1. GSTR 1 RELATED ‘AMENDMENTS’ FOR OF 17-18 AND 18-19 ♣ If you have made export with payment of Taxes and IGST refund has not been received then You might need to amend your export details in TABLE 9A ♣ If counter party is not able to find our sales invoice in his GSTR 2A […]
We had COMPOSITION scheme for GOODS manufacturer or trader – at 1% . Also we already had COMPOSITION scheme for RESTAURANT SERVICE supplier – at 5%. Now we have , COMPOSITION SCHEME FOR SERVICE PROVIDER OR GOODS + SERVICE PROVIDER – at 6% for First 50 lacs w.e.f. 01-04-2019. Notification No. 2/2019-Central Tax (Rate) To […]
BRIEF – Here is list of tasks as far as GST is concerned that you should complete before you file March 19 GSTR 3B & GSTR 1 1. GSTR 1 RELATED AMENDMENTS FOR OF 2017-18 AND 2018-19 > If you have made export with payment of Taxes and IGST refund has not been received then You […]
Complete these important income tax tasks before 31-03-2019. Pay advance tax, claim deductions, and fulfill obligations for a smooth tax season.
Analysis of ITC of / In Respect of Motor Vehicles CGST (Amendment) Act, 2018 as well as CGST Act, 2017 have been amended respectively for the first time since the implementation of GST in our Country. Section 17(5) gives us the cases of blocked credit – any goods or services which are getting covered under the […]
FMCG PE = > AN EASY TO REMEMBER “SHORT FORM “ FOR BLOCKED CREDIT UNDER GST BLOCKED INPUT TAX CREDIT As per amended section 17 of CGST Act which is applicable from 01-02-2019, A registered taxpayer is not entitled to avail of the credit of taxes paid in respect of certain goods or services, even […]
IN THE PREVIOUS ARTICLE , I HAVE LISTED OUT ALL MAJOR DEDUCTIONS FOR AY 2019-20. After Budget 2019 speech , Here is summary of Income Slabs & deductions under Income Tax which will be applicable from 1-4-2020 i.e for AY 2020-21 RETURN FILLING. This chart of Deductions & Slab rates will help you to plan […]
Plan your income and investments for the coming tax season with this comprehensive guide to deductions and slab rates under income tax for AY 2019-20.
Simple Automatic GST Late Fees Calculator in Excel Format for easy calculation of Late Fees Payable for late filing of Form GSTR 3B which calculates late fees under both CGST and SGST. Post is updated with Version 3 of Calculator on 25.10.2018.
It has been A year of GST and we are still figuring out exact treatment of different business transactions like Export, SEZ, Merchant Export, Import, Deemed Export etc In GST returns. These all items need to be specifically shown in GSTR 3B & GSTR 1 at respective rows. I have prepared a complete Guide for […]
