Daily Archives: July 9, 2018

GST Composition Scheme : Proposed Amendment in GST Act

By | July 9, 2018

GST Composition Scheme : Proposed Amendment in GST Act As per Draft Proposal for Amendments GST Laws released on 09.07.2018 following are the proposed amendment in section 10 of CGST act 2017 [ Section 10(1) and (2) of CGST Act 2017 ] Video Explanation by CA Satbir Singh regarding changes proposed  in GST Composition Scheme Section/Subsection/Clause Amendments as shown in… Read More »

Category: GST

Indian Accounting Standards (Ind AS): Disclosure Checklist

By | July 9, 2018

Indian Accounting Standards (Ind AS): Disclosure Checklist This publication of ICAI presents a checklist of disclosures requirements under Ind AS applicable to entities preparing its financial statements voluntarily and mandatorily beginning on or after April 1, 2016, in accordance with Ind AS. The disclosures checklist is based on the Indian Accounting Standards (Ind AS) that are… Read More »

Draft Proposal for Amendments in GST Laws Released 09.07.18 : Download /Print

By | July 9, 2018

Draft Proposal for Amendments GST Laws “Draft proposals for amending GST Laws is published on (relevant web page) for comments of the stakeholders till 15.07.2018”. by GST Council Draft Proposal for Amendments GST Laws : Download /Print Visit also CBIC website Click here  Draft Proposal for Amendments in GST Laws , Download Draft Proposal for Amendments… Read More »

Bank of Baroda FDR Opening Form : Download /Print

By | July 9, 2018

Bank of Baroda FDR Opening Form Bank of Baroda FDR Opening Form : Account Opening Form for Term Deposit Account for existing Account holders (In case of new term deposit) Bank of Baroda FDR Opening Form : Download /Print This form is also called Form No 410 Bank of Baroda ,Bank of Baroda FDR Opening Form , Bank… Read More »

ICICI Bank Form for Change in address : Download /Print

By | July 9, 2018

ICICI Bank Form for Change in address ICICI Bank Form for Change in address / ICICI Bank form to Update your latest contact details/Address/PAN/Date of Birth/ AadharNumber For Resident Individuals) ICICI Bank Form for Change in address : Download Note You have to give following undertaking to ICICI bank to Update your latest contact details/Address/PAN/Date of… Read More »

Post Office Savings Account Benefits and Features

By | July 9, 2018

Post Office Savings Account ​​Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained ​​​4.0% per annum on individual / joint accounts Minimum INR 20/- for opening ​Salient features including Tax Rebate​ Account can be opened by cash only Minimum balance to be maintained in a non-Cheque… Read More »

New GST News 09.07.18

By | July 9, 2018

New GST News 09.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Delete reverse charge mechanism u/s 9(4) : GST panel recommendation How to View e-filed GST Returns How to Track GST Return Status Updated GST  Notifications CGST Rules 2017 (updated) – : Chapter Wise & Rule wise Notification No 29/2018 Central… Read More »

Category: GST

Delete reverse charge mechanism u/s 9(4) : GST panel recommendation

By | July 9, 2018

GST ministerial panel Meeting Delete reverse charge mechanism u/s 9(4) of CGST Act The GST ministerial panel led by Bihar Deputy Chief Minister Sushil Modi put off two key items — the reverse charge mechanism and digital payment incentives — in its meeting on Sunday i.e on 08.07.2018, indicating a slowdown in decision-making under the one-year-old indirect tax regime ahead of the… Read More »

No Penalty for Cash Loan Taken from Wife by Husband : ITAT Delhi

By | July 9, 2018

Whether Cash Loan can be taken from Wife by Husband for the purchase of house ? Video Explanation by CA Satbir Singh in Hindi Facts of the case : The assessee has taken cash loan of Rs. 1 lakh and 3 lakhs on 01.04.2006 and 30.09.2006 respectively from Meena Sood for which penalty proceedings u/s… Read More »

Sukanya Samriddhi Accounts Benefits and Features

By | July 9, 2018

Sukanya Samriddhi Accounts Benefits and Features Sukanya Samriddhi Accounts Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained ​​Rate of interest 8.1% Per Annum(with effect from​ 1-01​-2018​​),calculated on yearly basis ,Yearly compounded. Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple… Read More »

Kisan Vikas Patra (KVP​) Benefits and features

By | July 9, 2018

Kisan Vikas Patra (KVP​) Kisan Vikas Patra (KVP​) Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained From 1.01​.2018, interest rates are as follows:- ​ 7.3​​​% compounded annually ​ Amount Invested doubles in 118​ months (9 years & 10​ months) ​ ​Minimum of Rs. 1000/- ​​and… Read More »

National Savings Certificates (NSC) Benefits and Features

By | July 9, 2018

National Savings Certificates (NSC) Benefits and Features National Savings Certificates (NSC) Scheme Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained Salient features including Tax Rebate ​​​​​​National Savings Certificates (NSC) 5 Years National Savings Certificate (VIII Issue) ​ From 1.01​.2018, interest rates are as follows:- ​… Read More »