"01 September 2019" Archive

49.29 Lakh ITR Filed in a day without any Technical Issue- History Created

Income Tax department made history with a quantum jump in the e-filing of Income–Tax Returns With an All time high record of 49 lakh 29 thousand and 121 ITRs filed in a single day on 31st August 2019. The Income Tax department has made history with a quantum jump in the e-filing of Income–Tax Returns […]...

Read More
Posted Under: Income Tax | ,

GST Revenue collection for August 2019 falls below One Lakh Crore

GST Revenue collection for August, 2019 – ₹ 98,202 crore of total gross GST revenue collected in August The total gross GST revenue collected in the month of August, 2019 is ₹ 98,202 crore of which CGST is ₹ 17,733 crore, SGST is ₹ 24,239 crore, IGST is ₹ 48,958 crore (including ₹ 24,818 crore collected […]...

Read More
Posted Under: Income Tax |

Corporate Compliance Calendar – September 2019

CORPORATE Compliance CALENDAR  covers Compliance under Income Tax act, 1961, Compliance under Goods & Services Act, 2017, Compliance under Other Statutory Laws (PF, ESIC, Under Factories Act, 1948 and Contract Labour Regulation and Abolition Act, 1970 )  and Quarterly Compliances under SEBI (LODR) Regulations 2015....

Read More
Posted Under: Income Tax | ,

FSSAI Registration Process and Types

FSSAI Stands for Food Safety and Standards Authority of India. It is an autonomous body established under the Ministry of Health & Family Welfare, Government of India in the year 2006 with the motive to provide food safety license to every food business operating in India. FSSAI makes sure that the food business runs with […]...

Read More
Posted Under: Income Tax |

Important FAQs on Real Estate Sector – GST

Question: What are the rates of GST applicable on construction of residential apartments? Answer: With effect from 01-04-2019, effective rate of GST applicable on construction of residential apartments by promoters in areal estate project are, for construction of affordable residential apartments –1% without ITC on total considerati...

Read More
Posted Under: Income Tax |

Documentation under GST audit

Audit documentation is the written record (including electronic record) prepared during the course of audit which forms foundation for auditor’s in preserving the various observations identified during the audit, acts as a proof of performance of audit and safeguard the auditor at the time of dispute. Besides, documents are keys to dete...

Read More
Posted Under: Income Tax |