[ratings] Following is step by step guide to file GST Audit report Form GSTR 9C Complete filing of all pending returns – GSTR 1 and GTSR 3B from July 2017 to March 2018. File Annual Return in Form GSTR 9 – Annual Return in Form GSTR 9 for is to be filed before filing GST

[ratings] Good News Service provider can now opt for Composition Scheme from 01/04/2019 vide notification No. 2/2019 – Central Tax (Rate) dated 07/03/2019. Earlier they are kept out of ambit of composition scheme u/s 10(1) of CGST Act. Here is the Crux of the notification: A registered person for first supplies of goods or services

[ratings] [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 2/2019-Central Tax (Rate) New Delhi, the 7 th March, 2019 G.S.R……(E).- In exercise of the powers conferred by sub-section (1) of section 9, subsection (1) of section 11,

[ratings] Notified Cost Inflation Index Under Section 48, Explanation (V) – Financial Year 2018-19 As per Notification no. So 1790(e)[no. 44/2017 (f. No. 370142/11/2017-tpl)], dated 5-6-2017, following table should be used for the Cost Inflation Index :- Download File: [download id=”4044″] Sl. No. Financial Year Cost Inflation Index 1 2001-02 100 2 2002-03 105 3

[ratings] Income Tax Department has updated the Form 16 and Form 26Q. The effective date for the same is  12th May 2019. Highlights: A. In Form No. 16: The “Notes” occurring after “Part A” has removed; “Part B” (Annexure), has been replaced with new “Annexure” as show bellow Government deductors to fill information in item

[ratings] 1. What is Form GSTR-9C? Form GSTR-9C is a reconciliation statement, duly verified and signed by Chartered Accountant/ Cost Accountant, and required to be furnished along with filing of annual return in Form GSTR-9 by the taxpayer whose turnover is above Rs.2 Crores during a financial year. 2. Who needs to file Form GSTR-9C?

[ratings] Number of times people ask Sir, I have forgotten to file my ITR by Due date: What is the penalty? What the consequences? and, What should I Do? Every individual is liable to file ITR if his/her income for FY 2017-18 was more than basic exemption limit by 31st July.  (Same was extended to

[ratings] Income Tax Slabs Rates for FY 2019-20 (AY 2020-21) → Nil tax for individuals upto income ₹ 2.5 Lakh→ 0%-5% tax for income between ₹ 2.5 Lakh to ₹ 5 Lakh depending upon age.→ 20% tax for income between ₹ 5 Lakh to ₹ 10 Lakh→ 30% tax for income above ₹ 10 Lakh Individuals