On 18th Aug, 2019, we have represented Finance Minister and GST Council for extension of due date for GSTR-9 and 9C. We have mentioned relevant problems and issues which have necessitated the extension. The words of Representation are as under : Ref : TC/19-20/1 Date : 18th August, 2019 To, Smt. Nirmala Sitharaman Hon’ble Union …
A special CBI court sentenced B Ramalinga Raju, his two brothers and seven others to seven years in prison in the Satyam fraud case. The court also imposed a fine of Rs 5 crore on Ramalinga Raju, the Satyam Computer Services Ltd’s founder and former chairman, and his brother B Rama Raju and Rs 20-25 …
SATYAM SCAM : ALL YOU NEED TO KNOW ABOUT INDIA’S BIGGEST ACCOUNTING FRAUD Read More »
On the request of All India Motor Transport Congress, CBDT has recently clarified regarding amendment in section 44AE of IT Act. Here, we are sharing the 2 pages clarification with you. Kindly read it carefully and examine in filing your/your client’s ITR.
CA Final results are declared! Congratulations to those who have passed and those who couldn’t make this time, analyze and learn from the mistakes committed in the past examination and this could be possible by verifying your answer sheet. But, incurring Rs. 500 per paper to obtain certified copies may add a financial constraint on …
HOW TO GET CERTIFIED COPIES FROM ICAI AT JUST RS. 2 PER PAGE UNDER RTI ACT, 2005 Read More »
First, the statutory auditors resign claiming the company did not provide satisfactory answers to their queries. Then the company’s shares nosedive. Now the company is suing the auditors for false claims and damaging the company’s reputation. This is the story between Price Waterhouse & Co (PwC) and Reliance Capital, a company within the Anil Ambani led Group. …
FIRST TIME IN INDIAN HISTORY : RS. 10,000 CRORE DEFAMATION SUIT AGAINST AUDITOR IN INDIA Read More »
Dear all CA students! First of all, best of luck for your upcoming results. You will get 100% of your hard work towards your goal. Now, we will discuss about this article. In this article, we are sharing an order of honorable Supreme Court which prescribes that “CA students can get answer sheet copies at …
NOW CA STUDENTS CAN GET ANSWER SHEET COPIES AT RS. 2 PER PAGE UNDER RTI : SC ORDER Read More »
This post is about Table-8 of Form GSTR-9, which is attached below : Please see carefully Column 8(A) to 8(D) of this picture and focus on Column 8(D). In general case, you have to pay tax through DRC-03, which is amounting to “Negative figure in column 8(D) of above picture”. But there is a guide …
HOW TO DEAL WITH NEGATIVE FIGURE IN TABLE-8 OF GSTR-9 Read More »
FORM GST ITC-04 is to be filed by those Manufacturers (Principal) who send their Inputs or Capital Goods for Job-Work Process. FORM GST ITC-04 is to be filed quarterly, it is to be filed on or before the twenty-fifth day of the month succeeding the said quarter, however due date has been extended vide Notification …
ALL ABOUT FORM GST ITC-04, WHICH REQUIRED TO BE FILE TILL 31st AUG, 2019 Read More »
TCS provisions has been made effective from 01.10.2018 TCS refers to the tax collected by electronic commerce operator when supplier supplies goods or services through portal and the payment for that supply is collected by the E Commerce operator. Eg : Flipkart, Amazon which sells products through their website and consideration is collected by E-commerce …
CONCEPT OF TCS UNDER GST (SECTION 52 OF CGST ACT) Read More »
Introduction: In this article we will discuss the treatment of following discounts under GST : Discounts at the time of supply/sale Post-sale discounts Discount agreed at the time of supply/sale Discount not agreed at the time of supply/sale Analysis :As per section 15(3) of CGST Act, 2017 the value of supply shall not include any …
The Union Budget 2019 has provided relief to GST-registered taxpayers with several new updates. One such amendment relates to the interest on the delayed payment of GST liability. This is a big relief for taxpayers, because, until this amendment was passed, interest has always been charged on the entire amount of tax paid after the …
GST : NOW, INTEREST APPLIES ONLY ON NET CASH LIABILITY OF UNPAID GST Read More »