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ICSI new Helpdesk

By | October 17, 2018

Institute of Companies Secretaries of India Kind Attention!! As a part of implementing a monitored environment all have been advised to use http://support.icsi.edu only. Phone numbers as mentioned below have been REMOVED from service to make the initiative of monitored environment a success. ICSI Sampark 8824401155 ICSI call center 0120-3314111,0120- 6204999 Academic Helpdesk 0120-6267777 All… Read More »

How to File Appeal against GST Registration Order :FAQ and User Manual

By | October 17, 2018

Filing an Appeal against Registration Order  :FAQ and User Manual FAQs 1. Who can file an appeal to the Appellate Authority? Any taxpayer or an unregistered person aggrieved by any decision or order passed against him (with respect to Registration, amendment or cancellation etc.) by an adjudicating authority, may appeal to the Appellate Authority, within… Read More »

GST Audit Checklist : User Guide on GST Audit

By | October 13, 2018

GST Audit Checklist we have compiled GST Audit Checklist GST Audit Checklist : Invoice HSN Codes HSN code would be required to be mentioned in the Tax Invoices to be issued in the new financial year 2018-2019 in the manner stated below – Refer notification no. 12/2017-CT dated 28.06.2017 Taxpayers with turnover of upto Rs.1.5 crore may… Read More »

New GST News 13.10.2018

By | October 13, 2018

New GST News 13.10.2018 [ Join online GST Course by CA Satbir Singh ] New GST News Free GST Online Course [ Videos ] by CA Satbir Singh GST on Traders : Free Book by ICAI : Download GST Practitioners Question Bank with Quick Exam Guide : Taxmann Sept 2018 GST Practitioners Exam Alert :… Read More »

Single GST Audit or for Each GSTIN ? Explained

By | October 9, 2018

Single GST Audit or for Each GSTIN Whether GST audit will be conducted for each GSTN or PAN India Single audit will be conducted. In other words, GSTR 9C need to be filed for each GST registration or single GSTR-9C will be filed covering all registrations? Answer : one GSTR 9C for each GSTR-9  Annual return in form … Read More »

TDS on Rent -Complete Guide

By | October 7, 2018

TDS on Rent TDS on Rent -Section 194IB w.e.f 01.06.2017 Read Section 194IB -TDS on Rent w.e.f 01.06.2017 in case of Individual and HUF not liable for Audit TDS on Rent -Section 194I Conditions to be satisfied for applicability of TDS on Rent [section 194-I ]  For applicability of TDS on Rent -section 194-I, following conditions… Read More »

Late Fees & Penalty for delay in filing TDS/TCS Statements under Income Tax

By | October 7, 2018

LATE FILING FEES AND PENALTY FOR FAILURE TO FURNISH/DELAY IN FURNISHING THE TDS/TCS STATEMENTS [As amended by Finance Act, 2018] Before understanding the penalty provisions for failure to furnish the statement of Tax Deducted at Source or statement of Tax Collected as Source (i.e. commonly known a TDS/TCS return) we shall first have a look at… Read More »

TDS Rates for AY 2019-20 (FY 2018-19) : As amended by Finance Act 2018

By | October 7, 2018

TDS Rates for AY 2019-20 (FY 2018-19) [ TDS Rates for AY 2019-20 (FY 2018-19) As amended by Finance Act, 2018  / Rates for tax deduction at source ] [For Assessment year 2019-20] Particulars TDS Rates (in %) 1. In the case of a person other than a company 1.1 where the person is resident in… Read More »

Central Excise duty on petrol & diesel reduced by Rs 1.5 per litre w.e.f 5.10.2018 : Notification No 21/2018-Central Excise

By | October 5, 2018

Notification No 21/2018-Central Excise Central Excise duty on petrol and diesel is reduced by Rs 1.5 per litre w.e.f 5.10.2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 21/2018-Central Excise New Delhi, the 4th October, 2018 G.S.R.… Read More »

GSTR 7A : GST TDS Certificate : FAQs and User Manual

By | September 29, 2018

GSTR 7A FAQs and User Manual Video Lecture on GST TDS Certificate in Hindi by CA Satbir Singh FAQs > GSTR-7A 1. What is Form GSTR-7A? Form GSTR-7A is a system generated TDS Certificate which is generated once deductor furnishes a return in Form GSTR-7 on the GST Portal and the deductee accepts the details uploaded… Read More »

High Level Committee Constituted on Corporate Social Responsibility of Companies

By | September 28, 2018

Ministry of Corporate Affairs High Level Committee Constituted on Corporate Social Responsibility A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on… Read More »

31st GST Council Meeting

By | September 28, 2018

31st GST Council Meeting 31st GST Council Meeting is expected to be held in November 2018 . we will update soon once the date is declared Related Post All GST Council Meeting Till date

Mandatory UDIN for Chartered Accountants Certificate w.e.f 01.01.2019

By | September 27, 2018

Mandatory UDIN for Chartered Accountants Certificate w.e.f 01.01.2019 ANNOUNCEMENT by ICAI on 26.09.2018 Unique Document Identification Number (UDIN) It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and stakeholder. ICAI is also receiving number of complaints of forged signatures. To curb the malpractices,… Read More »

Notification No 67/2018 Customs : First Schedule of Customs Tariff Act 1975 amended

By | September 27, 2018

seeking to ammend First Schedule of Customs Tariff Act, 1975. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 67/2018–Customs New Delhi, the 26th September, 2018 G.S.R. (E).-WHEREAS the Central Government on being satisfied that the import duty… Read More »

ICSI Guidance on Diligence Report on Governance for Banks : Exposure Draft

By | September 26, 2018

ICSI Guidance on Diligence Report on Governance for Banks The Reserve Bank of India vide Circular DBOD.No.BP.BC.110/08.12.001/2008-09 dated February 10, 2009, mandated a due diligence for lending under consortium arrangement / Multiple Banking Arrangement. In terms of para 2(iii) of the above Circular, in order to strengthen the information sharing system among banks in respect of… Read More »

Notification No 68 /2018 Customs : amends Notifcation No. 50/2017

By | September 26, 2018

Notification No 68 /2018 Customs seeking to amend Notifcation No. 50/2017 dated 30th June, 2018. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 68 /2018-Customs New Delhi, the 26th September, 2018. G.S.R. (E).- In exercise of the… Read More »

How to check Export Ledger on GST Portal

By | September 26, 2018

How to check Export Ledger on GST Portal Taxpayers guide on accessing the Export Ledger on the GST Portal, visit Track Refund Status 1. Can I track the status of my Refund Application? Yes, you can track the status by using the Services > Refunds > Track Application Status service from the GST Portal. 2. Can I track… Read More »

Income Tax Audit Date Extended for AY 2018-19 : Notification : Download

By | September 25, 2018

Income Tax Audit Date Extended for AY 2018-19 Govt has extended Income tax Audit Date for AY 2018-19 to 15.10.2018 Tweet from CBDT is as follow CBDT extends due dt for filing of Income Tax Returns & audit reports from 30th Sept,2018 to15th Oct, 2018 for all assessees liable to file ITRs for AY 2018-19… Read More »

GST Exam MCQ Part 5

By | September 24, 2018

GST Exam MCQ Part 5 (Multiple Choice Questions) Q: Time of supply of goods under CGST Act 2017 is  A)  Last date on which supplier is required to issue  invoice B) Date of issue of invoice C) Date on which the supplier receives the payment D) Earlier of (A), (B) and (C) Answer :  D) Earlier of (A),… Read More »

Penalties under Income Tax Act [FA 2018]

By | September 24, 2018

PENALTIES UNDER THE INCOME-TAX ACT [As amended by Finance Act, 2018] Introduction Under the Income-tax Act, penalties are levied for various defaults committed by the taxpayer. Some of the penalties are mandatory and a few are at the discretion of the tax authorities. In this part, you can gain knowledge about the provisions relating to… Read More »

Ayushman Bharat yojana Claim Settlement Process : PM-JAY

By | September 23, 2018

Guidelines for Pradhan Mantri Rashtriya Swasthya Suraksha Mission (PMRSSM) PMRSSM GUIDELINES ON CLAIM SETTLEMENT 1. Guidelines on Claim Settlement All Empanelled Health Care Providers (EHCP) will make use of IT system of PMRSSM to manage the claims related transactions. IT system of PMRSSM has been developed for online transactions and all stakeholders are advised to… Read More »

Website mera.pmjay.gov.in for Ayushman Bharat

By | September 23, 2018

Mera.pmjay.gov.in for Ayushman Bharat Website https://mera.pmjay.gov.in ( Click here)  has been lauched for  Ayushman Bharat Scheme /  PM – Jan Arogya Yojana Check Am I Eligible for Ayushman Bharat | PM – Jan Arogya Yojana Related Post Ayushman Bharat launched by PM on 23.09.2018; PMJAY at Ranchi Ayushman Bharat Yojana :Pradhan Mantri Jan Aarogya Yojana  Features… Read More »

Ayushman Bharat launched by PM – PMJAY at Ranchi

By | September 23, 2018

Prime Minister’s Office PM launches Ayushman Bharat – PMJAY at Ranchi Posted On: 23 SEP 2018 4:14PM by PIB Delhi The Prime Minister, Shri Narendra Modi, today launched the health assurance scheme: Ayushman Bharat – Pradhan Mantri Jan ArogyaYojana – at Ranchi, Jharkhand. The Prime Minister visited an exhibition on the scheme, before arriving on… Read More »

Ayushman Bharat : Policy & Guidelines : PM-JAY

By | September 23, 2018

Ayushman Bharat : Policy & Guidelines : PM-JAY Here are the ayushman bharat scheme details PM-JAY Brand Guidelines Download PM-JAY Process flow at Empanelled Hospital PM-JAY Process Flow at Empanelled Hospitals Annexure I Pre-Authorization Form Click here Annexure II – Discharge Summary click here PM-JAY Operational Guidelines Guidelines on Release of Premium and Escrow account… Read More »

Ayushman Bharat Yojana :Pradhan Mantri Jan Aarogya Yojana :

By | September 22, 2018

Ayushman Bharat :Pradhan Mantri Jan AarogyaYojana Ayushman Bharat –Pradhan Mantri Jan AarogyaYojana (AB-PMJAY) to be launched by Prime Minister Shri Narendra Modi in Ranchi, Jharkahnd on September 23, 2018 India takes a giant leap towards providing accessible and affordable healthcare to the common man with the launch of Ayushman Bharat – Pradhan Mantri Jan AarogyaYojana… Read More »

Google Translate App : Download

By | September 22, 2018

Google Translate App From where can i Download Google Translate App ? Download Google Translate App Click here Google Translator on Internet For Google Translator Click here Google Translate in Hindi Click here  Key Feaures of Google Translate App • Translate between 103 languages by typing • Tap to Translate: Copy text in any app and… Read More »

GST Exam MCQ Part -4

By | September 21, 2018

GST Exam MCQ Part -4 ( Multiple Choice Questions ) Video on GST Exam MCQ part 4 explained in Hindi by CA Satbir Singh Q: Services provided by senior doctors/ consultants/ technicians hired by the hospitals, whether employees or not, A) are healthcare services which are exempt under GST B) is treated as non GST Supply… Read More »

Notification No 52/2018 Central Tax : E commerce operator to collect TCS for intra state Supplies

By | September 21, 2018

Notification No 52/2018 Central Tax Seeks to notify the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-State taxable supplies Read Notification No 52/2018 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 »

GST Exam MCQ Part 3

By | September 20, 2018

GST Exam MCQ- Part 3 (Multiple Choice Questions) Q Capital goods under CGST Act 2017 include- (a) Goods, the value of which is capitalized in the books of accounts (b) Goods which are used or intended to be used in the course or furtherance of business (c) Both (a) and (b) (d) Immovable Property only… Read More »

GST Exam MCQ : Part 2

By | September 19, 2018

GST Exam MCQ : Part 2 (Multiple Choice Questions) GST Exam MCQ : Part 2 Refer Q Definition of Goods under CGST Act 2017 does not include the following A) Movable property B) Growing Crops C) Secrurities D) Actionable Claims Answer C) Refer Section 2(52) of the CGST Act, 2017, Q Works contract under CGST Act… Read More »

GST Exam MCQ – Part 1

By | September 18, 2018

GST Exam MCQ – Part 1 (Multiple Choice Questions) GST Exam MCQ – Part 1 on Registration Video Explanation by CA Satbir Singh in Hindi Q GST Registration is required for collecting Tax at Source A. True B. False C. Required if turnover Exceeds Threshold limit d Not applicable as  there is no provision in CGST… Read More »

GST Practitioners Exam Dates and Syllabus

By | September 18, 2018

Ministry of Finance Examination for Confirmation of Enrollment of GST Practitioners Posted On: 17 SEP 2018 7:25PM by PIB Delhi The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of… Read More »

No Income tax on Interest Income on Specified Off-shore Rupee Denominated Bonds

By | September 17, 2018

Ministry of Finance Exemption to Interest Income on Specified Off-shore Rupee Denominated Bonds Posted On: 17 SEP 2018 7:23PM by PIB Delhi Interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect of rupee denominated bond issued outside India before the 1stof July, 2020 is liable… Read More »

GST TDS if Payment made by PSU (Public sector Undertaking)

By | September 17, 2018

GST TDS if Payment made by PSU (Public sector Undertaking) Video Tutorial by CA Satbir Singh explaining GST TDS provisions in Hindi Whether TDS under Section 51 of CGST Act 2017 is required to be deducted w.e.f 01.10.2018 by PSU(Public sector Undertaking) if payment made by PSU to i) Unregistered Supplier. ii) Supplier opted for composition… Read More »

FAQ on GST Registration as Tax Deductor on GST Portal

By | September 14, 2018

GST Registration as Tax Deductor on GST Portal 1. Who needs to register under GST as a TDS? TDS stands for Tax Deducted at Source (TDS). All Department or establishment of Centre / State Government, Local Authority, Government Agencies & Persons or category of persons notified by Central / State Government Governments, making contractual payments… Read More »

GSTR 9C : Download : GST Audit Report & Reconciliation Statement

By | September 14, 2018

GSTR 9C : Download CBIC notifies GSTR 9C for Audit Report and Reconciliation Statement under GST : Refer Notification No 49/2018 Central Tax : CGST Tenth Amendment Rules 2018 : GSTR-9C Notified Who is required to file GSTR 9C ? As per Rule 80(3) of CGST Rules 2017 : Annual return  Every registered person whose aggregate turnover… Read More »

Reopening of assessment of Sonia Gandhi and Rahul Gandhi is valid : Delhi HC

By | September 11, 2018

It was stated that the debt owned by the Associated Journals Ltd. (AJL) to the tune of over Rs. 90 crores was assigned to YI for only Rs. 50 lakhs. In the case of Mr. Rahul Gandhi, no doubt, the assessment originally completed, was under Section 143 (3). Had he disclosed in his returns or… Read More »