Clarification regarding definition of the “accounting year” in section 286 of the Income Tax Act, 1961 vide Union Budget 2019 Section 286 of the Act contains provisions relating to specific reporting regime in the form of Country-by-Country Report (CbCR) in respect of an international group. It provides that every parent entity or the alternate reporting […]
Under section 194DA of the Act, a person is obliged to deduct tax at source, if it pays any sum to a resident under a life insurance policy, which is not exempt under sub-section (10D) of section 10. The present requirement is to deduct tax at the rate of one per cent. of such sum […]
Aligning with the ideals of Mahatma Gandhi, the Swachh Bharat Mission (SBM) was initiated in 2014 to achieve universal sanitation coverage by 2 October 2019. This flagship programme is, perhaps, the largest cleanliness drive as well as an attempt to effect behavioural change in the world ever.
While MGNREGS was made effective from 2006, the streamlining of the programme occurred in 2015 when the government harnessed the benefits of technology. This, inter alia, included the implementation of Direct Benefit Transfer (DBT) and linking it Aadhar linked Payments (ALP).
Energy is vital for development and prosperity of any economy. India, however, lags behind significantly in energy usage: despite accounting for 18 per cent of world’s population, India uses only around 6 per cent of the world’s primary energy. Energy poverty has been more pervasive in India than income poverty: 53 per cent of our population could not access clean cooking in 2017 when compared to 30 per cent for China, four per cent for Brazil and less than one per cent for Malaysia.
s per the provisions of Section 73(5) of the CGST Act, 2017, where any GST has not been levied or paid or has been short levied or short paid or erroneously refunded, the person, chargeable with the GST , may pay the amount of such duty before service of notice on him under sub section (1) of Section 73 and inform the GST officer in writing in terms of sub section (5) of section 73 , who, on receipt of such information shall not serve any notice in respect of the amount so paid;
Check list for Audit of Traders 1. INVOICING PATTERN: 1. Whether the invoice issued contains all the information prescribed in Rule 46 of CGST Rules and is being numbered accordingly 2. Whether revised invoice or credit note or debit note issued contains all the information prescribed in Rule 53 of CGST Rules 3. Whether the […]
CHECK LISTS FOR COMPOSITE DEALER which includes To check whether turnover is under prescribed limit or not as P & L account provide turnover of all business related to a PAN, To check Break up of Sales/Revenue from operations with regard to income from Supply of Goods or Services with regard to study of exclusion […]
Form GST ADT – 02 [See rule 101(5)] Reference No.: Date: To, ————————– GSTIN ……………………………….. Name …………………………………… Address …………………………………. Audit Report No. ……….. dated …….. Audit Report under section 65(6) Your books of account and records for the F.Y……………… has been examined and this Audit Report is prepared on the basis of information available / […]
Seeks to extend levy of anti-dumping duty till 27.10.2019, on imports of Paracetamol originating in or exported from china PR, extended vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018, in pursuance of order of Hon’ble High Court of Gujarat in the matter of SCA 5278/2019. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification […]
