Corporate Law : Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, t...
Fema / RBI : The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with fle...
Company Law : The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% addition...
Goods and Services Tax : IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility ...
Income Tax : The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value,...
Finance : The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regula...
Corporate Law : The India–European Union Free Trade Agreement (FTA) is a comprehensive pact covering trade in goods, services, rules of origin, ...
Corporate Law : The ruling clarifies that digital processes are encouraged but not mandatory, ensuring workers rights are protected even through p...
Company Law : The law removes sector-based exclusions and extends minimum wage protection to all employees. It confirms universal coverage acros...
Corporate Law : The FAQs explain the uniform wage definition and the 50% allowance cap across all Codes. Gratuity applies prospectively from 21 No...
Corporate Law : FSSAI introduced perpetual licenses and simplified registration norms to ease compliance. The reforms reduce costs while maintaini...
SEBI : FPIs can now apply for Digital Signature Certificates directly within the CAF portal. The move simplifies onboarding and reduces p...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
Goods and Services Tax : ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior yea...
SEBI : The notice outlines detailed guidance on filing financial results under Regulation 33, covering timelines, disclosure norms, and r...
A. FAQs on Search Taxpayers using GSTIN/UIN 1. How Can I search details of registered dealer/ supplier from the GST Portal? The Search Taxpayer functionality allows you to view the profile of any other registered taxpayer at the GST Portal on entering the GSTIN/UIN. Once you enter the GSTIN/UIN and click the submit button, following […]
A. FAQs on Viewing Cause List on GST Portal Q.1 What is a cause list in GST? Ans: When an application is filed/referred or order has to be rectified by the authorities or to be declared as void ab initio, a date of hearing is issued by the Tax Official and communicated to the parties […]
Article explains When the refund application on account of Any Other ground of reason can be filed? What are the relied upon documents which I have to upload with refund application on account of excess payment of tax? To whom should I file my application with?
Who will pay GST? Answer: GST is generally paid by the supplier, i.e. the one who makes the supply after collecting it from the recipient. The supplier collects GST from the recipient of the supply as part of the consideration. However, in a few exceptional cases, the recipient, would be liable to pay GST to the Government on reverse charge basis.
A. FAQs on Filing Application for Restoration of Provisional Attachment under GST Q.1 What is Restoration of Provisional Attachment? Ans: If proceedings are pending under section 62 or 63 or 64 or 67 or 73/74 i.e. (proceedings are yet to be concluded) and Commissioner/ Competent authority is of opinion that for the purpose of protecting […]
1. Can a company secretary can be appointed as a GST Auditor? 2. Can a member who has not obtained certificate of practice, can conducts GST Audit? 3. Can a member who is in part time practice can perform GST Audit? 4. Can registered person to appoint two or more chartered accountants as joint auditors?
Article discusses Turnover for GST Audit if a Dealer in Registered in more than one State, Inclusion of Turnover of April to June 2017 for Calculation of Turnover Limit for GST Audit and Applicability of GST Audit of Audit is been carried out under other statutes like Companies Act, Income-tax Act, Co-operative Societies Act, etc.
Q.1 What is Income Tax ? Ans: It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax Law are given in the Income-tax Act, 1961.
1. What is Post GST Registration Site Visit? Post GST Registration Field Visit is a visit by the tax authorities to the premises of the taxpayer i.e. the Principal place of business or additional place of business or both, post grant of registration to the taxpayer. 2. Who will conduct the Field Visit of the […]
GST OFFLINE TOOLS 1. Taxpayer’s guide on preparing returns through offline tools Entering details in the worksheet of GST Offline Tool Ans. Download the latest version of GST Form Offline Tool from the GST portal https://www.gst.gov.in/download/returns ♦ Launch the GST form Excel based Offline Tool and navigate to worksheet Home. ♦ Enter details in each […]
