Category Archives: News

Multiple Vehicle Option for e-Way bill on Eway Bill Portal

By | November 14, 2018

Multi Vehicle Option for e-Way bill Video Explanation on Multi Vehicle Option for e-Way bill Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) The new option has been introduced on Eway Bill System (https://ewaybillgst.gov.in) wherein the consignment of one e-way bill has to be moved in multiple vehicles, after moving to transshipment… Read More »

Last date to issue GST Tax Invoice for Services

By | November 12, 2018

Last date for GST Tax Invoice for Services Here we have discussed due date / Last date for GST Tax Invoice for Services Also Refer Last date for issue of GST Tax Invoice for goods ?  Video Tutorial on Last date for GST Tax Invoice for Services When should Tax invoice be issued under GST act for… Read More »

ICAI’s E-Handbook for Guidance on HSN Classification under GST : Download

By | October 20, 2018

ICAI’s E-Handbook for Guidance on HSN Classification under GST The Indirect Taxes Committee of the ICAI has come out with “E-Handbook on classification under GST”. This e-publication interalia covers meaning, need, principles/rules to be considered, steps to be followed etc. for aptly classifying goods/services. This e-handbook provides a deeper knowledge of provisions pertaining to Classification of… Read More »

MCA to Amend Cost Audit Report for reporting GST Reconciliation

By | August 7, 2018

MCA to Amend Cost Audit Report for reporting GST Reconciliation The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report. Download Draft  Companies (cost records and audit) Amendment Rules, 2018. Click… Read More »

Income Tax on Arrear of Salary with [Video Lecture]

By | August 6, 2018

Income Tax on Arrear of Salary Are arrears of salary taxable?​​​​ Yes . Refer Section 15(c) of Income Tax Act 1961 Video Explanation by CA Satbir Singh in Hindi Illustration on tax treatment of arrears of salary On 1 st January, 2018, Mr. Rajesh received arrears of salary of Rs. 2,52,000 pertaining to the years 2011-12… Read More »

29th GST Council Meeting Decisions

By | August 6, 2018

29th GST Council Meeting 29th GST Council Meeting date held on 04th Aug 2018. Cashback scheme for digital payments ” रूपे डेबिट कार्ड, भीम, USSD आदि द्वारा किये गये ट्रांसेक्शन के लिये गरीब वर्ग को सुविधा दी जायेगी कि यदि वह डिजिटल पेमेंट कर के वस्तु खरीदेंगे, तो उसमें GST का 20% कैशबैक के रूप… Read More »

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds?

By | August 5, 2018

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds? Video Explanation by CA Satbir Singh in Hindi Reserve Bank of India (RBI) Directions to Banks   Issue and Payment of Demand Drafts, etc., Any remittance of funds by way of demand draft, mail/telegraphic transfer/NEFT/IMPS or any other mode and issue of… Read More »

Circular No 50/24/2018 GST : Govt withdrawn Circular No. 28/02/2018-GST

By | July 31, 2018

Circular No 50/24/2018 GST Seeks to withdraw Circular No. 28/02/2018-GST dated 08.01.2018 as amended vide Corrigendum dated 18.01.2018 and Order No 02/2018–CT dated 31.03.2018 – reg. Video on Circular No 50/24/2018 GST Explained by CA Satbir Singh in Hindi Download Circular No 50/24/2018 GST F. No. 354/03/2018-TRU Government of India Ministry of Finance Department of Revenue Tax… Read More »

Notification No 30/2018 Central Tax GSTR-6 Date Extended for July 2017 to August 2018 till 30.09.2018

By | July 31, 2018

Notification No 30/2018 Central Tax Notification issued to extend the due date for filing of FORM GSTR-6. Video Explanation on Notification No 30/2018 Central Tax By CA Satbir Singh in Hindi Read Notification No 30/2018 Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection(i)] Government of India Ministry of Finance Department… Read More »

New Quarterly GST Return Key Features

By | July 30, 2018

Key features of New Quarterly GST Returns CBIC Placed New GST Returns and formats in public domain  on 30.07.2018. [Video] New Quarterly GST Returns Process Video by CA Satbir Singh in Hindi Quarterly filing and monthly payments: It is proposed to provide facility for filing of quarterly return to small taxpayers, who had a turnover upto… Read More »

Changes in GST on Old Age Home from 27.07.2018 Notification : GST News 410

By | July 28, 2018

GST on Old Age Home Exempt supply of services by an old age home run by State / Central Government or by a body registered under 12AA of Income Tax Act to its residents (aged 60 years or more) against consideration upto Rupees 25000/- per month per member provided consideration is inclusive of charges for… Read More »

[Video] Changes in GST on Hotels & Catering Services from 27.07.2018

By | July 28, 2018

Changes in GST on Hotels & Catering Services Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining Changes in GST on Hotels & Catering Services Hotel industry has been given major relief by providing that the rate of GST on accommodation service shall be based on transaction value instead of declared… Read More »