Chartered accountant in chennai
The Ministry of Corporate affairs has notified the Companies Auditors Report Order 2020 (CARO 2020) on 25th February 2020. This is applicable for the financial year commencing from 1st April 2019. (i.e,) This is applicable from the F.Y.2019-20 onwards. Accordingly, every audit report of the Company (if applicable) shall contain the details as specified in […]
CARO 2020 notified Read More »
Audit & Assurance Services Accounting & Accounting Outsourcing GST Consulting & GST Return filing Income tax Return filing & Income tax Consulting Company Registration , Firm Registration LLP Registration Capital Gains Tax planning & Consulting Other Services Send us an enquiry now… Want to avail our services ? Please send us an enquiry now… Click
We maintain accounts of the clients using the following softwares :- Tally Busy Quickbooks Zoho Books We offer the Accounting Services in the following manner :- 1) On-Site Accounts Maintenance We maintain accounts in the Client’s Location by visiting periodically (Daily , Weekly , Fortnightly , Monthly). If required we can also post a person
Accounting outsourcing Read More »
With over 2 decades of experience and expertise, we at B S Sridhar & Co., cater to the entire spectrum of Taxes (Income-tax, GST), Audit & Assurance services, tax planning and tax related consulting. Apart from this, we also specialise in GST, Payroll processing, Internal Audits, Company Registration & related compliances. We aim to deliver
Home – Chartered Accountant Firm in Chennai Read More »
The CBDT vide its Notification No 49/2019 has inserted a new rule – Rule 36(4) in Central Goods and Services Tax Rules,2017. The New Rule is as follows :- “ (4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been
Restriction on availment of Input Tax Credit (ITC) w.e.f Oct 2019 Read More »
Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi)
Clarification on applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training Institutes of India [gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-117.pdf”]
Clarification on GST exemption to Maritime Courses Read More »
As per GST Council decision, it was decided to continue with the existing system of filing GSTR 3B till March 2020. Notification 44/2019 prescribes the due dates for filing GSTR 3B Returns for the period from Oct’2019 to Mar’2020. GSTR 3B for these months shall be furnished on or before 20th of the month succeeding
Salient features of the Latest GST Notification Nos from 44-49/2019 dtd 9th Oct 2019 Read More »
The announcement of the finance minister regarding the reduction of rate of Income-tax in respect of Domestic Companies to 22% has created lot of interest amongst all entrepreneurs to go into corporate form of business considering the tax benefits. The below table is a comparison of tax liability for various types of Organisations for different
Composition scheme under GST GST Composition Scheme is a simple and hassle free scheme available for Small businesses who are running short of resources for carrying out compliance activities and also for business looking at easier compliance with less paper work and filing procedures. Among the various options available, the Composition Scheme stands out for
Composition scheme under GST – A Comprehensive Guide for Businesses 2024 Read More »
The Income-tax Department had recently made linking of Aadhaar & PAN madatory for assessees. A facility for the same was also introduced in the income tax efiling website www.incometaxindiaefiling.gov.in. Now the Income-tax Department vide its Notification No S O 1513(E) dtd 11th May 2017 has exempted the following assessees :- Persons residing in the States of
Exemption from Aaadhaar – PAN Linking Read More »
Know Your Customer Guidelines (Updated up to September 02, 2016) (This is a summarised and simplified version of the Reserve Bank of India’s Know Your Customer guidelines.) Q1. What is KYC? Why is it required? Response: KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address
Updated Know Your Customer (KYC) guidelines issued by RBI Read More »
The Central Board of Excise and Customs vide its press release dtd 5th Dec 2015 has extended the due date for payment of Central Excise duty & Service tax for the month of Nov 2015, to 20th December 2015. This will be applicable in respect of Central Excise and Service Tax assessees in the State
Swachh Bharat Cess (SBC) is effective from today (Nov 15, 2015). Please Note the following :- SBC to be shown and charged Separately in the Service Invoice. Service Tax will be @ 14% & SBC will @ 0.5%. Both needs to be shown separately in the Invoice. Do not show the Service Tax as 14.5%.
Swachh Bharat Cess (SBC) effective from today (15th Nov 2015) Read More »
As per the Budget Proposals, Swacch Bharat Cess is leviable on Value of Services from the date of notification. The Central Government vide its Notification No 22/2015 dtd 6th Nov 2015 has notified that Swacch Bharat cess will be leviable on taxable value of all services @ 0.5%. This is w.e.f 15.11.2015. It has to
New Levy – Swacch Bharat Cess @ 0.5% Read More »
