Clarify restrictions in availment of input tax credit in terms of Rule 36(4)[i]Rule 36 relates to Documentary Requirements and Conditions for claiming Input Tax..
Changes in Annual Return GSTR-9
Clarification regarding optional filing of Annual Return under GST
Important Changes in Form GSTR-9 and GSTR-9C
When you do business with a client, you expect to be paid for your product or services within stipulated time. But what happens when those payments are late - or don't come at all?
There goes a lot of compliances we need to do before incorporation of a company. However, this is not the end - it is only a beginning of several formalities and compliances. A company can function effectively only after fulfilling these formalities and compliances.�
Recently Central Board of Indirect Taxes & Customs (CBIC) issued a clarification on GST implication on Salaries paid to key management personnel and employees. In this clarification, CBIC clarifies that GST is not applicable to the salary paid to the employees because it is under schedule III of the CGST Act, 2017.
The government changed the Rules & Conditions for claiming the Input Tax Credit (ITC) in GSTR-3B CBIC has inserted the new Sub-rule (4) to Rule 36 with effect from 09.10.2019
The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.
Meet Abhinav Goel a qualified Chartered Accountant who cleared his CA in first attempt, worked in one of the big 4 firms and Google, held the position of Vice President in Finance at American Express and eventually gave his safe, secure and high paying job to follow his passion.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English