The GST Council on his 31st Meeting has given a big relief to all taxpayers who are required to file GSTR-3B and GSTR-1 and GSTR-4 accordingly , from payment of late fee after due date of respective form, on the council recommendation CBIC has issued notification no 75/2018-Central Tax ,dt. 31-12-2018 for GSTR-1 , notification no. 76/2018-Central […]
As per Section 18 of CGST Act, there are possibilities and conditions for the availability of input tax credit in special circumstances as below: (a) Availability of Input tax credit in case of Compulsory Registration When a person becomes liable to registration and he has applied for registration within 30 days from the date he […]
The CBIC has issued Notifications related to recommendations made during 31st Meeting of the GST Council. 1. Order No. 2/2018: The due date for availing ITC on the invoices or debit notes relating to such invoices issued during the FY 2017-18 extended till 31st March, 2019. 2. Order No. 3/2018: The due date for furnishing […]
1. Introduction One of the most important assets in business is the employees that are working in the company and having employees who are best at their work is not an easy task. Different organizations have to go through a phase called recruitment which is an initial process used before employee selection and through this […]
Indirect Taxes Updates GST, Customs, Excise, Service Tax & VAT Month – December 2018 The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. The council has proposed reduction of tax rates for serval items, legislative amendments and other changes relating to extension in dates and […]
Names of Audit Firms approved for appointment as Statutory Central Auditors in 21 Public Sector Banks for the year 2018-19 which includes Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of […]
