Mr. Ravneet Gill has recently joined Yes Bank on 1st March, 2019 as MD and CEO for a tenure of 3 years. However, it was rumored that the things are not going on the right track for Yes Bank, apart from already existing regulatory and corporate governance issue, the matter got even more complicated when […]
Requesting extension of filing of Annual Forms GSTR-9, GSTR-9A and GSTR-9C for a reasonable period of time to give justice to the correctness of returns considering the need for reconciliations state-wise.
Part A: While filing Form GSTR-9C on GST Portal, for issues related to using DSC, following is brought to your notice: General issues related to DSC : 1. It may be noted that only PAN based Class 2 or Class 3 DSC can be used on GST Portal by taxpayers. 2. In case you encounter […]
Key Features of New Returns as discussed in the GST Council’s 27th, 28th and 31st Meetings are as under: A. Monthly GST return: – All taxpayers (having previous year aggregate turnover exceeding 5 crore ) excluding small taxpayers and a few exceptions like lSD etc. shall file one monthly return. – Taxpayers opting for monthly […]
Working capital, which is the difference between a business’ current assets and liabilities, is a measure of the liquidity available to meet day-to-day expenses. While it is important for the functioning of every business, it is particularly crucial for small businesses whose needs may be ad-hoc in nature. For example, you may find yourself needing […]
Usually, personal loans are unsecured loans and are available for both self-employed and salaried borrowers in order to help them to meet their private expenses that are immediate and urgent in nature. As mentioned above that the personal loans are unsecured loans and can be availed quickly without any security. However, the interest rate on […]
We have launched the new Self Service Portal (SSP) for automating all forms for Students, Members and Firms, on the 28th May 2019. We are pleased to inform you that a lot of functions are working perfectly and processing / approval of the same is being done within 48 hours.
Agricultural Income is exempt under the Income Tax Act. But practically it is added to Total Income for rate purposes. High slab individuals end up paying a portion of tax on agricultural income. Same fate awaits Non-GST supply under the GST laws.
1. Refunds – Refund amount entered, while filing refund application for excess payment of tax, will get rounded off now. – Correct financial period will now be displayed in ARN receipt & Track ARN Status of Refund. – Refund filed by UN user, downloaded in PDF format, will now show period as quarterly (July-Sept/ Oct-Dec […]
M/s Onyx Designs Vs The Assistant Commissioner of Commercial Taxes (Karnataka High Court) Conclusion: In absence of any other allegations made against the purchasing dealer in the assessment orders, merely for the reason that selling dealers had not deposited the collected tax amount or some of the selling dealers had been subsequently deregistered could not […]
