Navigate the complexities of E-commerce business management and compliance with insights on GST return filing, ITR, trademarks, TCS, and TDS. Learn key steps for efficient order management and strategic pricing. Author: Abhinandan Sethia, CA in Delhi.
Table 9 of GSTR 9C requires the auditor to bifurcate the entire turnover based on the rate of tax applicable. This article shares an straight forward way to get the same from Tally software. The required data can be extracted from the Tally by utilising GST Return features of the software. Access GSTR 1 in […]
INTRODUCTION The government of India through the Finance Act, 2019 bought 360-degree change under the Indian Stamp Act, 1899(hereinafter called as Stamp Act). Though there are numerous reasons for amending Stamp Act, some of the reasons are very explicit and some of them are not. However, no one can deny the fact that Stamp Act […]
Government of India introduced Goods and Services Tax, popularly known as GST to replace all indirect taxes w.e.f. 1st July, 2017. In GST regime, traders and dealers are required to fulfill many formalities and compliance but it is not problematic for small dealers to comply with all norms when compared to large ones. Thus, for the convenience and relaxation of small traders, the concept of composite scheme was introduced.
In the GST once paid can be claimed back. There are circumstances where GST paid to the government can be claimed back. There is set procedure which is totally online where a registered person can file and claim back the GST. There are two important aspect of GST Refund: 1. That under which circumstances it […]
After the notification of the SEBI Investment Adviser (Amendment) Regulations, 2020 on 3rd July, 2020, the Association of Mutual Funds in India (“AMFI”) has issued guidance regarding nomenclature to be used by Registered Mutual Fund Distributor. As per the said Regulations, no distributor shall use the nomenclature “Independent Financial Adviser or IFA or Wealth Adviser […]
If you are a salaried person, you have a right to claim the benefits of an exemptions available on your few parts of the salary components given either in the form of ‘Allowances or Perquisites’. Here is the list given of most of the common exemptions which can be availed by a salaried person on […]
Generally, the GST registration is issued with unlimited validity. However, the validity period is applicable in case of registration of casual taxable person and non-resident taxable person. The casual taxable person and/or a non-resident taxable person willing to extend its GST registration is required to file an application in Form GST REG-11. Rule 15 of […]
Through the course of law school, we have been taught in various capacities that there exists a distinct separation between ownership and management. Such ownership stands diffused by shareholders and the company is managed by a Board of Directors on behalf of such shareholders, which brings us to the Principal – Agent relationship where the […]
Even the minute investment from countries sharing land border with India shall require prior approval from government…??? Impact on Indian Economy. It is expected that the government will soon issue more stringent guidelines w.r.t investment from countries sharing land border with India. Amid Covid-19 and rising tensions at the India-China border, government held an internal […]
