√ Section 22(1) of the CGST Act, provides for registration to supplier of services or goods & services having aggregate turnover exceeding Rs. 20 lacs. Hence every supplier having turnover more than Rs. 20 lacs is required to register. √ Section 24 (Compulsory registration) of CGST Act,2017 requires as Flows – (iv) person who are […]
Whether Hitches In E-Payments of Taxes Will Be Resolved In NSDL Website/New I-T Portal While we make payment of Direct Taxes via the ‘NSDL Web site’, every time we have to fill the address of the assessee, which in my opinion can be dispensed with since the address of the assessee is already available with […]
Format of NOC by Female Coparceners to waive off their right/share in HUF property DECLARATION/NOC BY CO PARCENERS OF HUF To Dear Sir, 1) I/we ……………………………………………( Name of Co-Parceners ) hereby declare that I/we are the Co-Parcener of the HUF ……………….. … (Name of HUF) 2) We all the below mentioned coparceners declare that we […]
यदि जीएसटी से जुडी कुछ अन्य समस्याए गंभीरता पूर्वक विचार करते हुए हल कर दी जाए तो ना सिर्फ करदाताओं को इस कर के पालन करने में आसानी रहेगी बल्कि अर्थ व्यवस्था के विकास में भी यह कर अपनी महत्ती भूमिका अदा कर सकेगा. इस पत्र के साथ हम आपको जीएसटी से जुडी हुई निम्नलिखित समस्याएं बता रहें हैं जिनका हल यदि हो जाए तो व्यापारी वर्ग , प्रोफेशनल्स और देश का करदाता आपका आभारी रहेगा :-
With the globalization of businesses being on the rise, there has been an equivalent rise in the complexity of transactions. The management for the smooth conduct of their business receives various goods and services from different suppliers. However, suppliers, sometimes for the sake of convenience, provide additional goods and services to their intended customers/ recipients […]
(A) Annual Compliances Checklist to be done by an NBFC (Non-taking Public Deposit) Asset Size – Below Rs. 100 Crores Return Name Return Overview Frequency Who will Submit Timeline for submission of Return DNBS 02 Important Financial Parameters Annual NBFC 60 Days DNBS 10 Statutory Auditor Certificate Annual Statutory Auditor One month from the date […]
With my experience as Chartered Accountant I can say that Infosys has totally failed in handling GST portal as well as the New income tax portal. It is surprising to see that despite failure of Infosys Cenhtral government has not imposed any penalty on Infosys for Its Sub-standard performance in website maintenance and implementation. If […]
In the last budgetary changes, the Customs mega exemption Notification No. 50/2017-Cus dated 30.06.2017 witnessed vital changes and amidst these changes, two changes directly hit readymade garment exporters and here these both changes are discussed for the sake of enhancement of awareness of the stakeholders. EXEMPTION IN RELATION TO FASTENERS, THREADS, RIBS ETC. Prior to […]
Section 194Q- Deduction of TDS on Purchase of Goods The government has introduced Section 194Q in the Income Tax Act, 1961 vide the Finance Act, 2021. The intent of the government to bring this provision is to establish the trail of high value of transaction of sale and purchase of goods. There are various other provision which […]
Provisions of the Entry Tax on vehicles The Entry Tax was a levy on goods entering into a State (similar to Octroi which was levied upon entry of goods into a city). As per the Tamil Nadu Tax On Entry Of Motor Vehicles To Local Areas Act, 1990, (Act), Entry tax was required to be […]
