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This article contains various Compliance Requirements under Statutory Laws. Compliance means 'adhering to rules and regulations.' Compliances under: 1. Compliance Requirement Under Income Tax Act, 1961 2. Compliance Requirement Under Goods & Services Act, (GST) 2017 3. Compliance Under Other Statutory Laws 4. Compliance Requirement Under LLP ACT, 2008 4.Compliance Requirement...
GSTR-1, filed by the supplier, contains invoice-wise and category-wise details of all outward supplies made in a year GSTR-3B is the summary return based on which tax is deposited by the supplier. It contains the category-wise summary of both inward and outward supplies and tax payment...
What? GSTR-2A vs Purchase Books reconciliation primarily involves matching the data uploaded by the suppliers in their GSTR-1, reflected in recipient’s GSTR-2A with those of the recipient’s purchase data. Why? It is very important to reconcile GST Returns Data because: a. Under GST Returns, the taxpayers will only be...
Ministry of Corporate Affairs (MCA) has introduced on 21st February 2019, Companies (Incorporation) Amendment Rules, 2019. These rules shall come into force from 25th February 2019. A new Rule 25A inserted after Rule 25. A New Form 22A (e-form Active) Introduced. Short Summary: Every Company incorporated on...
Ministry of Corporate Affairs in its recent announcement is conducting KNOW YOUR CLIENT (eKYC) of all the directors annually through a prescribed form with professional attestation. This is a one-time process for any director in one or more companies every year. APPLICABILITY FOR eKYC Director of the...
The Central Board of Indirect Taxes and Customs, The Ministry of Finance, Government of India, New Delhi, through a notification has provided an opportunity to update and file the necessary GST Returns waiving the LATE FEE if filed on or before 31.3.2019. Those coming under GST...
Trademark Registration can be obtained for words, logo, numerals, slogan, device and more in India. Trademark Registration provides a legal right of exclusivity for use of the mark to the owner of the trademark. Trademark Registration is however a long process involving multiple steps. Trademark Search Before...
The Goods and Services Tax (GST) Network released the revised return forms which businesses would need to comply with from this year. The new forms would be operated on a pilot basis from April 1, 2019, and would be mandated across the country from July,...
GST Network Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in their final and summary sales returns forms. The GSTN, which handles the technology backbone for the new indirect tax, has provided a facility to the taxpayers to view...