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Goods and Services Tax - The GSTR-9A is the annual return to be filed once in a year by taxpayers who have opted for the Composition Scheme under GST for the period July 17 to March 2018 . It includes all the information furnished in the quarterly returns filed by the composition taxpayers during that financial year....
Read MoreCA, CS, CMA - The thing is we simply don’t know how to get the prices right. No matter whether Big 4’s or other firms, for past few years the whole profession is facing pressure on fees. It is hard to see the professionals struggling with the price and not getting the fees they deserve....
Read MoreGoods and Services Tax - Circular No. 72/46/2018-GST dated 26th October, 2018 clarified the procedure to be followed in respect of return of time expired drugs or medicines under the GST laws. The drugs or medicines are sold by the manufacturer to the wholesaler and by the wholesaler to the retailer on the basis of an invoice/bill of supply as case may be. They h...
Read MoreCorporate Law - Articles explains about Purpose, Requirement of Registration and No. of members for Applicability of Labour Welfare Fund Act (of respective States), Shops & Commercial Establishment Act (of respective States),The Employee’s Compensation Act, 1923, Trade Unions Act, 1926, Payment of Wages Act, 1936, Weekly Holiday Act, 1942, Indu...
Read MoreGoods and Services Tax - Introduction to GST Audit GST is a trust-based taxation regime wherein the assessee is required to self-assess his returns and determine tax liability without any intervention by the tax official. Therefore a tax regime that relies on self-assessment has to put in place a robust audit mechanism to measure and ensure compliance of the prov...
Read MoreGoods and Services Tax - TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces their most intensive and comprehensive Online GST Certification Course. Batch will start on 02nd December 2018. GST Certification Course covers detailed analysis of entire GST law with special focus on Effective GST Audits & Reconciliation Statements, filing...
Read MoreCA, CS, CMA - We are pleased to inform that the Draft Bank Branch Auditors Panel of Chartered Accountants/firms for the year 2017-18 has been prepared alongwith the category of the applicants. The Draft Panel contains the following:...
Read MoreCorporate Law - There are some media reports that this Maternity Leave Incentive Scheme has been approved/notified. However, it is clarified that Ministry of Labour & Employment is in the process of obtaining necessary budgetary grant and approvals of Competent Authorities. ...
Read MoreCA, CS, CMA - CENTRAL BANK OF INDIA, CENTRAL AUDIT & INSPECTION DEPT. CENTRAL OFFICE, MUMBAI GUIDELINES FOR SUBMITTING ONLINE APPLICATION FOR CONCURRENT AUDIT ASSIGNMENT IN CENTRAL BANK OF INDIA FOR THE YEAR 2019 (Jan-Dec) Last Date for filing Online Applications: 26.11.2018. PLEASE KEEP FOLLOWING INFORMATION READY: 1. BRANCH CODE OF CENTRAL BANK O...
Read MoreGoods and Services Tax - Before GST, Annual Turnover of the Pharma Sector (as on 31.05.2017) was Rs 1,14,231 crores while after GST, the Annual Turnover of Pharma sector (as on 31.05.2018) touched Rs 1,31,312 crores, which is 6% higher than the Pre-GST regime....
Read MoreMr. P. M. Choudhary, Senior Advocate Vs. Mr. Anand Dadariya, Deputy Govt. Advocate (Chhattisgarh High Court) - The petitioners cannot be allowed to make separate entry when frooti is covered within the specific entry and residuary entry cannot be resorted into. In the considered opinion of this Court, both the authorities are absolutely justified in holding that frooti is a product covered by Entry 14 of Sch...
Read MorePravin Natvarlal Modh Vs State of gujarat (Gujarat High Court) - Pravin Natvarlal Modh Vs State of Gujarat (Gujarat High Court) In the instant case the petitioner is holding a certificate as a sale tax practitioner from the year 1977. In 1983 he enrolled as a an advocate under the state bar council of Gujarat. The VAT authorities initiated misconduct proceedings ...
Read MoreLemon Tree Hotels Ltd. Vs. Union of India (Delhi High Court) - Lemon Tree Hotels Ltd. Vs. Union of India (Delhi High Court) The petitioner had approached this Court claiming directions that common investigations be carried out having regard to the nature of its business functioning and having regard to the fact that M/s. Lemon Tree Hotels Ltd. maintains common ...
Read MoreDeepak B. Shah Vs ACIT Mumbai (ITAT Mumbai) - Deepak B. Shah Vs ACIT Mumbai (ITAT Mumbai) In the present case the Income Tax Department sought to tax fund lying in a Swiss bank account as “Unaccounted Income” in the hands of two residents of Mumbai. The appellants maintained account in Swiss Bank stated that they had no contribution in the ...
Read MoreKashi Bartan Bhandar Vs State of UP (Allahabad High Court) - Kashi Bartan Bhandar Vs State of UP (Allahabad High Court) The notice under the CGST Act is required to be served in accordance with the provisions of Section 169 of the Act which provides that it can be served by giving or tendering it directly or by messenger to the person concerned or to a [&he...
Read MoreNotification No. 82/2018/ G.S.R. 1128(E) - (19/11/2018) - Whether mother is a single parent and you wish to apply for PAN by furnishing the name of your mother only? Yes No (please tick as applicable) If yes, please fill in mother’s name in the appropriate space provide below. Father’s Name (Mandatory except where mother is a single par...
Read MorePublic Notice No. 47/2015-20 - (16/11/2018) - Import validity period of the EPCG Authorisations which have been issued prior to the date of issuance of this Public Notice and whose validity has not expired on the date of issuance of this Public Notice shall also be extended to 24 months from the date of the issuance of the Authorisation. ...
Read MoreD.O.No.21/CH(IC)/2018 - (16/11/2018) - CBIC has put up a GST & Customs Pavilion in IITF, which has six Helpdesks relating to GST, GSTN and Customs to guide and assist taxpayers. General information has been displayed through interesting info-graphics in the Pavilion....
Read MoreNotification No. 55/2018-Customs (ADD) - (15/11/2018) - Seeks to extension of existing anti-dumping on O-Acid originating in or exported from China PR and imposed vide notification No. 6/2018-Customs (ADD) dated 12th March, 2018 to imports originating and exported from China PR of O-Ester....
Read MorePublic Notice No. 46/2015-2020-DGFT - (15/11/2018) - The existing Stock and Sale policy has been amended to allow re-transfer / re-export of SCOMET items within the country of the stockist and to the end users in other specified countries approved by IMWG, on post reporting basis....
Read MoreYour spouse not only helps you in meeting your social and personal but also helps you in saving income tax as well. There are certain tax benefits by way of which you can enha...
Read MoreCPC for electronic tax returns in Bangalore and CPC (Vaishali in Ghaziabad) for tax deducted at source (TDS) are working as the right hands of Government for detecting cases o...
Read MoreTax Planning is most important part of Finance Planning for Tax Payers In India especially for Individual and Salaried tax Payers. In this Article we are discussing some Tax P...
Read More1) Whether capitalization of interest payable attracts TDS U/S 194A? Whether conversion of out standing interest on loan into loan attracts TDS? Difference between Form-15G an...
Read MoreSection 80C of Income Tax Act, 1961 allows you deduction upto Rs. 1.50 lakhs in respect of certain items of investments and expenses. These deductions are subject to som...
Read MoreEligibility - Individuals who are residents of India are eligible to open an account under the Public Provident Fund scheme. A PPF account may be opened under the name of a m...
Read MoreSimple Automatic GST Late Fees Calculator in Excel Format for easy calculation of Late Fees Payable for late filing of Form GSTR 3B which calculates late fees under both CGS...
Read MoreThis Calculator calculates House Rent Allowance which is exempt from tax U/s. 10(13) of The Income Tax Act, 1961. The calculator is in excel format and it calculates the allow...
Read MoreIn order to file your income tax return you first need to collect all the information required to file it. The next important step is to compute your total taxable income. Aft...
Read MoreTax Deducted at Source (TDS) is one of the modes of collecting income tax in India at the very source of income, governed under Indian Income Tax Act of 1961. ...
Read MoreTDS & Tax Provisions for F.Y.2018-19 TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at ...
Read MoreArticle discusses Income Tax Penalties for Failure to deduct TDS / TCS in full and part, Quoting false TAN in challan/ statements, Failure to apply for TAN, Failure to furnis...
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