S.No Date Process 1 1st July GST Regime Starts 2 15th July onwards Uploading of Sales / Outward Invoices 3 20th August Pay tax and Upload GSTR-3B for July (Self declaration form) 4 1st to 5th September File GSTR-1 for the month of July 5 6th to 10th September Download [...]
Input Tax Credit According to the model GST Law, a taxable person can accumulate credits of taxes paid and carry them forward in a return. With the introduction of the GST, the last set of credits will have to be transferred. To do this, you must satisfy the conditions mentioned [...]
Deposits up to Rs. 2,50,000 have not been given any blanket tax-free status. Only such deposits will not be reported to the Income-tax Department by banks/post offices. The Law At Present: The regular threshold exemption limit for individuals (other than resident senior citizens and super-senior citizens) is Rs. 2,50,000. If [...]
The contents of the Directors Report as hitherto provided in section 217 of the Companies Act, 1956 has undergone changes in the newly enacted section 134 of the Companies Act, 2013. The Board of Directors’ Report shall now include: (a) the extract of the annual return as provided under sub-section [...]