Monthly Archives: August 2018

No Expenses disallowance for non-deduction of TDS if bills not received :GUJARAT HC

By | August 31, 2018

No TDS was deducted on expenses provisions as the same was contingent liability and the bills were not issued which were issued subsequently and on that the TDS was deducted as and when the final bills were received. HIGH COURT OF GUJARAT Principal Commissioner of Income-tax-4, Ahmedabad v. Sanghi Infrastructure Ltd. M.R. SHAH AND A.Y. KOGJE, JJ.… Read More »

QR card of India Post Payment Bank (IPPB)

By | August 31, 2018

QR card of India Post Payment Bank IPPB QR card redefines the way banking is done. It provides a unique, secure and convenient way to access your account without the hassle of remembering your account number. You do not need to remember your PIN/Password, as transactions can be initiated by using biometric authentication. You can… Read More »

How to open Current Account with India Post Payment Bank (IPPB)

By | August 31, 2018

Current Account with India Post Payment Bank (IPPB) Current Account IPPB offers the facility of a Current Account to the small merchants/ kirana stores and individual businessmen. This account is a prerequisite for carrying out and expanding business. IPPB’s Current Account gets you started on the road to digital transactions for your business needs. Along… Read More »

How to open Basic Savings Account with India Post Payment Bank (IPPB)

By | August 31, 2018

Basic Savings Account with India Post Payment Bank (IPPB) Basic Savings Account This savings account has all the features and benefits offered by the Regular Savings Account (except that it allows only four cash withdrawals in a month). The aim of the basic savings account is to provide primary banking services at a very nominal charge.… Read More »

www.ippbonline.com : Official website of India Post Payment Bank

By | August 31, 2018

Official website of India Post Payment Bank Official website of India Post Payment Bank is www.ippbonline.com  Related Post India Post Payments Bank : Download Documents IPP Bank Death Claim Form with Nomination  IPP Bank Death Claim Form Without Nomination IPP Bank Letter Of Indemnity :(with respect to payment of balance in the deceased constituents  without production… Read More »

India Post Payments Bank : Download Documents

By | August 31, 2018

India Post Payments Bank How to open Regular Savings Account with India Post Payment Bank (IPPB) How to open Digital Savings Account with India Post Payments Bank (IPPB) How to open Basic Savings Account with India Post Payment Bank (IPPB) How to open Current Account with India Post Payment Bank (IPPB) Doorstep Banking by India… Read More »

IPP Bank Letter Of Indemnity : Download : India Post Payments Bank

By | August 31, 2018

IPP Bank Letter Of Indemnity ( Letter of indemnity with respect to payment of balance in the deceased constituents  without production of legal representations ) Download IPP Bank Letter Of Indemnity Related Post IPP Bank Death Claim Form with Nomination  IPP Bank Death Claim Form Without Nomination India Post Payments Bank Helpline Number India Post Payments… Read More »

GST Electronic Credit Ledger Utilization Process

By | August 31, 2018

Electronic Credit Ledger : Utilization Process How can the credit available in the Electronic Credit Ledger be utilized?  Can a taxpayer utilize the credit available in one major head to pay tax liability under any other major head? The amount available in the Electronic Credit Ledger can be utilized for paying off tax liabilities as… Read More »

PMT 07 : GST Payment Related Grievances : FAQ and User Manual

By | August 31, 2018

Filing Payment Related Grievances (PMT-07) FAQs on Filing Payment Related Grievances (PMT-07) 1. For which issues can I raise a grievance? Grievance can be raised ( on GST Portal)  in case of following issues:  Amount debited from the bank account, Cash Ledger not updated NeFT/RTGS related issues Please do not raise a grievance under the… Read More »

How to Submit Request for Rectification of Income Tax Return

By | August 31, 2018

 Submit Request for Rectification of ITR To submit Request for Rectification, please follow the below steps: Login to e-Filing website with User ID, Password, Date of Birth/ Date of Incorporation and Captcha. Go to My Account and click on “Rectification Request”. Enter PAN, Assessment Year, and Communication Reference Number in the Latest order (either u/s 143(1) or u/s… Read More »

What are Credit Notes in GST return ?

By | August 31, 2018

What are Credit Notes? Credit Note is a document issued against an invoice in cases where invoice was issued at a value higher than the actual value of goods and/or services provided or the invoice value is reduced due to post supply negotiations. This may also happen when the goods supplied are returned by the… Read More »

Category: GST

What are Debit Notes in GST Return ?

By | August 31, 2018

What are Debit Notes under GST ? A Debit Note is a document issued against an invoice in cases where the original invoice was issued at a value lower than the actual value of goods and/or services provided. It can also be issued in case of post supply price negotiations. The difference amount is accounted… Read More »

Category: GST

UTGST (Amendment) Act 2018 : Download

By | August 30, 2018

The Union Territory Goods and Services Tax (Amendment) Act, 2018 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th August, 2018/Bhadrapada 8, 1940 (Saka) The following Act of Parliament received the assent of the President on the 29th August, 2018, and is hereby published for general information:— THE UNION TERRITORY GOODS AND SERVICES TAX… Read More »

IGST (Amendment) Act 2018 : Download

By | August 30, 2018

The Integrated Goods and Services Tax (Amendment) Act, 2018. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th August, 2018/Bhadrapada 8, 1940 (Saka) The following Act of Parliament received the assent of the President on the 29th August, 2018, and is hereby published for general information:— THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT)… Read More »

CGST (Amendment) Act 2018 : Download /Print

By | August 30, 2018

Central Goods and Services Tax (Amendment) Act, 2018 Central Goods and Services Tax (Amendment) Act, 2018 The following Act of Parliament received the assent of the President on the 29th August, 2018, and is hereby published for general information:— THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 (NO. 31 OF 2018) An Act further… Read More »

Category: GST

Section 49B CGST Act 2017 :Order of utilisation of input tax credit.

By | August 29, 2018

Section 49B CGST Act 2017 [ Section 49B CGST Act 2017 Inserted by The Central Goods and Services Tax (Amendment) Act 2018 yet to be Notified ] Section 49B CGST Act 2017 explains  Order of utilisation of input tax credit.  and is covered in Chapter X – Payment of Tax [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 49A CGST Act 2017 : Utilisation of input tax credit subject to certain conditions

By | August 29, 2018

Section 49A CGST Act 2017 [ Section 49A CGST Act 2017 Inserted by The Central Goods and Services Tax (Amendment) Act 2018 yet to be Notified ] Section 49A CGST Act 2017 explains Utilisation of input tax credit subject to certain conditions.  and is covered in Chapter X – Payment of Tax [Note : CGST Act 2017 also… Read More »