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This article contains various Compliance requirements under Statutory Laws. Compliance means 'adhering to rules and regulations.' Compliances under: 1. Compliance Requirement Under Income Tax Act, 1961 2. Compliance Requirement Under Goods & Services Act, (GST) 2017 3. Compli..

Posted in Income Tax  14 comments |   11326 Views

Debit Note in GST vs Accounts

  CA Arun Chhajer    02 May 2019 at 11:22

DEBIT NOTE Meaning In Accounts ,Debit Note can be raised either by Supplier or by Recipient. However as per Section 34 of CGST Act 2017, Debit Note can only be issued by the Supplier to the recipient. In other words, we can say that a Debit note cannot be raised by the recipient in GST. S..

Posted in GST  12 comments |   10446 Views

.style1 { text-align: left; } Introduction: GST council, in its 34th Meeting, has introduced new rates for real estate sector which are effective from 1st Apr'19 vide notification no. 3/2019 - IGST (Rate) dated 29.03.2019 (similar notification issued in Central Tax as well). Ongoing ..

Posted in GST  11 comments |   5650 Views

The Employee Provident Fund (EPF) is an investment and more beneficial scheme enacted by the Government in the common interest of employees. In this scheme, the employer and employee, both are required to contribute an amount which is calculated on the basic wages, dearness allowance and retaining..

Posted in Income Tax  16 comments |   5650 Views

Thanks to Right to Information Act, now students can get certified copies at nominal cost !! Today, I have a great news to share with you all, especially for the students of Professional courses viz., CA - Chartered Accountancy, CS - Company Secretary, CMA - Cost and Management Accountancy and al..

Posted in Students  17 comments |   5462 Views

Your Parents gave you the name, its for you to add the word "CA" in front of it. Thats what make this degree special. Its a recognition for the hardwork you put in, for the sleepless nights you spend for studying, for the hope that kept you going in your tough times. Its what that will mak..

Posted in Students  30 comments |   5381 Views

• Real estate industry is one of the most important pillars of the Indian economy. Real estate industry contributes between 6- 8% to India's Gross Domestic Product (GDP) and it stands second after IT industry in terms of employment generation. • With multiple taxes applicable prev..

Posted in GST  3 comments |   5251 Views

What is TDS? TDS stands for Tax Deduction At Source. It means that when an Individual/Organization/persons making the specified payment which are mentioned under Income Tax Act, 1961 to another person than that Person (who is making the payment) has to deduct the TDS when the amount of the paymen..

Posted in Income Tax  20 comments |   5073 Views

How to map GSTR 1 vs GSTR 3B GSTR-1, filed by the supplier, contains invoice-wise and category-wise details of all outward supplies made in a year GSTR-3B is the summary return based on which tax is deposited by the supplier. It contains category-wise summary of both inward and outward supplie..

Posted in GST  10 comments |   5070 Views

We are in conversation with Pulkit Arora, AIR 3 in the November 2018 New syllabus Final CA examination. 1. Thank you Pulkit for chatting with us. Why don't you tell us something about yourself? I was born in Jodhpur; I completed my schooling from Ahmedabad and graduated from Scottish Churc..

Posted in Students  11 comments |   4974 Views

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