In the following article I have elaborated certain mistakes that one does un-knowingly and ultimately leads to financial crises. Here are some of the reasons due to which a person is not able to save or invest. 1. CHOOSING WRONG INVESTMENTS MISTAKES CORRECTIONS Keeping money in bank account, F.D., R.D. you might be wrong if […]
Consequent to the recommendations made by GST Council in its 42nd meeting held on 5th October,2020 the Govt. has issued a number of notifications giving effect to the recommendations. The notifications are summarised below- 1. Due dates for filing GSTR1 Notification No. 74/2020 – Central Tax dated 15.10.2020 Those registered persons who are having aggregate […]
Volkswagen Finance Private Ltd. Vs Shree Balaji Printopack Pvt. Ltd. (NCLAT Delhi) From the documentary evidence on record it is clear that no ‘Charge’ has been registered under the provisions of Section 77(1) of the Companies Act 2013, in relation to the Subject Property. The Liquidator has rightly referred to Regulation 21 of IBBI (Liquidation […]
Sometimes we wonder how creative GSTN authorities are! Ideally, GSTN was supposed to translate the GST law and Rules into the implementable reality. However, they are so creative that they have discovered something which does not even exist!!! It is a well-known fact that while drafting GST Law and Rules, Government had envisaged form GSTR-2 […]
It is an upgraded version of previous tool, this tool will convert GSTR1 and GSTR-3B files into Excel on a Monthly Basis. Format is the same as provided by the GST department, but I write it in Vertically, so that you can do the following. #Monthly Comparison of your GST Returns #Help in GST Reconciliation […]
Sub Section (1) of Section 35 of CGST Act, 2017, Sub Section (6) of Section 35 of CGST Act, 2017 & Section 36 of CGST Act, 2017 read with Rule 56 of CGST Rules, 2017 & Rule 57 of CGST Rules, 2017 governs the provisions for Accounts and other records to be maintained by registered […]
A Foreign National can start a business in India without being a Resident and one can setup up a new business in India in any of the following ways: A. Limited Company (Private Limited/Public Limited Company) B. Limited Liability Partnership (LLP) C. Branch Office or Liaison/Representative Office, Project Office A. LIMITED COMPANY A non-resident Indians […]
1. (1) These regulations may be called the Chartered Accountants (Amendment) Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.
The issue under consideration is whether the rejection of advance authorization against the shipments for fulfillment of export obligations is justified in law?
Noida Cyber Park Pvt. Ltd. Vs ITO (ITAT Delhi) Section 50C(1) of the Act, in so far as it is relevant for our purpose, prescribes that where the sale consideration received or accruing as a result of the transfer by an assessee of a capital asset, being ‘land or building or both‘, is less than […]
