Goods transport agency: Goods transport agency or GTA means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. A consignment note is an essential condition to be considered as a GTA. Consignment note: A consignment note is a document issued by a goods […]
Any tax system having its own statutory provisions and made it mandatory for compliance by the taxpayers. Accordingly, the Government has famed Tax Acts and Tax Rules for the smooth tax administration in the Country. If any taxpayers disobey the Tax Acts and Tax Rules, it leads to violation of statutory provisions and will be […]
Representation on issue of notice for intimating discrepancies in return – GST ASMT-10 Rule 99(1)- Mismatch of Input Tax Credit claimed in GSTR 3B and Input Tax Credit available in form GSTR 2A.
This being the first financial year since GST implementation, it becomes important to understand the legal provisions under GST law while finalizing books of accounts and preparation of Balance Sheet.
Krishna, from 18th May, the government has started the GSTR 2A for view. What it is? What taxpayers should do now? In in GSTR 2A, B2B invoices, Debit notes, credit notes, purchases made from Composition dealer, credit taken through TDS and TCS, also, the amendments made in the original invoices by supplier, etc. is reflecting.
Today CBDT has finally released after 47 days of start of Assessment Year 2018-19, Java Utility of ITR-3 (For individuals and HUFs having income from profits and gains of business or profession). It is worthy to note that CBDT is failed to release excel utility of ITR-3 and released only Java utility of ITR-3. Earlier […]
Vijaya Bank have initiated the process for Empanelment of Concurrent auditors/ Audit firms for conducting the concurrent audit of their identified branches for the year 2018-19 i.e from July 2018 to June 2019. 1. Important Points in respect of Empanelment with Vijaya Bank 1. Empanelment is for one year 2. Eligibility criteria and list of […]
The audit under the GST law owing to its first time is the next challenge not only for trade and industries also for professionals. Section 35(5) of CGST/SGST Act, 2017 (hereinafter referred to as “the Act”) envisages inter alia audit of every registered person whose turnover during a financial year exceeds the prescribed limit. The […]
ASSOCHAM being the pro-active Chamber of Commerce and Industries, has decided to organize an inter-active National Seminar on GST as per the following schedule to provide the ground level feedback to the Government to resolve implementation issues and provide platform to Industry to have valuable insight in to operation of GST.
Since assessee had invested the sale consideration in construction of a residential house within three years from the date of transfer, deduction under section 54F could not be denied under section 54F on the ground that he did not deposit the said amount in capital gain account scheme before the due date prescribed under section 139(1).
