The introduction of Goods and Services Tax regime has propelled a new set of taxpayers viz. Online Sellers and Freelancers. While there is a turnover limit of INR 20 lakhs on GST Registration, E-commerce marketplaces have made it mandatory for online sellers [...]
Government Waives off Late Fee on GSTR-1 The government has launched a one-time scheme to waive late fee for delayed furnishing of filing the goods and services tax (GST) return-1 form for the period July 2017 to September 2018, to encourage taxpayers [...]
TDS Quick Takeaways TDS is Tax Deducted at Source wherein income tax is reduced from the money paid at the time of making payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments. What the Government [...]
Government Notifies New Annual Return GSTR-9 Form for GST The government has notified a new return form for goods and services tax (GST) that will have to file for the full year. The normal taxpayers will need to file GSTR-9 return form [...]
Do You Know GST Basics The rollout of GST in July last year was touted as the biggest tax reform that our country had seen post-independence. It had a huge impact on our economic environment. However, even after [...]
Foreign Direct Investment (FDI) Compliance Checklist The Indian Companies receiving Foreign Direct Investment (FDI), while remitting funds one should ensure that – The Remitting Investors should ensure that (for FDI) – Funds have to flow only from the investors’ bank accounts. The purpose [...]
DIR-3 Form To Be Filed The Ministry of Corporate Affairs has notified the format of e-form DIR-3 KYC under new Rule 12A (Directors KYC) vide the ‘Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018’, along with the procedure for restoration [...]
GST AUDIT CIRCULAR GST SPECIAL PROCEDURES TO BE FOLLOWED Below are some of the key points that every taxpayer must keep in account: 1. Reconcile your GST Input Tax Credit Claimed with Online GSTR-2A. If the credit claimed does not match with [...]
GST Compliant Invoices - What, Why & How! Challenges Faced by Small and Medium Business Enterprises and Entrepreneur in Invoicing Invoices are the immanent part of any Businesses Enterprises and for a Freelancer. It's tedious, yet the [...]
GST Council Simplifies Return Filing The GST Council on Friday unveiled a new simplified return that would require a taxpayer to file only one return every month and set a period of six months for the transition to take place. “It [...]
