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Hitesh Aggarwal

Latest Posts by Hitesh Aggarwal

Bar Codes Vs QR Codes

May 19, 2023 972 Views 0 comment Print

Bar codes and QR codes are two of the most commonly used technologies in today’s world for storing and retrieving information. Bar codes have been around since the 1970s, while QR codes were initially developed in 1994. Both of these codes have their unique designs, structures, and applications.

Tagging of Fixed assets

September 16, 2022 7278 Views 0 comment Print

Discover the importance of asset tagging for businesses in tracking and managing fixed assets. Learn about different types of asset tags, such as barcodes, QR codes, RFID tags, GPS trackers, and NFC tags, and how they contribute to theft prevention, maintenance schedules, and real-time tracking. Find out the significance of data gathered in a digitized asset register, including location, users, purchase history, maintenance schedules, and depreciation value. Ensure a comprehensive tagging process for a holistic view of owned assets with data cleaning, uploading, initial tagging, and updating of Fixed Asset Registers (FAR).

Fixed Assets Management – Legal Compliances

September 12, 2022 7095 Views 0 comment Print

Whether the company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment.

Time of Supply of goods and Services under GST- Tabular Analysis

May 4, 2020 1845 Views 0 comment Print

Time of Supply of goods and Services under GST (TOS) Explained in Tabular Format. Section 12 of the Central Goods and Services Tax Act, 2017 deals with Time of Supply of goods and Section 13 deals with Time of Supply of Services under GST. Article explains the Provisions related to Time of Supply under GST […]

Applicability of GST on additional/penal interest on delayed payment

June 30, 2019 6720 Views 0 comment Print

Commentary on Circular No. 102/21/2019 – GST dated June 28, 2019 regarding the applicability of GST on additional/penal interest on delayed payment charges in case of late payment of Equated Monthly Instalments (EMI) Entry 5(e) of Schedule II of the Central Goods and Services Tax Act, 2017 “Agreeing to the obligation to refrain from an […]

New GST Return Forms- GST RET-1, GST RET-2 and GST RET-3

June 28, 2019 23571 Views 2 comments Print

New GST Returns. 1. Firstly if the Turnover during the preceding financial year is more than Rs. 5 Crores, then the assessee by default has to file monthly returns. 2. If the Turnover is less than Rs 5 crores then the assessee has an option available to choose Monthly or Quarterly Returns. 3. If you have […]

Section 31(1): Time for issuing GST Invoice for supply of goods

June 26, 2019 8460 Views 1 comment Print

Where the Supply Involves Movement of Goods Before or at the time of removal  of goods for Supply to the Recipient When the movement is caused by the supplier, the point of removal will arise when the goods are dispatched from the place of business of the supplier. So Invoice is required to be issued […]

Interstate office Services Come under GST Net

June 26, 2019 3150 Views 2 comments Print

Supply of Services – Involvement of Employee It is possible that the employees of the HR Department at the Head Office hiring personnel for branches. It is also possible that the employees at the branches carry out liasoning work and procure orders. Goods against such orders are directly dispatched to the customer from the factory. […]

Aggregate Turnover Definition and Analysis under GST

June 17, 2019 20940 Views 0 comment Print

The phrase aggregate turnover is widely used under the Gst laws. Aggregate turnover is an all-encompassing term covering all the supplies effected by a person having the same PAN.

Implication of Change in GST Rate on Supply of goods or Services

June 17, 2019 2745 Views 0 comment Print

Article discusses Implication of Change in the Rate of Tax (GST) In case the goods or Services or both have been supplied before the change in the rate of tax, In case the goods or Services or both have been supplied before the change in the rate of tax, In case the goods or Services […]

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