India has known to be an Entrepreneurs country and in fact, there is no hidden fact that Entrepreneurs are born in India. However, with changing times and laws and its impact, the Traditional Entrepreneurs are not getting themselves upgraded or changed with the system and this has affected them a lot in many ways. I […]
SC against misuse of frivolous Public Interest Litigation (PIL) without any supportive technical data- slaps exemplary cost Public interest litigation(PIL) is a highly effective weapon in the armory of law for imparting justice to the common man. It is a unique and unparalleled phenomenon in the Indian Constitutional Jurisprudence. It is a litigation on behalf […]
Section 29 of CGST Act 2017: Cancellation or suspension of registration. (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person, cancel the registration, in such manner and within such period as may be […]
Brainstorming is a creative group problem-solving technique and a great way to gather ideas that involves the spontaneous contribution of ideas from all members of the group. This Technique is sparingly used in almost all Projects. Reverse Brainstorming, on the other hand, flips traditional brainstorming techniques upside down, allowing you to approach complex problems from a different […]
1. Waiver of Late Fees:No late fee will be charged for non-filing of GSTR 3B during the tax period from July, 2017 to January, 2020 if there is no tax liability. Provided that GSTR 3B returns are furnished between July 1, 2020 to September 30, 2020. 2. Reduction in Late Fee:Reduction in late fee will be […]
The question of taxability of director’s remuneration has been a subject matter of dispute so far as taxability is concerned. The recent advance rulings on the subject have created more confusion than clarity on this issue. Here is an attempt to look into the taxability aspect in the light of law and advance rulings. Supply […]
Savita Joshi INSTRUCTIONS FOR PREPARING ♦ The comments indicate suggested answers , however it can be suitable modified on case to case basis. ♦ This is to be completed on the basis of financials of the client for the month. ♦ To download and attach GSTR -2 A for the month as availble on GST […]
The process of preparing and filing of annual return in GSTR 9 for FY 2018-19 under GST has started and there have been a number of doubts arising as to how to reconcile the output tax liability under various tables pertaining to the FY 2018-19, because the GSTR 3B filed for 2018-19 contains rectifications for […]
The applicability of the provisions of section 269SU to those business entities who do not receive payments from retail customers was always in question.
We have uncertainties in life any time. Now we are at Corona Lockdown. Who knows we will be in Lock down for more than 60 days. Learn from mistakes is not in life. If you have no money in the crisis time, you cant blame anybody.
