LLP- One time condonation of delay in filing LLP Documents-LLP Settlement Scheme 2020

LLP Registration, Company Law, Company Registration / admin

As per existing provision of Limited Liability Partnership Act, if the documents which are statutorily required to be filed are filed belatedly, an additional fee of Rs. 100/- per day till the date of filing is applicable. Large number of LLPs have defaulted in filing Form 8 (Statement of Account and Insolvency) & Form 11 […]

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Good Chance for settling your Income-tax Disputes…

Income-tax / B S Sridhar & Co.,

During the recent budget speech, the Indian Finance minister had announced a new scheme for settling the outstanding disputes with the Income tax department and the same was named as VIVAD SE VISHWAS (VVS). This scheme once comes into force, is a very good opportunity for Income-tax assessees with long pending tax disputes. These disputes

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GST Helpdesk number changed….

GST / B S Sridhar & Co.,

The new Toll free number is 1800 103 4786 This Number can be contacted from 9.00 am to 9.00 pm , 7 days a week The helpdesk service is available in following 12 Languages : Hindi English Bengali Marathi Telugu Tamil Gujarathi Kannada Odia Malayalam Punjabi Assamese The existing number 0120-4888999 will no longer be

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CARO 2020 notified

Company Law / B S Sridhar & Co.,

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

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GSTR 9 for the year 2018-19 activated

GST / B S Sridhar & Co.,

The GSTR 9 for the year 2018-19 has been activated in the GST Portal now. The last date for filing the GSTR 9 for the year 2018-19 is 31st March 2020. Source :- www.gst.gov.in

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New due dates for filing GSTR 3B

GST / admin

The New due dates for Filing GSTR 3B are as follows :-

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Blocking & Unblocking of E Way bill Facility

GST / admin

Blocking of EWB generation facility: Blocking/unblocking of EWB generation facility has been implemented on EWB Portal from 2nd December, 2019. Meaning of blocking: The blocking of E Way Bill generation facility means disabling taxpayer from generating E Way Bill (EWB), in case of non-filing of 2 or more consecutive GSTR 3B Return on GST Portal. Example: Taxpayers who

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Clarification regarding GST Rate on Job Work

GST / admin

As per recommendation of the GST council to reduce the rate of GST on Job work charges to 12% , which was 18% earlier, in the Notification No 11/2017 –Central Tax (Rate) dtd 28-06-2017 and entry was inserted w.e.f. 01-10-2019. There were confusions amongst the taxpayers with regard to entries at items (id) & (iv)

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Restriction on availment of Input Tax Credit (ITC) w.e.f Oct 2019

GST / admin

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

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GST on license fee charged by the States for grant of Liquor licences to vendors

GST / admin

GST on license fee charged by the States for grant of Liquor licences to vendors

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Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi)

GST / admin

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi)

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi) Read More »

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997

GST / admin

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 [gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-119.pdf”]

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Clarification regarding determination of place of supply in case of software/design services

GST / admin

Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry [gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-118.pdf”]

Clarification regarding determination of place of supply in case of software/design services Read More »

Clarification on GST exemption to Maritime Courses

GST / admin

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”]

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Clarification on Levy of GST for Donors

GST / admin

Levy of GST on the service of display of name or placing of name plates of the donor in the premises of charitable organisations receiving donation or gifts from individual donors [gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-116.pdf”]

Clarification on Levy of GST for Donors Read More »

LLP- One time condonation of delay in filing LLP Documents-LLP Settlement Scheme 2020

Good Chance for settling your Income-tax Disputes…

GST Helpdesk number changed….

CARO 2020 notified

GSTR 9 for the year 2018-19 activated

New due dates for filing GSTR 3B

Blocking & Unblocking of E Way bill Facility

Clarification regarding GST Rate on Job Work

Restriction on availment of Input Tax Credit (ITC) w.e.f Oct 2019

GST on license fee charged by the States for grant of Liquor licences to vendors

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi)

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997

Clarification regarding determination of place of supply in case of software/design services

Clarification on GST exemption to Maritime Courses

Clarification on Levy of GST for Donors

B S Sridhar & Co., Chartered Accountants

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