National Academy of Customs, Excise & Narcotics (NACEN), the apex training institute has been mandated to impart training and capacity building to Central & State Government employees. This FAQ has been prepared as part of the capacity building program to help officers, trade & public to
Government ended 92 Year old Practice by merging the Railway Budget with General Budget. It also in Principle Decided to advance the presentation of Union Budget from Last Day of February to the first week of February. ???????????????????? CA JAIN ALOK 9899259011 NIRC Member
1) At present, invoices or bills of sale etc. can be issued inclusive of tax in certain cases, whereas it is mandatory to indicate the tax charged in the GST regime. 2) Revised invoice shall be raised by the registered taxable person against the invoice
This presentation is made by CA Navneet Kumar Gupta . A renowned practicing CA analysing the provisions of registration under GST regime.
Time of supply is POT in GST regime which has replaced the all other POT in different Laws. In case of service tax taxpayer face a problem in past when there is change in tax rate. In GST regime the Law has specifically provided for
Most of the young chartered Accountants always dwell in the Question “How to do concurrent Audit of a Bank.” There are many reasons of this anxiety they possess for concurrent audits, Such as Lack of experience, Lack of opportunities, Lack of confidence etc. Here in
X Ltd supplies manufactured goods to Y Ltd for Rs 5000 in April 2017; CGST thereon is, say, Rs 500 assuming Tax Rate 10%. Unfortunately X Ltd did not furnish these details in its outward supply to Y Ltd. While matching the credit, Y Ltd
Financial consultants including CA’s will have to provide their names and registration numbers while filing for their client’s income tax declaration from next year.The government will make changes in the forms of ITR to include such information. This will help crack down on fake consultants
Important Point Related To Debit Note or Credit Note as Per Section 24 of the Model GST Law 1) Tax Charged/ Taxable Value > or < Tax Charged/ Taxable Value (w.r.t. that supply), then Credit Note or Debit Note is required to be issued. 2)
