The scope of this write up will cover: 1. Who requires registration under Registration and Responsibility Under Delhi Shops Act, 1954 2. Basic responsibilities of the Occupier and 3. Method of registration under the Registration and Responsibility Under Delhi Shops Act, 1954.
For financial year 2017-2018, the GST taxpayer has to be answerable for the compliance in audit i.e. internal audit, statutory audit, tax audit , Audit by Chartered Accountant or Cost Accountant – Rule 80 and Section 35(5), Audit by Tax Authorities – Section 65, Special Audit – Section 66 of CGST Act 2017.
CBDT has revised Tax Audit Form 3CD Revised vide Notification 33/2018 dated 20.07.2018 (effective from 20.08.2018) by which it has made 6 Amendments and 9 Insertions in Tax Audit Report Form 3CD. Read here at a glance…!! Summary of Amendments: 1. 4 – GSTIN to be mentioned. 2. 19 – Allowance under Section 32AD is […]
This Article contains the various provisions of DIR-3 e-KYC norms, fees and consequences of non-filing within due date and guide to file form DIR-3 KYC.
As per Section 2(11) of the Central Goods and Services Act, 2017, GST Assessment means determination of tax liability as per provisions of CGST Act, 2017 and it includes self-assessment, provisional assessment, re-assessment, summary assessment and best judgments assessment etc. Types of assessment under GST (1) Self-Assessment (section-59) (2) Provisional Assessment (Section-60) (3) Scrutiny of […]
Quick note on 28th GST Council meeting, which has reviewed around 46 proposed amendments in GST Act 2017 and recommended the following amendments ;
Article presents summary of Changes Proposed in GST Law by 28th GST Council in its meeting held on 21st July 2018 which includes Changes in Rate of GST on Goods and Services, GST Migration Facility till 31st August 2018 with late fee waiver, Increase in Composition Limit, Input Credit Law, Changes in GST Reverse Charge […]
Three types of audit are envisaged under GST- 1. GST Audit u/s 35(5) of GST Act, if turnover exceeds Rs. 2 Crore 2. GST Audit by tax authorities 3. Special GST audit on direction from department u/s 66.
Where assessee was unable to file Tran-1 form within due date owing to technical glitches in GST website and could not avail of Cenvat credit, the assessee was granted liberty to approach to concerned nodal officer who was directed to look into the issue and facilitate the uploading of Form TRAN-1 without reference to any time frame
The Ministry of Corporate Affairs vide its notification dated June 13, 2018 introduced the Companies (Significant Beneficial Owners) Rules, 2018 with the intention of identification of Significant Beneficial Owners who required to comply with certain formalities as per the above-mentioned rule. Applicability of Companies (Significant Beneficial Owners) Rules, 2018 Companies (Significant Beneficial Owners) Rules, 2018 are […]
