What is Matching Concept under Goods and Services Tax
The concept of Matching forms the backbone of ITC (Input Tax Credit) under the GST regime.
Highlights of 42nd GST Council Meeting
Content: Levy of Compensation Cess to be extended beyond 5 years Centre to Release Compensation to
Analysis of Composite & Mixed Supply in GST Section 8
Content Composite supply What is composite supply? What is meant by Principal supply? Analysis of provisions
All you need to know about E- invoicing under GST with effect from. 01/10/2020
Content What is E- invoicing? Who is required to generate E-invoice? Who is not required to
Board Meetings & Restrictions on Powers of Board of Directors
The Board of Directors of a company is primarily an oversight board. The main motive of
Extension of various compliances by Ministry of Corporate Affairs
The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of
How to make correction/ revision in salary details of E-TDS return already filed?
Content Can I update a salary detail? How can I update a salary record? Can I
How to draft CIT/ITAT Appeal & Procedure
Content Procedure in appeal Appeal fees Presentation of appeal Time for filing an appeal Delay in
Section 80D Deduction- Medical Insurance Premium
Due to Covid-19, many people are purchasing health insurance policies and premium paid on these policies
Income tax TCS under Section 206(1H) W.E.F 01/10/2020
Basic features: This section is applicable only in case of seller whose total sales, gross receipt
Ways to get away from late fee under GST
Content What is late fee under GST? On which date late fee shall be applicable under
How to register Digital Signature for e-filing of Income Tax Returns
How to register Digital Signature for e-filing of Income Tax Returns using USB e- token: A
Income tax late fee and interest on delay in filing ITR
The Ministry of Finance announced the extension of the last date of filing Income Tax Return
Impact of Measures Announced in Response to spread of Covid-19 on corporate Compliances
Central government, State governments, RBI, SEBI, and Ministry of corporate affairs (MCA), ICSI and ROC have
What is form 16 under income tax Act 1961
Content What is Form-16? What is the due date of issuing Form -16? What are the
Income tax on Cashbacks, Rewards, E-wallet and Online payment
As we all know that digitalization has gained much importance now days. Entry of new players
“RISKS” AS IN INTERNAL AUDIT
Risk is defined as ‘the possibility of an event occurring that will have an impact on
Tds on Payment by E-commerce operator w.e.f 01.10.2020
The Finance Act, 2020 has introduced a new Section 194-O for deducting 1% TDS on payments
Registration of NGO as society
Content What is society? Purpose for creation of society Eligibility and requirement to form a society
How to cancel registration – GST registration cancellation
Cancellation of registrations (section 29) Proper officer may either on his own or on applications received
Analysis of Section 159 to 167 of CGST Act, 2017
Content Section 159- Publication of information in respect of persons in certain cases Section 160- Assessment
Conversion of One Person Company (OPC) into Private Company
Meaning of OPC: One Person Company (OPC) means a company with only one person as its
Income tax raid- What to do?
The Income Tax law of our country allows all the persons to self- assess their income
How to save Tax on medical Treatment of Serious Disease
Content How to save tax? Meaning of Specified disease Calculation for deduction amount Increased deduction for
Taxability of gifts [Section 56(2) (x) of Income Tax Act, 1961]
What is Section 56(2) (x) of Income Tax Act, 1961? Section 56(2) (x) of Income Tax
Seven things must to do in September 2020 by every GST return filer
Content: Reconciliation of ITC claimed in GSTR 3B Reconciliation GSTR 2A with books of accounts Reconciliation
Time limit and other conditions to claim ITC
One of the main mottos behind the introduction of the GST Act is to avoid the
Importing Invoice Details Declared In E-Way Bill System Into Form GSTR-1 Frequently Asked Question
Content What type of invoice-details can be imported into Form GSTR-1 using the “Import EWB Data”
GST on Restaurant Services- Normal Scheme or Composition Scheme?
Content: GST on restaurant services under composition scheme GST composition scheme rules GST rates on restaurant
TCS on Sale of Goods under Income Tax Laws with effect from 01.10.2020
What is Tax collected at source (TCS) TCS is the tax payable by a seller which
Provision for Aadhaar Authentication in GST registration
Aadhaar Authentication process has been introduced, for the persons applying for GST registration as Normal Taxpayer/
List of recent changes in Direct Tax
In last one year, government announces various measures to increase liquidity in the hands of individuals
GST update on taxability of assignment of leasehold right in immovable property
Sale of land is out of the ambit of GST Act as it is an entry
Accounting for Corporate Social Responsibility (CSR) Expenditure
Content What do you mean by Corporate Social Responsibility? Which company need to constitute a Corporate
Taxability of advances taken under GST regime
There are so many queries asked regarding whether all types of advances are exempt under Goods
ITC for Air Conditioning plant
Content What is input tax credit? AAR (Maharashtra) in case of M/s Nikhil Comforts Question raised
Strike-off of Limited Liability Partnership
Content Ways of striking off of Limited Liability Partnership Conditions for filing an application for closing
NRE AND NRO ACCOUNTS
Content What do you mean by NRE account What do you mean by NRO account Difference
Procedure for seeking extension of date for holding AGM of company
Provisions for holding an annual general meeting of a company: As per section 96 of Companies
GST on Gold Jewellery
CONTENT GST on Import of Gold Revised GST Rates of Gold Jewelry Effect of GST on
Taxpayers Charter, Faceless Appeal, and Faceless Assessment- An overview
What is the Taxpayer’s Charter? The taxpayer’s charter is a historical document that contains the right
Decoding Transparent Taxation: An Hounaring Stage For Honesty
Concept Features of this platform Main focus of platform Expectations from taxpayer’s field Benefits of the
Tax on AGRICULTURAL INCOME
Content What is Agricultural Income Examples of agricultural income Tax on agricultural income Steps of computation
Some tips for Smooth Completion of GST Audit by CA
Some of the useful tips that should be followed for smooth completion of GST audit: Planning
3 reasons why notice pay recovery is not liable to gst
What is notice pay recovery? When an employee joins or leaves an organisation, he/she is bound
Employees Stock Option Plan
Content Definition of ESOP What are the advantages of Employees Stock Option Plan? What are the
FAQs on Income Tax and Salary
What is Form no 16? Form 16 is a TDS certificate issued to salaried person by
E- Verify Returns without Login
Content How to e- verify the returns without login to e- filing portal? For which years
