GSTR 3B is a Return which is to be filled by a Regular GST Tax Payer. It contains the summary details of outward Supplies made and the details of Input Tax Credit. Usually, the due date for filling of GSTR 3B is 20 of next month but the Government can extend the due date. What […]
In the annals of history we find various events where we see that those who considered values of time reached somewhere and earned name fame & wealth. In our life value of time is more than anything else in the world. If time is lost it cannot be regained. If any other thing is lost […]
Who are recognized as Small Shareholders – Under Company Act, 2013, Small Shareholder means a small shareholder holding shares of nominal value of not more than ₹20,000. The rationale behind the inclusion of this concept in Company Act, 2013 was to protect the interest of the small shareholders, as reflected in the Statement of Objects […]
What Is HSN and its importance HSN is a short form for Harmonized System of Nomenclature introduced by the world customs organization in 1988 to identify and classify goods for levying custom duty. HSN avoids goods being classified differently in different custom zones of the various ports, thus bringing certainty to the taxation part of […]
(All about Capital markets: – Definition, Types, role of Company Secretaries etc.) Introduction: – Capital markets are the exchange system platform that transfers capital from investors who want to employ their excess capital to businesses that require the capital to finance various projects or investments. Types of capital Markets: – Capital markets primarily feature two […]
Till now, every assessee was required to file annual return in Form GSTR-9 along with duly audited reconciliation statement of sales, purchases and ITC in Form GSTR 9C by a practising chartered accountant or a cost accountant. However, w.e.f. 1.8.2021, the provisions for annual return and GST audit & reconciliation have been amended so much […]
INTRODUCTION Every Company needs funds to run and expand its business operations. These funds either are owners’ capital or debt. This debt can further be debenture, loans, and deposits. In this write-up, we are going to discuss deposits and inter-corporate borrowings. In this write-up, I will analyse provisions related to acceptance of Deposits by the […]
Application for advance ruling was filed to determine whether supply of drinking water to general public in unpacked/unsealed manner through dispensers/mobile tankers by a charitable organization at a concessional value is covered under exemption of GST as per SI. No 99 of the Notification 02/2017-Central tax (Rate) dated June 28, 2017
The economy has started showing signs of recovery after second wave of Covid-19 which is receding fast. While nothing is predictable on the third wave yet, the economy is slowly returning to normal with most of the curbs been lifted in all parts of the country. While capital expenditure has grown in Q1 this year, […]
1. Finance (No. 2) Act, 2019 (23 of 2019)- (Part 2/3) Government enacted the Finance (No. 2) Act, 2019 wef 01.08.2019. Section 92 to Section 112 under Chapter-IV of said Act, deal with the provisions of Central Goods and Service TAX (CGST) Act. Out of 21 sections which have been amended through Finance (No. 2) […]
