Ensure timely GST compliance by opting for the Composition scheme for the financial year 2023-24 before March 31, 2023. Conduct thorough GST reconciliation for sales and ITC claims, including checks on GSTR-1, GSTR-3B, and GSTR-2B. Address any discrepancies, reconcile invoices, and ensure correct categorization. Additionally, consider the option for GTA to pay GST under the forward charge and submit the necessary form by March 15, 2023. Stay updated and compliant with GST regulations.
A Company Secretary can comprehensively interpret the law of GST and provide complete guidance and advisory to the business entities. Company Secretaries are more suited for their services because of their knowledge of laws and good communication skills.
GSTN keeps issuing advisories and new functionalities to upgrade the portal and for ease of taxpayers. Recently, it issued advisories on forward charge option for GTAs, geo-coding address and new invoice portal.
This report summarizes our procedures, findings, and recommendations as it relates to our assistance with the evaluation of bookkeeping, records and internal control irregularities at Company in determining the fraud risk and the amount involved therein.
Explore the Supreme Courts landmark judgment in the Ecom Gill case on Input Tax Credit (ITC) under GST. Uncover implications, legal analysis, and conditions for availing ITC. Stay informed about the burden of proof, the Karnataka VAT Act, and the comparison with GST laws.
Discover the implications of the Companies (CSR Policy) Amendment Rules 2021 with a critical analysis. Uncover changes in CSR activities, definitions, and spending rules. Explore the impact on ongoing projects, administration overheads, CSR committee responsibilities, reporting, and penalties for non-compliance. Stay informed about the amendments and their effect on CSR expenditure, governance, and disclosure.
Sec 10(10D) provide exemption with respect to any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, where premium payable for any of the year during the tenure of the policy
Explore the intricacies of Presumptive Taxation under the Income Tax Act of 1961, focusing on Sections 44AD, 44ADA, and 44AE. Delve into a critical analysis, understanding the schemes applicable to residents in India. Discover the criteria for eligibility, consequences of opting for presumptive taxation, and the quantification of presumed income. Uncover the nuances of each section and gain insights into the implications for businesses, professionals, and carriage owners.
MCA and SEBI recognize the importance of having women on the Board of directors to promote good corporate governance, accountability, and credibility. To ensure gender equality in top management positions, they have made it mandatory for certain classes of companies to have at least one female director.
NRIs/ OCIs living abroad for business, work or education can open a bank account in India. Banks in India offer numerous ways to apply for NRI accounts from the comfort of their home abroad.
