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Points to take care in GST audit of 2018-19
GST audit of 2018-19: Important issues: 2017-18 was first year of GST. We did audit but the main focus was on the filing of the form. Generating Json from the utility was a challenge. But now we all are trained for technical issues. It is
CA Shafaly GirdharwalMar 5, 2020VIVAD SE VISHWAS SCHEME
VIVAD SE VISHWAS SCHEME The bill is aimed at resolving Direct Tax-related disputes in a speedy manner. Question-1: – Who can avail of the benefit under this scheme? Answer: -A taxpayer can avail the benefit under the scheme in respect of Income-tax appeals pending before
STANDARD ON INTERNAL AUDIT (SIA) 250 EXPOSURE DRAFT: ICAI
STANDARD ON INTERNAL AUDIT (SIA) 250 COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE 1 Introduction 1.1 Standard on Internal Audit (SIA) 360 “Communication with Management” mandates the need to have effective two-way communication with management for the achievement of internal audit objectives. This Standard covers the
VIVAD SE VISHWAS SCHEME, 2020
VIVAD SE VISHWAS SCHEME, 2020 Why this Scheme? To reduce the disputed tax demand pending before appellate authorities i.e. CIT(A), ITAT, High Court and Supreme Court. To generate timely revenue. To save the time, energy and resources of the taxpayer as well as the Government
DGGI discovers the issuance of fake invoices worth Rs 4,198 crores.
DGGI HQ books case against 3 firms for issuance of fake invoices without actual supply of goods worth Rs 4,198 crores Directorate General of GST Intelligence (DGGI) Headquarters booked a case on 3rd March 2020 against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited
Clarification on Prosecutions Filed or Internal Adjudication Proceedings Initiated
To, All Regional Directors, All Registrar of Companies, All Official Liquidators. Subject: Clarification on prosecutions filed or internal adjudication proceedings initiated against Independent Directors, non-promoters and non-KMP non-executive directors. Sir, Under several provisions of the Companies Act, 2013 [Act], proceedings are required to be initiated
Join our free webinar on Today (6 PM-7 PM) on Vivad Se Vishwas Scheme, 2020 by Deepak Bholusaria
About the Course: In this webinar CA, Deepak Bhholusaria Ji will discuss the latest scheme under the Income-tax Act, Vivad Se Vishwas Scheme, 2020. About the Course Creator: Mr. Deepak Bholusaria is a commerce graduate and fellow member of the Institute of Chartered Accountants of India.
The wage rate under MANREGA is not an ultra vires of Article 14 of COI
Case Covered: R.Gandhi Versus The Union of India Prayer: Writ Petition filed under Article 226 of the Constitution of India, praying for a Writ of Declaration, declaring Section 6 of the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (Act 42 of 2005) as ultra
Exemptions to Government Companies under Section 462
Exemptions to Government Companies under Section 462 G.S.R. _ (E). -In exercise of the powers conferred by clauses (a) and (b) of subsection (1) and in pursuance of sub-section (2) of section 462 of the companies Act, 2013 (18 of 2013), the Central Government,
SOP for Taxpayers-How to furnish a reply in ASMT-11 against a Notice in ASMT-10
SOP for Taxpayers-How to furnish a reply in ASMT-11 against a Notice in ASMT-10 In order to furnish a reply in FORM GST ASMT-11 against a notice u/s. 61 of the CGST/KSGST Act, 2017 in FORM GST ASMT-10, NOTICE FOR INTIMATING DISCREPANCIES IN THE RETURN
Different address in invoice and E-way bill is a clerical mistake
Case Covered: M. R. TRADERS Versus ASSISTANT STATE TAX OFFICER (INT) STATE GST DEPARTMENT Facts of the case: That the petitioner is a partnership firm, registered under the Indian Partnership Act, 1932. The petitioner has GST registration in the State of Kerala as well as
Return Formats (Sugam Return – FORM GST RET-3) (Quarterly)
FORM GST RET-3 (Sugam) RET 03- Sugam is required to be filed when there are the following supplies: B2B supply B2C supply Reverse charge liable for tax FORM GST ANX-1 Annexure of outward supplies and inward supplies attracting reverse charge 3A. Supplies made to consumers and