Reading...
Category : General |
Comments :
0 | Hits : 385 |
|
GST provisions with Interpretation on GTA
Posted Date : 02-Sep-2017 , 10:19:51 am | Posted By
Rajni
Definition of GTA
Bare Law
As per the NN 11/2017 CT rate, “goods transport agency” means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.
Interpretation
As per the definition not only transportation serv...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 820 |
|
Eway Bill Rules summary
Posted Date : 01-Sep-2017 , 10:15:56 am | Posted By
Rajni
Eway Bill Summary Who has to issue Eway Bill
Every registered person who causes movement of goods and
Consignment value exceeds Rs.50,000
shall furnish information in Part A of FORM GST EWB-01. Upon generation of the e-way bill on the common portal, a unique e-way bill number (EBN...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1197 |
|
Comparitive Analysis of PSU Banks for FY 2016-2017 from the point of PCA Framework
Posted Date : 26-Aug-2017 , 12:54:53 pm | Posted By
RATHI
Comparitive Analysis of PSU Banks for FY 2016-2017 from the point of PCA Framework
...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 606 |
|
New reporting requirement in Auditors' Report 2017
Posted Date : 19-Aug-2017 , 02:10:39 pm | Posted By
ANAND KUMAR GUPTA
New reporting requirement in Auditors’ Report Under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013
The Ministry of Corporate Affairs vide notifications dated March 30, 2017 has notified the Companies (Audit and...
Continue Reading...
Category : Auditing |
Comments :
0 | Hits : 2700 |
|
Changes in Tax Audit - Form 3CD (AY 2017-18)
Posted Date : 19-Aug-2017 , 01:59:08 pm | Posted By
ANAND KUMAR GUPTA
Changes in Tax Audit - Form 3CD (AY 2017-18)
I. Changes relating to ICDS Reporting Adjustments CBDT Notification No.88/2016 dt. 29 Sept. 2016 – ICDS Rules 2016 The CBDT has amended/ revised Form 3CD, applicable f...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 5940 |
|
Impact of Section 142(11)(c) of CGST, 2017 & its compliance on suppliers providing Works Contracts and Builders Services
Posted Date : 12-Aug-2017 , 06:14:34 pm | Posted By
Sheetal
CA Sanjay Jain, Partner SSPJ & Co. sanjay@spjca.in, +91-8383006028
Impact of Section 142(11)(c) of Central Goods & Service Tax, 2017 & its compliance on suppliers providing Works Contracts and Builders Services
Introduction
Section 142 of Central Goods and ...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 13004 |
|
GEAR UP FOR FIRST GST RETURN (GSTR-3B)
Posted Date : 06-Aug-2017 , 11:32:52 pm | Posted By
Yash Jain
GEAR UP FOR FIRST GST RETURN (GSTR-3B) BACKGROUND: After filing of Income tax return by August 05, 2017 now comes in the period of GST Return for the very first time, Anything for the first time creates a chaos due to limited knowledge among various businessmen over how to file the returns and hence...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 1497 |
|
ALL ABOUT GSTR 1 AND OVERVIEW OF ALL GST RETURNS
Posted Date : 03-Aug-2017 , 09:16:52 pm | Posted By
HEMANT Sharma
Law Governing Returns
CGST Act 2017
RETURNS
CHAPTER IX
9 Sections (Section 37 – 48)
CGST Rules 2017
RETURNS
CHAPTER VIII
26 Rules (Rule 59-84)
Return Forms
RETURNS
Forms in CGST Rules 2017
31 FORMS
Sections At A Glance
37 - Furnishing Deta...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 887 |
|
TRANSITIONAL PROVISIONS UNDER THE GST ACTS
Posted Date : 31-Jul-2017 , 11:19:27 am | Posted By
ALEXANDAR GAZI
Preamble Transitional provision is a statutory provision that regulates a process that starts before an amendment or enactment of the statute comes into force, and ends after the amendment or enactment of the statute has come into force. Transitiona...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 608 |
|
Notified goods and services under reverse charge in the GST Acts
Posted Date : 17-Jul-2017 , 11:25:58 pm | Posted By
ALEXANDAR GAZI
. Preamble We have compiled two notifications, in relation to Reverse Charge mechanism in the GST Acts, issued by the Central Government on the recommendation of the GST Council. One is notifying certain goods on supply of which tax shall be borne by the recipient of such goods and the other is not...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 954 |
|
JOB WORK PROCEDURES IN THE GST ACTS
Posted Date : 17-Jul-2017 , 04:39:33 pm | Posted By
ALEXANDAR GAZI
Preamble
Role of job workers in manufacturing sector are being more and more influential on passage of time. Big companies in manufacturing sector are getting their products done by job workers. It will not be wrong to say that today big organizations are busy to build and retain image of th...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 880 |
|
GST on maintenance bills of residential societies
Posted Date : 13-Jul-2017 , 08:46:28 pm | Posted By
Naveen
GST on maintenance bills of residential societies The Schedule of GST rates for Services as approved by GST Council in the 14th GST Council Meeting held on 19th May, 2017 has provided for various Service Tax Exemptions to be continued in GST. Entry no. 26 of the list of exemptions provi...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 955 |
|
Gist of Pradhan Mantri Awas Yojana (Urban)
Posted Date : 13-Jul-2017 , 05:04:30 pm | Posted By
Mahesh Bansal
The Pradhan Mantri Awas Yojna scheme of Central Government was relaunched after the Prime Minister's address to the nation on 31st Dec. 2016. Under this scheme credit linked subsidy is granted to urban households to enable them purchase or construct a residential dwelling unit for themselves. T...
Continue Reading...
Category : Banking |
Comments :
0 | Hits : 780 |
|
Interest Provisions under GST
Posted Date : 12-Jul-2017 , 03:49:59 pm | Posted By
Prabhash Choudhary
In exercise of the powers conferred by sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby issued Notification No. 13/2017 &ndash...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 655 |
|
|
