Tax Updates
SEIS Refund from DGFT Service Exports from India Scheme (SEIS): – The Government of India notifies the Foreign Trade Policy 2015-2020 w.e.f. 1st April 2015. This policy shall remain in force upto 31st March 2020. Pursuant to new foreign trade policy (FTP) 2015-20, Government of India has introduced the “Service Exports from India Scheme (SEIS)” …
Reminder Chart for Statutory Due Dates July 2019 Reminder Chart for Statutory Due Dates July 2019 7thJuly Due date for payment of Tax Deducted / Collected for the month of June 2019. 10thJuly Filing of GSTR – 7 for the month June 19 for taxpayers who is required to deduct TDS under GST. 10thJuly …
Technical Guide on GST Audit by ICAI Section 35(5) of CGST Act state that every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited. GST Audit for Financial year 2017-18 to be on or before the 30th June 2019 in Form GSTR 9C. To help in …
GST Annual Return Handbook by ICAI GST annual return filing is mandatory for all entities having GST registration, irrespective of turnover during the financial year. Every businesses that have obtained GST registration must file GST Annual Return irrespective of GST Turnover. GST registered person who has GST Number before 1st April 2018 are required to …
Reminder Chart for Statutory Due Dates June 2019 Reminder Chart for Statutory Due Dates June 2019 7th June Due date for payment of Tax Deducted / Collected for the month of June 2019. 10th June Filing of GSTR – 7 for the month May 19 for taxpayers who is required to deduct TDS under …
Input Tax Credit on Capital Goods under GST Hi Readers, in this Article we will discuss provisions related to Input tax credit on Capital Goods under GST. We also discuss the provisions related to Reversal of ITC on Capital Goods under GST. Before starting, one must familiar with the definition of Capital Goods under GST. …
LLP Advantages and Disadvantages in India Limited Liability Partnership – New way of Business in India: – Hi Readers, in this Article we will discuss about LLP advantages and disadvantages in India. There are many ways to start a new business in India like Proprietorship; Partnership Firm, Limited Liability Partnership Firm (LLP), Private Limited Company, …
GST Compliance on foreign currency exchange Hi Reader, in this Article we will discuss about the GST compliance on foreign currency exchange. Foreign currency exchange is conversion of one country’s currency in another country’s currency. In India, Foreign Exchange Management Act, 1999 (FEMA) manage and responsible for foreign currency exchange transaction and Reserve Bank of …
Udyog Aadhaar and MSME Registration Hi Readers, in this article we will discuss about Udyog Aadhaar and MSME Registration. With the view to address policy issues related to MSMEs a separate law, The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006. The purpose of the MSMED Act was to facilitate development …
GST Council 31st meeting recommendations Hi Readers, in this article we will discuss the GST Council 31st Meeting recommendations. The GST Council in its 31st meeting held December 22, 2018 at New Delhi made the following major policy recommendations; once the same is approved by the GOM (Group of ministers) then the same will be implemented: …