All companies required to prepare or voluntarily preparing their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 for financial year 2016-2017 are required to file their statements only in XBRL format.
The year 2017 has marked the beginning of the dream of a New India. The present Government under the leadership of Prime Minister Narendra Modi is forging ahead to usher a revolution of world-class infrastructure, enhanced connectivity and an India that shines on the global map.
Login into ICEGATE website using login credentials. II. Access the e-SANCHIT application by clicking on e-SANCHIT link provided in menu III. Upload document by clicking on Upload Documents button.
Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold, but exceed the voluntary registration threshold of AED 187,500.
Penalty U/s. 271(c) Addition for difference on account of method of valuation of Closing Stock without any intention to to conceal income or furnishing of inaccurate particulars of income not justified
I haven’t applied for GST registration. Transition from Service Tax was automatic. Suggest the way to cancel the registration. Ans 2: Please refer to sub=-rule (4) of Rule 24 of of CGST Rules, 2017 wherein application for cancellation can be filed tin FORM GST REG-29.
GST law, as drafted and legislated, does not come free from the interpretational hassles. Taxpayers have started challenging various provisions of GST laws and rules framed there under. High courts have taken a liberal stand so far in view of the fact that law is new and is yet evolving. However, CBEC has decided to move to supreme court where the verdict is against the Government.
For Quarter ending on 30th September 2017 due date to file ITC-04 was 25th October 2017 and CBEC has made an announcement to extended such date just 3 Hour before the expiry of due date.
GSTN Number is a GST Registration Number Containing 15 Digits. It contains three things – 1. Two Digit State Code at the Start of GSTN – State Code of Various States in India is as follows :- 01 – Jammu & Kashmir 02 – Himachal Pradesh 03 – Punjab 04 – Chandigarh 05 – Uttranchal […]
Section 9(4) of the CGST Act, 2017 requires payment of Central Tax in respect of supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on reverse charge basis as the recipient. The statutory provision of Section 9(4) of the CGST Act, 2017 is reproduced below:-
