All set for ITR Filing
ITR Filing season is here. Are you all ready for your tax filing? If you are a resident Indian and your net taxable income in FY 18-19 was up to 3.5 lakh, then this piece of information is for you. Go ahead, wish you a
Presentation of Input Tax Credit in Annual Return
Case Studies on Presentation of Input Tax Credit in Annual Return There have been lot many errors while claiming Input Tax Credit by the Taxpayers. Some of very common errors was inadvertently claiming Excess ITC, Lapse of ITC, Claim of ITC under Wrong Heading, Deposit
100 FAQ’s on various issues in annual return
Basic provisions related to the annual return Q1. What is Legal provision for filling GST Annual Return? Ans. It is governed by section 35(5) and section 44(1) of CGST Act. Section 44(1) of CGST Act read with Rule 80(1) of CGST Rules requires that
Important clarifications on annual return by CBIC
Introduction: A press release is issued by CBIC. Important clarifications on annual return are provided in the press release. The taxpayer was in dilemma for many reasons. Many tables were showing incorrect data. The biggest mess was made by the help part of this return.
Data Flow in GSTR 9 and 9C
Introduction: Data Flow in GSTR 9 and 9C to file both forms. This article is based on the presentation on GSTR 9 and 9C form. Various issues related to these forms are also covered. Possible solutions to those issues are also provided. There are many
Free E- book on GST including constitution
Introduction: This E-book is a unique combination covering GST right from the provisions of the constitution. Rules of interpretation of the constitution of India is covered. The E-book on GST is covering the following topics: Its less than two years since its introduction of GST
Make (Videshi) Foreign Trade Policy SWADESHI
Introduction: In this article we will discuss about our foreign trade policy. India Traditionally a Trade Deficit Country. India’s Exports in 2018-19 stood at $331 billion, while Imports soared high of $507.44 billion, taking India’s trade deficit to reach a record high of $176 billion. India’s GDP
GSTR 9 INWARD SIDE ANALYSIS – FOCUSING ON TABLE 6J AND TABLE 8D DIFFERENCE
situation 1.1 = WHEN YOU CLAIMED EXACT SAME ITC in 3B as ITC as per BOOKS situation 1.1 = WHEN YOU CLAIMED EXACT SAME ITC in 3B as ITC as per BOOKS
4 MONTH TIME TABLE FOR EVERY PRACTISING CA
A systematic approach to divide your GST & Income Tax work according to Time available & its Gravity. Some are good at time management and some are not. CA practice has become all about time management. Specially those who are into traditional practice
Reporting of data in annual return
Introduction: Reporting of data in annual return is discussed in this article in detail. Annual return is required to be filed by every registered taxpayer. Various informations are required to be provided in annual return. Majorly following information is required: Supply Input tax credit Demand
