"21 March 2021" Archive

Penal Aspects Related with GST (Latest and simplest)

I hereby want to discuss some of the penal aspects with respect to GST with special focus to latest amendments in the GST Acts and Rules. GST is one of the important Indirect tax of India. But, the non-compliance of the GST will attract penal provisions under CGST ACT, IGST ACT and respective SGST ACT/UTGST […]...

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Company Compliance Forms List For F.Y. 2020-21

As a Financial Year end is approaching on 31st March, 2021. A company management is required to make sure to comply various compliances on time from 1st April, 2021. The Companies Act 2013 read with relevant rules governs various provisions which a company is required to comply. And omitting to file any of mandatory compliance […]...

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Judicious Software for Increasing GST Compliances

With the increasing compliances, there grows the need for a safe and sound system and ERP software which can automatically take care of the future notices, audit and other queries. With Increasing GST Compliances and new technological changes, now there arises the need to minimize the financial stress and mental stress by increasing the u...

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Taxpayers are free to utilise ITC available in their credit ledger

Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages asking taxpayers to discharge  'maximum tax liability' in 'cash' in order to ensure that targets for revenue collection from GST  for the financial year are met....

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May 2022