GST Audit shall be conducted by a Chartered Accountant (CA) or a Cost Accountant if the turnover of the taxable person crosses the threshold limit.
GST GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul’17 – Jun’18)- Jul 31st, 2018 GSTR-4 (Apr-Jun, 2018)-Jul 18th, 2018 GSTR-5A (Jun 2018)-Jul 20th, 2018 Quarterly return for registered persons with aggregate turnover up to Rs. 1.50 Crores- GSTR-1 (Apr-Jun, 2018)-Jul 31st, 2018 Turnover exceeding Rs. 1.5 Crores or opted to file […]
Applicability Every registered person who causes movement of goods of consignment value exceeding 50,000 rupees ➢In relation to supply; or ➢For reasons out of state supply; – sales returns; stock transfer; movement for job work etc. Or; – due to inward supply from unregistered person shall, before commencement of movement, furnish information relating to the […]
Article compiles Section wise TDS Rates / TDS Rate Chart for Financial Year 2018-19 or Assessment Year 2019-20 with Nature of Payment, Threshold Limit and Percentage TDS rate applicable to Individual, HUF and to other category of Assessees. Section Nature of Payment Threshold Rs Indv / HUF TDS Rate (%) Others TDS Rate (%) 192 […]
GSTR-3B application has been simplified by the GSTN. Following are the key changes in GSTR-3B return filing form. 1. Tax Payment:In the revised version of the form, the public can see whether the tax liability is being paid by cash or credit in tax liability, before submitting the form. But in the earlier filling, a […]
a brief summary on budget , what changes done in sector wise and its effects. Standard Deduction of Rs 40,000 for salaried employees*. However benefit of transport allowance of Rs 19,200 and Medical Reimbursement of Rs 15,000 under Section 17(2) are being withdrawn. Thus net benefit to salaries class only Rs 5,800.
E-Way bill will be implementing from today i.e 01-02-2018 in all over India. Article covers FAQs on Who is responsible for E-way Bill, what type of supply is cover under E-Way Bill, what Amount is cover under E-Way Bill, How Many part file in E-way Bill, What is the limit to fill in Part B […]
E-way bill under GST is an electronic way bill for movement of goods which can be generated on the GSTN. E-Way Bill under GST is mandatory for the ‘movement’ of goods of more than Rs 50,000 from 1st Feb 2018.
RERA Act came into force with effect from May 1, 2017. Under the RERA Act, the Karnataka Real Estate Regulation and Development Rules, 2017 was approved by Government of Karnataka and notified on July 10, 2017. Its objective is to reform the real estate sector in India, encouraging greater transparency, citizen centricity, accountability and financial discipline. This is in line with the vast and growing economy of India as in future many people will be investing in real estate sector.
When E-Way Bill Generated:Every registered person whose movement of goods of consignment value exceeding fifty thousand rupees In relation to a supply; For reasons other than supply Due to inward supply from an unregistered person.
