Frequently Asked Questions on The Companies Act, 2013 (Revised Edition) The Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India had issued the publication “Frequently Asked Questions on the Companies Act, 2013”, in the year 2016. During the last few years, a number of amendments have taken place, including notification… Read More »
GST on Penal Interest : CBIC clarification Summary The CBIC has clarified that any interest (or late fee or penalty) for delayed payment of any consideration charged by the supplier shall be included in the value of supply for he payment of GST. The interest component shall be considered for valuation purpose even if a… Read More »
GST Refund Compendium by CBIC GST Refunds and Other Payments to Taxpayers Click here to Download
2 Years of GST Implementation GST completed two years during which several milestones have been achieved. Some of them are given below (as of June 2019): Total GST Registrations has doubled up to 1.22 Cr. Total number of GST Returns filed – 28 Cr. Total number of E-Way Bill Generated – 70 Cr. Total tax… Read More »
GST Invoice New Changes & QR Code Related Post GST E-invoice coming Soon GST B2B invoices to be issued electronically by September GST E-invoice coming Soon: Committe Constituted Start New GST Invoice Number Series from 1st April ? GST Portal allowed Invoices of FY 2017 18 in GSTR 1 of FY 2018-19 Single Tax Invoice… Read More »
New Return for GST Composition Scheme Notified : GSTR 4 Rule 138E CGST Rules 2017 : Changed by Notification No 31/2019 Central Tax Dated 28.06.2019 Composition dealers and suppliers claiming the benefit of 6% presumptive taxation scheme under Notification number 02/2019-Central Tax (Rate), dated 07-03-2019 shall not be allowed to generate e-way bill if return… Read More »
GST Revenue collection for the month of June, 2019 stands at Rs.99,939 crore Total number of GSTR 3B Returns filed for the month of May up to 30th June, 2019 stands at 74.38 lakh Posted On: 01 JUL 2019 Total gross GST revenue collected in the month of June, 2019 is ₹ 99,939croreof which CGST is ₹… Read More »
Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function – (01-07-2019) It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders. To curb this… Read More »
E way Bill Extension after Expiry Allowed : New Rule Notified : Good news Summary Before Amendment 28.06.2019 : The validity of an e-way bill can be extended before it gets expired and once it expires it cannot be revived. After Amendment from 28.06.2019 A proviso has been inserted which enables the generator to… Read More »
GST MSMEs Booklet released by Hon’ble FM GST MSMEs Booklet released by Hon’ble FM-Click here