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Rachit Bhandari

Latest Posts by Rachit Bhandari

ROC Compliances List Under Companies Act, 2013

September 7, 2020 10797 Views 1 comment Print

ROC Compliances List Under Companies Act, 2013 provides list of forms, Purpose of filing of such forms, Type of Companies to whom these forms are applicable, Financial Year for which these forms needs to be filed and last date to file such e-forms. Forms which need to be filed are Form AOC-4 & MGT-7, Form […]

5 Upcoming Changes on GST Portal- You Must Know

July 24, 2020 15018 Views 2 comments Print

1. Changes Related to GSTR-3B: – 1. Linking GSTR-1 with GSTR-3B (for the flow of liability).PDF Mail of filed GSTR-3B. 2. Linking GSTR-2A/2B & Ice-gate data with GSTR-3B for better ITC Availment. 2. Changes Related to GSTR-1: – 1. De-Linking of GSTR-1 invoices for Credit/ Debit notes. So now we can enter the details of […]

Crux Analysis of GST Liability on Directors Remuneration

April 20, 2020 1287 Views 0 comment Print

The Background on which the whole discussion of RCM Liability on Directors Remuneration is connected with the Notification 13/2017 CTR dated 28.06.2017 called as the RCM notified services list. In this list as per the entry number 6 of this notification services supplied by a Director of a company or a body corporate to the […]

Summary of 39th GST Council Meeting Decisions

March 16, 2020 14040 Views 2 comments Print

Summary of 39th GST Council Meeting Decisions taken on 14th March 2020 1. Related to Interest Liability: – Interest to be charged on Net Cash Liability (retrospective amendment from 01.07.2017) Earlier the department had issued Lacs of Notices involving the Penal Interest running in thousands of crores demanding Interest on Gross Amount. Now, this controversy […]

GST Version 2.0-New GST Returns

February 18, 2020 10839 Views 1 comment Print

The Modi Government is coming up with the various new changes in the GST Regime including the New GST Returns and the concept of E-Invoicing. Both the E-invoicing and the new GST returns have direct linked with each other. Successful of both depend on each other how they perform after there final roll out in […]

GST Revalidation: Solution to get the Unprocessed Refund

September 8, 2019 7743 Views 1 comment Print

Since the inception of GST, there are various mistakes done by the Assesses in filing GST returns, offsetting outward Liabilities and the creating of Challan. The most common mistakes done by the Assessee as well as the taxpayer is creating the wrong challan amount. For example, instead of SGST head, the cash has been deposited […]

ITC of Motor Vehicles can be claimed now

July 27, 2019 282639 Views 25 comments Print

Finally the Truth Reviled!!!! Whether ITC of CAR/ Truck can be eligible???? Various notifications, Circulars, and Articles issued by various entities regarding the Input Tax Credit on Motor vehicles/ truck does not provide us the crisp information whether the Input Tax Credit is eligible or not. Finally in the CGST Amendment Act, 2018 which is […]

All About GST PMT- 09: An Urge of Taxpayers Comes True

July 13, 2019 31203 Views 4 comments Print

PMT 09 consists of minor and major heads. You can mention the amount of tax you wish to shift as in the details of the amount to be transferred from one account head to another. The reallocation of tax can be from major head to minor head and vice versa.

GST Audit basic Document Requirements

May 28, 2019 14034 Views 2 comments Print

GST Audit Document Requirements for GST Audit of Financial Year 2017-18. ♦ Audited Financial Statements ♦ Purchases Bill from 1st July 2017- 31st March 2018 ♦ Sales Bill from 1st July 2017- 31st March 2018 ♦ Refund documents (if applied for) ♦  GSTR 3B of all Months from 1st July 2017- 31st March 2018 ♦ […]

Latest Updates on GST Portal that we are need to be Aware of

May 18, 2019 24267 Views 2 comments Print

There have been several new updates on the GST portal over the last six months. The GST portal keeps rolling out new updates to help taxpayers file their returns more smoothly and effectively. Taxpayers need to stay up-to-date to avoid missing out on vital compliances, which in turn would prevent notices being issued to them. […]

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