Wherever information provided in GSTR I is incorrect or insufficient, exporters have been given the option to rectify the same through Table 9A of GSTR 1. The modification done through Table 9A have been transmitted by GSTN to Customs EDI system.
Turnover limit under GST Composition Scheme North Eastern State and Himachal Pradesh : Rs. 75,00,000/- In other States : Rs. 1,00,00,000/- Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover. Who can’t opt for GST Composition Scheme Taxpayer supplying exempt supplies. Taxpayer having Interstate supplies. Supplier of […]
The interest of consumers under GST is protected by Anti Profiteering Authority. Affected consumers can file their grievance before Standing Committee/State level Screening Committee in terms of Rule 128 of CGST Rules, 2017 using Anti Profiteering Application Form (APAF-1) which has been simplified and made more convenient to use. Download Anti-Profiteering Application Form (APAF – […]
MCA has extended the much desirous Condonation of Delay Scheme 2018 (CODS 2018) till 30.04.2018 vide General Circular No. 02/2018 dated 28th March 2018.. This was much needed as many of the companies were not able to opt for the scheme as the formalities for new director addition (in case of other directors being disqualified), […]
It has been decided to extend the last date for filing of AOC-4 XBRL for all eligible companies required to prepare or voluntarily prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 for the financial year 2016-17, without additional fee till 30th April, 2018.
Changes brought in by various amendments in respect of supply of works contract services by sub-contractors, appears to be not meeting the intention of Government to keep the sub-contractors in the status-quo as they stood in the erstwhile tax regime. The tax payers may argue out that the intention prevails over the ambiguous language of the law and may take the benefit of reduced rates even in case of chain below the sub-contractors.
We all know that after incorporation of RUN Service (Reserve Unique Name), an applicant seeking reservation of name for a proposed Company or an Existing Company seeking to change its name has to apply for reservation through RUN Service only.
Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the Financial Year 2017-18 (relevant to Assessment Year 2018-19).
CGST/SGST/UGST Act have detailed provisions regarding the Transitional Credit available to the dealer to ease the Transition to GST. Sec. 139 to Sec. 142 of CGST Act along with Rule 117 to 121 of CGST rules have detailed provisions regarding transition
SYMBOLIC V/S PHYSICAL POSSESSION OF THE ASSETS One of the issues in enforcing the Sarfaesi Act, 2002 is whether the bank should obtain de facto possession/actual physical possession before putting the immovable property to sale under section 13(4) of the Act or should it contend with the symbolic possession under the same section. Section 13(6) […]
