Ahilya Chamber of Commerce & Industry request GST Council to immediately withdraw Form GSTR 9, GSTR 9A and GSTR 9C for F.Y. 2017 – 18. It requested Council to discuss with stakeholders different issues, decrease complexity of return, exclude NON GST supply / Exempt supply, allow rectification in yearly returns, allow HSN code of 2/4 […]
How the ULIP will become better with new regulations. The Insurance Regulator IRDA (Insurance Regulatory and Development Authority) has notified fresh rules for governing Linked Life insurance products on 8th July 2019. In this article I will discuss the major beneficial changes proposed in the new regulations for ULIP products, a Linked Insurance Product. Enhanced […]
As you all must be aware, the due-date to file the Annual Return and Reconciliation Statement i.e. 31st August, 2019 is fast approaching. As this is the first time Annual Return is being filed, the due-date had already been extended many times before by the government to give sufficient time to get accustomed and familiar with the Return. Various representations had been received to make the Return filing simpler and easier.
Dye date to file Annual return GSTR 9/GSTR 9A for Financial Year 2017-18 is 31st August 2019 but CGST Delhi Zone has started issuing notice to those who have not filed such returns till date even before the expiry of due date i.e. 31st August 2019. In notice issued on 19th August 2019 it has […]
We take this opportunity to bring to your kind attention certain very important issues in Income Tax and GST which need to be addressed by the government to further strengthen tax payers’ confidence.
Any person who is responsible for paying any income by way of commission (other than insurance commission) or brokerage to a resident shall deduct income tax at the rate of 5% under Section 194H of Income Tax Act, 1961. However, an individual or HUF whose total sales, gross receipts or turnover from the business or […]
Request for Relief by way of Due date Extension for GST Annual Return and Monthly Return, from Disastrous Flood Situation in state of Maharashtra, Karnataka, Kerala Andhra Pradesh Gujarat.
Punjab Accountants Association made Humble Representation with request to Extend Due Dates stipulated for filing Annual GST Returns i.e. GSTR9/9A/9C under the CST Law. The Punjab Accountants Association Office: R.K. Assoaates,Sehdev Market, Jalandhar City Email : athepunjob@gmail.com, Mob.No. 98151-98051, 98153-23059 Honorable Union Minister of Finance, Government of India New Delhi Dated: 16-08-2019 Sub: Humble Representation […]
The Construction/ Real Estate sector is one of the most critical sectors of the Indian economy due to its huge multiplier effect on the economy. Any impact on the Real Estate sector has a direct bearing on economic growth. Due to the well-acknowledged need for foreign investments into this sector because of the sheer demand, […]
· Registration or Approval is required u/s 12/12AA and fill the details in “Details of registration under Income Tax Act” in Part A General. · Return filing section is 139(4A) · Offer the contribution and income in schedule VC and AI. · Amount applied for charitable purpose is required to fill schedule ER, EC.
