How can I create, submit and file details for the inward supplies in the Form GSTR-2? To create, submit and file details for the inward supplies in the GSTR-2, perform the following steps: Login and Navigate to GSTR-2 page Generate GSTR-2 Summary Enter Details in various tiles Preview GSTR-..

Posted in GST  1 comments |   758 Views




Analyses of notifications dated 13th Oct 2017, to proposals of 22nd GST Council meeting on 6th Oct 2017. GST council meeting was held on 6th Oct 2017 and effect of decisions taken in that meeting was given on 13th Oct 2017 by Notification Nos. 38 to 46. To clarify the decisions taken by the counc..

Posted in GST  0 comments |   573 Views




Introduction: This article discusses in summarized form about 41 notification issued by CBEC in a day to give effect to the decisions of GST Council. CBEC has issued below 41 notifications in a day to give effect to GST Council decisions in 22nd meet. A brief summary of them is as below: ..

Posted in GST  1 comments |   2487 Views




Steps to convert JSON file into Excel format Step-1: Login to GST Portal by using the below link https://services.gst.gov.in/services/login Step-2: Go to return dashboard > select financial year & month and proceed Step-3: In Auto drafted GSTR 2A tab > Click on downlo..

Posted in GST  12 comments |   5096 Views




How can I create, submit and file details for the outward supplies in the Form GSTR-1? To create, submit and file details for the inward supplies in the GSTR-1, perform the following steps: Login and Navigate to GSTR-1 page Generate GSTR-1 Summary Enter details in various tiles Previe..

Posted in GST  2 comments |   1159 Views




In the backdrop of 22nd meeting of GST Council held on 06.10.2017 a few notifications were issued by the CBEC on 13.10.2017. Here is a draft advisory related to those notifications. All these changes shall be effective from 13.10.2017. Changes in the Law (CGST/IGST) Notification No 38/2017 ..

Posted in GST  6 comments |   5758 Views



Enjoy the Crackers Stall of GST!

  CA Umesh Sharma    16 October 2017 at 17:11

Arjuna (Fictional Character): Krishna,On the occasion of Diwali everyone purchase the different types of crackers. Now a days, so much discussion is being made on crackers. In court also, Law and cracker is being co-related with one other.So,how the GST Act will be co related with the firecracke..

Posted in GST  3 comments |   489 Views




The GST Council on October 6, 2017, has introduced slew of reforms in its 22nd meeting held at New Delhi, amidst the anomalies going on in the Trade and Industry on various critical provisions of GST Law and Rules made thereunder. To give effect to the changes suggested, around 41 new notifications ..

Posted in GST  2 comments |   1325 Views




Introduction:  This article discusses in detail about notice to non-filers of GSTR returns. All Taxable persons registered under GST are required to file GST returns periodically. The due date and the type of return to be filed varies based on the type of GST registration obtained by the ..

Posted in GST  5 comments |   12703 Views




All the scheme launched by Mutual Funds should be similar; with having  standard characteristics in each category. It will  help the investors of Mutual Fund to evaluate the different options available before taking a decision. The schemes would be broadly classified in following..

Posted in Others  0 comments |   246 Views



How Letter of Credit Works

  Dev Patel    16 October 2017 at 10:40

Any person involved in the trade is familiar with the term Letter of credit. Letter of credit in general term is an assurance given to remit the amount to the seller through seller's bank, by the buyer's bank, on maturity as per the terms and agreement of agreement between the parties. It is a le..

Posted in Others  1 comments |   562 Views




In our lives we come across different sets of "dos-and-don'ts" for different situations. A closer examination of such rules reveals that these simple lists are actually a storehouse of wisdom. In the world of finance too, there are certain such set of rules, which can do a lot of good for us. ..

Posted in Others  0 comments |   339 Views




1. The window to file Return GSTR 2 for the month of July, 2017 has opened and it can be filed till 31st October, 2017. Since this is a new process for the taxpayers, we have prepared a detailed write up on how to prepare and file Form GSTR 2 on GST portal. The supplies made to you by other reg..

Posted in GST  6 comments |   15895 Views




In previous two articles (published on CAclubindia), we had discussed: Article-1 Basics of Financial Analysis Article-2 Basics of Understanding Business and Industry In the last article, we learned basic rules for understanding business and Industry, now we move forward to some tools, which..

Posted in Audit  2 comments |   634 Views




Background: Regulation 38 of SEBI (LODR): Minimum Public Shareholding (MPS) Regulation 38 under Chapter IV (Obligation of Listed Entity which has listed its specified securities) of securities and Exchange board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, is..

Posted in Corporate Law  0 comments |   1017 Views




The Ministry of Corporate Affairs ('MCA') on September 20, 2017 notified the proviso to Section 2(87) of the Companies Act, 2013 ('Act') and the Companies (Restriction on the number of layers) Rules, 2017 ('Layering Rules'). Prior to said notification, the restriction on the ..

Posted in Corporate Law  1 comments |   1030 Views




Disqualification of Directors - Current status: While there are confusion prevailing over What next after disqualification of Directors? MCA is yet to come out with any official clarification on it. There are many companies which are affected due to the steps taken by MCA. While, the..

Posted in Corporate Law  5 comments |   13479 Views




Stock Exchange Board of India (hereinafter referred as 'SEBI') has setup up committee under the chairmanship of Shri Uday Kotak, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank on 2nd June, 2017, to advice on issues relating to corporate governance. The committee was fu..

Posted in Corporate Law  3 comments |   691 Views




In this Flash editorial, the author referring the provisions relating to POSITION OF INDIVIDUAL AS DIRECTOR due to struck off name of Companies by ROC and HOW TO REMOVE DISQUALIFICATION OF DIRECTOR and the steps taken by the Ministries in this regards. INTRODUCTION: Ministry of Corporate Affai..

Posted in Corporate Law  1 comments |   1059 Views




GST - One Nation One Tax - is an initiative by the Government to eliminate various indirect taxes and incorporate all of them into one, thereby reducing the tax complexity. But five products viz petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation tur..

Posted in GST  21 comments |   8377 Views




Updated on : 18/10/2017 18:36:02


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