The GST Council in 28th Meeting held on 21st July 2018 has approved the new simplified return forms and Process to be followed under GST. The same were released by the CBIC on 30th July 2018. Here we tried to capture the brief process and the key features of the entire return process in a tabular form for simple understanding.
Article compiles due dates of filing returns under The Apprenticeship Act 1961, The contract Labour ( R&A) Act 1970 & Rules, The Employees Provident Funds & MP Act 1952, The Employees State Insurance Act 1948 (ESIC), The Employment Exchange (CNV) Act 1959 & Rules, The Factories Act, 1948, The Maternity Benefit,1961, The Minimum Wages Act, […]
As we know, in GST, Tax is paid on self-assessment basis. Self-Assessment means determination of tax liability by registered person on his own and files the return accordingly. Now, there may be the cases, when tax is not paid or short paid on some transactions or erroneously refunded or input tax credit wrongly utilized by registered person intentionally or un-intentionally.
Every Company registered under Companies Act, 2013 or Companies Act, 1956 is required to file their Financial Statements in e-Form AOC-4 including Directors Report along with other relevant attachments (ANNUAL REPORT) and Annual Return in e-Form MGT-7 within 30 days/60 days respectively from conclusion of its Annual General Meeting (AGM). For detailed process please read Article below.
Insolvency and Bankruptcy Code, 2016 (IBC) requires the compliance of the following additional requirements for for voluntary wound up of Companies, which are not mentioned in Companies Act, 1956 / Companies Act, 2013: 1. Additional declaration by the directors that company is not wound up to defraud any person; 2. Only insolvency professional can, who […]
Article explains Procedure for voluntary Winding Up of Limited Liability Partnership (LLP) and also provides format of Draft Documents required for such voluntary Wind Up of LLP.
In this article, we shall talk about what happens in case a defective return notice under section 139(9) issued by the Income Tax Department.
Dear friends, i had cleared my CA Final exam in first attempt without taking any coaching i.e by self study only. I will share my strategy for all subjects on this platform one by one so that each one of you can take full advantage of the same. 1) Reading provisions again and again without knowing […]
GST Council approves 20% GST cashback on BHIM, Rupay transactions GST Council in its 29th meeting on Saturday (4th July 2018) decided to start a pilot project to give 20 per cent cashback of the GST paid subject to cap of Rs 100 on all UPI and USSD transactions as well as transactions made using […]
Financial reporting means reporting to stakeholders, i.e., investors, creditors, public, debt providers, governments and government agencies take care of all regulatory requirements.
