Daily Archives: October 3, 2016

List of Expenses of which Assessing Officer makes Disallowance

List of Expenses of which Assessing Officer makes Disallowance Following expenses are always on the top of the list of Assessing Officer for making disallowances: – Expenses pertaining to exempt income. Expenses on which TDS is applicable and TDS is not deducted or short deducted Interest expense, especially when interest free loans provided to subsidiaries… Read More »

India Post Payments Bank starts recruitment

India Post Payments Bank starts recruitment India Post Payments Bank, IPPB has started its recruitment drive with the release of the advertisement for the post of the Chief Executive Officer/ Managing Director, the Chief Technology Officer (CTO), other CXOs who will be heading its Operations, Risk and Compliance, Finance, HR & Administration and Sales and… Read More »

Senior Citizens Concession Rules modified by Railways

Minister of Railways Modifies Senior Citizens Concession Rules Ministry of Railways has decided to grant concession only to senior citizens of Indian Nationality, permanently residing in India. It has been clarified that Senior Citizen concession shall not be admissible to the senior citizen of foreign nationals & NRIs. The revised rule for concession to Senior… Read More »

GST Return filing Process in India- Inforgraphic Presentation

GST Return filing Process in India GST Return filing Process GST Return Forms – 27 Forms GST Return : Who … What….When….to File GST Return Sr.No Form Who to File ? What to file? When to File ? 1 GSTR-1 Registered taxable supplier Outward supplies 10th of the month succeeding the tax period 2 GSTR-2… Read More »

GST Refund in India – Analysis of Rules and Forms

GST Refunds Section 38 of the Model GST Act contains the provisions regarding refund of tax. Any person claiming refund of any tax and interest shall make an application before the expiry of 2years from the relevant date in prescribed form. 6 GST Refund Rules prescribed-The Draft Refunds Rules have 6 Rules viz. Refund of… Read More »

10 GST Refund Forms under GST of India

10 GST Refund Forms under GST of India 10 GST Refund Forms prescribed 10 Forms have been prescribed for Refunds under GST (Form GST RFD-01- Form GST RFD- 10), namely- Sl. No Form Number Content 1. GST RFD-01 Refund Application form–Annexure 1 Details of Goods –Annexure 2 Certificate by CA 2. GST RFD-02 Acknowledgement 3.… Read More »

GST Tax Invoice of India : Analysis

GST Tax Invoice Section 23 of the Model GST Act contains the provisions regarding tax invoice. GST Tax invoice is an important document stating transaction of supply or agreement of supply of goods and/or services. 5 Rules for GST Tax Invoice prescribed-The Draft Invoice Rules have 5 Rules viz. Tax invoice under GST, Manner of… Read More »

GST Payment Process in India- Presentation

GST Payment Process in India Download  GST -Draft Registration formats released by CBEC Download GST -Draft Registration Rules Released by CBEC Download GST Draft Payment Rules Released by CBEC Download GST Draft Payment formats Released by CBEC Download Draft GST Refund Rules released by Govt Download Draft GST Refund Forms released by CBEC Download Draft GST Return Rules Released by Govt Download Draft… Read More »

7 Forms for GST Payment under GST of India

 Forms for GST Payment under GST of India 7 Forms for GST Payment prescribed -7 Forms for payment has been prescribed (Form GST PMT-1 to Form GST PMT -6 and Form GST PMT-2A), namely- Sr No. Form No. Title of the Form 1. Form GST PMT-1 Electronic Tax Liability Register of Taxpayer(Part–I: Return related liabilities)… Read More »

Checklist for Registration of GST in India

Checklist for Registration of GST in India 17 Rules for Registration under GST prescribed-The Draft Registration Rules have 17 Rules viz. application for registration, verification, issuance of registration certificate, Grant of registration to non-resident taxable person, Amendment to Registration etcDownload  GST -Draft Registration formats released by CBEC 26 Forms for Registration of GST prescribed-26 Forms for… Read More »

30 Forms- Registration of GST in India

30 Forms – Registration of GST in India 30 Forms for Registration under GST prescribed 30 forms for GST Registration in India has been prescribed as er Final GST Registration Rules Approved by GST Council 18.05.2017  Sr No  Form NO  Description 1 GST REG 1  Application for Registration (Other than a non-resident taxable person, a person… Read More »