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Archive: 09 August 2017

Posts in 09 August 2017

Guide to Return in Form GSTR- 3B

August 9, 2017 102912 Views 25 comments Print

To ensure the smooth roll out of GST, the timeline for invoice-wise return filing in Form GSTR-1 and Form GSTR-2 for the first two months has been extended, and in lieu of Form GSTR 3, summarized details of outward and inward supplies in Form GSTR-3B are required to be submitted. This arrangement is mainly for the purpose of arriving liability under GST and payment of tax thereof.

18% GST on Member Fees Charged by ICAI

August 9, 2017 32109 Views 4 comments Print

The ICAI Head Office vide Advisory No. 1 dated 30th June 2017 has directed that Under Section 7 of the CGST Act, 2017, levy of 9%+ 9% Is applicable on Fees from Members for all payments received In the Institute with effect from 1st July 2017

Composition levy- CGST Act 2017- Conditions and restrictions

August 9, 2017 9078 Views 1 comment Print

Small taxable person supplying goods upto 75 lakhs per annum are eligible for composition scheme. They have to pay GST @ 2% in case of manufacturing & 1% in case of trader & 5% in case of restaurant service.

3 Serious Investment Hurdles and how to overcome them?

August 9, 2017 1443 Views 0 comment Print

Ever seen a hurdle race? Noticed how the athlete concentrates on overcoming the hurdles? How they time their leap at the right moment to sail smoothly over them? For these people the barrier is just a physical obstacle and not a mental one.

Succession planning – Life moves with Trust

August 9, 2017 5940 Views 2 comments Print

Reflecting on ownership or leadership succession provokes an extreme emotional reaction for business and asset owners, as this is a reminder of age and mortality, which innately clouds the human mind with fear, feeling of loss of control or influence. A stress free mind calls for a simple and robust succession plan to protect the assets and facilitate a seamless transition for the benefit of the business and next generation. Individuals who have dealt with succession issues structurally and with professional help have ensured survival and sustainability of businesses and wealth through generations.

Forget about Tax or Statutory Audit, book your September to welcome GST

August 9, 2017 26985 Views 12 comments Print

Ministry of Finance today issued the much awaited notifications regarding the extension of time limit to file GST returns. As per these notifications, a normal registered person is required to file one return in Form GSTR-3B for the month of July ‘2017 latest by 20th of August’2017 and about seven returns to be filed in the month of September’2017.

Gujarat Rajya Sabha Election- Read Election Commission Order

August 9, 2017 1635 Views 2 comments Print

Election Commission of India NIRVACHAN SADAN ASHOKA ROAD, NEW DELHI – 110 001 In Re : Biennial Election to the Council of States by the elected members of the Legislative Assembly of Gujarat – 2017. ORDER The President of India, by his Notification dated 21′ July, 2017, under Section 12 of the Representation of the […]

All about Pradhan Mantri Vaya Vandana Yojana

August 9, 2017 3954 Views 1 comment Print

Government of India has announced Pradhan Mantri Vaya Vandana Yojana for citizen age 60 years and above. LIC of India has been given the sole privilege to operate this scheme. The Pradhan Mantri Vaya Vandana Yojana has been launched on 4th May 2017.The scheme shall be available for one year from date of launch.

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