GST ACCOUNTS

ACCONUTS , RECORDS AND LEDGERS TO BE MAINTAINED UNDER GST

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 […]

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GST AUDIT LIMIT

GST ACCOUNTS, AUDIT, RECONCILIATION STATEMENT

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 […]

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Failed to file Income Tax Return for AY 2016-17 & 2017-18??? Here is what to do after 31.03.2018

Analysis of CBDT Circular No. 09/2015, Dated : June 9, 2015 on Condonation of Delay in Filing Refund Claim and Claim of Carry Forward of LossesNo Condonation for claim of refund or loss shall be entertained beyond six years from the end of the assessment year for which application or claim is made. The limit of six […]

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gst new return

EXEMPTION FROM WAYBILL IN GST

EXEMPTION FROM WAY BILL :  In the following cases exemption from way bill is given in GST as per CGST Rules : a) where the goods being transported are specified in Annexure; (b) where the goods are being transported by a non-motorized conveyance; (c) where the goods are being transported from the customs port, airport, air cargo […]

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