ser Archive - 27 April 2019

"27 April 2019" Archive

Clarification On Manner of Utilizing Input Tax Credit (ITC)

The Government has issue a clarification on manner of utilizing input tax credit w.e.f. 29.03.2019 [As clarified by CBIC Circular No. 98/17/2019-GST dated 23.04.2019] because GSTN does not have updation for the new manner of taking credit....

Read More

Provision and Procedure related to Provisional GST Assessment

Every one may have question why there is requirement of Provisional Assessment under Law. In this it is to be better understand by the entity who has paid magnificent amount of Tax just due to – Improper Valuation – Falling to Determination of Accurate rate – Falling to Determination of Place of Supply – Procedural...

Read More

Salary reimbursement not taxable “Manpower recruitment”

This is with reference to Supreme Court judgement dated 11-04-2019 in case of Nissin Brake India Pvt. Ltd where the transaction between  the Indian entity and parent company with respect to deputation of its employees in India was discussed and the decision pronounced by the CESTAT (Delhi) was upheld by the apex court. Facts of […...

Read More

Decoding Applicability of GST Audit – GSTR-9C

Finally after a long waiting period GSTR-9C was been released and made available on GST portal on 14th April 2019 as a Tamil New Year gift to the nation. Last date for filing GSTR-9C along with GSTR-9 is 30th June 2019, though words repeatedly used in relation to filing of GSTR-9 and GSTR-9C is “along […]...

Read More

Income Tax Calculator for FY 2018-19 in Excel for Salaried Individuals in India

Income Tax Calculator for Financial Year 2018-19 in Excel for Salaried Individuals in India Though I am uploading the Tax Calculator after the end of the Financial Year, this may be useful to cross verify the figures while filing the ITR and you may want  to include the Income from House Property, Income  from Capital […]...

Read More

MSME Compliance – MSME Form I

Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this Notification....

Read More

GST Impact Analysis on Non Resident Taxable Person

REGISTRATION ´First of all lets start from the simple definition as per Section 2(77) of CGST Act, 2017 of “Non Resident Taxable Person” which means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place [&he...

Read More

E-book on In-depth Analysis of ITRs AY 2019-20

It’s my pleasure to publish this e-book on In-depth Analysis of I T Returns AY 2019-20. This e-book is an attempt to summarize the relevant changes in All ITRs except ITR-7. Comments are also given at relevant points regarding logic of introduction or omission of some parts in ITRs.  Some drafting mistakes in ITRs are […]...

Read More

Corporate etiquette for company secretaries

Corporate Etiquettes You never get a second chance to make the first impression!!! INTRODUCTION Etiquette has to do with good manners. It’s not so much our own good manners, but making other people feel comfortable by the way we behave. “The conduct or procedure required by good breeding or authority to be observed in social [&hel...

Read More

Interest under GST -“Gross Tax Liability”

This is with reference to judgment of Hon’ble Telangana High Court in the case of M/s. Megha Engineering & Infrastructures Ltd. v. Comm. of Central Tax, wherein, the petitioner filed a writ petition against the demand of interest for delay in filing GSTR 3B returns, on the ground that interest is to be calculated only on the ...

Read More