"Practicing Chartered Accountant working in the field of Goods & Services Tax & Real Estate (RERA) Consultancy in Rajasthan."
Cause 44 of form 3CD requires Total amount of expenditure incurred during the year, Expenditure in respect of entities registered under GST, Expenditure related to entities not registered under GST
In exercise of the powers conferred by section 84 of the Real Estate (Regulation and Development) Act, 2016 (Central Act No. 16 of 2016), the State Government, has made the Rajasthan Real Estate (Regulation and Development) Rules, 2017 enacted from May 1, 2017. FORMS (Link to download forms – http://rera.rajasthan.gov.in/Home/DownloadForm) Form A (see rule 3(2)):- […]
Real Estate (Regulation & Development) Act, 2016 Objective To establish the Real Estate Regulatory Authority. Regulation and Promotion of the Real Estate Sector; To ensure sale of plot, apartment or buildings or sale of real estate project in an efficient and transparent manner; To protect the interest of the consumers in real estate sector; To […]
Government of India has enacted the Real Estate (Regulation and Development) Act 2016 and all the provisions of the Act have came into force with effect from May 1, 2017. Under this Act, Government of Rajasthan has notified the Rules namely Rajasthan Real Estate (Regulation and Development) Rules, 2017. The State Government, vide its Order […]
Introduction For the purpose of computation of GST on second hand goods let us divide the second hand goods into 2 parts:- 1. Second hand vehicles 2. Other Second hand goods Concept of Margin Scheme under GST In GST law the outward tax is always payable on the Sale Value of goods sold, like in […]
After around 1.5 years of GST implementation, there are still lots of areas which are not clear. One such area is the income earned by a youtuber. With data costs so cheaper and the emergence of the 4G network it has become much easier for the people to make and publish videos. A youtuber earns […]
MCA has notified the National Financial Reporting Authority (NFRA) Rules, 2018, which inter-alia includes provisions relating to Classes of companies to be governed by NFRA along with its Functions and duties, ICAI to Recommend and NFRA to monitor and enforce compliance of accounting/ auditing standards. Besides, NFRA has been empowered to issue directions to any auditor for taking appropriate measures to improve audit quality, etc.
The entire reconciliation statement in the form GSTR 9C has been divided into the following Parts namely: 1. Basic details. 2. Reconciliation of turnover declared in the audited Annual Financial Statement with turnover declared in Annual Return 3. Reconciliation of tax paid Reconciliation of Input Tax Credit (ITC); and lastly 4. Auditor’s recommendation on additional […]
Central Government has introduced 4 GST amendment bills in Lok Sabha on Eighth August 2018 which are 1. CGST (Amendment) Bill 2018 2. IGST (Amendment) Bill 2018 3. UTGST (Amendment) Bill 2018 and 4. GST (Compensation to States) Amendment Bill 2018. Key highlights of the Central Goods and Services Tax (Amendment) Bill 2018 1. Scope of Supply […]
The taxability and availability of Input Tax Credit on Gifts and donations have always been a matter of discussion and confusion. With the implementation of GST, the term gift has become a buzzword. The gifts are provided by the company for the purpose of advancement of business or for sales promotion.
