In an effort to simplify the filing process and increase tax compliance under GST, the GST Council has approved a new return filing process. This filing process is expected to come into effect from 1st April, 2019. Here’s what you… Read More
ANNUAL RETURN UNDER GOODS AND SERVICE TAX ACT, GSTR-9
Annual Return under GST 1. What is Annual Return GSTR-9 The GST department has mandated form GSTR-9 Annual Return under GST regime to be filed annual by all registered taxpayers who are registered under Goods and Service Tax act including… Read More
Benefits of 12AA and 80G in an NGO
The various benefits of section 12AA Registration are enumerated as below: The income applied for charitable or religious purpose will be considered as application of income i.e. expenditure incurred for charitable and religious purpose will be allowed while… Read More
Compounding of Offences under Companies Act, 2013
Section 441 of Companies Act, 2013 deals with compounding of offences, in this article we will discuss the provisions for compounding of offences under Companies Act, 2013: Firstly we will discuss the term offence The term offence has been defined… Read More
Latest Penal Provisions for non filing of Annual Return and Financial Statement with Registrar of Companies
There are various privileges that has been provided to a company upon its registration, but a company registered under Companies Act, 2013 has certain obligation also, which has to be complied with within the time stipulated under the Act,… Read More
Concept of Producer Company in India
In order to provide a complete view on the process of registration of a Producer Company in India, we will today discuss all the statutory requirements and provisions related to registration of a producer company in India. According to Company… Read More
Recent Amendments under GST
26th October, 2018 1. Due date of filing GST ITC 04 has been extended till 31st December, 2018 for the period of July 2017 to September 2018 2. Final return in Form GSTR-10 is required to be furnished by all… Read More
E-Way Bill
E-Way Bill 1. Understanding E-way Bill E-way bill is an electronic bill which is required to moove the goods of more than Rs.50,000/- or more in a vehicle, the goods can not be moved in such a case without an… Read More
Recent Amendments in Income Tax Laws
In this article we will discuss the recent amendments which have been made applicable with effect from 1st April 2018: Basic Tax Exemption limit is Rs. 2,50,000/- for non Senior citizens. After that, up to 5 Lakh, Tax rate… Read More
GST DUE DATES
The Assessees who have enrolled from existing tax regime to GST or who have registered afreash in GST, its the time to file their first return under the new GST regime, as the department has notified the due date for… Read More