Draft Disclosures for GST Audit Report of F.Y. 2018-19
DISCLOSURES -The notes for GST Audit are for guidance only. -The GST auditor will have to make suitable observations, remarks,...
GSTN enables generating system computed Liability for GSTR-3B, on the basis of GSTR-1 filed by the Taxpayers
The Goods and Services Tax Network ( GSTN ) has enabled the System computed GSTR-3B (Table-3 for liabilities) on the...
Need for Rotation of Directors | Section 152 | Companies Act, 2013
Section 152 of the Companies Act,2013 is applicable on only: – Public Company Private Limited Company which is a subsidiary of a public...
Last date to file GSTR 4 for FY 2019-20 extended to 31.10.2020
CBIC has announced on its Twitter Handle on 31st August 2020 that Last date to file GSTR 4 for FY...
GSTR-4 Annual Return by Composition Taxpayers: 01-09-2020
Filing Form GSTR-4 Annual Return by Composition Taxpayers on GST Portal 01/09/2020 1. What is Form GSTR-4 Annual Return: - With...
New functionalities made available for TCS and Composition taxpayers
New functionalities made available for TCS and Composition taxpayers 01/09/2020 1.Provision to make amendment, multiple times, in Table 4 of...
GST on Second Hand Goods
Normally GST is charged on the transaction value of the goods. However, in respect of second hand goods, a person...
INSPECTION, SEARCH, SEIZURE AND ARREST UNDER GST
1. In any tax administration the provisions for Inspection, Search, Seizure and Arrest are provided to protect the interest of...
Section 269SU: Banks to Refund charges received on or after 01.01.2020
Circular No.16/2020 F .No .370142/35/2019-TPL-Pt Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****...
ITC Statement Form GSTR-2B, made available on GST Portal for taxpayers
ITC Statement Form GSTR-2B, made available on GST Portal for taxpayers 29/08/2020 1. GSTR-2B is an auto-drafted Input Tax Credit...