SoP for filing Kerala Flood Cess Return and Payment of Flood Cess • For filing of Kerala Flood Cess return and payment of Kerala Flood Cess every tax payer has to register into Kerala Flood Cess portal available in the website of Kerala State Goods and Services Tax Department (keralataxes.gov.in) initially. The SoP for registering […]
Register of members under the Companies (Management and administration) Rules, 2014 Every company limited by shares shall, from the date of its registration, maintain a register of its members in Form No. MGT-1. In the case of a company not having share capital, the register of members shall contain the following particulars, in respect of […]
Due date for availing Input Tax Credit (ITC) and rectification of any errors or omission in disclosures made in returns, pertaining to F.Y.2018-19 Everybody is busy in GST Audit of FY 2017-18, Statutory Audit & Tax Audit of FY 2018-19. However, we should not miss the crucial compliance pertaining to ITC for FY 2018-19. It […]
Introduction GST Registration can be cancelled by any person who is no longer required to file GST Return if either his annual turnover is below the exemption limit or the taxpayer is no longer liable to be a registered person or any other reason explained below. One must settle all the GST liability before they […]
In the 31st GST Council meeting it was recommended to introduce & implement a New GST Return in a phased manner wef October 2019 to facilitate taxpayers. In the new GST Return System, there shall be three main components Form GST RET- 1 (Main Return) & two annexures (Form GST ANX-1 & Form GST ANX-2) The […]
Food Safety and Standards Authority of India (FSSAI) is an organization that governs and regulates the food business in India. It has been established under the Food Safety and Standards Act, 2006. It lays down the standards for articles of food and regulates their manufacture, storage, distribution, sale and import to ensure the safety of Food.
Introduction Online business is a business or commercial transaction that includes sharing information across the internet. With the growing use of internet and online marketing, businessmen find it convenient to grow their business over internet and attract a large number of consumers. A successful online business requires correct blend of true marketing facts, creative and […]
The Sabka Vishwas Legacy Dispute Resolution Scheme announced by the Union government in its 2019-20 Budget will be operational from 1st September 2019 till 31st December 2019. The scheme particularly focuses in closing all their pending disputes relating to legacy issues in service tax, central excise & several cesses which are now subsumed under GST […]
The due date for a person (other than a company) whose accounts are required to be audited under the Income Tax Act, 1961, may be increased to 31st October 2019 as the numbers of cases of audit are increasing and auditors have to incorporate data of GST Returns in the audit report apart from checking of the purchases, turnover, ITC, etc., and also tax audit forms have seen changes.
One of the practiced business model in trade is that of ‘Bill-to-Ship-to’ model, which raises eyebrows in the Indirect tax world. The bill-to ship-to transaction typically involves two supplies- 1. The supply between the one who supplies the goods and the one who pays for it and 2. The supply between the one who receives […]
