PRESS RELEASE ON BILL TO SHIP TO MODEL WAYBILL IN GST Govt has issued a press release describing the procedure to be followed in case of Bill to Ship to Transaction in GST for generating E way bill. Who is required to generate way bill and who has to issue invoice . For Details of […]
1. Sub-section (1) of section 68 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”) stipulates that the person in charge of a conveyance carrying any consignment of goods of value exceeding a specified amount shall carry with him the documents and devices prescribed in this behalf. Sub-section […]
As we all are aware that due date for filing GSTR 4 ( Quarterly Return ) for Composition dealers is arriving fast on 18th April 2018.In less than a week remaining for date to arrive , there is a big blow on Small Taxpayers (Composition Dealers Turnover below 1 crore) to give Purchase details (Both […]
Maintenance of books of accounts and necessary supporting and relevant records are highly essential requirements for proper management and control of the business operations. This will facilitate the correct receipt and payment of cash and other transactions entered by the company. It is mandatory to maintain the books of accounts under Indian Companies Act, 2013 […]
GST AUDIT LIMIT Every registered person , other than a person registered under Section 10 (Composition Taxpayer) , whose aggregate turnover during a financial year exceeds Two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified by […]