We all have heard about the Mr. Manager of a company. A Manager is a person who manages or is in charge of something. Managers can control departments in companies, or guide the people who work for them. Managers must often make decisions about things. The manager is responsible for overseeing and leading the work of a group of people in many […]
GST updates: ITC Invoice wise detail in Excel zip format available in Table 8A of GSTR-9 on GST Portal A New Tab has been enabled in GST Portal ‘Download Table 8A Document Details’ while filing GST Annual Return. A list of invoices appearing in GSTR-2A auto-populated by the GST Portal in Table 8A of GSTR-9 […]
In this particular write up, I would like to discuss and to cover all the relevant aspect of ITC under GST to the best of my understanding and per the present legal scenario, ITC is one of the most important and most debatable topic under new tax regime i.e. GOODS and SERVICE TAX, it plays […]
FCGPR is required to be filed with the RBI for issue of shares through Bonus/Right issue by an Indian company to a person resident outside India/body corporate incorporated outside India. Website: https://firms.rbi.org.in/firms/ Due date for filling: Within 30 days from the date of issue of shares TYPE OF REGISTRATION: Entity User Registration- (If an entity […]
Functionality to file GST Registration Revocation Application under Removal of Difficulty Revocation of Registration Applications: Taxpayers can now file application for revocation of cancellation of registration, again, if previous revocation application is rejected. This is in pursuance of ROD Order no. 01/2020, dated 25.06.2020. In view of the Removal of Difficulty Order No. 01/2020 dated […]
i. All travelers should submit self-declaration form on the online portal (www.newdelhiairport.in) at least 72 hours before the scheduled travel. ii. They should also give an undertaking on the portal that they would undergo mandatory quarantine for 14 days i.e. 7 days paid institutional quarantine at their own cost, followed by 7 days isolation at home with self-monitoring of health.
e-invoice is supposed to be rolled out from 1st April 2020 but the same has been postponed to 1st Oct 2020. The threshold for the rollout of e-invoice has been increased to Rs 500 Crores on account of the pandemic like situation and also excluded the issue of e-invoice by the taxpayers registered under SEZ. […]
The tax systems in India have been rapidly changing and evolving over the last few years with the implementation of the Goods and Services Tax. A timely refund mechanism is essential in any tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion, and modernisation of existing business. The […]
Sec 80EEA- Deduction in respect of Interest Payable on Loan taken for residential property Assessee is an Individual and taken a loan for purchase of a residential property, here is the benefit on interest payable over and above deduction claimed u/s 24(b). The above Section 80EEA is inserted by Finance Act, 2019 w.e.f 01.04.2019. 1) […]
DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News ♦ CBDT extends due date for Income Tax Returns for FY 2018-19 from 31st July 2020 to 30th September 2020 (Notification no. 56/2020 dated 29th July 2020). ♦ CMDT amends rule 31a and form 26Q from 3rd July 2020 w.r.t. providing certain information related to cash withdrawals […]
