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GSTR 4 return filing has to be done on the GST portal along with the JSON file which is thoroughly checked by the system. It is a very complex method to find out all the issues related to the JSON file validation. There are certain points which has to be checked while uploading the JSON […]
It is speculated that the simplified GST return filing form is in the last stage for the rollout which was earlier discussed in the GST council meeting held in July last year. The new GST returns filing form will require the taxpayer to file only single return form in a month, while for the case […]
The goods and services tax rate cuts are still not giving benefits to the larger number of people and taking this point into the mind, the government is set to extend the term of National Anti-profiteering Authority (NAA).
The indirect tax department is all set to extend the tracking on the defaulting businessman and traders with its electronic surveillance. It is said that GST intelligence will be getting rights for electronic surveillance. This electronic surveillance will provide added shield on GST evasion by the means of surveillance of mobile call/message data, personal desktop […]
What is Form DPT-3? DPT-3 form is a one-time return form of loans that has to be filed by a company that has outstanding loans not treated as deposits. According to the latest Ministry of Corporate Affairs (MCA) Amendments, it is mandatory for all companies excluding the Government Companies to file a one-time return for […]
AMC stands for Annual Maintenance Contract. AMC provides security on all the components let that be the large manufacturing machine of the company or the basic components like the printer or the computer. It gives the benefit of repair and maintenance to such products and the time period of the contract might vary from 1 […]
The GST council took a significant step towards easing the input tax credit utilization mechanism by allowing the company to take credit of IGST paid to set off the liabilities of SGST and CGST in whichever proportion or the order they feel suitable. Earlier there were some restrictions on using the input tax credit under […]
Telangana State Waqf Board recently gets a GST notice from the office of the Principal Commissioner of GST asking for the 12.5 per cent GST on the waqf occupied properties rental income. There is an overwhelming number of waqf properties in the state and most of them are been allotted to the leased shops and […]
It has been found that the GST rate cut has now come into effect as an online survey of 16,000 people have told that they are getting more benefits than earlier when the rate cut was actually done. The consumer reported that from the time period between June 2018 and April 2019 made the most […]