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What is Form GST ITC 03
What is Form GST ITC 03? Following taxpayers need to fill Form GST ITC 03. who opt for composition scheme or where goods or services or both supplied by taxpayer becomes wholly exempt or his registration is canceled u/s 29(2) of CGST Act. In all
What is the frequency for filing Form GST ITC-03
What is the frequency for filing Form GST ITC-03? The registered person can file ‘Form GST ITC-03’ only once in a financial year for opting for composition scheme. For reversal/payment of tax in case of exemption of supplies. It can be filed multiple times, as
Third Refund Fortnight for pending GST refunds
CBIC to observe Third Refund Fortnight, to clear pending refunds PRESS RELEASE CBIC to observe Third Refund Fortnight, to clear pending refunds Refunds of GST have been a concern for the Government and Trade for the past several months. In this regard, the CBIC has observed two
When filing is the Form GST ITC-03 is needed for a taxpayer
When is the filing of Form GST ITC-03 needed for a taxpayer? In following conditions taxpayer must file Form GST ITC-03: The taxpayer has opted for composition scheme or goods or services or both supplied. By a taxpayer becomes wholly exempt or taxpayer whose registration
Notification No. 52/2018-Customs
Notification No. 52/2018-Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 52/2018-Customs New Delhi, the 14th July 2018 G.S.R……. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12)
Ppt on Valuation under GST
Ppt on Valuation under GST by CA Archana Jain This ppt explains the Valuation under GST, explains all Provisions of GST Act and rule issued thereafter. This PPT is prepared by CA Archana Jain, a thought leader on the subject. “Value of taxable supply” is significant
Representation on Inverted Duty Structure
Representation-Inverted Duty Structure Representation on issues faced by Lime Industry due to services being excluded from the purview of Net ITC for the purpose of Refund on account of Inverted Duty Structure At the outset, we would like to congratulate on the successful implementation of
How to Update DIR-3 KYC Details of Directors
How to Update KYC Details of Directors: Indian and Foreign Directors on Boards of Indian Companies, to Remain on Board Q.1: Why should you update KYC records of all directors? Government is running a drive to get rid of shell companies, unprincipled and dishonest directors
How to create an account on the UDIN portal
How to create an account on the UDIN portal? To register at UDIN portal, please take the following steps: Step 1: Enter the homepage https://udin.icai.org Step 2: Click button “For first time sign up, click here” Step 3: Enter your six-digit Membership No., Date of
Notification No. 51/2018-Customs
Notification No. 51/2018-Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 51/2018-Customs New Delhi, the 09th July 2018 G.S. R. (E). In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central
Why UDIN
Why UDIN? It has been noticed that financial statements and documents were being certified/ attested by third persons, in lieu of Chartered Accountants. As these statements are being relied upon by the authorities as true statements and certificates. UDIN can be generated by a practicing
What is the Algorithm of UDIN
What is the Algorithm of UDIN? The algorithm of UDIN comprises of the following: 1. The Membership Number of the Member attesting the document/ certificate. 2. The Date (dd/mm/yy) when the certificate is issued. 3. The Document Serial Number allotted automatically by the system.