Introduction. Flow of GST. Reverse Charge. Liability to Pay under RCM Time of Supply of Services under Reverse Charge. Input Tax Credit Introduction : Under GST, usually the supplier of goods or services has to pay the tax to the Government. However, under the Reverse Charge Mechanism, the liability to pay GST is cast on…
Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C 1. FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C has been notified vide notification no. 49/2018-Central Tax, dated 13.09.2018 as part of the CGST Rules. 2. The competent authority has decided…
Tally ERP 9 with GST is most essential for business owners. Small and Medium companies use Tally for day to day accounting. We provide in-depth training which is required to meet everyday accounting standards of the industry. Who can join Tally ERP 9? ¤ Anyone who has flair to learn accounting/taxation ¤ Commerce Students ¤ Business Owners ¤ Accountants
“Limited Liability Partnership” means a partnership formed and registered as per LLP Act of 2008. “Partner”, in relation to a limited liability partnership, means any person who becomes a partner in the limited liability partnership in accordance with the limited liability partnership agreement. “Limited liability partnership agreement” means any written agreement between the partners and…
Central Government, through MCA has notified all the directors of companies to upload a KYC (Know Your Customer) KYC is a process followed to identify and verify the customers similar to that performed by most of the banks. The MCA has notified the format of E-form DIR-3 KYC under new Rule 12A, vide the ‘Companies…
Reference – http://suryasahal.com/accounts-payable-and-ocr-technology/ The Accounts payable process is a part of the Entire P2P cycle ie Procurement to payment cycle. From the point of purchase requisition to Goods receipt is the procurement cycle which is the first P in P2P. The 2nd P which we are going to discuss in depth is as Accounts payable cycle.…
Reference – http://suryasahal.com/block-chain-and-finance/ Blockchain – Well to define it in simplest of terms. Blockchain would mean a Block which contain and records anything of value assigned to it. And chain is the link between multiple similar blocks which are globally distributed with millions of users and updated regularly. So why is Blockchain different say from…
COMPANIES FRESH START SCHEME – 2020
The Ministry of Corporate Affairs has launched a scheme known as “Companies Fresh Start Scheme, 2020” condoning the delaying filing the documents with Registrar, it relates to the waiver of additional fees & granting of immunity from launching of prosecution or proceedings for imposing penalty on account of delay associated with certain filings. Why CFSS…
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