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