Knowledge is power

Annual filing by companies incorporated under the Companies Act, 1956/2013 for financial year 2016-17

Annual filing by companies incorporated under the Companies Act, 1956/2013 for financial year 2016-17:

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTAR OF COMPANIES RoC-Delhi

Dated: 04-10-2017

Dear Sir/Madam,

Subject: Annual filing by companies incorporated under the Companies Act, 1956/2013 for financial year 2016-17

1.As you are aware, Companies are statutorily required…

EPFO has introduced a new Form No 11 linked to new transfer process

In order to streamline the process of transfer as in the unified portal 2.0 as Member & employer both were facing the problem in regards to the same EPFO has introduced a new Form No 11 which is rename as Composite Declaration form No 11 ( F-11) and which is linked to the new transfer Process

Revised procedure for Transfer of Accounts

New Transfer Process also introduce which will be…

Extension in date till 31 Oct ONLY for filing Revised TRAN-1

F. No. 349/58/2017-GST.

New Delhi, the 18th September, 2017 Order No. 02/2017-GST

Subject: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017

In exercise of the powers conferred by rule 120A of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017,…

How to generate e-way bill in Karnataka under GST regime ?

We have explained how to get e-way bill login in Karnataka under new GST regime . Once you get the login id and password created next step would be generation of e-way bill.

  e-way bill entry

  As of now GST number of the receiving party is not validated so kindly check twice before generating e-way bill. Once you generate e-way bill depending on KM it will allocate the time. if you made any…

How to register for e-way bill in Karnataka ?

As we know from our earlier post  e-WAY BILL SYSTEM is live in Karnataka one can register using the link http://gst.kar.nic.in/ewaybill and new user click on e-way bill registration which will get redirected to a new page asking you to enter your GST number.

Once you enter your GST number your details will appear like this but make sure details belong to your GST only. There are some cased data…

E-Way Bill Registration live in Karnataka

WELCOME to new e-WAY BILL SYSTEM, A system for hassle free movement of goods throughout the Country with one e-Way Bill

Tax Payers may note that e-SUGAM is being withdrawn from today. Please start using e-Way Bill system

if you try to access http://sugam.kar.nic.in/ getting message as ….

Service Unavailable

HTTP Error 503. The service is unavailable.

ONE TIME REGISTRATION: The GST tax payer can…

Notification on Information to be furnished prior to commencement of movement of goods and generation of e-way bill

In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

(1) These rules may be called the Central Goods and Services Tax (Sixth Amendment) Rules, 2017. (2) Save as otherwise provided in these rules, they shall…

Hope for Victims of Online Fraud – Suhani CForum

Out there, many eyes are lurking in the corner quietly observing, waiting for people to step into their trap so that they cheat and steal something valuable of theirs. Luckily we have good people too who keep an eye on these cheaters and thugs and help the public at large to fight the menace.

Today we are talking about Suhani CForum, a sturdy community of lawyers and social activists who fight…

GSTR-3B filing date has NOT been extended for all

GSTR-3B filing date has NOT been extended for all:

There are rumours floating around that the last date for payment of GST and filling of return  in FORM 3B is being extended by a week.

These rumours are unsubstantiated.

There is no change in the last date for payment of GST as per the self-assessed liability.

However for taxpayers who want to claim transitional credit the time period for only…

How to file NIL return under GST regime for GSTR3B ?

As you are aware that GSTR-3B return, has been made available to taxpayers on GST Portal for filing, from 5thof August, 2017.  Last date for filing of GSTR-3B return for the month of July, 2017, is 20th August and for the month of August, 2017, is 20th September, 2017.

For most of the business owners who are under GST regime and who got registered newly under GST it will be a first return to be…

GST Council meeting update of 5th August 2017

GST Council in its 20th Meeting on 05 AUG 2017 (SAT) has approved the following:

# Authorize the FinMin to increase Cess on Motor Cars exceeding 1500CC or 4 Meters in length to 25% Vs 15%.

# E-Way bill will be implemented w.e.f. 1st OCT 2017. • No e-Way bill for exempted goods. • No e-Way bill for goods travelling within a radius of 10 kms.

# Anti-profiteering mechanism will be implemented by…

Queries relating to GST rates received from various sectors have been scrutinized and developed into short FAQs.

Queries relating to GST rates received from various sectors have been scrutinized and developed into short FAQs.:

Sl. No. Query Reply1. What is the HSN code and GST rate for lac or shellac bangles? Lac or Shellac bangles are classifiable under heading 7117 and attract 3% GST 2. What is the HSN code and GST rate for kulfi? Kulfi is classifiable under heading 2105 and attracts 18% GST 3. What is…

All traders are requested to register now without waiting for the last date i.e. 31st of July 2017

Provisions related to registration under GST regime; Traders are requested to register now without waiting for the last date I.e. 30th July, 2017.

As per the GST laws, one is required to take registration on or before 30th July, 2017. All traders are requested to register now without waiting for the last date.

If one carrying-out any business and have an Annual Aggregate turnover in the preceding…

TRANSITIONAL PROVISIONS Under GST

TRANSITIONAL PROVISIONS Under GST :

1. Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day (1) Every registered person entitled to take credit of input tax under section 140 shall, within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1, duly signed, on the Common Portal specifying therein, separately, the…

SUPPLYING THE GOODS WITHOUT PAYMENT OF IGST TO SEZ’S

SUPPLYING THE GOODS WITHOUT PAYMENT OF IGST

i) Any Supplier ( he may be trader/manufacturer) at the time of supplying the goods without payment of IGST (earlier it was without payment of duty), the supplier has to execute LUT  as per the GST Rule 96A. 

ii) Supplier has to mention LUT No. and its validity along with the GSTIN in their invoices without fail. 

iii)             Also Invoice should…