As we are aware, the due date for filling GSTR 9 and GSTR 9C for F.Y 2018-19, is 30th September 2020 according to Notification No. 41/2020 – Central Tax dated 5th May 2020 and we humbly requests CBIC to extend the due date of filling GSTR 9 and GSTR 9C for Financial Year 2018-19 up […]
A person can open two accounts under National Pension System (NPS). The main account is called Tier I account and an additional account is labelled as Tier II account. Let us understand about both of these accounts. Features of Tier I NPS account: Tier I is the default and proper pension account under NPS. This […]
A Company may issue Bonus Shares out of- its free reserves; Securities Premium Account; Capital Redemption Reserve Account. Further, it has been provided that Issue of Bonus Shares shall not be made out of Capitalising Reserves created out of revaluation of Reserves. Free Reserves means such reserves of the Company which is available for distribution as Dividend.
AS PER THE PROVISIONS OF GST ACT FOLLOWING SECTIONS NEED TO ANALYSIS AND INTERPRET FOR GST REGISTRATION Liability for Registration (Section 22) : According to Section to 22(1) of the CGST Act, 2017, If the Supplier makes a taxable supply of goods or service or both from his State or Union territory and his aggregate turnover in a financial year exceeds 20 lakhs rupees, he shall […]
The retrospective applicability of Benami law has been a subject matter of controversy, particularly after the amendments introduced in year 2016. In this article, an attempt is being made to identify and analyse various issues involved, and discuss the present judicial stand on such issues pending final verdict by Hon’ble Supreme Court. A) Introduction: Originally, […]
Below is the text of Representation to Minister of Finance requesting extension of due date for holding Annual General Meeting (AGM), under the Companies Act. 2013 for companies whose Financial near has ended on 31.03.2020 by 5 leading Associations of Chartered Accountants in India. Date: 26.08.2020 Smt. Nimtala Sitharaman, Hon’ ble Minister of Finance & […]
Reverse Charge Mechanism (RCM) under Section 9(4) of the CGST Act, 2017 and recent Notification No. 07/2019- Central Tax (Rate) dated 29th March 2019 effective from 1st April, 2019 The provision that has gathered maximum attention for its ability to create significant stress and nuisance would clearly be Section 9(4) of the Central Goods and […]
आईये बहुत ही आसान भाषा में समझें कि जीएसटी में सामान्य तौर पर जो सप्लाई होती है वह राज्य के भीतर की सप्लाई है या अंतरप्रांतीय सप्लाई है, इसका निर्धारण किस तरह से किया जाता है . यह लेख अपवादों को छोड़ते हुए होनी वाली सामान्य सप्लाई से सम्बंधित है और इस प्रकार की सामन्य सप्लाई के अपवाद और उससे जुडी हुई जटिलताएं का अध्ययन हम आने वाले दिनों में किसी और लेख में करेंगे. इस लेख में भी कहीं कहीं हमने कुछ अपवादों की चर्चा जरुर की है लेकिन वे सभी नहीं हैं इसलिए इसके लिए हम एक और लेख का प्रयोग करेंगे.
Form 26AS is a consolidated annual tax statement that earlier included information on tax deducted/collected at source, advance tax, self-assessment that was available on the Income Tax website against a taxpayer’s Permanent Account Number (PAN) and was known as the tax credit statement.
Urban Systems Vs Union of India (Gauhati High Court) It is an agreed position of the parties that the petitioner may make an application to the appropriate respondent authorities to consider the claim of benefit under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 by allowing the petitioner to make necessary correction in the information […]
