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Validity of E-way bills further extended
The validity of E-way bills issues during COVID period: The validity of E-way bills issued under the following dates is extended till 30th June 2020. The E-way bill was issued on or before 24th March 2020. Its validity was expired before 20th March 2020. This
Bad Debts GST Implications (COVID-19)
Bad Debts GST Implications (COVID-19) Reduction in output tax liability Section 34 of CGST Act (Legal Text) (1) Where one or more tax invoices have been issued for supply of any goods or services or both and the taxable value or tax charged in that
Deepak AryaJun 10, 2020FAQ’s on GST return via SMS by GSTIN
FAQ’s on GST return via SMS. These FAQ’s are released by GSTIN. We have already published the step by step process on the filing of GST return via SMS. These are detailed FAQ’s. You can read that process here. When can Form GSTR-3B be filed
Download Free Excel Utility to Calculate GSTR-3B Interest
Free Excel Utility to Calculate GSTR-3B Interest GSTR 3b is the main return of GST. We make payment of tax while filing GSTR 3b. It is not only a return but also a mechanism for self-assessment. The late filing of GSTR 3B invites the liability
Deepak AryaJun 10, 2020New Form for Company Incorporation(SPICe+)
SPICe+(Simplified Proforma for Incorporating Company Electronically Plus) New Form for Company Incorporation(SPICe+). SPICe+(Simplified Proforma for Incorporating Company Electronically Plus) PART-A. It is introduced by MCA. The portal of Ministry of corporate affairs. Using this form you can create a company easily. It is a consolidated
10 common mistakes while filing GST returns
How the mistakes while filing GST returns can impact your business? Yes, they can definitely harm your business. How? a very small example: You started a business but skipped to file GSTR 1. ITC is not visible in the 2A of your buyer. They will
Enablement of SMS For Filing GSTR-3B on portal
Enablement of SMS For Filing GSTR-3B To make the compliance easier for taxpayers, the Government on today i.e. 08.06.2020 allowed the filing of Nil GST monthly return in FORM GSTR-3B through SMS. This would give substantially benefit over 22 lakh registered taxpayers who had to
CA Udit SwamiJun 9, 2020“Remove Chinese Apps” Movement? Will it help?
“Remove Chinese apps” Movement: Yes, we all are emotional. We love our country and quick to react to anything served with patriotism. Remove Chinese Apps movement started. Google removed the app made for the removal of all Chinese apps. They said that it is against
IBBI Imposes Penalty on an Insolvency Professional; Penalty Levied For Moratorium Violation by Allowing Transfer of Assets of a Corporate Debtor During CIRP
IBBI Imposes Penalty on an Insolvency Professional; Penalty Levied For Moratorium Violation by Allowing Transfer of Assets of a Corporate Debtor During CIRP 1. Brief Facts of the Case:- In exercise of its power under section 218 of the Code read with the IBBI (Inspection
CA Udit SwamiJun 9, 2020
GST ComplianceFile GST return using SMS in three steps
File GST return using SMS in simple steps: Great news for all GST registered person. Now you can file GST return using SMS facility. At present we are filing two main returns in GST. First is GSTR 3b, It is monthly. Then there is a
SC in the case of Shakti Bhog Food Industries Ltd. Versus The Central Bank of India
Case Covered: Shakti Bhog Food Industries Ltd. Versus The Central Bank of India Facts of the case: This appeal takes exception to the judgment and order dated 2.1.2017 passed by the High Court of Delhi at New Delhi (for short, “the High Court”) in R.S.A. No. 391/2016, whereby the High Court affirmed the decision of the Court of Civil Judge–05, Central District, Tis Hazari Courts, Delhi, dated 6.1.2016 in C.S. No. 950/2014 allowing the application filed by the respondents/ defendants for rejection of the plaint under Order VII Rule 11 of the Code of Civil Procedure, 1908 (for short, “the CPC”), instituted by the appellant/plaintiff.
How to file ITR without any software for Ay 20-21
Why should I file ITR? We should file ITR on time. It is a self-assessment form of tax. We inform the government about our income and pay tax on that income. We can file ITR even if there is no tax liability. It helps in