"18 January 2018" Archive

E-Way Bill- Objectives, Registration / Enrollment Procedure, Benefits, Modes to Generate & Feature of Portal

Article explains in brief Objectives Of E-Way Bill Under GST, Benefits Of E-Way Bill Under GST, Provisions And Rules Of E-Way Bill, Registration Procedure On E-Way Bill Portal For GST Registered Users, Enrollment Procedure On E-Way Bill Portal For GST Unregistered Transporters/ Others, Modes To Generate E-Way Bill Under GST and Features ...

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Condonation of Delay Scheme, 2018 – Brief Analysis

In a major relief for disqualified directors of companies, the government has provided a three-month window to them to file their returns and normalise operations by launching Condonation of Delay Scheme, 2018. ...

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Minimum Alternate Tax (MAT) on Ind AS Compliant Companies

The computation of MAT for the year in which first time adoption of Ind AS has been taken place will include, apart from current year adjustments, the adjustments which are made in the preceding financial year as well as on the transition date....

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GST Rate changes on services with effect from 25.01.2018

Recommendations made on GST Rate changes on services by the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many relief measures regarding GST rates on goods and services covering many sectors and  commodities.  The Council ...

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6 Policy Changes recommended by 25th GST Council Meeting

1. The late fee payable by any registered person for failure to furnish FORM GSTR-1 (supply details), FORM GSTR-5 (Non-resident taxable person) or FORM GSTR-5A (OIDAR) is being reduced to fifty rupees per day and shall be twenty rupees per day for NIL filers. The late fee payable for failure to furnish FORM GSTR-6 (Input Service Distribut...

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25th GST Council Meeting reduces GST Rate on Certain Goods

Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarification...

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Section Wise Analysis of Companies (Amendment) Act, 2017

Introduction The Companies (Amendment) Act, 2017 (Act, 2017) has seen the light of the day with the receipt of President’s assent on January 03, 2018. The Companies (Amendment) Bill, 2017 (Bill, 2017) was duly passed in both the Houses of the Parliament on July 27, 2017 and December 19, 2017. The Bill, 2017 as approved […]...

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Salary Account VS Savings Account

The people always have a confusion regarding salary account and savings account, actually what is the exact difference between salary account and savings account. In real both this account has same features. Let us go in deep with topic...

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E-Way Bill- Things to Know

E WAY  bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding 50,000. It is generated from the GST Common Portal by the registered persons or transporters who cause movement of goods of consignment before commencement of such movement....

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Section 195: 6 Suggestions made by ICAI for Rationalization of Provisions

Finance Act, 2012 extended the obligation to withhold taxes to non- residents irrespective of whether the non-resident has -...

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