Today, we heard the news item through TV, newspapers and other media that the Ministry of Electronics and Information Technology, Government of India invoking it’s power under section 69A of the Information Technology Act read with the relevant provisions of Information Technology (Procedure and Safeguards for Blocking of Access of Information by Public) Rules 2009 […]
DGFT has released a Notification No. 30/2015-20 dated September 01, 2020, wherein they have clarified on the ‘Ceiling / Cap on MEIS Benefits which are available to Exporters on exports made from September 01, 2020 to December 31, 2020’.
As we say hello to September amidst corona times, while hot summer is collapsing into fall and slowly awakening autumn, it is also the most important month of GST law. Important dates are given below for important compliance purposes: Last date of reporting / rectification in FORM GSTR-1 for FY 19-20 Last date of rectifying […]
Process of Extension Annual General Meeting For March 2020 As per Sec 96 (1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting within a period of six months, from the date of closing of the financial […]
THE INTRODUCTION TO THE SCENARIO The fostering of the economic growth and development have been assured and accounted in the hands of the government. The reliance for assuring the same is based on funding. The programs to provide the health, education, infrastructure and services are the bridge to achieve the unanimous goal of functional, orderly […]
The levy of tax on services of transportation of goods by road has always remained a subject matter of uncertainty and litigation. Under erstwhile service tax regime, service tax was first levied on such services vide Finance Act, 1997 effective from November 16, 1997 which was subsequently withdrawn after nation-wide strikes.
All about GSTR-2B made available on GST Portal Introduction – a) Form GSTR-2B is an auto-drafted ITC statement which will be displayed for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). b) It is a static statement […]
1) GSTR-1 GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales. The return has a total of 13 sections. The due dates for GSTR-1 are based on your turnover. Businesses with sales of upto Rs. 1.5 crore have an option to […]
One of the main objectives for introduction of GST Act is to avoid the cascading effect of taxes and to ensure seamless flow of credits. The GST law contain provisions which restricts admissibility of input tax credit of goods and/or services. The admissibility including conditions for claim of ITC contained in Section 16 of the […]
We all have got an abundance of opportunities to enhance our skills in this pandemic. GSTN also has taken due benefit of the same by adding new functionalities on the portal, most prominent being enabling of form GSTR 2B. In the 39th Council meeting held on 14.03.2020, Shri Nandan Nilekani addressed the system related issues […]
