Articles by CA Umesh Sharma

E-invoicing: The new lighting of GST this Diwali!

CA Umesh Sharma 09 November 2020 at 14:45

The E-Invoicing system in GST was launched on 1st October 2020. E-Invoicing has successfully completed a month on 31st October 2020. How has it brightened the GST system?

Cleaning & Maintenance of Books of Accounts on the occasion of Diwali!

CA Umesh Sharma 02 November 2020 at 14:30

In this article, we discuss what should be done of old records of Books of accounts under various Acts, so that cleaning business places w.r.t. of old books of accounts can be done.

Dussehra gift of date extension, but what about Diwali gift of ITC?

CA Umesh Sharma 27 October 2020 at 09:58

Due to the COVID-19 pandemic, various taxpayers are facing issues while claiming ITC. Thus, three important recommendations have been made by 53 GST and Trade Associations regarding this.

9 New Changes in GST on the occasion of Navratri

CA Umesh Sharma 19 October 2020 at 15:05

The GST department has brought 9 new updates for the taxpayers to ease the compliance processes, and to further automate the compliance procedure. Let us understand those updates.

Taxpayers, Correct ITC errors of FY 19-20 before Sept 2020 GST return

CA Umesh Sharma 13 October 2020 at 10:04

What should the taxpayer keep in mind on the Outward side while filing GST Returns of September 2020 month? Let us discuss this.

New Issue: Is GST leviable on Notional Interest on security deposit of Rent?

CA Umesh Sharma 06 October 2020 at 10:24

Whether notional interest on the security deposit paid by the tenant should be taken into consideration for the purposes of arriving at the total value from rental, or not? Let us discuss.

TCS on GST, But No GST on TCS - Understanding the practicality of Section 206C (1H)

CA Umesh Sharma 29 September 2020 at 10:29

TCS u/s 206C (1H) will be effective from 1st October 2020 onwards. Let us discuss some of the things that are not clear regarding this provision.

TCS on Sales of Goods under Income Tax w.e.f 1st Oct 2020 - FAQs and Key Points

CA Umesh Sharma 22 September 2020 at 12:09

Amendment made in Section 206C (1H) of the Income Tax Act regarding the liability to collect TCS @ 0.1%, on the sale value exceeding Rs. 50 lakh for each buyer...

This September - Tarikh pe Tarikh!

CA Umesh Sharma 15 September 2020 at 09:06

Krishna, half-year of 2020-21 is about to end. Along with the same, there are many due dates to be complied with in the same month. Please tell me which are those due dates? asks Arjuna