Invoicing under GST As per Section 31 and GST Invoicing Rules

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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 […]

ROC Annual Compliance – Private Limited Company

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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 […]

Invoicing under GST

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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 […]

INPUT TAX CREDIT MECHANISM UNDER GST REGIME

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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 […]

Impact of GST on Professionals Like :CA/CS/CWA

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Taxable Event – Supply The taxable event for levy of GST shall be ‘supply’ of goods and/ or services. Ropa Interior Calvin Klein Mujer The term ‘supply’ is defined inclusively to cover general supply and […]

Union Budget Highlights 2016 on Tax proposals

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Highlights of the UNION Budget 2016 The thrust of tax proposals this year falls in nine categories:- Relief to small tax payers. Measures to boost growth and employment generation. Incentivizing domestic value addition to help […]

Mandatory Compliances for a Private Limited Company in India as per companies Act 2013

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Mandatory Compliances for a Private Limited Company in India as per companies Act 2013: Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to […]

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

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Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) We have audited the internal financial controls over financial reporting of XYZ Limited […]

Rules regarding quoting of PAN for specified transactions amended

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Rules regarding quoting of PAN for specified transactions amended The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types acheter viagra of transactions […]

Various steps in last two years to curb the menace of Black Money both within and outside the country.

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Government takes various steps in last two years to curb the menace of Black Money both within and outside the country. The present Government has taken various decisions and steps to curb the menace of […]