Article explains Process for making Request for Nil/Lower Deduction/Collection Certificate (Form 13) in Offline Mode for Resident (Covered under Rule 28AB of Income Tax Rules, 1962) and Resident (Not Covered under Rule 28AB). It further explains Important information on Offline “Request for Form 13, Brief Steps of Offline Request for Form 13, Description for requested […]
Hello friends in the current article we will discuss about implications of GST for housing societies. Housing societies are entities registered under the Co-operative laws of respective state or union territories. According to various laws in place ‘Housing societies’ means a society the object of which is to provide its members provide its members with […]
Point No.14 of Part IV of GSTR-9C provides for reconciliation of ITC declared in Annual Return (GSTR-9) with ITC availed on expenses as per audited Annual Financial Statement or books of account. The total ITC availed during the year has to be bifurcated on the basis of heads like purchases, freight/carriage, power and fuel, imported […]
No Automatic Refund of IGST Stringent Systems Put in Place to Detect Fraudulent Refund Claims by Exporters As per Sec 16. (3) of IGST Act, Exporters of Goods or Services are allowed to Export under Two Options 1. Export Without Payment of GST under Bond / LUT & Claim ITC Refund 2. Export On Payment […]
Article discusses Basic Documents required for Annual Return Form GSTR 9 which includes Documents Related to outward supply for Annual Return Form GSTR 9, Documents Related to Inward supply (RCM Applicable) for Annual Return Form GSTR 9, Documents Related to Input Tax Credit for Annual Return Form GSTR 9, Documents Related to HSN Summary for […]
The Goods and Services Tax is now going to complete almost two years in our country. Hon’ble Prime Minister Sri Narendra Modi and Hon’ble Finance Minister Sri Arun Jaitley had taken a bold step and implemented this tax system in our country from 01st July’2017. This was indeed a difficult endeavor. Today, we have reached […]
Chartered Accountants’ Certificate on Return of Deposit (Form DPT 3) under clause (31) of section 2 and section 73 of Companies Act, 2013 read with Rule 2(1) (c ) and Rule 16A of Companies (Acceptance of Deposits) Rules, 2014 along with Companies (Acceptance of Deposits) Amendment Rules, 2019.
The Government had inserted the Rule 138E vide Notification 74/2018 Central tax Dated 31st December 2018. Subsequently CBIC had notified 21 June 2019 as the commencement date for provisions of CGST Rule 138E, vide CBIC Notification 22/2019 Central Tax dated 23rd April 2019. The purpose of this rule is to ensure timely compliance by GST […]
Hello friends in the current article we will discuss about various issues involved during generation of UDIN by a practicing Chartered accountants. 1. Multiple reports under one assignment. Whether to issue multiple UDIN or one? In case there are multiple reports under single assignment undertaken by a member then there is no requirement of multiple […]
Striking off the name of the Company after the introduction of Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2019 Ministry of Corporate affairs has become very aggressive nowadays for the compliance and to cut down the shell companies they had introduced many new initiatives like Director KYC, Registered office […]
