The GST regime has brought in a tougher and stricter compliance diaphragm, which every person has to follow on a continuous basis. Any sort of non-compliance can have a severe effect on the daily business of the tax pay payer and can attract huge amount of interest and penalties. Hence it is advisable to know various offences under GST law, to avoid payment of interest and penalties.
Important changes in ITR forms for AY 2018-19: Know the details before filing your income tax returns.
It is proposed to amend shortly, the Companies (Registration Offices and Fees) Rules 2014 to levy additional fee @Rs.100 per day for filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013. Once notified, the additional fee @Rs.100 per day (beyond the normal date of filing) shall become payable […]
The most popular one pager Income Tax return (ITR-1 Sahaj) is continued by the CBDT this year also vide notification no. 16/2016 dated 03rd April 2018. But there are certain changes regarding eligibility to file this return as well contents of this return which are as under. 1. This year (AY 2018-19 FY 2017-18), only […]
Q-1 What has to be done, if the validity of the e-way bill expires? Q-2 Can I extend the validity of the e-way bill? Q-3 Who can extend the validity of the e-way bill? Q-4 How to extend the validity period of e-way bill?
Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19 vide notification no. 16/2018 dated 03rd April 2018. Few points to be noted about new ITR are as follows:- 1. Simplified one page ITR Form-1 (Sahaj) can be filed by an individual who is resident other than […]
In re Kansai Nerolac Paints Limited (GST AAR Maharashtra) Whether accumulated credit by way of Krishi Kalyan Cess (KKC) as appeared in the Service tax return of Input Service Distributor (ISD) ON June 30, 2017 which is carried forward in the electronic credit ledger maintained by the company under CGST Act 2017, will be considered […]
To be able to claim input tax credit of an invoice, its payment must be made within 180 days as per second proviso of section 16(2) of CGST Act, 2017. If the payment is not made, the credit taken on that invoice must be reversed. And whenever such payment is made credit may be taken then.
Format of Proposed Audit Form (Form GST 9C and FORM GSTR –9D) in respect of Annual Audit required under GST Laws is in circulation on Social Media from 4th April 2018. The PDF File in Circulation Contains Form GST 9C which is a Audit Report and GST FORM GSTR –9D in which all details related […]
PIL filed before Rajasthan High court challenging GST Act provision of constitution of Authority for Advance Ruling and Appellate Authority for Advance Ruling admitted
