"24 March 2018" Archive

5 Suggestions/Concerns related to GSTN and action taken

User-Friendly Goods and Services Tax Network (GSTN) Goods and Services Tax Network (GSTN) has sought the views of the taxpayers about their experience and difficulties. A survey was conducted by GSTN on overall taxpayer’s satisfaction during the months of October 2017 & November 2017. The taxpayers for the Survey were selected at ra...

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Summary of GST returns filed for January, 2018 & GST collections

The month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under:...

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Post GST, increasing trend in number of company registrations

After introduction of GST, increasing trend in the number of companies’ registrations, industrial activity has accelerated and growth in sales for corporates has also seen a remarkable increase Introduction of GST was a historical step for transforming India into a common national market with a simplified tax regime. GST was implemented...

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MCA filed prosecution against 780 listed companies for non filing of Annual Returns

Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns...

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Analysis of Payment of Gratuity (Amendment) Bill 2017

The much waited Social security measure, Payment of Gratuity (Amendment) Bill, 2017 was passed by Rajya Sabha on 22nd March, 2017 after it was passed in the Lok Sabha on 15th March, 2018. ...

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The Changing Landscape of IBC

The Insolvency and Bankruptcy Code aims at establishing a time bound resolution of stressed assets, failing which the corporate debtor will be liquidated. Much has been written about the issues under the Code vis-à-vis other regulations. In this article, we attempt to throw light on the practical difficulties under the Code and the nee...

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Input Tax Credit (ITC)- Confusions in GST Law: Part 1

The first financial year under the GST regime is coming to an end but there is no dearth of confusions in the provisions of the law. This series will focus on various issues that are still unanswered. This is the first part and we will talk about the following issue...

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10 Changes in Income Tax Relevant from AY 2018-19 Onwards

The Chartered Accountants and The Advocates are under a lot of pressure to meet the deadline of Mar 31, 2018. It is quite obvious as the closing of March 2018 is surely going to be the scariest deadlines for all those...

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GST Refund

The relevant date provision embodied in Section 54 of the CGST Act, 2017, provision contained in Section 77 of the CGST Act, 2017 and the requirement of submission of relevant documents as listed in Rule 1(2) of Refund Rules is an indicator of the various situations that may necessitate a refund claim...

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January 2021