Online GST Return filing

Filling of GSTR 9

Guide to file GSTR-9 on GST portal Introduction: Government has prescribed that particular class of assessee are required to file GSTR-9C; It is important to understand which are the assesses that are covered by the provision of law and what are the requirement that assessee is required to fulfil before and after filing of GSTR-9C.…

Filing of Appeal before Income Tax Authorities

E-way bill and its necessity

Introduction: Under GST it has been provided that assessee or in some cases transporter is required to generate e-way bill if transaction amount is exceeding prescribed limit and transaction involves movement of goods. It is important to know that what are the consequence where e-way bill is not generated? What is the time limit for…

What is DIN and How to apply for DIN

What is DIN and How to apply for DIN

What is DIN and How to apply for DIN What is DIN? Full of DIN is Director Identification Number it is a unique Identification Number allotted to an individual who is willing to be appointed as a director of a company. Any person who is willing to get appointment as director must hold a valid…

GST Return filing Services

Filing of CMP Through SMS

Filing of CMP-08 on GST-Portal What is CMP-08? Every composition dealer is required to furnish a statement-cum-challan in which he is required to declare details of self-assessment tax payable for a given quarter. This form is also used challan for payment of tax. Who is composition dealer? Any person who is registered under composition scheme…

Online maintaining books of accounts

Questions relating to Independent Director

Frequently asked question in relation to Independent Director Whether any self-certification is required from director? If yes whether there is any specific format for it? Yes, Independent director is required to self-certify that he satisfies the criteria as specified under section 149(6) of Companies Act, 2013; (i.e. definition relating to independent director). This certification is…

Tax extension of due date for 2020-21

Extension of Due

Extension of Due-Date of Audit Introduction: It has been the burning issue that whether due dates will be extended or not; finally, government has notified extension for various due-dates which will act as booster for the assessee as well as for auditors. Due-date of furnishing Tax-Audit report under Income Tax Act, 1962: It has now…

Filing of Appeal under GST

GST Refunds

Refund Under GST Laws Online GST Refund  Process – A Step-By-Step Guide Introduction : Under GST law there is structured mechanism for claim of refund. Though there are various forms which has been prescribed as application to claim the refund, along with this there are various Due-date which has been prescribed for different situations. The…

Filing of Appeal under GST by fibota

Inverted Tax Structure under GST

Inverted Tax Structure under GST Introduction: It is important to know that what are the provision relating to GST in case where there is inverted tax structure i.e. rate of Input/Input service is higher than the rate of outward taxable supply. For e.g.: Mr. A is manufacture and it procures raw material on which GST…

GSTR 3B Return filing Services by fibota

Mandatory timely filing of GSTR-3B

Mandatory timely filing of GSTR-3B – Recent update Introduction : Recently GST department has conducted it’s 42th GST council meeting in which decision has been taken regarding threshold limit of turnover for the assessee who are required to file monthly returns. Along with this under news and updates section of GSTN portal government has request…

Filing of Appeal before Income Tax Authorities

POS for Specified Service

GST IMPLICATIONS YOU MUST KNOW IN CASE OF SUPPLY OF SPECIFICIED SERVICES Whether you should charge IGST or CGST & SGST in case of Supply of Services where both the parties are situated in India? It is important to determine place of supply as this will decided whether transaction is inter-state or intra-state which will…