Along with changes in the way business run in India, GST is also going to impact the life of the professional chartered accountant in a manner of some difficulties and convenience.
It will be favorable for our nation’s growth and prosperity. During this difficult phase of a lot of accounting work, they will learn a lot and get various new opportunities as well. It will also assist the professional accounting services and help India in the digital endeavor.
Chartered Accountant … Read More
Chartered Accountants are the elites of the Finance World. The title attracts great respect and admiration. However, the title “Chartered” has its fair share of controversy. Used for labeling Royal Decree, the Indian Parliamentary of the early Independent era were not in favour of using the term. However, a few twists and turns in the way and the title was adopted by the parliament. In this blog we look back at the early days of the profession and how the … Read More
The introduction of GST on 1st July 2017 was a bold move in the history of Indian Taxation System. As per Economic Survey 2017-18, Demonetisation and the introduction of the Goods and Services Tax (GST) brought 1.8 million more people under the ambit of Income Tax. A large number of dealers who were previously unregistered are now registered under GST. The low turnover limit has brought these dealers under the GST radar.
Many among these newly registered dealers would have … Read More
Goods and Services Tax which has subsumed all the other applicable indirect taxes levy on goods and services. With the implementation from 1st of July 2017, it formulated the biggest ever reform in Indian tax structure. The filing under GST regime is very important for each and every registered business and taxpayer. As the system is shifted towards online filing, the rules are quite strict and required to be filed the GST returns on time.
As per the GST Penalty … Read More
It is necessary for each company to furnish the annual accounts and annual return according to the Companies Act, 2013. The ROC filing is administered under Section 129 (3), 137, of The Companies Act, 2013 along with Rule 12 of the Company (Accounts) Rules, 2014. Under this head, the annual return is administered under Section 92 of the Companies Act, 2013 and Rule 11 of the Companies (Management and Administration) Rules, 2014.
In ROC annual return filing under income tax … Read More