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Rebate u/s 87A of income tax

By MayankWadhera

What is Rebate u/s 87A?

Rebate under section 87A of the Income tax Act is . . . . . . . .

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Form 26AS of Income Tax

By MayankWadhera

 

Form 26AS of Income Tax

. . . . . . . .

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REGISTRATION OF PROFESSIONAL TAX

By MayankWadhera

REGISTRATION OF PROFESSIONAL TAX.


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REGISTRATION OF A PARTNERSHIP FIRM

By MayankWadhera

REGISTRATION OF A PARTNERSHIP FIRM

A Partnership Firm is a form of . . . . . . . .

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Trust Registration

By MayankWadhera

Trust Registration

Registration of tru . . . . . . . .

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Everything about Trade License and its renewal

By MayankWadhera

1. What is a Trade License?

A trade license is a document/certificate that . . . . . . . .

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Private Security Agency License

By MayankWadhera

All You Need to Know About PSARA License

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EPF Registration For Employers

By MayankWadhera

EPF Registration For Employers . . . . . . . .

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New functionality in GST Portal

By MayankWadhera

A new functionality has been introduced in t . . . . . . . .

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Pension Can Be Attached To Recover Maintenance For Wife

By MayankWadhera

In a significant ruling, the Nagpur bench of the Bombay High Court, last week held that pension of a former public servant or an employee . . . . . . . .

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Date of allotment relevant for reckoning LTCG

By MayankWadhera

In a judgment with significant implications for property owners, the Income Tax Appellate Tribunal (ITAT) ruled that ownership of propert . . . . . . . .

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Agricultural Income & investment in Unlisted companies through new ITR forms

By MayankWadhera

Income Tax Return (ITR) forms not only seeks information of the taxpayers as to income and tax but also seeks various other information a . . . . . . . .

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Income Tax Return Filing in 17-18 increased by 64.09% as compared to 13-14

By MayankWadhera

The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which is 17.1% highe . . . . . . . .

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Controversial issue: Income of minor to be taxed in hands of grandfather who is maintaining him

By MayankWadhera

Income of minor to be taxed in hands of gran . . . . . . . .

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Deposit of 30% of refund claimed obligatory and mandatory

By MayankWadhera

 

HIGHLIGHTS

  • The Maharashtra Real Estate App . . . . . . . .
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RERA decides to revisit it's own order to re-look at flat buyers complaints

By MayankWadhera

Recently the Maharashtra Real Estate Appellate Tribunal remanded a case to Chairman, MahaRERA for deciding the complaints afresh as the e . . . . . . . .

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Tax benefits for senior citizens under Income Tax Act

By MayankWadhera

There are a plethora of benefits that the government has made available for senior citizens so that they can . . . . . . . .

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GST Implications: Supply by SEZ unit from unit located in non SEZ area

By MayankWadhera

GST Implications: Supply by SEZ unit from unit located in non SEZ area

. . . . . . . .
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Income-tax Act prevails over Canon Law; Salary received by Nuns/Missionaries is taxable

By MayankWadhera

Union of India v. Society of Mary Immaculate (Tamil Nadu) – [2019] (Madras)

The Nuns, Sister . . . . . . . .

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Casual Taxable Person under GST

By MayankWadhera

A casual taxable person is a person who undertakes transactions to supply goods or services occasionally in a taxable territory where he . . . . . . . .

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GST on Sale of Land & Building

By MayankWadhera

As per S. 7 of the CGST Act, 2017, GST is applicable on supply of goods or services. Schedule II of the CGST Act, 2017 provides the activ . . . . . . . .

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Liable to pay tax under RCM! Issue payment voucher to supplier.

By MayankWadhera

Under GST, various vouchers are issued. One such voucher is payment voucher. It is required to be issued when the goods or services are s . . . . . . . .

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Composition Scheme for Service Providers

By MayankWadhera

Composition scheme is a simplified scheme for the small taxpayers under GST. According to this scheme, they can get rid of tedious GST fo . . . . . . . .

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Advance Tax

By MayankWadhera

Now-a-days all assessees must be receiving a reminder message for paying advance tax by 15.03.2019. But why advance tax? The answer to th . . . . . . . .

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Searching for investment options offering equity returns at lower risk? See below!

By MayankWadhera

We all want to invest in venture which gives us higher returns but same time without minimum risk of principal investment. So, we all sea . . . . . . . .

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If books of accounts are not at registered office – File FORM AOC-5

By MayankWadhera

As per Companies Act, 2013, every company is required to keep books of accounts, financial statements etc. at its registered office as we . . . . . . . .

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Increased GST Threshold Limit

By MayankWadhera

CBIC on 07.03.2019 issued Notification no. 10/2019-Central Tax & Notification no. 14/2019-Central Tax notifying the increased thresho . . . . . . . .

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Refund of unavailed credit before GST in Cash

By MayankWadhera

Chandigarh CESTAT bench in the case of M/s Great India Steel Fabricators v. CCE appeal No. E/60833, 60836/2018 dated 14.02.2019 observed . . . . . . . .

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Relief from Angel tax effective from 19.02.2019

By MayankWadhera

On 19.02.2019, Ministry of Commerce & Industry (DPIIT) issued a notification regarding relief for startups from angel tax which shall . . . . . . . .

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The Banning of Unregulated Deposit Schemes Ordinance, 2019

By MayankWadhera

The President on 21.02.2019 while exercising his powers under article 123 of the Constitution promulgated an ordinance namely, “The . . . . . . . .

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MCA: Repealed the Company Act, 1956 w.e.f. 30.01.2019

By MayankWadhera

MCA in its notification dated 30.01.2019, announced that the provisions of S. 465 of the Companies Act, 2013 will come into force on 30.0 . . . . . . . .

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Let out terrace – Rent taxable under head house property

By MayankWadhera

In a recent ruling, ITAT Mumbai bench held that the rent earned from the letting out of the terrace is taxable under the head “Inco . . . . . . . .

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Have multiple place of business in same State/UT? – Get Separate Registration

By MayankWadhera

As per S. 22 of the CGST Act, 2017 (Act), every Business who is supplying goods/services as per S. 7 of the Act is required to get itself . . . . . . . .

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Work required after incorporation under Companies Act, 2013

By MayankWadhera

When a company is registered under the Companies Act, 2013 (Act), it is considered as a juristic person for the purposes of law. As it be . . . . . . . .

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GST: Recent Advance Authority Rulings

By MayankWadhera

Advance Rulings are the mechanism which provides a forum for the taxpayers to clarify their doubts regarding interpretation of the statut . . . . . . . .

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RCM Amendment Effective from 01.02.2019

By MayankWadhera

Reverse charge mechanism (RCM) is a mechanism in which the liability to pay tax rests on the Service/Goods recipient & not on the Ser . . . . . . . .

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Non-Residents: No need to furnish PAN for Transfer of equity shares

By MayankWadhera

On 11.02.2019 SEBI issued a circular giving relaxation to the non-residents from the requirement of furnishing a copy of PAN for transfer . . . . . . . .

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Link Aadhar-PAN by 31.03.2019

By MayankWadhera

On 14.02.2019, CBDT released a press release which reiterates the mandatory linking of Aadhaar-PAN which has to be completed till 31.3.20 . . . . . . . .

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LTCG tax benefit: Can sell multiple flat for buying a new one

By MayankWadhera

Recently, ITAT Mumbai bench giving a big relief to the taxpayers held that for the purposes of Section 54 of Income Tax Act, 1961 (A . . . . . . . .

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S. 2(15): Creating awareness about HIV/AIDS falls under medical relief category

By MayankWadhera

On 23.01.2019, ITAT Delhi bench gave a significant pronouncement that activities of giving medical relief to patients & Creating awar . . . . . . . .

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Clarifications on SEBI (Depositories & Participants) Regulations, 2018

By MayankWadhera

On 03.10.2018, SEBI issued new regulations for depositories & participants by the name of SEBI (Depositories & Participat . . . . . . . .

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Format of Annual Secretarial audit & Compliance report

By MayankWadhera

SEBI vide its circular CIR/CFD/CMD1/27/2019 dated 08.02.2019 unveiled the format for annual secretarial audit report & annual secreta . . . . . . . .

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GST Benefits for Startups

By MayankWadhera

On 01.07.2017, one of the biggest tax reforms was introduced in India in form Goods & Services Tax (GST). The idea of introducing GST . . . . . . . .

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Companies (Significant Beneficial Owners) Amendment Rules, 2019

By MayankWadhera

MCA on 13.06.2018 issued a Companies (Significant Beneficial Owners) Rules, 2018 (SBO rules) for bringing transparency to the manner in w . . . . . . . .

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BUDGET 2019 HIGHLIGHTS

By MayankWadhera

On 01.02.2019, the leaving NDA government presented its last budget i.e. interim budget for the financial year 2019-2020 containing vario . . . . . . . .

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Requirement to have a Certificate of Commencement of Business reintroduced by MCA

By MayankWadhera

On 02.11.2018, Government issued The Companies (Amendment) Ordinance, 2018 which amended various provisions under the companies act, 2013 . . . . . . . .

Read Now

FURNISHING INFORMATION ABOUT PAYMENT TO MICRO & SMALL ENTERPRISES: MSME FORM 1

By MayankWadhera

Central government on 22.01.2019 notified MSME Form 1 for furnishing details of payment due to Micro & Small Enterprises (hereinafter . . . . . . . .

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CHOOSING A COMPANY NAME FOR YOUR STARTUP

By MayankWadhera

When a company is set up, it is considered as separate legal entity. So, it also requires a name for identification & recognition pur . . . . . . . .

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HOW TO START YOUR OWN ONLINE BUSINESS

By MayankWadhera

With the development of technology & expansion of internet community, world is witnessing worldwide growth in trade/commerce through . . . . . . . .

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2019 BUDGET EXPECTATIONS

By MayankWadhera

Budget 2019, last budget of current NDA Government is expected to see various announcements to woo voters. This budget is different from . . . . . . . .

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ALL ABOUT FSSAI: FOOD SAFETY & STANDARDS AUTHORITY OF INDIA

By MayankWadhera

Food Safety & Standards Authority of India commonly known as FSSAI is an authority which controls & supervises the food safety fo . . . . . . . .

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GST Exemption Limit increased: Major Relief to MSME

By MayankWadhera

GST Council in its 32nd Meeting held today has announced major reliefs to the Small Businesses by increasing the Exemption Limit for taki . . . . . . . .

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Common Tax Saving Approach under Income Tax

By MayankWadhera

Every person who is earning any kind of income is liable to pay income tax. However, the taxpayer tries every possible way to pay less ta . . . . . . . .

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DOCUMENTS TO BE KEPT READY BEFORE FILING ITR

By MayankWadhera

Every taxpayer has a duty to file his/her Income tax Return (ITR) by due date prescribed. Otherwise on missing deadline taxpayer will hav . . . . . . . .

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FINANCE ACT 2018 & INCOME TAX CHANGES FOR SALARIED CLASS TAXPAYERS

By MayankWadhera

Every person who earns any income and exceeds the basic exemption limit of Rs. 2.5 Lac is required to pay Income tax to government as per . . . . . . . .

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WHICH IS BETTER OPTION FOR STARTUPS: A LLP OR A PRIVATE LIMITED COMPANY?

By MayankWadhera

For a startup, one of the most important decisions in beginning is to decide whether to incorporate itself as Limited liability Partnersh . . . . . . . .

Read Now

SUMMARY OF CENTRAL TAX RECENT NOTIFICATIONS

By MayankWadhera

Summary of Central tax notifications issued on 31.12.2018:

Notification No. 67/2018 dated 31.12.2018

Extension of tim . . . . . . . .

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GST: 18 MONTHS JOURNEY & ITS WAY AHEAD

By MayankWadhera

No doubt introduction of Goods and Service tax (GST) is one of the biggest and important tax reforms in the history of indirect taxation . . . . . . . .

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Can a Taxpayer claim HRA Deduction on the rent paid to spouse?

By MayankWadhera

Circulars issued by the Income tax department (ITD) just propose investigating HRA game plan to learn that they are not a hoax. House ren . . . . . . . .

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ANGEL TAX: A Nightmare for Startups

By MayankWadhera

All in all, what is Angel Tax? 

Angel Tax is a 30% tax that is levied on the funding received by startups from an external . . . . . . . .

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ANTI-PROFITEERING AUTHORITY SLAPS RS. 383 CRORE PENALTY ON HUL

By MayankWadhera

The GST anti-profiteering watchdog, National Anti-profiteering Authority (NAA) slapped heavy penalty on consumer goods maker Hindustan Un . . . . . . . .

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Income Tax Rule change 2018: Must Read points for the Upcoming year

By MayankWadhera

This financial year (2018-19) has witnessed a lot of amendments to the income tax rules, which were introduced in the Budget 2018. The in . . . . . . . .

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THINGS SMALL BUSINESSES HAS TO DO BEFORE THE YEAR ENDS 31ST DEC

By MayankWadhera

A vast extent of business have December as their Bookkeeping and Money related Year End – so it's the perfect time to return on . . . . . . . .

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All About Secretarial Audit

By MayankWadhera

Secretarial audit is done in order to verify the compliance of various legislation including the Companies Act and other corporate and ec . . . . . . . .

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GST Council: Key Reliefs for Common man

By MayankWadhera

The GST Council, headed by Finance Minister Arun Jaitley, today slashed rates on 17 goods and six services, such as televisions, movie ti . . . . . . . .

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NEW YEAR RESOLUTIONS FOR ENTREPRENEURS

By MayankWadhera

Enhance your sales development 

Catching up with prospects and previous clients is a surefire approach to support your inc . . . . . . . .

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How Trade Receivable Discounting System TReDS works?

By MayankWadhera

The Trade Receivables Discounting System, known as TReDS, is a business setup in which the micro, small, and medium enterprises (MSMEs) c . . . . . . . .

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How GST is leading to Hawala Transactions?

By MayankWadhera

West Bengal Finance Minister Amit Mitra lashed out at the planning of execution of the GST and asserted that hawala transactions have exp . . . . . . . .

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Hike in Cable and DTH service will create mess for Customers and Cable Operators soon

By MayankWadhera

TRAI's tariff order for TV channels should streamline life for cable and DTH operators and their clients. Be that as it may, given th . . . . . . . .

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Do Bloggers need to pay for GST?

By MayankWadhera

Each website publisher or a blogger profits online through promotions or moving digital books or through associate showcasing. Goods and . . . . . . . .

Read Now

Copyright of a Software in India

By MayankWadhera

In India, the software has generally been ensured under Copyright Act, 1957 as a software program. COMPUTER software, otherwise called CO . . . . . . . .

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Must Read these Guidelines before Appearing in GST Practitioner Examination

By MayankWadhera

Following are the Guidelines for the Candidates appearing in GST Practitioner Examination:

A. Guidelines for filling up applica . . . . . . . .

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EVERY TAXPAYER HAS TO FILE GSTR-9 ?

By MayankWadhera

Form GSTR-9 is an annual return form to be furnished by all registered taxpayers once in a year under GST including those taxpayers who a . . . . . . . .

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EXAMINATION FOR CONFIRMATION OF ENROLLMENT OF GST PRACTITIONERS and Free Mockup test

By MayankWadhera

EXAMINATION FOR CONFIRMATION OF ENROLLMENT OF GST PRACTITIONERS

 

The National Academy of Customs, Indirect Taxe . . . . . . . .

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Mockup Exam for GST Practitioners : Basic Level

By MayankWadhera

Goods and Service Tax - Basics

*Required

Email address *

Your email address

Mobile Number&nb . . . . . . . .

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HSN Code Finder and GST Rate Finder- Legal Suvidha

By MayankWadhera

1. What is the HSN Code?

The Harmonized Commodity Description and Coding System generally refers to “Harmonized Syst . . . . . . . .

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Solution for the problem faced by Taxpayers while filing GSTR-1 due to GSTR-6 open due date

By MayankWadhera

Before explanation of the issue faced by taxpayers due to open due date of GSTR -6 and resolution let us go through the basic requirement . . . . . . . .

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GST Group of Ministries and Govt. Officials Panel to Deliberate on Re-introduction of Reverse Charge

By MayankWadhera

A Group of Ministers (GoM), along with a panel of government officials will meet today to deliberate on bringing back the liability to pa . . . . . . . .

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Compliance of a ONE PERSON COMPANY

By MayankWadhera

ONE PERSON COMPANY COMPLIANCE

The One Person Company was introduced in the Companies Act to make sure a sole entrepreneur could . . . . . . . .

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Copyright Registration Meaning and Advantages

By MayankWadhera

Copyright protection provides a vital incentive for the creation of many intellectual works. Without copyright protection, it would be ea . . . . . . . .

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Things a professional considers while doing your Income Tax return filing

By MayankWadhera

Soon, it will be time for file your tax returns for the past financial year. If you have paid excess tax during the year through tax dedu . . . . . . . .

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Limited Liability Partnership Annual Compliance and Upcoming Due Dates

By MayankWadhera

The first thought which come in mind when we hear the word compliance is burden but in case of LLP it is not. The main feature why LLP at . . . . . . . .

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All about New Income Tax return filing requirements for F.Y. 2017-18

By MayankWadhera

The new ITR forms for 2018-19 notified on Thursday make it mandatory for small businesses to specify their GSTIN and turnover under GST.< . . . . . . . .

Read Now

Income Tax Return Filing changes Applicable from 1st April 2018

By MayankWadhera

Although no changes were made in the income tax rates for individuals, in view of the many positive changes made by the Modi government i . . . . . . . .

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FSSAI to reclassify food businesses to align with GST

By MayankWadhera

Under the GST regime, implemented from July 1, 2017, businesses with an annual turnover of over Rs 20 lakh are required to pay GST.

. . . . . . . .
Read Now

7 must read pointers before 31st March,2018 : A Quick Checklist

By MayankWadhera

We all are aware that end of the financial year 17-18 is approaching. 31st March, 2018 is an important date to remember for individuals a . . . . . . . .

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A step by step guide to check your Income Tax Return status online and offline

By MayankWadhera

Income tax returns (ITR) filing: Filing income tax returns and tracking it later use to be a tough task. But thanks to e-filing and the g . . . . . . . .

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84 Percent Taxpayers Reported Incorrect Revenue Statements in GST

By MayankWadhera

With only 16 percent of the summary sales returns under GST matching with the final returns, the revenue department has started to analys . . . . . . . .

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Investment Options with 80C deduction benefit alongwith exemption on yield

By MayankWadhera

You have last few days left with you for making your tax-saving investments. The investment need to be done by March 31 in the Section 80 . . . . . . . .

Read Now

Delay in GST Export Refund : PM to meet Top Financial Officers today

By MayankWadhera

The Prime Minister's Office (PMO) has called a meeting of top officials of the commerce and finance ministries on Monday to address t . . . . . . . .

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Beware-of-VPP-SCAM-after-COMPANY-INCORPORATION,-LLP-REGISTRATION-AND-DIN

By MayankWadhera

Details relating to Promoters / Directors of Private Limited Company or Limited Liability Partnership (LLP) have to be submitted to the M . . . . . . . .

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RUN facility of MCA for Company Name Approval

By MayankWadhera

RUN Name Approval

RUN or Reserve Unique Name facility is a service offered by the Ministry of Corporate Affairs (MCA) to simpli . . . . . . . .

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Major Highlights of 26th GST Council Meeting

By MayankWadhera

1. GST Council in its 26th Meeting held under the Chairmanship of the Union FM, Shri Arun Jaitley today in New Delhi sent a strong positi . . . . . . . .

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Filing of Refund Application on Account of Assessment/Provisional assessment/ Appeal/ Any Other Orde

By MayankWadhera

Filing of Refund Application on Account of Assessment/Provisional assessment/ Appeal/ Any Other Order (under CGST Rule 97A/ and relevant . . . . . . . .

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National Financial Reporting Authority (NFRA) – Rules & Powers

By MayankWadhera

The concept and composition of the National Financial Reporting Authority (NFRA) was originally introduced by the Companies Act, 2013. Th . . . . . . . .

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Difference between Authorized Capital and Paid up Capital

By MayankWadhera

Authorised Capital of a Company

The authorised capital of a company is the maximum amount of share capital for which shares can . . . . . . . .

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Authorized Capital for Private limited company

By MayankWadhera

Authorised Capital for Private Limited Company Registration

Many of the Entrepreneur’s starting a new private limite . . . . . . . .

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GST on bus body building, retreading of tyres, Priority Sector Lending Certificates etc..

By MayankWadhera

Clarifications issued by CBEC for GST on bus body building, retreading of tyres, Priority Sector Lending Certificates etc.

&nbs . . . . . . . .

Read Now

SINGLE WINDOW INTERFACE FOR FACILITATING TRADE : SWIFT an initiative of CBEC

By MayankWadhera

After reading the below mentioned pointers you will be able to understad the meaning of Swift scheme launched by CBEC and what are the be . . . . . . . .

Read Now

Annual Compliance for Limited Liability Partnership by Legal Suvidha

By MayankWadhera

Compliance for LLP

Limited Liability Partnership (LLP) is a type of business entity sharing features of a part . . . . . . . .

Read Now

Forms Available for Condonation of Delay Scheme-2018 at MCA Portal

By MayankWadhera

MCA has introduced Condonation of Delay Scheme-2018 vide its General Circular No. 16/2017 dated 29.12.2017 to Provide relief to Defaultin . . . . . . . .

Read Now

CBEC Advisory on Clearance of Invoice Mismatches for timely issuance of IGST Refund

By MayankWadhera

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Customs

. . . . . . . .
Read Now

Quarterly GST Return Filing Process may extend for all Taxpayers

By MayankWadhera

The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for al . . . . . . . .

Read Now

GST Return GSTR-3B Filing Process is now made more User Friendly

By MayankWadhera

GSTN have modified few aspects of GSTR 3B filing with effect from 21 Feb 2018. Filing GSTR-3B is now made more User friendly

Fo . . . . . . . .

Read Now

Steps to get your Business Recognised at STARTUP INDIA portal

By MayankWadhera


 

What do you need to start a business? Three simple things: know your product better than anyone, know your custo . . . . . . . .

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Income Tax Compliance requirements increased for Charitable and Religious trusts

By MayankWadhera

The Finance Budget 2018 has brought fundamental changes in the relief provided to hospitals, educational institutions, trusts and funds r . . . . . . . .

Read Now

How Nirav Modi did fraud of INR 11,300 Crore

By MayankWadhera

Diamonds are rare, so are the chances of a diamantaire defrauding a bank of more than Rs 11,300 crore. PNB's Brady House branch, less . . . . . . . .

Read Now

Changes expected in E-way bill process

By MayankWadhera

The government is looking at complete overhaul of the electronic-way-bill (e-way-bill) system under the goods and services tax (GST) regi . . . . . . . .

Read Now

Income Tax Changes from April 2018 onwards

By MayankWadhera

Ten Income Tax Rules That Will Change From April 2018

 

In Budget 2018, Our Finance Minister ha . . . . . . . .

Read Now

Compliance required after Formation of your Private Limited Company

By MayankWadhera

1. APPOINTMENT OF STATUTORY AUDITOR

Pursuant to section 139(6) (1) the first auditor of the company, (who is Chartered Accounta . . . . . . . .

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Reduction in Rates by GST Council

By MayankWadhera

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force

Con . . . . . . . .

Read Now

100 Practical Issues and Solutions on E-way Bill

By MayankWadhera

1. Who all can generate E-Way Bill?

Ans: Every registered person who causes movement of goods of consignment value exceeding fi . . . . . . . .

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Incorporate Company with Zero Fee 26th January 2018 onwards

By MayankWadhera

The Ministry of Corporate Affairs (MCA) has contributed significantly towards improvement of ranking in Ease of Doing Business in the cou . . . . . . . .

Read Now

Myths and Facts about Aadhaar

By MayankWadhera

Q 1: UIDAI has all my data including biometrics, bank account, PAN, etc. Will they be used to track my activities?

A: Absolutel . . . . . . . .

Read Now

Download the Latest GST Notifications of the year 2018

By MayankWadhera

The Central Government has made certain modifications and changes in the GST Rules and the Procedures in 2018 and has issued the below No . . . . . . . .

Read Now

Important Points of 25th GST Council Meeting held on 18th Jan 2018

By MayankWadhera

Policy Changes recommended by the 25th GST Council Meeting

The Union Finance Minister Shri Arun Jaitley Chaired the 25 Meeting . . . . . . . .

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How to Register for E-way Bill System

By MayankWadhera

As it is well known that the GST Council has decided to implement the e-way bill mechanism throughout the country from February 1,2018. I . . . . . . . .

Read Now

Important Recommendations to GST Council

By MayankWadhera

Following are the recommendations given by Law board to be taken up for discussion in 25th GST Council meeting to be held on 18th January . . . . . . . .

Read Now

Budget 2018 Expectations for Various Sectors

By MayankWadhera

As the countdown to Budget 2018 begins, We expect the government to provide a boost to consumption via higher allocation for rural orient . . . . . . . .

Read Now

Important Instructions to issue the Tax Invoice correctly under GST

By MayankWadhera

A person registered under GST supplying taxable goods shall, before or at the time of removal of goods for supply to the recipient, issue . . . . . . . .

Read Now

Change in the process of Obtaining DIN for Incorporation of Company

By MayankWadhera

MCA proposes change in the process of obtaining fresh DIN ( DIRECTOR IDENTIFICATION NUMBER)

It is proposed to reengineer the pr . . . . . . . .

Read Now

ICAI Made Representation to CBEC to extend the Due Date of GSTR 1 and Tran 1

By MayankWadhera

The Below Representation is made by tha Institute of Chartered Accountants (ICAI) who are playing a vital role in the Smooth GST Implemen . . . . . . . .

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Simplifying the Invoice Matching Process - Next GST Council Meeting Agenda

By MayankWadhera

Simplifying the invoice matching process to check tax evasion and the revenue leakages under the composition scheme will dominate discuss . . . . . . . .

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Demand for extension of deadline for GST return by CAIT

By MayankWadhera

The deadline for filing GSTR-1 for July-November, 2017, will end tomorrow. The Finance Ministry had last month extended the due date for . . . . . . . .

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Get Ready for the e-way Bill under GST

By MayankWadhera


 

Under the roll out of Goods and Services Taxes (GST) last year, transporters are required to carry an electronic . . . . . . . .

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Checkout the best Tax Saving Investments which suits you the most

By MayankWadhera

While investing in a tax-saving instrument or any financial product for that matter, it is important to keep an eye on the taxability of . . . . . . . .

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Clarifications on Levy of GST on Supply of Services issued by CBEC

By MayankWadhera

The CBEC has published some clarifications on the levy of supply of some services due to the reason that many Representations were receiv . . . . . . . .

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Companies Amendment Act 2017 : Key Points

By MayankWadhera

Key Highlights of the Companies Amendment Act 2017:

1. Name reservation in case of new company Incorporation shall be valid for . . . . . . . .

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New GST Flyers issues by CBEC-NACIN

By MayankWadhera

Flyers on important topics of GST are being brought out by the National Academy of Customs, Indirect Taxes, &Narcotics (NACIN),the ap . . . . . . . .

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Statutory Due Date for the Month of January,2018

By MayankWadhera

Statutory Due Dates for the month of January 2018

07-01-2018 Income Tax Due date for deposit of Tax deducted/ collected for the . . . . . . . .

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Raids on angadias to crack down on Jewelers, traders for tax evasion conducted by GST officials

By MayankWadhera

GST officials expect tax evasion worth over Rs 300 crore through the angadia route. The department has booked more than 200 angadia opera . . . . . . . .

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Top VAT Tips for UAE Entrepreneurs to Avoid Penalties

By MayankWadhera

For the first time, United Arab Emirates (UAE) has implemented Value Added Tax (VAT) on businesses in the country effective from 1st Jan . . . . . . . .

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Equalisation Levy : Explained

By MayankWadhera

Introduction

EQL was introduced in the Union Budget 2016 and is included in the Chapter VIII of the Finance Act 2016. The Govt. . . . . . . . .

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Download the Latest GST FAQs Updated on 01. 01.2018

By MayankWadhera

Download the Latest FAQs on GST Updated on 01.01.2018           Click Here to Download

The compil . . . . . . . .

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Anti-Profiteering Authority served Notices to Alleged Entities

By MayankWadhera

Anti-profiteering notices were served to at least five companies, including a Honda dealer, Hardcastle Restaurants, McDonald's franch . . . . . . . .

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Important GST Notification dated 1 Jan 2018

By MayankWadhera

The GST Regime has been continuously bringing many changes in order to ease the Taxpayer in one or the other way. And One of the Benefici . . . . . . . .

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Start your Income Tax Planning Before the Financial Year EndS

By MayankWadhera

Deduction under Section 80C: Explained

Section 80C of the Income Tax Act replaced the Section 88 with almost the same investmen . . . . . . . .

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All About Condonation of Delay Scheme 2018

By MayankWadhera

Condonation of Delay Scheme 2018 is formulated to provide a three-month window for defaulting companies and their director to submit thei . . . . . . . .

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GST Return Deadline 31st December : Some Important Guidelines

By MayankWadhera

As we come close to another year, the GST Returns Due Date is also coming closer with just 3 days left. The Deadline of the GST Returns G . . . . . . . .

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All About FRDI, Financial Resolution and Deposit Insurance Bill

By MayankWadhera

The government will introduce a new bill in Parliament in the winter session called the Financial Resolution and Deposit Insurance (FRDI) . . . . . . . .

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Drafting of New Direct Tax Law Started after the Launching of New Indirect Tax Regime

By MayankWadhera

The finance ministry sets up a six-member task force to draft a new direct tax law that will better serve the country’s economic ne . . . . . . . .

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National Anti-profiteering Authority (NAA) under GST

By MayankWadhera

The Union Cabinet on Thursday approved setting up of the proposed National Anti-profiteering Authority (NAA) under the goods and services . . . . . . . .

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Major Reliefs to the Taxpayers Recommended by the 23rd GST Council Meeting

By MayankWadhera

The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has recommended the following facilitative measures for taxp . . . . . . . .

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Alert: Raids by GST Department are conducted for GST Frauds

By MayankWadhera

A recent crackdown by the Legal Metrology department of Telangana government has exposed a massive Goods and Services Tax (GST) fraud her . . . . . . . .

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New Compliance for VAT Dealers Registered under GST

By MayankWadhera

Now it is the time for the Delhi Taxpayers for an Additional VAT Compliance which is the Disclosure of the Details of the Closing Stock.< . . . . . . . .

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Attention: Recent Recommendations made by the GST Council

By MayankWadhera

The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and . . . . . . . .

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How can the Taxpayers change the GST Registration Particulars

By MayankWadhera

Application for Amendment in Registration Particulars (for both core and non-core) service is available on the portal now. Taxpayers who . . . . . . . .

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Have you made Mistakes while filing GSTR-3B, Here is the Solution

By MayankWadhera

Fortunately we have entered in the era of GST Regime and have done our GST Registrations also as per the GST Law. Now it is the time to g . . . . . . . .

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Steps to follow for First two months Compliance under GST

By MayankWadhera

 Through this article let’s have a look on how the compliance under GST will be done for the first two months i.e. July, 2017 . . . . . . . .

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GST on Textile Sector: Explained

By MayankWadhera

Nowadays A lot of questions are arising in the minds of the traders dealing in various sectors regarding the levy of GST,Rate applicable . . . . . . . .

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Download the Timelines for Applying GST Registration

By MayankWadhera

Click Here to Download the Timelines for Applying GST Registration

As per the GST laws, one is required to take registrati . . . . . . . .

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Checkout the GST Holiday List for your State

By MayankWadhera

Click Here to view the GST Holiday List for Your State.

Since the Government has declared on the GST Portal that the Regis . . . . . . . .

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All about Composition Scheme under GST

By MayankWadhera

Composition Levy under GST is well explained in this article with the help of these Questions and Answers:

Q 1. What is composi . . . . . . . .

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A Complete Guide for Registration Process under GST

By MayankWadhera

Here is the Complete guide for the end to end GST Registration Procedure for the New Taxpayers as well as Existing Taxpayers with the wel . . . . . . . .

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Have Questions on GST? Click here to get the Answers

By MayankWadhera

In order to clear the people's doubts on GST, the Central Board of Excise and Customs(CBEC) has attempted to respond to 100 such ques . . . . . . . .

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GST Notifications Manual (Simplified)

By MayankWadhera

Central Tax (Rate ) Notifications

1. If a Registered person dealing in the buying and selling of second hand goods, received an . . . . . . . .

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Are you Ready for the Changes coming into effect on July 1 ?? by Legal Suvidha

By MayankWadhera

Although July 1 is well known for the Rollout of India's Biggest Reform GST and is set to enter into history books, but there are sev . . . . . . . .

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A Complete GST Guide: GST Act, Rules and Formats 2017

By MayankWadhera

GST Act 2017

Central Goods and Service Tax (CGST) Act 2017 Click Here

Integrated Goods and Service Tax (IGST) Ac . . . . . . . .

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Be Ready with the List of Documents Required for Fresh GST Registration to be started on 25 June

By MayankWadhera

Stage is all set for the India's Biggest Taxation Reform greeting on 1 July 2017. In pursuance of this Regime, the Registration proce . . . . . . . .

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GST is just a week away, Plan your Purchases Profitably

By MayankWadhera

The Goods and Services Tax will be rolled out on July 1 at midnight which is just a week away. The price market is going to change for mo . . . . . . . .

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GST Notifications to be effective from 22 June 2017

By MayankWadhera

Days ahead of the rollout of Goods and Service Tax, the government has notified certain sections in the GST Act dealing with mandatory re . . . . . . . .

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Lets Get Ready for GST - GST Quiz

By MayankWadhera

Countdown begins for GST..

All the four laws that we needed to pass have been passed by Parliament. All states need to pass the . . . . . . . .

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Accounts and Record Rules under GST Finalised

By MayankWadhera

The GST Council on the 16th Council Meeting has finalised the Accounts and Record Rules under GST. Download the Latest Account and Record . . . . . . . .

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Anti-Profiteering Clause under GST- A Boon or A Bane

By MayankWadhera

The anti-profiteering clause has been provided for in the GST Act to ensure that companies or manufacturers who fail to pass on the benef . . . . . . . .

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GST Transition Rules 2017 : Key points

By MayankWadhera

Download the Latest GST Transition Rules and Formats published on 06.06.2017:

Final GST Transition Rules

Final GST Tr . . . . . . . .

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Checkout the Present Tax Rates and GST Rates on Certain Goods

By MayankWadhera

The Council, chaired by Finance Minister Arun Jaitley, at its 15th meeting also decided on rates of yarns, agriculture machinery, apparel . . . . . . . .

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GST Return Rules and Formats Finalised

By MayankWadhera

The GST Council in its 15th Meeting cleared the pending rules, including transition provisions and returns, with all the states agreeing . . . . . . . .

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Beware of Dealing with Non-Compliant Businessman in GST

By MayankWadhera

The 'One Nation One tax' goal seems close to becoming a reality in less than a month. Therefore it is important for the Tax payer . . . . . . . .

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Now it is your turn to be GST Ready

By MayankWadhera

As the proposed GST Rollout date is coming close day by day, a question is arising that Is the Industry and Trade ready for the GST Rollo . . . . . . . .

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Why GST Compliance is important for Trade and Industry?

By MayankWadhera

• Trade and industry will be assigned a 'Compliance Rating' based on their credibility with regard to timely deposit of taxe . . . . . . . .

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Things you should know about GST Return Filing

By MayankWadhera

Small businesses are the backbone of Indian economics. They drive the velocity of country's economics, industrial growth, and catalys . . . . . . . .

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Goods and Services get Cheaper or Costlier from 1st July??

By MayankWadhera

The Goods and Services Tax (GST) has moved closer to the July 1 deadline with the government finalised tax slabs for various goods and se . . . . . . . .

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List of Services under Reverse Charge in GST

By MayankWadhera

The Rates of services were decided on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council . . . . . . . .

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List of Exempted Services under GST

By MayankWadhera

The GST Council in its meeting on 19th May 2017 finalised the list of services exempted from the levy of Goods and Service Tax (GST). Mos . . . . . . . .

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High Sea Sales under GST

By MayankWadhera

Meaning of High Sea Sales:

High Sea sales (HSS) is a sale carried out by the carrier document consignee to another buyer while . . . . . . . .

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Impact of GST on Real Estate Sector

By MayankWadhera

The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since . . . . . . . .

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Different Aspects of Registration under GST

By MayankWadhera

The Government is making endless efforts to launch the GST from July 1 which is hardly two months away. Moreover 60 lakh taxpayers have m . . . . . . . .

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GST Impact on Textile Industry

By MayankWadhera

The Goods and Service Tax (‘GST’), considered India’s biggest and most historic tax reform is just around the corner. T . . . . . . . .

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Input Tax Credit under GST: Negative List

By MayankWadhera

The input tax credit will not be available in respect of the following:

(A) Motor Vehicles and other Conveyances

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