Daily Archives: September 3, 2018

Impact of Non Approval of Surrender of GST Registration

By | September 3, 2018

Non Approval of Surrender of GST Registration We had applied for surrender of GST Registration. Our application has not been approved by the department. we are raising invoices without GST. Whether there is any negative implication on us. Answer : GST registration cancellation will be effective from the date to be determined by proper officer (GST… Read More »

GST and Income Tax Calendar September 2018 : Due Dates

By | September 3, 2018

GST and Income Tax Calendar September 2018 S.No Particulars of Compliance Forms/returns Due Date Compliances Calendar for GST 1. Return of outward supplies of taxable goods and/or services for the Month of August 2018 (for Assessees having turnover exceeding 1.5 Cr.) GSTR – 1 11-09-2018 2. GSTR 3B  return for the month of August 2018 GSTR… Read More »

Category: GST

Reversal of GST Input Tax Credit on goods destroyed in Floods

By | September 3, 2018

Reversal of GST Input Tax Credit on goods destroyed in Floods The Goods and Services Tax Act allowsa registered person to take credit of input tax charged on supply of goods or services if they are used in the course or furtherance of his business.There isa negative list of goods or services under section 17(5)… Read More »

UCO Bank Empanelment for CA’s for 2018-19

By | September 3, 2018

UCO Bank invites online applications from practicing firms of Chartered Accountants in India for empanelment as Concurrent Auditors [FOR THE PERIOD 01-10-2018 TO 30-09-2019] to undertake Concurrent Audit assignment in designated branches/ offices in India. Last date for submission of application is 12-09-2018. UCO BANK AUDIT & INSPECTION DEPARTMENT HEAD OFFICE, KOLKATA NOTIFICATION [FOR EXPRESSION OF… Read More »

71% increase in Filing of Income Tax Returns upto 31st August,2018 for FY 2017-18

By | September 3, 2018

Ministry of Finance Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018 There has been a marked improvement in the number of Income Tax Returns(ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing) compared to the corresponding period in the preceding year. The total number of ITRs… Read More »

GST Revenue collection for August 2018 Rs 93,960 Crore

By | September 3, 2018

Ministry of Finance GST Revenue collection for August 2018 close to ninety-four thousand crore rupees Posted On: 01 SEP 2018 5:42PM by PIB Delhi The total gross GST revenue collected in the month of August, 2018 is Rs. 93,960crore of which CGST is Rs. 15,303 crore, SGST is Rs. 21,154 crore, IGST is Rs. 49,876 crore (including Rs. 26,512 crorecollected on imports) and Cess is Rs. 7,628 crore (including Rs.… Read More »

Category: GST

Old Bank Notes disclosure not required in Audit report of FY 2017-18 & onwards

By | September 3, 2018

Regarding Clarification on Applicability of Notifications no. G.S.R. 307(E) and G.S.R. 308(E) dated 30th March 2017 issued by Ministry of Corporate Affairs for the financial year ending on 31st March, 2018 This is regarding the disclosure for the Financial Year 2017-2018 and onwards as per the requirements in the Notification dated 30th March 2017 issued… Read More »