Archive for September, 2017

  • Home
  • Archive for September, 2017

E-Commerce GST Applicability

September 22, 2017 | Uncategorized | By CA.Pankaj Kumar Mishra ACA , ISC (Mathematics) ,MCOM | 0 Comments

E-Commerce GST Applicability E-commerce Operator: 1)Section 2(45):- An e-commerce operator : is a person who owns, operates or manages digital or electronic facility or platform for electronic commerce.  2) Section 2(44) Electronic Commerce: “electronic commerce” means the supply of goods or services or both, including digital products over digital or electronic network; Levy & Collections […]

READ MORE

Invoicing under GST As per Section 31 and GST Invoicing Rules

September 16, 2017 | Uncategorized | By CA.Pankaj Kumar Mishra ACA , ISC (Mathematics) ,MCOM | 0 Comments

Section 31(1) : A registered person supplying taxable goods shall, before or at the time of,— a) removal of goods for supply to the recipient, where the supply involves movement of goods; or b) delivery of goods or making available thereof to the recipient, in any other case, issue a tax invoice showing the description, […]

READ MORE

ROC Annual Compliance – Private Limited Company

September 12, 2017 | Uncategorized | By CA.Pankaj Kumar Mishra ACA , ISC (Mathematics) ,MCOM | 0 Comments

ANNUAL COMPLIANCE FILING BASED COMPLIANCE Section 92 (Annual Return)- Every Company shall prepare its Annual Return in Form MGT-7 within 60 days of holding Annual General Meeting. Signing Provision- Annual Return shall be digitally signed by a Director and the Company Secretary; or where there is no Company Secretary by a Company secretary in Practice. […]

READ MORE

Invoicing under GST

September 8, 2017 | Uncategorized | By CA.Pankaj Kumar Mishra ACA , ISC (Mathematics) ,MCOM | 0 Comments

Invoicing under GST GST defines a transaction as ‘Supply’ when there is a transfer, exchange, rental, lease, barter, disposal or license of goods or services. Whenever a transaction takes place, a tax invoice has to be issued depending on the occurrence of any such event or within a prescribed time limit. Hence, every taxpayer registered […]

READ MORE

INPUT TAX CREDIT MECHANISM UNDER GST REGIME

September 8, 2017 | Uncategorized | By CA.Pankaj Kumar Mishra ACA , ISC (Mathematics) ,MCOM | 0 Comments

Input Tax Credit a) Input Tax Credit (ITC) is the backbone of the GST regime. b) GST is nothing but a value added tax on goods & services combined. c) It is these provisions of Input Tax Credit that make GST a value added tax i.e.,  collection of tax at all points after allowing credit for […]

READ MORE